Page 69 - Union Budget

Understanding budget receipts and the role they play in govt finances

Capital receipts are non-recurring and either create a liability for the govt or deplete its assets; revenue receipts are recurring and do not entail any risk for the govt

Budget likely to push spending to support growth, while lowering deficit

Although the government faces elections in key states this year and a national vote in 2024, the budget is unlikely to offer major relief to households due to fiscal constraints

FM to present Union Budget 2023-24 today; last full budget of Modi govt 2.0

Union Finance Minister Nirmala Sitharaman will present the Union Budget 2023-24 in Parliament today, the last full Budget of the Modi government in its second term

Nothing on unemployment: Adhir Chowdhury on Murmu's address in parliament

'There are plenty of issues facing our country today and we will raise them all in Parliament, one after the other. There was no mention of unemployment in the President's address'

Eco Survey projects FY24 GDP growth at 6-6.8%, sees investments picking up

Commodity prices will raise total import bill and add to unfavourable developments in current account balance, it says

Eco Survey is assuring; believes we have completely regained lost ground

The Economic Survey 2023-24 is assuring and it affirms that we have completely regained lost ground, says Madan Sabnavis

Latest LIVE: 12 dead in massive fire at multi-storey building in Dhanbad

Catch all the latest Budget 2023-24 news and updates here

Budget measures key trigger for consumer durable firms battling high prices

Any proposal to boost manufacturing, demand would help sector and listed companies

State budgets are spending more, putting in more money for development

Centre's expenditure on non-development categories like salaries, pensions payments has increased

India's nominal GDP to reach $3.5-trn mark by March-end: Economic Survey

India has already become the world's fifth largest economy in the 75th year of Independence and will reach the USD 3.5 trillion mark by end-March, said the Economic Survey tabled in Parliament on Tuesday. In real terms, the economy is expected to grow at 7 per cent for the year ending March 2023. This follows an 8.7 per cent growth in the previous financial year. "For India, 2022 was special. It marked the 75th year of India's Independence. India became the world's fifth largest economy, measured in current dollars. Come March, the nominal GDP of India will be around USD 3.5 trillion," the Survey said. India's economy crossed the USD 3 trillion mark last year. It further said the fundamentals of the Indian economy are sound as it enters its Amrit Kaal, the 25-year journey towards its centenary as a modern, independent nation. "It is befitting that during India's Amrit Kaal, it assumed the Presidency of G-20 nations in December 2022," the survey said. Global problems need global .

Ahead of budget, 13 states raise Rs 25,800 cr in debt capital from markets

In the second-highest auction so far in FY23, 13 states raised Rs 25,800 crore in debt capital from markets on Tuesday, paying a higher price as the cost rose by 4 basis points to 7.68 per cent. The latest auction is 9 per cent higher on-year basis but was 19 per cent lower than indicated for this week in the auction calendar, according to a note by Icra Ratings. The weighted average cut-off or the interest rate payable annually by the states, rose by a further 4 basis points to 7.68 per cent over the past auction, Icra Ratings chief economist and head of research & outreach Aditi Nayar said in the note. She said while the weighted average tenor rose to 15 years from 13, the yield curve was inverted at the longer-end. Accordingly, the spread between the 10-year state bonds also called state development loans and the benchmark G-sec (Government Securities) yield rose to 33 basis points from 30 basis points last week.

Innovation economy: How to realise India's techade

With techno-nationalism spurring significant policy decisions from the US to Australia on investments to reshape the global supply chains, the Budget announcements will be keenly watched

Eco survey 2023: Bright prospects under dark clouds with silver linings

The Economic Survey outlines the underlying framework of reforms in India centred on ease of doing business and ease of living

Sensex rises 445 pts from day's low to end flat; Adani FPO fully subscribed

CLOSING BELL: Broader markets, too, remained upbeat throughout the day as Nifty MidCap 100 and Nifty SmallCap 100 outperformed benchmark indices to close up to 2 per cent

Budget 2023: What is the Economic Survey? All you need to know about it

The Survey reviews the economic and financial trends in the nation over the past year and provides detailed data and analysis on all the major sectors of the economy

Tax cuts, factory incentives: Here's what to watch for in upcoming Budget

Finance Minister Nirmala Sitharaman may tweak income-tax slabs to provide relief to the nation's vast middle class and increase spend on the poor through programs such as rural jobs

FM should cut cess, taxes on fuels and surcharge on income tax: Chidambaram

Finance minister must find out answers as to why India Inc. is not investing, says Congress leader

Union Budget 2023: What health and nutrition sectors want this year

Here's what voices from healthcare & nutrition sector are expecting from Union Budget

All-party meet ahead of Budget session, opposition raises Adani issue

The government on Monday said it was willing to discuss every issue under rules during the Budget Session of Parliament and sought the support of the Opposition in running the proceedings smoothly. Briefing the media after an all-party meeting convened by the government ahead of the Budget Session beginning Tuesday, Parliamentary Affairs Minister Pralhad Joshi said the government was willing to discuss every issue in Parliament under rules. "We seek Opposition's cooperation" in running the House smoothly. At the meet, Aam Aadmi Party's Sanjay Singh, RJD's Manoj Jha, DMK, Left parties and others raise the Adani issue and sought discussion on it in Parliament during the session. The US-based short seller Hindenburg Research has accused the Adani Group of wrongdoing like stock manipulation. The company has dismissed the allegations as "nothing but a lie". The YSR Congress demanded a nationwide caste-based economic census at the meet. It is necessary to know the economic status of ...

All-party meeting ahead of Parliament's Budget Session to be held today

Union Parliamentary Affairs Minister Pralhad Joshi has convened the meeting which will be held at noon in Parliament Annexe Building