Page 61 - Union Budget

Budget's provisions for development of clean energy to benefit U'khand: CM

He said that the budget, under the guidance of Prime Minister Narendra Modi, has been prepared with the concept of overall development of the country

Budget laid foundation to make India developed nation in next 25 yr: RS MP

Rajya Sabha member G.V.L. Narasimha Rao on Sunday said that the Union Budget laid the foundation to make India a developed nation in the next 25 years

'Union Budget laid foundation to make India developed nation in next 25 yr'

Rajya Sabha member GVL Narasimha Rao on Sunday said that the Union Budget laid the foundation to make India a developed nation in the next 25 years

Budget paid special attention to middle class, poor, farmers: Sushil Modi

BJP Rajya Sabha MP Sushil Modi Sunday said the Union Budget has paid special attention to the middle class, the poor, farmers, self-reliant youth and tribes. Today, India, with foreign exchange of Rs 563 lakh crore, has become the fifth largest economy in the world, he told reporters at a press conference here. About the Centre's decision to celebrate 2023 as the "International Year of Millets", the former deputy chief minister of Bihar said the grain will not only become a source of nutrition for the people but also increase employment opportunities as well as exports. The aim of celebrating 2023 as the "International Year of Millets" is to make it a people's movement so that Indian millets, recipes and value-added products are promoted globally. Recounting the benefits of several Centre-run schemes, Sushil Modi said that more than 3 crore homeless people in the country have been provided housing facilities and 47 crore got support through Jan Dhan account, which is commendable an

Budget will pave way for building a developed India: Ravi Shankar Prasad

Senior BJP leader Ravi Shankar Prasad on Sunday said the Union Budget for 2023-24 will pave the way for the welfare of the poor and farmers and building a developed India. Uttarakhand will especially benefit from schemes such as Shri Anna Yojana and the provisions made in the budget for agriculture, tourism and infrastructure, Prasad said at a press conference here as part of the BJP's countrywide discussion on the Union Budget. "The Union Budget is in the interest of the people of the country. A roadmap for the development of the poor, farmers, youth and women is at the core of the budget for 2023-24," Prasad said. Finance Minister Nirmala Sitharaman presented the Union Budget for 2023-24 in Parliament on February 1. Prasad said at a time when the entire world is suffering the impact of the Russia-Ukraine war, India is touching new heights of development. The International Monetary Fund (IMF) has predicted India's GDP is to grow at a rate 6.8 per cent. It shows India is a shining

Proposed National Research Foundation gets Rs 2,000 crore in Budget

The allocation of Rs 2,000 crore in the Union Budget for the proposed National Research Foundation, a new funding agency to bolster India's research competence, has raised expectations among various quarters for it to take wings soon. Union Finance Minister Nirmala Sitharaman announced the allocation to National Research Foundation (NRF) as a component of the Department of Science and Technology (DST), and not as an agency independent of the government. However, government officials pointed out that the allocations to the NRF were earmarked in the outlay for the DST as the funding agency was yet to receive approval from the Union Cabinet. "It is a new scheme of the government to fund cutting-edge science, especially for the state universities," DST Secretary Srivari Chandrasekhar told PTI. The Union Cabinet was expected to approve the proposal of setting up NRF very soon, he said. Chandrasekhar said the initiative to set up the NRF was driven by the Office of the Principal Scienti

From savings to spending: What new IT rules tell us about govt's intentions

The new IT regime will be the default one but those tax payers wanting to continue with the old one can still do so

Union Budget gives larger wings to regional connectivity scheme UDAN

'Fifty additional airports, heliports, water aerodromes and advanced landing grounds will be revived for improving regional air connectivity'

FM's bullishness on millets in Budget must translate as benefits to farmers

Hailed as a progressive and forward-looking one by the IT and technology honchos, the Union Budget 2023-24 did fall short on some expectations by the industry

Sitharaman to begin post-budget outreach in Mumbai, meet business leaders

Finance Minister will travel to more cities, explain what the budget contains for various stakeholders

Highest-ever sports budget in 2023-24, but where would it go exactly?

Understanding the sectoral payouts of sports budget would give a broader understanding of where exactly the money is going to be spent

Why Sitharaman called millets 'Shree Anna' - the mother of all grains

Rendered 'orphan crops' post the Green Revolution, these healthy grains have got renewed push

Budget 2023: What does the announcement related to P-notes indicate?

Clearly, the govt is worried about inflows in 2022 because of the global economic uncertainty and has decided to encourage inflows via any means possible, PNs included

Budget 2023: Finance Minister to brief all BJP MPs in Parliament today

Union Finance Minister Nirmala Sitharaman will on Friday brief all BJP MPs on the Union Budget in Parliament

Budget 2023: New tax regime (II) can help you save more in taxes

But high-income individuals who avail of a variety of deductions will still prefer the old regime

Several initial hiccups at GIFT City are behind us, says Injeti Srinivas

"Government had been doing a lot on the tax regime. They have now focused more on ease of doing business and opening up some businesses and stopping you from exporting your capital market"

Budget 2023: P-notes, SGX Nifty trading at GIFT City likely to get a boost

Experts said p-notes issued at GIFT would not boost flows into the onshore markets in a big way but would be used for securities traded at the IFSC

Budget 2023: Tax on high-premium policy may hit life insurers' top line

The stocks of life insurance companies reacted sharply to the announcement of the finance minister on Wednesday, with most scrip witnessing around 10 per cent fall in a day

Capex proposals from states may come early in FY24: FM Sitharaman

The 50 year interest free capex loans worth Rs 1.3 trillion are part of the Centre's FY24 capex budget of Rs 10 trillion

Budget 2023-24: Online gaming companies welcome clarity on taxation

The Finance Bill has made a critical distinction between games of skill and games of chance, classifying them into separate sections