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Budget 2023

Budget 2024: Welfare of poor, women, youth, farmers government highest priority

Budget 2024: Welfare of poor, women, youth, farmers government highest priority

Thu, Feb 01, 2024

Their empowerment and wellbeing will drive the country forward," the finance minister said in her pre-election budget.

Budget 2024: Nirmala Sitharaman Sets Record with Sixth Consecutive Budget

Budget 2024: Nirmala Sitharaman Sets Record with Sixth Consecutive Budget

Wed, Jan 31, 2024

Budget 2024: Union Finance Minister Nirmala Sitharaman is poised to make history by presenting her sixth consecutive budget on February 1, equalling the record set by former Prime Minister Morarji Desai. Since July 2019, Sitharaman has presented five full budgets, making her the first full-time woman finance minister of India.

Budget 2024: ASSOCHAM Chairman Foresees Health and Education Initiatives in Interim Budget

Budget 2024: ASSOCHAM Chairman Foresees Health and Education Initiatives in Interim Budget

Tue, Jan 30, 2024

Budget 2024: Manguirish Pai Raiker, Chairman of ASSOCHAM's National Council for MSMEs, anticipates government initiatives focusing on health and education in the upcoming interim budget. He highlights the government's efforts to enhance business growth, promote spiritual tourism, and attract investments in India.

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No separate mention of disinvestment proceeds in Budget 2023-24

No separate mention of disinvestment proceeds in Budget 2023-24

Wed, Feb 01, 2023

As per the 2023-24 Budget document, the revised estimate for miscellaneous capital receipts for the current fiscal has been pegged at Rs 60,000 crore, lower than the Rs 65,000 crore projected in Budget estimates for 2022-23.

Budget 2023: Govt's mega push for MSME, announces revamped credit guarantee scheme worth Rs 9,000 crore

Budget 2023: Govt's mega push for MSME, announces revamped credit guarantee scheme worth Rs 9,000 crore

Wed, Feb 01, 2023

The government has implemented a number of reforms aimed at boosting MSMEs' growth in India while also improving their international competitiveness.

Budget 2023: Delhi got only Rs 325 crore despite paying more than Rs 1.75 lakh crore income tax, says Arvind Kejriwal

Budget 2023: Delhi got only Rs 325 crore despite paying more than Rs 1.75 lakh crore income tax, says Arvind Kejriwal

Wed, Feb 01, 2023

Budget 2023: Delhi Chief Minister Arvind Kejriwal on Wednesday said despite paying more than Rs 1.75 lakh crore income tax last year, the city was allocated only Rs 325 crore in the Union Budget 2023-24.

Budget 2023: FM proposes system to lessen litigation by Income Tax department

Budget 2023: FM proposes system to lessen litigation by Income Tax department

Wed, Feb 01, 2023

Budget 2023: The finance minister said the mechanism to defer the filing of a case in a tax dispute till a constitutional court decides the common legal question would "greatly help in reducing the repeated litigation between taxpayers and the department".

Budget 2023: 66% hike in Pradhan Mantri Aawas Yojana outlay to Rs 79,000 crore, move likely to benefit lakhs of home buyers - Here's what experts say

Budget 2023: 66% hike in Pradhan Mantri Aawas Yojana outlay to Rs 79,000 crore, move likely to benefit lakhs of home buyers - Here's what experts say

Wed, Feb 01, 2023

The incentives have indeed been offered to enhance the affordable housing portion, there needs to be a reduction in the price of land, development premium costs, and tax deductions.

Budget 2023: FM Sitharaman proposes 'risk-based' KYC instead of current 'one size fits all' approach

Budget 2023: FM Sitharaman proposes 'risk-based' KYC instead of current 'one size fits all' approach

Wed, Feb 01, 2023

Budget 2023: The government on Wednesday proposed to simplify the KYC procedure by adopting a 'risk-based' rather than the 'one size fits all' approach currently in practice.

Budget 2023: Total investment by power PSUs to rise nearly 15 pc to Rs 60,805 cr in FY24

Budget 2023: Total investment by power PSUs to rise nearly 15 pc to Rs 60,805 cr in FY24

Wed, Feb 01, 2023

Budget 2023: According to the budget document presented in Parliament on Wednesday, hydro power giant NHPC Ltd - the public sector undertaking (PSU) under the administrative control of the Ministry of Power - witnessed the highest increase to Rs 10,857.22 crore in 2023-24, from the revised estimate of Rs 7,128.95 crore for 2022-23. It was budgeted at Rs 7,361.05 crore for this fiscal.

Budget 2023: Govt reduces customs duty on import of inputs used in mobile phones

Budget 2023: Govt reduces customs duty on import of inputs used in mobile phones

Wed, Feb 01, 2023

Budget 2023: Finance minister Nirmala Sitharaman also extend the customs duty exemption to import of capital goods and machinery required for manufacture of lithium-ion cells for batteries used in electric vehicles.

