Page 74 - Finance Ministry

Finance Ministry's real FY23 GDP forecast lower than in Economic Survey

The last time India's real GDP was at 8 per cent-plus was in 2015-16 (8 per cent) and 2016-17 (8.3%)

Cryptocurrency will never be a legal tender: Finance secy Somanathan

Cryptocurrency will never be a legal tender, Finance Secretary T V Somanathan said on Thursday clearing the air on the legality of private digital currencies in the market.

Budget 2022: SEZ 2.0 to revive activities, says Commerce secy Subhramanyam

Subramanyam also said that the Union Cabinet has already approved the interest equalisation and the modified version of the scheme will be soon notified

Union Budget 2022: Approval on FDI policy tweak to facilitate LIC IPO

The industry department will soon seek the approval of the Union cabinet regarding the same

We have been studying crypto sector for the past five years: JB Mohapatra

We now have sufficient working knowledge as to how the sector works, and in what manner surplus is being generated, says Mohapatra

Budget opted for lasting benefits, not temporary relief: TV Somanathan

I still hold the view that except for the poor, what is restraining consumption is activity restriction, which is not financial in its origin, says finance secretary

Union Budget 2022-23: Green bond push likely to bring in investors

Green bonds are regular bonds but their proceeds are used for financing environmentally-sustainable projects.

Covid-19 vax: Low allocation in FY23, Centre has unutilised funds from FY22

Depending on utilisation of budgetary estimates, allocation can be hiked, say officials

Budget lays foundation for growth in next 25 years, says Niti Aayog VC

Niti Aayog Vice-Chairman Rajiv Kumar on Wednesday said the government is taking all possible measures to ignite private investments, which will be the best bet to pull the economy out of the shadows

'Allowing ITR updation for 2 yrs by paying extra tax not an amnesty scheme'

The two-year window provided to taxpayers to disclose omitted income and correct mistakes made in income tax returns, is not an amnesty scheme, Revenue Secretary Tarun Bajaj said on Wednesday

Budget 2022 has everything needed for energy transition: R K Singh

Union Power Minister R K Singh said the Budget 2022-23 has everything that is required for energy transition

Union Budget 2022: Kudos to Finance Minister Nirmala Sitharaman

This time around, I must go on record praising her for the way in which she has framed the Union Budget for 2022-23

Union Budget 2022: Refile ITR within two years to fix errors

The Income-Tax (I-T) Department will introduce a new updated return, which is expected to help those taxpayers who have committed mistakes in filing their returns

Budget 2022: PM Modi hails 'people-friendly and progressive' budget

The prime minister said the Budget is "full of opportunities for more Infrastructure, more Investment, more growth, and more jobs".

Union Budget 2022-2023: A strong and promising message

While retail inflation is for the moment within the Reserve Bank of India's target Range, the risk of a burst of inflation cannot be ignored

Union Budget 2022: Roads get lion's share of allocation in FY23

Investments in NHAI were more than doubled to Rs 1.34 trillion, against Rs 65,060 crore in the revised estimate for FY22

Budget 2022: Markets cheer thrust on capex; Sensex rises 848 points

From highs to lows, Sensex saw a movement of 1,294 points but managed to finish strong

Budget 2022: Here's what will get costlier and what will be cheaper

Imported cut and polished diamonds, frozen mussels, frozen squids, asafoetida, cocoa beans, methyl alcohol and acetic acid will become cheaper as a result of rationalisation in customs duties

Budget 2022: Govt allocates Rs 3,050 crore to Ministry of Ayush

The Ministry of Ayush has received an allocation of Rs 3,050 in the Union Budget 2022-23, a slight increase of 2.69 per cent from 2021-22 when Rs 2,970 crore was earmarked for it.

Budget 2022: Equity investors become richer by about Rs 3 trillion

Equity investors became richer by more than Rs 2.99 lakh crore on Tuesday as the Union Budget was well received by the stock market. On the Budget Day, the 30-share BSE index jumped 848.40 points or 1.46 per cent to settle at 58,862.57. During the day, it gained 1,018.03 points to 59,032.20. It was merriment on the Dalal Street, as the market capitalisation of BSE-listed companies jumped by Rs 2,99,354.61 crore to Rs 2,67,40,561.79 crore. This is the second day of gain for the market and in two days investors' wealth has zoomed Rs 6,32,857.56 crore to reach Rs 2,67,40,561.79 crore. "The equity markets were cheerful on announcement of huge outlay of capital expenditure in overall infrastructure development. This Union Budget will also lay the foundation for economic growth through public investments as India emerges from a pandemic induced slump. "Hardly any tinkering with tax & avoiding populist measures was also received well by the market participants," said Devang Mehta, Head