Page 27 - Budget 2023

Capital expenditure target of Rs 7.5 trn for FY23 to be met: Survey

Capital expenditure has started pushing private investment and the Budget target of Rs 7.5 lakh crore for the current financial year is likely to be met, the Economic Survey 2022-23 said. The capital expenditure (capex) of the central government which increased by 63.4 per cent year-on-year in the first eight months of FY23 was another growth driver of the Indian economy, crowding in the private capex since the January-March quarter of 2022, it said. "On the current trend, it appears that the full year's capex (announced in the Budget) will be met," it said. A sustained increase in the private capex is also imminent with the strengthening of the balance sheets of the corporates and the consequent increase in credit financing it has been able to generate, it said. The Finance Minister raised capital expenditure (capex) by 35.4 per cent for the financial year 2022-23 to Rs 7.5 lakh crore to continue the public investment-led recovery of the pandemic-battered economy. The capex in the

Prez Murmu lauds govt's steps to deal with infra development challenges

President Droupadi Murmu on Tuesday said the government has taken concrete steps and has prepared the PM Gati-Shakti National Master Plan to deal with infrastructure development challenges. The states and Union Territories have also shown enthusiasm regarding the PM Gati-Shakti National Master Plan and this will expand multi-modal connectivity in the country, she said. "Over the past decades, we have noticed two major challenges in building infrastructure in India. Firstly, large infrastructure projects could not be completed on time. Secondly, different departments and governments worked according to their own convenience," she said. This, the President said, not only resulted in the misuse of government resources and time overruns, but also led to inconvenience to the common man. "My government is striving to make India the most competitive logistics hub of the world. For this, the National Logistics Policy was launched in the country last year," she said. Implementation of this

President Murmu focuses on govt's development thrust in maiden address

Laying out the government's vision for building a developed India in the next five years, President Droupadi Murmu on Tuesday underlined its thrust on 'virasat' (heritage) as well as 'vikas' (development) and said it has worked for all without any discrimination. In her first address to the joint sitting of Parliament on the first day of the Budget session, the president said people have been given basic amenities missing for decades and modern infrastructure long aspired for is being built across the country. She cited the expansion of the digital network and the crackdown on corruption during the Modi government's tenure. The government has ushered in many positive changes in its nearly nine years in power and the biggest has been that the self confidence of every Indian is at its peak, the president said. The world has changed the way it looks at India, she said during her more than hour-long speech. While India used to depend on others to solve its problems, it is now working t

We have to build Aatmanirbhar India: Prez in her 1st address to Parliament

The Budget session of Parliament got underway on Tuesday with the maiden address of President Droupadi Murmu to a joint sitting of both Houses

Sonia to attend President's address as Congress leaders stuck in Srinagar

Sonia Gandhi will attend the President's address to Parliament on Tuesday as many party MPs, including Leader of Opposition are stuck in Srinagar due to inclement weather

Beside Adani Green, Adani Transmission; 14 other stocks hit new 52-week low

Whenever a stock hits a new 52-week low, further fall from a medium-term scale appears realistic, with price endorsing further correction of 10 per cent to 12 per cent.

Budget 2023: What is the Economic Survey? All you need to know about it

The Survey reviews the economic and financial trends in the nation over the past year and provides detailed data and analysis on all the major sectors of the economy

From capex to taxation, four things to look out for in Union Budget 2023

This is the last full budget before the 2024 Lok Sabha elections, and will be tabled amidst a global slowdown and unprecedented geopolitical uncertainty

Sitharaman to present economic survey for 2022-23 in Parliament today

Finance Minister Nirmala Sitharaman on Tuesday will present the Economic Survey (2022-23) in Parliament

Kharge, several MPs won't be able to attend Prez address: Jairam Ramesh

The President addresses members of both Houses in the Parliament's Central Hall on the first day of budget session

Top headlines: India,China to drive 2023 growth, PLI scheme to be extended

Business Standard brings you the latest headlines at this hour

Budget 2023: Tour operators in Himachal demand packages to revive industry

Travel agents and transporters said they were expecting low-interest rates on loans for tourism business

Tax cuts, factory incentives: Here's what to watch for in upcoming Budget

Finance Minister Nirmala Sitharaman may tweak income-tax slabs to provide relief to the nation's vast middle class and increase spend on the poor through programs such as rural jobs

Budget 2023: Growers want apples put under special category, seek subsidies

Apple growers and other horticulturists in Himachal Pradesh said they were hopeful of getting special provisions in the Union Budget to boost trade of Himachali apples.The growers said they were also looking forward to Finance Minister Nirmala Sitaraman giving more clarity on import duty on apples procured from overseas to India or bringing the apples under a special category in World Trade Organisation (WTO).The farmers also demand subsidies in fertilisers and provision of MSP for apples on a par with Jammu and Kashmir."We are hopeful of special budgetary provisions for us. Inflation has hit everyone in the country, and the cost of production is going up. There is an urgent need for subsidy on fertilisers and pesticides for horticulture. We also are looking for more clarity from the finance ministry on imposition the 100% import duty on apples (from overseas), as imported apples, especially from China and Iran, hit our peak apple season, resulting in the prices of our produce going ..

TMS Ep358: Budget expectations, Soumya Mohanty Q&A, markets, short-selling

What are citizens' expectations from the Budget? What does Kantar MD hope for consumer goods firms? What do bond market investors expect in Budget? What is short-selling? All answers here

Parliament's Budget session from Tuesday, Congress yet to show its hand

MPs feel that for the first time, the Congress is playing its cards close to its chest as no party leader is likely to be present at the meeting (they are unable to return from the Bharat Jodo Yatra)

FM should cut cess, taxes on fuels and surcharge on income tax: Chidambaram

Finance minister must find out answers as to why India Inc. is not investing, says Congress leader

Road map for India as an economic superpower

This Budget will also continue the weighty task of sustaining social welfare schemes

Budget expectation: PLI scheme might be extended to other industries

Currently, 384 eligible companies, global and homegrown, in 14 industries are eligible for incentives

Budget's focus will be on promoting exports, millets, employment: Khattar

Haryana Chief Minister Manohar Lal Khattar said that state's budget for 2023-2024 will focus on promoting exports, products made from millets, and employment opportunities