Page 98 - Nirmala Sitharaman

Budget 2023: FM sticks to fiscal road map, targets deficit of 5.9% in FY24

The fiscal deficit is the difference between the government's expenditure and revenues when the former is higher

Sartorial to spending: Green dominates the House during Budget speech

The word 'green' was used by the finance minister 23 times in her 60-plus-minute speech, reinforcing the jungle theme as she moved from thicket to thicket, stumbling occasionally

PM Modi terms Union Budget 'historic', says it gives priority to deprived

1st Budget of 'Amrit Kaal' is 'historic', meant for the aspirational, PM says

Budget allocates Rs 4,692 cr for Ministry of Information and Broadcasting

Union Finance Minister Nirmala Sitharaman on Wednesday announced a Rs 4,692-crore outlay for the Ministry of Information and Broadcasting for 2023-24 as against Rs 4,182 crore in the revised estimates for the last fiscal. The allocation to the government's autonomous body, Prasar Bharati, has been increased to Rs 2,808.36 crore from Rs 2,764.51 crore allotted to it in the last fiscal. Sitharaman has allocated Rs 600 crore to the Broadcasting and Infrastructure Network Development scheme, which seeks to augment the broadcasting infrastructure, particularly in remote areas. The Film and Television Institute of India (FTII) in Pune, an autonomous body under the ministry, has received Rs 64.75 crore in the budget as against Rs 68.53 crore in the revised estimates last fiscal. The Satyajit Ray Film and Television Institute (SRFTI) in Kolkata has received Rs 95.13 crore in the budget as against Rs 60.1 crore in the previous fiscal. The National Film Development Corporation (NFDC) has ..

Union Budget 2023-24 ready reckoner: A fiscally prudent approach

The Centre stuck with fiscal prudence, project­ing a decline in fiscal deficit to 5.9 per cent of GDP in FY24

Budget LIVE: Rs 35,000 cr for net-zero carbon emission goals, says FM

Finance Minister Nirmala Sitharaman presented the last full Budget of the Modi government before general elections 2024 on February 1. Catch all latest updates on Union Budget 2023-24 here

Budget 2023 gets mixed reactions from politicians and industry experts

Finance Minister Nirmala Sitharaman presented her 5th Budget on Feb 1, 2023. Here's what different political leaders and industry experts think of Budget 2023

Health and employment: Union Budget's skilling push for job-ready youth

STEPPING UP: PMKVY 4.0, Unified Skill India Platform and stipend for apprentices

President's address vs Budget: Housing, free foodgrain, Railways, and more

What did the President say in her Budget session address vs what did the Budget have?

The Budget as a new credibility asset

The Budget reflects a solid continuity and even reinforcement of the development orientations and objectives pursued by the PM over quite a few years now

Union Budget 2023: Big boost for affordable housing under PM Awas Yojana

Experts and key players hail announcements but lament that many of their other expectations remained unfulfilled

Union Budget 2023: Kiren Rijiju hails outlay of Rs 7,000 crore for e-courts

Rijiju has termed the allocation as "unprecedented", which will create paperless courts for faster delivery of justice

Budget 2023: Govt allocates nearly Rs 12,544 crore to Department of Space

Finance Minister Nirmala Sitharaman on Wednesday allocated nearly Rs 12,544 crore to the Department of Space as India plans a human spaceflight - Gaganyaan - next year and sets out to explore the moon and neighbouring planets. The allocation is about 8 per cent lower than the Budget Estimate of Rs 13,700 crore for 2022-23, which was slashed to Rs 10,530.04 crore in the Revised Estimate. The largest chunk of the allocation -- to the tune of Rs 11,669.41 crore -- has gone to central sector schemes or projects such as the human spaceflight centre and various institutions of the department that deal with launch vehicle and satellite projects, including developmental and operational initiatives. Indian National Space Promotion and Authorisation Centre (IN-Space), the government's single-window body to deal with the private sector, received Rs 95 crore allocation against Rs 21 crore in the Revised Estimate. A large portion of the allocation, Rs 53 crore, has been earmarked for capital ..

Budget 2023: GIFT City gets a big boost as govt announces several sops

The Budget provided acquisition financing by units of foreign banks set up at the IFSC-a move that will bring down the cost of financing for outbound mergers and acquisitions (M&A)

Budget lays roadmap to train lakhs of youth in the next three years: FM

India's digital ecosystem for skilling will be further expanded with the launch of a unified Skill India Digital platform, Finance Minister Nirmala Sitharaman announced on Wednesday, with the Budget laying the roadmap to train lakhs of youth in the next three years. Presenting the Union Budget for 2023-24, Sitharaman said stipend support will be provided to 47 lakh youth in three years via direct benefit transfer through roll out of a pan-India National Apprenticeship Promotion Scheme. "Pradhan Mantri Kaushal Vikas Yojana 4.0 will be launched to skill lakhs of youth within the next three years. On-job training, industry partnership, and alignment of courses with needs of industry will be emphasized," the Finance Minister stated. She shared that the scheme will also cover new age courses for Industry 4.0 like coding, AI, robotics, mechatronics, IOT, 3D printing, drones, and soft skills. Moreover, to skill youth for international opportunities, 30 Skill India International Centres wi

Union Budget 2023 gives EVs a big charge; boosts vehicle scrappage

Centre and states to provide 25% tax rebate on road tax for vehicles purchased to replace scrapped ones

India earmarks $3.7 billion for state oil companies' energy transition

"This Budget builds on our focus on green growth," finance minister Nirmala Sitharaman said in her budget speech

Budget: FM proposes case management system to reduce litigation by I-T dept

In a bid to lessen litigation in tax disputes, Finance Minister Nirmala Sitharaman on Wednesday proposed a case management system where the Income Tax department would defer filing a lawsuit if an identical question of law is pending adjudication in high courts or the Supreme Court. Presenting the Union Budget for 2023-24 in the Lok Sabha, Sitharaman said a lot of time and resources are consumed in filing appeals involving identical legal issues pertaining to income tax. "Taking forward our policy of sound litigation management, I propose to provide that if a question of law in the case of an assessee is identical to a question of law which is pending in appeal before the jurisdictional high court or the Supreme Court, the filing of a further appeal in the case of this assessee by the department shall be deferred till such a question of law is decided by the jurisdictional high court or the Supreme Court," the minister said in her budget speech. She said litigation management is ...

Budget 2023: What is 'Amrit Kaal' mentioned by FM Sitharaman in her speech?

The Bharatiya Janata Party (BJP) government has increased its emphasis on 'Amrit Kaal' and said that the coming period would be very prosperous for India with economic growth and social justice

Union Budget 2023: SCSS, MIP investment limit doubled, new scheme for women

Mahila Samman Saving Certificate to be available for two years till March 2025, offers 7.5% return, with provision for partial withdrawal