Page 70 - Union Budget

Union Budget likely to test govt's fiscal resolve ahead of 2024 elections

A review of budgets since Modi came to power shows he's been chipping away at subsidies, barring the pandemic years when assistance saw an increase

When the middle class takes centre stage

While the tax slabs may be reasonable, many exemptions have become anachronisms - they don't reflect the reality when we take into consideration the cost of inflation

60% households expect dip in earning, seek relief in Budget 2023: Survey

More than half of households in a survey conducted online across 309 districts expect a decline in their income by up to 25 per cent and dip in savings, and are looking for relief in the coming budget, online platform LocalCircles said on Sunday. The survey, conducted between November 25 and January 25, found that with job losses and hiring sentiment turning negative, 52 per cent respondents feel that the economic uncertainty will persist for the next 6-12 months. LocalCircles claimed that 37,000 responses were received from household consumers across 309 districts of India, comprising 64 per cent men, 36 per cent women from tier 1, tier 2 and smaller towns as well. "Our survey indicates that majority households in the country are facing the squeeze and in community discussions thousands of inputs were received by LocalCircles about lowering income tax rates or increasing deductions and exemptions," LocalCircles founder Sachin Taparia said. The number of responses on each question

Focus mustn't waver, we must continue to invest in health: K Srinath Reddy

We have to create a multi-layered, multi-skilled health workforce. This is good even from the point of view of employment generation, says PHFI founder

Statsguru: Six charts show average variation in the Budget estimates

In the ten years between 2012-13 and 2021-22, the government has been able to meet its Budget Estimate (BE) only four times

PM Modi chairs meeting of Council of Ministers ahead of Budget 2023-24

Ahead of the Union Budget, Prime Minister Narendra Modi on Sunday chaired a meeting of the Union Council of Ministers here. The Union Budget, which will be presented in Parliament on February 1, will be the last full-fledged budget of the Modi government before the 2024 general elections. The meeting, the first to be held for the Union Council of Ministers in 2023, started around 10 am and is expected to conclude in the evening. Sources said working of several ministries and policy initiatives taken by the Narendra Modi government will be reviewed and discussed. This comes amid a buzz of a cabinet reshuffle and also ahead of the assembly polls in nine states this year.

Rail Budget FY24: Focus on incomplete projects, big push for Make in India

The Modi government is working on increasing the railway budget by 20-25 per cent to strengthen the infrastructure of the entire railway system

Budget 2023: Govt should focus on broadening domestic economy, say experts

Clean energy is a key today and expanding use of Natural Gas via City Gas Distribution (CGD) will contribute to the efforts

Budget 2023: Govt likely to avoid populist measures; tax tweaks possible

FM Sitharaman is unlikely to tinker much with tax rates, yet will also steer clear of populist measures, according to economists surveyed

Budget 2023-24: T V Somanathan to Ajay Seth, meet the FM's crack squad

The Modi government will present its last full Budget on February 1 as the 2024 Budget will be a vote on account because the nation will be heading for the hustings from April next year

Edtechs' Budget wishlist: Lower taxes, higher funding, greater incentives

Struggling with drying investment, dealing with cost cutting, the sector hopes Budget eases the pain

Stocks slide in volatile trading in run-up to Budget, Fed Reserve meet

Nifty50 down 1.3%; Bank Nifty slips 2.5%; FPIs withdraw Rs 2,394 cr

Budget 2023-24: Manufacturing sector eyes revised taxations, new PLIs

Manufacturing sector contributes 15% to India's GDP and hence the expectation of experts are high from the government

Parliament's Budget session to begin Jan 31; Here's what you need to know

At this session, with 27 sittings spread over 66 days, the Parliament discusses and approves the proposed annual budget

Union Budget 2023 likely to focus on deficit reduction, say experts

As India faces weakening demand for its exports from the slowing economies of trading partners, its own growth is still recovering from the damage of pandemic controls

Centre expected to introduce new income tax slabs in Budget 2023: Report

Currently, there are six slabs in the new personal income-tax regime, starting with the Rs 2.5-5 lakh income bracket taxed at 5 per cent

Budget 2023: Here's all you need to know about gender budgeting in India

Business Standard tries to demystify gender budgeting, its history, and the road ahead

What the Budget should explain

FM's speech must highlight its impact on money supply, demand and investment- factors that influence inflation and growth

Defence Budget and its discontents

Allocations made for capital expenditure must increase if India is to keep pace with China's rising military might

Need to create specialised SME digital bank: Co-founder of Biz2Credit

Ahead of the Union Budget, Rohit Arora, CEO and Co-Founder of Biz2X, has suggested the government needs to come out with a specialised SME digital bank to cater to the funding needs of small businesses. Finance Minister Nirmala Sitharaman will present the last full Budget before the 2024 general elections in the Lok Sabha on February 1, wherein she is expected to announce slew of measures to boost economic growth. Arora said that small and medium businesses perennially face credit shortage and it is time that the government should come out with a specialised bank to cater their requirements. "SME digital bank can provide a bouquet of services to MSMEs, such as business CASA accounts for transaction banking, invoice and payments processing, correspondent banking, SME credit and trade finance, and other business financial services," he said. Biz2X is a turnkey global SaaS platform that enables financial institutions to provide a customised online lending experience for their small an