Page 31 - Budget 2023

Budget should allocate funds on R&D to develop pesticides, organic manure

The Union budget to be presented by Finance Minister Nirmala Sitharaman on February 1 should look forward to allocating funds on research and development (R&D), said a top official of Insecticides India Limited.

Budget 2023-24: Manufacturing sector eyes revised taxations, new PLIs

Manufacturing sector contributes 15% to India's GDP and hence the expectation of experts are high from the government

One in four Indians concerned about threat of job layoff, finds survey

Every one in four Indians is concerned about the threat of job layoff while three out of four are worried about rising inflation yet half of them believe that the country's economy will grow in 2023, according to a survey by marketing data and analytics firm Kantar. In its second edition of India Union Budget survey, Kantar found that consumers expect an announcement in policy changes with respect to income tax, with increasing basic income tax exemption limit from current Rs 2.5 lakh being the most common expectation. "At a macroeconomic level, most have a positive outlook -- 50 per cent believe that the Indian economy will grow in 2023 as against 31 per cent, who feel there will be a slowdown. Non-metros at 54 per cent are more optimistic as compared to metros," Kantar said. However, it said the global economic slowdown and a potential resurgence of COVID-19 are key areas of worry for Indians. "Three out of four people are worried about the rising inflation and want the governmen

Budget 2023: Healthcare sector needs eco-system for infra, say experts

After Covid pandemic hit world three years ago, healthcare sector has become central for 2023 budget as industry awaits the Centre's intervention to make healthcare affordable and accessible to all

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

Parliament's Budget session to begin Jan 31; Here's what you need to know

At this session, with 27 sittings spread over 66 days, the Parliament discusses and approves the proposed annual budget

Indian gaming industry seeks clear tax regime, duty credit scrips in Budget

Budget 2023: They also suggested that the Centre can also consider levying separate tax slabs for each game category, like casual games, fantasy games and esports

FM Sitharaman to attend traditional 'halwa' ceremony before Budget session

In a series of tweets on Wednesday, the Finance Ministry said the ceremony will be held in the Budget Press situated inside North Block

Fiscal deficit target for FY24 to be kept at 5.8-5.9% in Budget: Report

The fiscal deficit is expected to remain much larger than the 4-4.5 per cent of the GDP that was usual for decades

Union Budget 2023 likely to focus on deficit reduction, say experts

As India faces weakening demand for its exports from the slowing economies of trading partners, its own growth is still recovering from the damage of pandemic controls

Centre expected to introduce new income tax slabs in Budget 2023: Report

Currently, there are six slabs in the new personal income-tax regime, starting with the Rs 2.5-5 lakh income bracket taxed at 5 per cent

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

Best of BS Opinion: Deficient regulation, structural strength, and more

Here is the best of Business Standard's opinion pieces for today

Building resilience for the long game

The Budget should focus on keeping the domestic house in order. If it manages to do so, then India could attract large capital inflows once the global shocks fade

Budget 2023: Here's all you need to know about gender budgeting in India

Business Standard tries to demystify gender budgeting, its history, and the road ahead

Analysts expect Budget to focus on job creation, investment-driven growth

Any roadmap to build and bolster the entrepreneurship culture can promote self-reliance and go a long way in employment generation

Best of BS Opinion: Give peace a chance, endorsement disclosures & more

Here is the best of Business Standard's opinion pieces for today

India may peg nominal GDP growth at about 11% in upcoming Budget: Sources

The government expects nominal growth of 15.4% for the current fiscal year that ends on March 31

Investors budget for growth as markets feed on February 1 hopes

The Budget this year is likely to continue in the direction the government had set forth in in the last Budget, with reference to development and infrastructure

What the Budget should explain

FM's speech must highlight its impact on money supply, demand and investment- factors that influence inflation and growth