Budget 2023: Maturity proceeds of life insurance policies with annual premium of over Rs 5 lakh to be taxed: FM

Budget 2023: Maturity proceeds of life insurance policies with annual premium of over Rs 5 lakh to be taxed: FM

Wed, Feb 01, 2023

Budget 2023: Finance Minister Nirmala Sitharaman in the Union Budget proposed "to provide that where aggregate of premium for life insurance policies (other than ULIP) issued on or after April 1, 2023, is above Rs 5 lakh, income from only those policies with aggregate premium up to Rs 5 lakh shall be exempt".

Budget 2023 with vision puts India on the path to be a world champ: India Inc leaders

Budget 2023 with vision puts India on the path to be a world champ: India Inc leaders

Wed, Feb 01, 2023

"Budget with vision, structure, discipline. Immediate benefits to all individual earners. Continues measured path of fiscal consolidation," said Uday Kotak, CEO of Kotak Mahindra Bank.

Budget 2023: Fully imported cars, including EVs, to cost more

Budget 2023: Fully imported cars, including EVs, to cost more

Wed, Feb 01, 2023

Customs duty on vehicles in completely built units (CBUs) costing less than USD 40,000 or with engine capacity less than 3,000 cc for petrol-run vehicles and less than 2,500 cc for diesel-run vehicles has been raised from 60 per cent to 70 per cent, as per the Budget document.

New Income Tax slabs announced for 2023-24 in Budget

New Income Tax slabs announced for 2023-24 in Budget

Wed, Feb 01, 2023

Budget 2023: The number of tax slabs have been reduced from 7 to 5 and the tax exemption limit is increased to Rs 3 lakh.

Budget 2023: Food, fertiliser, petroleum subsidies up 17% to Rs 5.21 lakh crore this fiscal; to fall 28% in FY24

Budget 2023: Food, fertiliser, petroleum subsidies up 17% to Rs 5.21 lakh crore this fiscal; to fall 28% in FY24

Wed, Feb 01, 2023

According to the Budget document, the government has pegged total subsidies on food, fertilisers and petroleum at Rs 5,21,584.71 crore in its revised estimate (RE) for 2022-23, as against the actual budget of Rs 4,46,149.24 crore in last fiscal year.

Budget 2023: First budget of 'Amrit Kaal' lays foundation for developed India, says PM Modi

Budget 2023: First budget of 'Amrit Kaal' lays foundation for developed India, says PM Modi

Wed, Feb 01, 2023

In his first reaction to the Budget presented by Finance Minister Nirmala Sitharaman, he said that the first budget of the 'Amrit Kaal' provides foundation to fulfil the resolve for a developed India while giving priority to deprived sections of the society as well

Budget 2023: 24 big announcements by FM Nirmala Sitharaman

Budget 2023: 24 big announcements by FM Nirmala Sitharaman

Wed, Feb 01, 2023

Budget 2023: Nirmala Sitharaman made several announcements in the Union Budget 2023-2024 on Wednesday.

Union Budget: Download Budget 2023-24 PDF Document - Step-by-step guide

Union Budget: Download Budget 2023-24 PDF Document - Step-by-step guide

Wed, Feb 01, 2023

Download Budget 2023-24 PDF Document: Post the budget presentation, the full text of the speech is now available for the general public. Anyone can download the PDF version of the speech by visiting the official website - www.indiabudget.gov.in.

Budget 2023: Viability Gap Funding, custom duty exemption a positive for electric vehicle segment, says industry

Budget 2023: Viability Gap Funding, custom duty exemption a positive for electric vehicle segment, says industry

Wed, Feb 01, 2023

Viability gap funding for battery energy storage systems is also likely to create critical infrastructure, while custom duty reduction on capital goods for Lithium batteries manufacturing will facilitate faster adoption of EVs, Banwari Lal Sharma, CEO Consumer Business, CarTrade Tech said

Union Budget 2023-2024: Read full text of FM Nirmala Sitharaman speech here

Union Budget 2023-2024: Read full text of FM Nirmala Sitharaman speech here

Wed, Feb 01, 2023

Hon’ble Speaker, I present the Budget for 2023-24. This is the first Budget in Amrit Kaal. Introduction

Budget 2023: Rs 5.94 lakh crore allocated to Defence Ministry

Budget 2023: Rs 5.94 lakh crore allocated to Defence Ministry

Wed, Feb 01, 2023

Budget 2023: For the defence sector, the budget was increased to Rs 5.94 lakh crore for 2023-24 from last year's allocation of Rs 5.25 lakh crore.

Budget 2023: Govt to borrow record Rs 15.4 lakh crore in FY24 to bridge revenue gap

Budget 2023: Govt to borrow record Rs 15.4 lakh crore in FY24 to bridge revenue gap

Wed, Feb 01, 2023

Budget 2023: The government plans to borrow a record Rs 15.4 lakh crore from dated securities in FY24 to meet its expenditure requirement to prop up the economy. This is higher than the total borrowing of Rs 14.21 lakh crore for the current financial year ending March 31, 2023.

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