Page 71 - Union Budget

Statsguru: States' finances are improving, debt likely to shoot up

When the Union government announced Budget for 2022-23, it had projected revenue to be 8.5% of GDP. A Business Standard analysis of latest report on state finances showed that states are catching up

Budget 2023: Railway Ministry sets in motion Rs 2-trillion budgetary push

Railways has also been focusing on building better domestic infrastructure for manufacturing trains

Budget session: President's address to be held in old Parliament building

The Budget Session of Parliament is likely to begin on January 31 and is expected to conclude on April 6 with a recess in between

Budget 2023: HR industry expects labour codes, focus on formal job creation

The Human Resource industry anticipates various measures from the upcoming Budget 2023, that will be beneficial for employees, the employment process, for job development and will address the skill-gap challenge in the country. The Indian economy is on the road to recovery after the Covid-19 pandemic significantly affected the country's economic growth. Industry players are hoping that the ensuing budget will provide a much-needed boost to the HR sector that will help the industry to get back on track. According to leading HR services provider Randstad India, the broad industry asks for the HR sector is the roll out of labour codes, focus on formal job creation, industry Status for Staffing Industry and enhancing skilling initiatives for the youth. It would help if the central and state governments set up help desks in the initial phases of rolling out the labour codes to ease the implementation by the industry, it said. "The union budget 2023 should aim at further enhancing the ..

Budget 2023: Centre likely to announce PLI scheme for more sectors

The government is likely to extend fiscal incentives for production of toys, bicycles and leather and footwear in the forthcoming budget as it looks to expand production linked incentive (PLI) scheme

Union Budget 2023: MSME sector seeks access to credit at affordable rates

PLI schemes, quick access to funding, and expansion of exports are some of the key areas that the sector is looking forward to

Railways earns Rs 191,162 cr revenue in FY23; Rs 41k cr more than last year

Ahead of the Union Budget, the Railways on Thursday said it has earned Rs 41,000 crore more in revenue so far in 2022-23 as compared to the same period in the previous fiscal.

Budget 2023 should create roadmap for sustainable growth: Logistics sector

Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget 2023-24 in the Lok Sabha on February 1

Budget 2023: International Road Federation seeks removal of GST on helmets

India accounts for about 11% of the road accident deaths worldwide and the two-wheeler riders, being most vulnerable, constitute almost 31.4 per cent of road accidental deaths

Union Budget 2023: Experts don't expect surprises in social sector outlay

While experts believe that provision for various social schemes may go up, the sector is unlikely to see any major announcements

Budget wishlist: Pharma, healthcare industries seek simplified regulations

Fortis Healthcare MD & CEO Ashutosh Raghuvanshi said increased policy support is required to encourage, facilitate medical value travel to India

Bullish trends dominant in run up month to Union Budget, shows report

With the Union Budget for 2023-24 just days away, there are chances that there could be volatility in the BSE benchmark, due to expectations of US Federal Reserve hiking rates

Union Budget 2023: Government bullish on monetisation of railways' assets

Under monetisation, the government does not sell assets, but leases them for a certain period for redevelopment and operations by a private entity, while continuing to retain their ownership

India Budget to balance capex, social agenda, says Nomura's Sonal Varma

"India will have the benefit of lower subsidy bills, helped by a fall in international fertilizer prices and a readjustment of the nation's free food program," she said

Centre planning rate changes in new income tax structure, says report

Individuals can currently decide which set of rates they want to be taxed under

Remove rule that calls for TDS on cash withdrawal: Banks in Budget wishlist

Tax is to be debited from the account of the customer and cannot be adjusted against the cash withdrawn

Union Budget 2023: Long-term capital gains tax likely to be rationalised

This tax was discontinued in 2005, but was reintroduced in 2018 in the Union Budget for that fiscal

Centre revises calendar, MoSPI to give GDP numbers post Budget in 2023

MoSPI to release first revised estimates of national income, consumption expenditure, saving, and capital formation of the previous fiscal year on the last day of February starting this year

Budget 2023: I belong to middle class, understand their pressures, says FM

Ahead of the Union Budget, Finance Minister Nirmala Sitharaman said on Sunday that she was aware of the pressures of the middle class but also recalled that the present government has not imposed any fresh taxes on them. Sitharaman will present Union Budget for 2023-24 in the Lok Sabha on February 1 amid expectations that the government will raise the income tax limit and provide relief to the middle class taxpayers, besides others. "I too belong to the middle class so I can understand the pressures of the middle class. I identify myself with the middle class so I know," she said while speaking at a function organised by the Panchjanya magazine, an RSS- associated weekly. In the same breath, the minister reminded the audience that the present Modi government has not imposed any fresh taxes on the middle class. Also, she added, income of up to Rs 5 lakh is exempt from the income tax. She said the government has taken various measures like developing the metro rail network in 27 cit

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