Page 96 - Latest Updates on Nirmala Sitharaman
What are Unity Malls, and what did FM Sitharaman say about them in Budget?
The idea behind setting up these malls appears to be to give a boost to local products and economies
 "What are Unity Malls, and what did FM Sitharaman say about them in Budget?")
Rebates to slabs: Budget's key changes in Income Tax regime explained
This move indicates that the old regime will slowly be wound up
 "Rebates to slabs: Budget's key changes in Income Tax regime explained")
Budget 2023 promises to train students, teachers for the job market
FM announced establishment of 30 Skill India International Centres across different states, launch of a unified Skill India Digital platform for enabling demand driven formal skilling
 "Budget 2023 promises to train students, teachers for the job market")
Union Budget to give a boost to exports, manufacturing in country: Govt
Custom duty on imitation jewellery has been enhanced from 20 per cent to 25 per cent. This will discourage cheap imports from China and encourage domestic manufacturing
 "Union Budget to give a boost to exports, manufacturing in country: Govt")
PM Modi's election Budget unlikely to delay RBI path to rate pause
The new tax rates are unlikely to add to inflationary pressures in the economy in the near-term, said economists including Nirmal Bang Institutional Equities Pvt.'s Teresa John
 "PM Modi's election Budget unlikely to delay RBI path to rate pause")
Union Budget provides roadmap for stability growth and development: USISPF
Welcoming the proposed rationalisation of tax rates in the Union Budget, USISPF praised the concessional tax rate of 15 per cent for cooperative societies setting up manufacturing or production
 "Union Budget provides roadmap for stability growth and development: USISPF")
We are in the midst of capex 'mahotsav'
The finance minister has once again done a stellar job of supporting growth whilst maintaining fiscal pragmatism
 "We are in the midst of capex 'mahotsav'")
Blueprint for New India: Here are 15 takeaways from the Budget 2023-24
The Budget is a blueprint and strong foundation for a New India; takes a long-term view of the economy
 "Blueprint for New India: Here are 15 takeaways from the Budget 2023-24")
Best of BS Opinion: Macro-fiscal question, Tax proposals a mixed bag & more
Here is the best of Business Standard's opinion pieces for today
Budget: Energy transition gets fund boost, green growth key economic driver
The Centre has entrusted the oil ministry, which naturally has the highest fossil-fuel footprint, to steer the energy transition of the country
 "Budget: Energy transition gets fund boost, green growth key economic driver")
Banking sector should cheer Budget
The Budget estimated the nominal GDP growth at 10.5 per cent in FY23, lower than what the Economic Survey, tabled a day ahead, projected
Want to make exemption-free tax regime attractive for people: FM Sitharaman
Sitharaman said large macroeconomic considerations had been kept in mind, and fiscal consolidation had not been ignored
Union Budget 2023-24: Firm on prudence, high on feel-good factor
Finance Minister Nirmala Sitharaman on Wednesday presented the Union Budget for 2023-24, which is expected to serve as the last full Budget of Prime Minister Narendra Modi's second term in office
Focus on bank governance: Pain points & what's on offer in Budget
A move to the stricter expected credit loss model in accounting for bad loans is on the cards for banks
 "Focus on bank governance: Pain points & what's on offer in Budget")
Projects worth Rs 19,000 cr to get grants under Sovereign Green Fund
Centre looks to raise Rs 16,000 cr this fiscal via green bonds. The Budget, however, does not say whether or not bond issuance will be the sole contributor to the fund
 "Projects worth Rs 19,000 cr to get grants under Sovereign Green Fund")
Union Budget 2023: Big push for agri digital infra, co-ops, organic farming
Rural housing gets huge fund outlay for completion of projects ahead of 2024 general elections
 "Union Budget 2023: Big push for agri digital infra, co-ops, organic farming")
The macro-fiscal question
Budget reflects the limitations of a fiscally-strapped government. Increases in capital outlays have matched decreases in public sector capex
A people-centric proposition
The break from giving sops to industry and throwing money at the poor is welcome
 "A people-centric proposition")
A credible effort
The Budget makes all the right noises and avoids the temptation to be populist
'Reward the rich' politics
With a 10% tax cut for the super-rich, has the Modi government lost it? If this is what we believe, we are still caught in oldthink in our political economy