Page 98 - Nirmala Sitharaman

Borrowing limit: Kerala FM says Centre has adopted "wrong policy"

Kerala Finance Minister K N Balagopal on Thursday said the Centre's imposition of cuts in the borrowing limit of the states would adversely impact the southern state's economy, which is yet to completely recover from the challenges due to the COVID-19 pandemic and back-to-back natural disasters. The BJP-led union government adopted a "wrong policy" to reduce the state's borrowing capacity after including the loans taken by the special purpose vehicles like Kerala Infrastructure Investment Fund Board and Kerala Social Security Pension Limited within the state government's overall borrowing limit, he told the state Assembly. "The cutting down of the borrowing capacity of states to three per cent from the previous five per cent will adversely impact the state's economy," Balagopal said during Question Hour. Despite repeated requests to restore the previous borrowing limit of the states and to avoid the inclusion of the loans taken by the KIIFB and KSSPL in the state's overall borrowing

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

Rebates to slabs: Budget's key changes in Income Tax regime explained

This move indicates that the old regime will slowly be wound up

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

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

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

Union Budget provides roadmap for stability growth and development: USISPF

The Union Budget presented by Finance Minister Nirmala Sitharaman provides a roadmap for stability, growth and development, the head of an American non-profit business advocacy and strategic partnership group that is centred towards India said Wednesday. Mukesh Aghi, President and CEO of US India Strategic and Partnership Forum (USISPF) also said that the budget took into consideration the needs of all sectors of the economy, reflecting the Indian Government's commitment towards a prosperous and inclusive India. India's Union Budget 2023-24 provides a roadmap for stability, growth and development. The 7 priorities and the economic agenda paves way for India @100 giving a strong impetus to growth, job creation and stabilizing the macro economy amidst global headwinds," said Aghi. "The Union Budget 2023 has taken into consideration the needs of all sectors of the economy, reflecting the Indian Government's commitment towards a prosperous and inclusive India. Increased government ...

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

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

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

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

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

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

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 credible effort

The Budget makes all the right noises and avoids the temptation to be populist