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Union Budget

Union budget prudently manages fiscal consolidation and growth objectives: RBI paper

Union budget prudently manages fiscal consolidation and growth ob...

Wed, Feb 19, 2025

The Union Budget presented by Finance Minister Nirmala Sitharaman "prudently manages" fiscal consolidation and growth objectives, an article by Reserve Bank staffers said on Wednesday.

Part shifting of customs duty to AIDC to have marginal impact on state transfers: CBIC Chairman

Part shifting of customs duty to AIDC to have marginal impact on...

Thu, Feb 06, 2025

Finance Minister Nirmala Sitharaman removed seven tariff rates in the 2025-26 Budget. This is over and above the seven tariff rates removed in the 2023-24 Budget.

Tax cuts to spur discretionary consumption especially among salaried people: Report

Tax cuts to spur discretionary consumption especially among salar...

Tue, Feb 04, 2025

The Budget has focused on reviving consumption by increasing the income threshold and relaxing the tax slabs.

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Union Budget 2024: A Peek Behind The Preparation Of Union Budget

Union Budget 2024: A Peek Behind The Preparation Of Union Budget

Fri, Dec 15, 2023

Explore the intricate preparations behind the Union Budget – from data collection to stakeholder consultations. Gain a comprehensive understanding of the meticulous steps involved in shaping India's financial roadmap.

Budget: What will become cheaper and what costlier this time around?

Budget: What will become cheaper and what costlier this time arou...

Fri, Dec 15, 2023

A Budget typically renders a bunch of goods and services dearer and others cheaper. Every year, all eyes are on the Finance Minister's Budget speech in Parliament to gauge the possible impact of proposals on the prices of goods and services.

Final Trade: Sensex and Nifty closed down, selling in the market for the second consecutive day

Final Trade: Sensex and Nifty closed down, selling in the market...

Wed, Nov 01, 2023

Stock Market: The stock market closed falling for the second consecutive day on Wednesday. Major indices fell into the red. BSE Sensex slipped 283 points to 63,591. Similarly, Nifty also closed 90 points down at 18,989.

Finance Minister Sitharaman reviews progress of implementation of budget schemes

Finance Minister Sitharaman reviews progress of implementation of...

Tue, Jul 04, 2023

Finance Minister Nirmala Sitharaman on Tuesday reviewed progress of implementation of Budget schemes with secretaries of finance ministry and Corporate Affairs Secretary.

New TCS on Foreign Remittances: Explaining the Impact and Guidelines

New TCS on Foreign Remittances: Explaining the Impact and Guideli...

Thu, Jun 08, 2023

Understand the new TCS rate, exemptions, and guidelines for foreign remittances as per the 2023 Union Budget.

Pro-poor and for common man: Finance Minister explains Budget 2023 focusses on job creation, small business and gives income tax relief

Pro-poor and for common man: Finance Minister explains Budget 202...

Fri, Feb 10, 2023

Budget 2023: Finance Minister Nirmala Sitharaman defended this year's Union Budget presented by her on February 1 as being pro-poor and for the common man.

Foreign investors register worst outflow in 7 months at Rs 28,852 cr in January 2023 – what lead his drag?

Foreign investors register worst outflow in 7 months at Rs 28,852...

Sun, Feb 05, 2023

FPI flows are expected to remain volatile as Indian equities continued their large underperformance compared to global markets, Shrikant Chouhan, Head of Equity Research(Retail), Kotak Securities, said.

Budget 2023: Electronic components industry body demands extension of duty concession on camera lens to other segments

Budget 2023: Electronic components industry body demands extensio...

Thu, Feb 02, 2023

Budget 2023: The finance minister also announced a reduction of customs duty on parts of open cells of TV panels to 2.5 per cent from 5 per cent earlier.

Union Budget 2023: CBDT and CBIC chairman on Income Tax Slabs and GST collection

Union Budget 2023: CBDT and CBIC chairman on Income Tax Slabs and...

Thu, Feb 02, 2023

Nitin Gupta, Chairperson, CBDT and Vivek Johri Chairman, CBIC talks about the changes in the tax slabs, how the restructuring of tax regimes can benefit the masses, and the impact of inflation on GST collection.

Budget proposes 30% TDS on net winnings in online games, removes threshold for TDS levy

Budget proposes 30% TDS on net winnings in online games, removes...

Wed, Feb 01, 2023

The Budget 2023-24 proposed to introduce two new provisions for TDS on online gaming -- levy of 30 per cent on payment of net winnings in a financial year and removal of the current Rs 10,000 threshold for the levy of TDS.

Budget announces host of measures to enhance business in IFSC

Budget announces host of measures to enhance business in IFSC

Wed, Feb 01, 2023

IFSCA was established in April last year under the International Financial Services Centres Authority Act, 2019. It is headquartered at GIFT City, Gandhinagar.

Corp Affairs Ministry gets Rs 756 crore budgetary allocation

Corp Affairs Ministry gets Rs 756 crore budgetary allocation

Wed, Feb 01, 2023

In 2022-23, the total allocation was initially at Rs 733.02 crore, and the same was sharply revised to Rs 630.36 crore, according to the Union Budget 2023-24 presented in Parliament on Wednesday.

Budget 2023: Rs 1.23 lakh crore allocated for postal, telecom projects

Budget 2023: Rs 1.23 lakh crore allocated for postal, telecom pro...

Wed, Feb 01, 2023

Total allocation includes Rs 97,579.05 crore for the Department of Telecom and Rs 25,814 crore for Postal projects, the Budget document presented by Finance Minister Nirmala Sitharaman said on Wednesday.

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 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 cham...

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.

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...

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.

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

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

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.

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

Union Budget 2023-2024: Read full text of FM Nirmala Sitharaman s...

Wed, Feb 01, 2023

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

Budget: Govt to cut import duty on raw material for lab-grown diamonds

Budget: Govt to cut import duty on raw material for lab-grown dia...

Wed, Feb 01, 2023

In her budget speech, Finance Minister Nirmala Sitharaman said that India is a global leader in the cutting and polishing of natural diamonds, contributing about three-fourths of the global turnover by value.

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