Page 2 - Union Budgets

Budget session from Tuesday; President to address joint sitting of 2 Houses

The Budget session of Parliament begins on Tuesday with the maiden address of President Droupadi Murmu to the joint sitting of both Houses. While the government's priority will be to seek approval on the Motion of Thanks to the President's Address and the Finance Bill, the Opposition is raring to corner it on a range of issues, including the Adani-Hindenburg row, a nationwide caste-based economic census and the women's reservation bill. Finance Minister Nirmala Sitharaman will present the last full-fledged Union Budget of the Modi government before the 2024 Lok Sabha elections on February 1. The Economic Survey will be tabled on Tuesday after the President's address. The government plans to bring around 36 bills - including four related to the budgetary exercise - during the session. The session will have 27 sittings and will continue till April 6 with a month-long recess to examine the budget papers. The first part of the session will conclude on February 14. Parliament will ...

Indian economy yet to revive from effects of Covid-19 pandemic, says CPI(M)

Ahead of the Union Budget, the CPI(M) has alleged the Indian economy is yet to revive from the blow it was dealt with during the Covid pandemic and blamed the government for the way it was handled. The party demanded that taxation and public expenditure be used to tilt distribution in the favour of the working masses, improve the incomes of farmers, generate employment, and attain improved health and educational outcomes. The latest editorial of the party mouthpiece "People's Democracy" said the budget for 2023-24 is to be presented before Parliament at a time when both Indian and world economies are facing a grim situation. "Notwithstanding the tall claims of the (Narendra) Modi government, India's economy is yet to recover from the crippling effects of the Covid pandemic and the disastrous way in which it was handled by the Government of India... "India has to, however, be prepared for not merely a temporary world recession, but the possibility of a prolonged world capitalist cri

FY24 budget should be favourable to EV industry: Kinetic Green CEO

'India has started adopting EVs as a mobility solution, and with continuous support from the government, we will make great progress in the coming decade'

15 important terms you should know ahead of Union Budget presentation

Finance Minister Nirmala Sitharaman is set to present the Union Budget 2023-2024 in Parliament on February 1; here's a lowdown on vital budget related terms that you should know

Modi govt has mostly failed in meeting fiscal targets set in Budgets

It seems the glide path given in budgets has been the govt's intention, but the actual conditions turned out to be quite different

Tamil Nadu textile industry seeks export incentives in Union Budget

The textile industry of Tamil Nadu has sought export incentives and additional credit support in the budget for 2023-24 of the Union government to be presented in Parliament on February 1

Will education outlay improve amidst widening learning gap? Sector hopes so

Ahead of International Education Day on Jan 24, a case for more funding, reducing digital divide in education

Realistic approach: Budget 2023 likely to steer clear of populist measures

Top policymakers comfortable with 6-6.5% growth in FY24

CBDC: Industry demands support for robust infrastructure in Budget 2023

Stakeholders say internet penetration, robust technology, and concerns about data security are key issues they want the govt to address

Govt may increase allocation for PLI schemes in Budget to boost exports

Under the PLI scheme, eligible players receive incentives for five years if they achieve their investment and production value target for each year

SBI estimates India's FY23 fiscal deficit at Rs 17.5 trn, FY24 Rs 17.95 trn

Upcoming budget 2023 will be challenging for government to follow the roadmap for fiscal consolidation amidst a global environment of declining inflation, said top economist of State Bank of India

Union Budget 2023: Electronic companies urge govt to reduce tariffs

Some duty structures, according to industry groups and stakeholders, need to be revised because they are now burdening the industry

Budget 2023: Digital infra, cybersecurity spending critical for tech sector

Apart from the direct expenditures, the government is also expected to extend the production-linked incentives for electronics manufacturing schemes to encourage domestic manufacturing

Budget 2023, last full budget of Modi govt, to focus on rural, infra: UBS

The forthcoming budget -- the last full budget of the present government ahead of the general elections to be held in mid-2024 -- will be more rural- and infra-focused, said a foreign brokerage

Budget 2023: A look back at some major announcements in previous Budget

Here is a brief status check of some initiatives that the Finance Minister touched upon in the Union Budget 2022

Govt considering textile duty structure rejig in Union Budget: Report

The industry says a slowdown in exports of cotton yarn due to weakening global demand has tied their hands

FinMin may shift tax liability on share buyback to shareholders in Budget

The shift will bring the taxation of share buybacks on the same page as the dividend income

What are the five things that will impact you in 2023?

Is it a mirage or will this year turn out to be better for us? What will be the key developments that need to be tracked in 2023? Bhaswar Kumar tells us in this report

Union Minister Ashwini Vaishnaw unveils digital innovation alliance for G20

The minister also launched "stay safe online" campaign, with the aim of digitally transforming the global economy in a secure cyber environment

TDS guidelines for gaming companies may require greater disclosure

The move is aimed at improving reporting and transparency in these sectors