Page 60 - Union Budget

Budget has focused on providing last mile facilities to tribals: PM Modi

Addressing a post-budget webinar on 'Reaching the last mile', Modi said: "For the first time, the country is tapping the huge potential of the tribal society of our country at this scale

LPG cylinder refills by PMUY beneficiaries woefully inadequate, shows data

More than 95.8 million gas connections have been released under PMUY as of February 2, 2023, reveals data available on the official PMUY website

Open source-based platform for agri to be like UPI, says PM Modi

Says farm budget rose five times in nine years to over Rs 1.25 trillion

Annual agri-budget rose 5-fold to Rs 1.25 trn since 2014: PM Modi

India's agriculture sector's annual budget has increased five-fold to Rs 1.25 lakh crore since 2014, Prime Minister Narendra Modi said on Friday, as he stressed that his government is focusing on progress of the farm sector and working on mission mode to reduce import dependence of food items like edible oils. The Prime Minister was addressing a post-budget webinar on 'Agriculture and Cooperatives'. It is the second of a series of 12 post-budget webinars organized by the government to seek ideas and suggestions for the effective implementation of the initiatives announced in the Union Budget 2023. Modi also outlined the various steps announced in the budget to attract young talent in the sector, and expansion of the cooperative sector across the country. He stressed that various decisions are being continuously taken in the budget to promote the agricultural sector so that the nation becomes 'atmanirbhar' and the funds used for imports can reach farmers. Highlighting the importance

PM to address 12 webinars for effective execution of Budget initiatives

These webinars are being organised by various Ministries and departments to build on the "Saptarishi" priorities outlined in the Union Budget 2023-24

Long road to fiscal consolidation

Even though India needs large infrastructure investments, the government should have prioritised fiscal consolidation

Not REITs to riches for investors as the near-term headwinds blow

Budget proposals, delayed DESH Bill, hiring slowdown, and rising interest rates present a wall of short-term worry

Centre aims to mop up Rs 75,000 cr from senior citizen savings scheme

Not to overshoot FY24 net borrowing target of Rs 11.8 trillion

Budget slow on fiscal consolidation, ambitious on revenue target: S&P

According to the monthly Asia-Pacific Credit Focus, the govt will also look to cap subsidy expenditure in the upcoming year, against a surprise rise in FY23 owing to surging fertilizer and food prices

The life insurance sector's trouble with taxation on high-value policies

The imposition of a tax on high-value policies could hurt the growth rates of life insurers in the next fiscal year

Reliance Capital suitors likely to redraw offers after Budget tweak

The dispute is now pending at the National Company Law Appellate Tribunal (NCLAT)

MPC's 11.7% nominal GDP growth projection way higher than Budget estimate

If MPC's projections hold good, various figures in the Budget would change when the revised estimates are worked out

Growth, Budget and macro balances

The responsible revenue and expenditure projections are to be lauded, but efforts on trade and fiscal targets fall short

ED has done what voters couldn't; united the Opposition, says PM Modi

She guided millions of Indians; her presence as the head of the republic is historic and inspiring, said PM Modi in his reply to the motion of thanks on the President's address

MPC's optimistic growth outlook augurs well for credit demand

The MPC's optimistic growth outlook for H2 FY2024 augurs well for the credit demand for the banking sector as well as the lenders, said Karthik Srinivasan of Icra

Union Budget 2023: Growth-oriented with tax stability and rationalisation

Budget 2023 has maintained the status quo on tax policies with more thrust on certainty, which is a step in the right direction

20.7 mn households seek MGNREGA work in Jan, 2.26% less than in December

But it is about 9.7% more than the pre-pandemic month of Jan 2020; meanwhile, activists flay slashing of MGNREGS budget, say it will cause wage payment delays, suppress work demand

Supporting farm growth

Budget has enabling proposals

Signs of a weakening public sector

States may have got more through tax transfer, but the composition of the PSU capital outlay causes concern

Union Budget 2023: FinMin notifies refund of security deposits to MSMEs

In her budget speech, FM had proposed refund of 95% of amount forfeited on account of non-performance of contract due to Covid