Page 17 - Union Budget

Budget focus is to maintain growth, tame inflation: FM Nirmala Sitharaman

The minister is in Washington DC to the annual meetings of World Bank and International Monetary Fund, as well as the G-20 Finance Ministers and Central Bank Governors meetings

Next budget will have to be carefully structured to maintain growth: FM

The next annual budget of India will have to be very carefully structured to sustain the country's growth momentum, Union Finance Minister Nirmala Sitharaman said on Tuesday, noting that it will also address inflation concerns. Visiting Washington DC to attend the annual meeting of the International Monetary Fund and the World Bank, the finance minister was responding to a question on the next year's budget at a fire-side chat with eminent economist Eshwar Prasad at the prestigious Brookings Institute. Specifics (of the next budget) may be difficult at this stage because it's a bit too early. But broadly, the growth priorities will be kept absolutely on the top. Even as I speak about the concerns that inflation brings before me. So, inflation concerns will have to be addressed. But then how would you manage growth would be the natural question, Sitharaman said. India's next annual budget is scheduled to be presented by Sitharaman before the Parliament next February and preparations

Top Headlines: Run-up to Budget 2023-24, India Inc's Q2 earnings, and more

The July-September quarter (second quarter, or Q2) of 2022-23 (FY23) could mark the end of the period of an unprecedented rise in India Inc's earnings in the aftermath of the pandemic

Run-up to Budget 2023-24: Centre looks to cut non-priority expenditure

Direct and indirect tax revenues may not be enough to offset food and fertiliser subsidies

Direct tax mop-up rises 24% YoY to Rs 8.98 trillion in FY23 so far

Refunds amounting to Rs 1.53 lakh crore have been issued between April 1-october 8, an increase of 81 per cent over the corresponding period last year

Govt to kick off Budget-making exercise for FY 2023-24 on Monday

The government on Monday will kick off its annual Budget making exercise for financial year 2023-24, that is expected to look at measures to revive growth amid a gloomy global outlook. The meeting would start with consultations with various ministries and departments on the revised estimates (RE) of expenditure for ongoing financial year and the fund requirement for 2023-24. On the first day on Monday, RE meetings with Ministry of Environment, Forest and Climate Change, Ministry of Labour And Employment, Ministry of Information and Broadcasting, Ministry of Statistics and Programme Implementation and Ministry of Youth Affairs and Sports would take place. Most of these discussions to finalise RE for ongoing financial year (2022-23) and Budget Estimate for 2023-24 would be chaired by the Finance Secretary and Expenditure Secretary. The month-long deliberations would end on November 10, with consultations with Ministry of Cooperation, Department of Agriculture and Farmers Welfare, ...

CBIC floats new norms to curb undervaluation of goods by importers

Nove comes after customs dept observed several consignments from South-East Asia in which rules of origin were flouted, and the FTA route was being used to evade duties

Centre cuts FY23 borrowing target by Rs 10k cr amid robust tax collections

The government will borrow Rs 5.92 trillion, or 41.6 per cent of the new FY23 target, in October-March, including from the issuance of its maiden sovereign green bonds of Rs 16,000 crore

Decoded: What are green bonds and how much will be the govt issue?

Green bonds are debt instruments the proceeds of which are utilised to finance projects that are beneficial to the environment

Will NITI Aayog-like bodies come up in the states and will they deliver?

Experts believe that merely replacing the state boards with Aayog-like bodies will not make them institutions which would be looked at seriously by the governments

Central government to begin Budget 2023-24 preparations from October 10

Budget 2023-24 will be the fifth budget of the Modi government. It will be FM Sitharaman's last Budget before the 2024 General Elections

Capex loan disbursement to states may rise to Rs 70,000 cr by Q2 end

This is lower than Finance Minister Nirmala Sitharaman's expectation Rs 1 trillion would be released by end of September

PSU debt serviced by a state to be brought under its FRBM limit: Govt

Such borrowings shall be considered as those availed by the state itself for the purpose of issuing consent under Article 293(3) of the Constitution, says FM Sitharaman

A makeover for North Block

The Indian economy faces tough challenges, but the pressure today is more on Mint Road

Centre's new scheme to minimise migration from border areas: Minister

Prime Minister Narendra Modi is planning to rehabilitate people living along the international borders by providing them with all basic facilities, Pramanik said

Rs 1,900 crore deficit likely to hit infrastructure projects in FY23

While the Department for Promotion of Industry and Internal Trade (DPIIT) had sought Rs 10,267 crore from the finance ministry for FY23, it received Rs 8,348-crore allocation.

Will we see a reverse repo hike this week?

Can RBI afford the luxury of waiting out on the inflation front to allow growth to pick up?

Despite huge outlay, Rs 15,000 cr MGNREGA dues may spill over to FY23

Expenditure on the MGNREGA scheme in FY22 is pegged at 1,13,311.23 cr, so even if the Centre uses all if the Rs 98,000 cr allocated to the scheme, a huge sum will remain uncleared.

Union Budget sets agenda to provide tax predictable regime: FM

Union Finance Minister Nirmala Sitharaman on Monday said the Union Budget for 2022-23, which she had presented, stands for continuity to provide a tax predictable regime

Focus of Union Budget was on providing stability post Covid pandemic: FM

Sitharaman said the 2022 Budget was a continuity of the previous budget last year which was more exhaustive in laying out the formulation, principle and then provide stability for revival from Covid