Page 2 - Union Budget

Growth, Budget and macro balances

The responsible revenue and expenditure projections are to be lauded, but efforts on trade and fiscal targets fall short

ED has done what voters couldn't; united the Opposition, says PM Modi

She guided millions of Indians; her presence as the head of the republic is historic and inspiring, said PM Modi in his reply to the motion of thanks on the President's address

MPC's optimistic growth outlook augurs well for credit demand

The MPC's optimistic growth outlook for H2 FY2024 augurs well for the credit demand for the banking sector as well as the lenders, said Karthik Srinivasan of Icra

Union Budget 2023: Growth-oriented with tax stability and rationalisation

Budget 2023 has maintained the status quo on tax policies with more thrust on certainty, which is a step in the right direction

20.7 mn households seek MGNREGA work in Jan, 2.26% less than in December

But it is about 9.7% more than the pre-pandemic month of Jan 2020; meanwhile, activists flay slashing of MGNREGS budget, say it will cause wage payment delays, suppress work demand

Supporting farm growth

Budget has enabling proposals

Signs of a weakening public sector

States may have got more through tax transfer, but the composition of the PSU capital outlay causes concern

Union Budget 2023: FinMin notifies refund of security deposits to MSMEs

In her budget speech, FM had proposed refund of 95% of amount forfeited on account of non-performance of contract due to Covid

Budget's provisions for development of clean energy to benefit U'khand: CM

He said that the budget, under the guidance of Prime Minister Narendra Modi, has been prepared with the concept of overall development of the country

Budget laid foundation to make India developed nation in next 25 yr: RS MP

Rajya Sabha member G.V.L. Narasimha Rao on Sunday said that the Union Budget laid the foundation to make India a developed nation in the next 25 years

Budget paid special attention to middle class, poor, farmers: Sushil Modi

BJP Rajya Sabha MP Sushil Modi Sunday said the Union Budget has paid special attention to the middle class, the poor, farmers, self-reliant youth and tribes. Today, India, with foreign exchange of Rs 563 lakh crore, has become the fifth largest economy in the world, he told reporters at a press conference here. About the Centre's decision to celebrate 2023 as the "International Year of Millets", the former deputy chief minister of Bihar said the grain will not only become a source of nutrition for the people but also increase employment opportunities as well as exports. The aim of celebrating 2023 as the "International Year of Millets" is to make it a people's movement so that Indian millets, recipes and value-added products are promoted globally. Recounting the benefits of several Centre-run schemes, Sushil Modi said that more than 3 crore homeless people in the country have been provided housing facilities and 47 crore got support through Jan Dhan account, which is commendable an

Budget will pave way for building a developed India: Ravi Shankar Prasad

Senior BJP leader Ravi Shankar Prasad on Sunday said the Union Budget for 2023-24 will pave the way for the welfare of the poor and farmers and building a developed India. Uttarakhand will especially benefit from schemes such as Shri Anna Yojana and the provisions made in the budget for agriculture, tourism and infrastructure, Prasad said at a press conference here as part of the BJP's countrywide discussion on the Union Budget. "The Union Budget is in the interest of the people of the country. A roadmap for the development of the poor, farmers, youth and women is at the core of the budget for 2023-24," Prasad said. Finance Minister Nirmala Sitharaman presented the Union Budget for 2023-24 in Parliament on February 1. Prasad said at a time when the entire world is suffering the impact of the Russia-Ukraine war, India is touching new heights of development. The International Monetary Fund (IMF) has predicted India's GDP is to grow at a rate 6.8 per cent. It shows India is a shining

Proposed National Research Foundation gets Rs 2,000 crore in Budget

The allocation of Rs 2,000 crore in the Union Budget for the proposed National Research Foundation, a new funding agency to bolster India's research competence, has raised expectations among various quarters for it to take wings soon. Union Finance Minister Nirmala Sitharaman announced the allocation to National Research Foundation (NRF) as a component of the Department of Science and Technology (DST), and not as an agency independent of the government. However, government officials pointed out that the allocations to the NRF were earmarked in the outlay for the DST as the funding agency was yet to receive approval from the Union Cabinet. "It is a new scheme of the government to fund cutting-edge science, especially for the state universities," DST Secretary Srivari Chandrasekhar told PTI. The Union Cabinet was expected to approve the proposal of setting up NRF very soon, he said. Chandrasekhar said the initiative to set up the NRF was driven by the Office of the Principal Scienti

From savings to spending: What new IT rules tell us about govt's intentions

The new IT regime will be the default one but those tax payers wanting to continue with the old one can still do so

Union Budget gives larger wings to regional connectivity scheme UDAN

'Fifty additional airports, heliports, water aerodromes and advanced landing grounds will be revived for improving regional air connectivity'

FM's bullishness on millets in Budget must translate as benefits to farmers

Hailed as a progressive and forward-looking one by the IT and technology honchos, the Union Budget 2023-24 did fall short on some expectations by the industry

Sitharaman to begin post-budget outreach in Mumbai, meet business leaders

Finance Minister will travel to more cities, explain what the budget contains for various stakeholders

Highest-ever sports budget in 2023-24, but where would it go exactly?

Understanding the sectoral payouts of sports budget would give a broader understanding of where exactly the money is going to be spent

Why Sitharaman called millets 'Shree Anna' - the mother of all grains

Rendered 'orphan crops' post the Green Revolution, these healthy grains have got renewed push

Budget 2023: What does the announcement related to P-notes indicate?

Clearly, the govt is worried about inflows in 2022 because of the global economic uncertainty and has decided to encourage inflows via any means possible, PNs included