Page 12 - Union Budget

Budget 2023: Here's all you need to know about gender budgeting in India

Business Standard tries to demystify gender budgeting, its history, and the road ahead

What the Budget should explain

FM's speech must highlight its impact on money supply, demand and investment- factors that influence inflation and growth

Defence Budget and its discontents

Allocations made for capital expenditure must increase if India is to keep pace with China's rising military might

Need to create specialised SME digital bank: Co-founder of Biz2Credit

Ahead of the Union Budget, Rohit Arora, CEO and Co-Founder of Biz2X, has suggested the government needs to come out with a specialised SME digital bank to cater to the funding needs of small businesses. Finance Minister Nirmala Sitharaman will present the last full Budget before the 2024 general elections in the Lok Sabha on February 1, wherein she is expected to announce slew of measures to boost economic growth. Arora said that small and medium businesses perennially face credit shortage and it is time that the government should come out with a specialised bank to cater their requirements. "SME digital bank can provide a bouquet of services to MSMEs, such as business CASA accounts for transaction banking, invoice and payments processing, correspondent banking, SME credit and trade finance, and other business financial services," he said. Biz2X is a turnkey global SaaS platform that enables financial institutions to provide a customised online lending experience for their small an

Statsguru: States' finances are improving, debt likely to shoot up

When the Union government announced Budget for 2022-23, it had projected revenue to be 8.5% of GDP. A Business Standard analysis of latest report on state finances showed that states are catching up

Budget 2023: Railway Ministry sets in motion Rs 2-trillion budgetary push

Railways has also been focusing on building better domestic infrastructure for manufacturing trains

Budget session: President's address to be held in old Parliament building

The Budget Session of Parliament is likely to begin on January 31 and is expected to conclude on April 6 with a recess in between

Budget 2023: HR industry expects labour codes, focus on formal job creation

The Human Resource industry anticipates various measures from the upcoming Budget 2023, that will be beneficial for employees, the employment process, for job development and will address the skill-gap challenge in the country. The Indian economy is on the road to recovery after the Covid-19 pandemic significantly affected the country's economic growth. Industry players are hoping that the ensuing budget will provide a much-needed boost to the HR sector that will help the industry to get back on track. According to leading HR services provider Randstad India, the broad industry asks for the HR sector is the roll out of labour codes, focus on formal job creation, industry Status for Staffing Industry and enhancing skilling initiatives for the youth. It would help if the central and state governments set up help desks in the initial phases of rolling out the labour codes to ease the implementation by the industry, it said. "The union budget 2023 should aim at further enhancing the ..

Budget 2023: Centre likely to announce PLI scheme for more sectors

The government is likely to extend fiscal incentives for production of toys, bicycles and leather and footwear in the forthcoming budget as it looks to expand production linked incentive (PLI) scheme

Union Budget 2023: MSME sector seeks access to credit at affordable rates

PLI schemes, quick access to funding, and expansion of exports are some of the key areas that the sector is looking forward to

Railways earns Rs 191,162 cr revenue in FY23; Rs 41k cr more than last year

Ahead of the Union Budget, the Railways on Thursday said it has earned Rs 41,000 crore more in revenue so far in 2022-23 as compared to the same period in the previous fiscal.

Budget 2023 should create roadmap for sustainable growth: Logistics sector

Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget 2023-24 in the Lok Sabha on February 1

Budget 2023: International Road Federation seeks removal of GST on helmets

India accounts for about 11% of the road accident deaths worldwide and the two-wheeler riders, being most vulnerable, constitute almost 31.4 per cent of road accidental deaths

Union Budget 2023: Experts don't expect surprises in social sector outlay

While experts believe that provision for various social schemes may go up, the sector is unlikely to see any major announcements

Budget wishlist: Pharma, healthcare industries seek simplified regulations

Fortis Healthcare MD & CEO Ashutosh Raghuvanshi said increased policy support is required to encourage, facilitate medical value travel to India

Bullish trends dominant in run up month to Union Budget, shows report

With the Union Budget for 2023-24 just days away, there are chances that there could be volatility in the BSE benchmark, due to expectations of US Federal Reserve hiking rates

Union Budget 2023: Government bullish on monetisation of railways' assets

Under monetisation, the government does not sell assets, but leases them for a certain period for redevelopment and operations by a private entity, while continuing to retain their ownership

India Budget to balance capex, social agenda, says Nomura's Sonal Varma

"India will have the benefit of lower subsidy bills, helped by a fall in international fertilizer prices and a readjustment of the nation's free food program," she said

Centre planning rate changes in new income tax structure, says report

Individuals can currently decide which set of rates they want to be taxed under

Remove rule that calls for TDS on cash withdrawal: Banks in Budget wishlist

Tax is to be debited from the account of the customer and cannot be adjusted against the cash withdrawn