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Budget News

Union Budget 2023-24

Budget 2023-24: Jammu And Kashmir Gets Rs 35,581.44 Crore

According to the Budget papers, Rs 35,581.44 crore has been allocated to Jammu and Kashmir, of which Rs 33,923 crore is central assistance

01 February 2023

Union Budget 2023-24

Corporate Affairs Ministry Gets Rs 756 Crore Budgetary Allocation

The Budget documents showed that out of the total amount of Rs 756.19 crore for the next fiscal, Rs 714.19 crore will be from the revenue side and Rs 42 crore from the capital side for 2023-24

01 February 2023

Union Budget 2023-24

Budget 2023-24: Rs 1,258.68 Crore Earmarked For Union Cabinet, Ministers' Salaries, Travel, Sumptuary

The bulk of the allocation (Rs 832.81 crore) has been earmarked for the Council of Ministers

01 February 2023

Union Budget 2023-24

Budget Announces Host Of Measures To Enhance Business In IFSC

The Budget 2023-24 proposes an extension of tax benefits to funds relocating to IFSC, GIFT City till March 31, 2025

01 February 2023

Union Finance Minister Nirmala Sitharaman during the Budget speech on Wednesday

'Substantial Changes' Made In Personal Income Tax In Budget, New Tax Regime Now More Attractive: Finance Minister Nirmala Sitharaman

Speaking to reporters after presentation of the Budget, Sitharaman said the country has been waiting for a direct tax regime which is simplified and easy in compliance

01 February 2023

Income Tax Benefits In Budget To Propel Deposit Growth

Income Tax Benefits In Budget To Propel Deposit Growth: Bandhan Bank MD

The old tax regime provides for a similar deduction and no tax on income up to Rs 5 lakh

01 February 2023

Union Budget 2023-24

Budget 2023: EdTech Sector Welcomes Digital Initiatives, Focus On AI In Education

Aarul Malviya, the founder of Zamt, said Union Budget 2023-24 reflects the government's profound interest in bringing a digital revolution in the education sector and promoting the use of artificial intelligence in it

01 February 2023

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SEBI

SEBI Orders Attachment Of Bank, Demat Accounts Of Subrata Roy, Others In OFCD Issuance Case

Apart from Sahara, others whose bank and demat accounts were attached are Ashok Roy Choudhary, Ravi Shanker Dubey and Vandana Bharrgava

01 February 2023

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01 February 2023
Silver Bars, Imported Cars, Bicycles And Toys To Be Costlier; TV Sets Cheaper

Silver Bars, Imported Cars, Bicycles And Toys To Be Costlier; TV Sets Cheaper

Sitharaman in her Budget speech on Wednesday proposed an increase in BCD on several items to "promote exports, boost domestic manufacturing, enhance domestic...


01 February 2023
Finance Minister Increases Allocation To NHAI To Rs 1.62 Lakh Crore For FY24

Finance Minister Increases Allocation To NHAI To Rs 1.62 Lakh Crore For FY24

The Union Budget 2023-24 has allocated an enhanced outlay of Rs 2.70 lakh crore for the highways sector


01 February 2023
Budget 2023: Singapore Educationist Calls It 'Great Step In Right Direction'

Budget 2023: Singapore Educationist Calls It 'Great Step In Right Direction'

The GSF has planned out a USD 550 million investment in India as part of its ongoing expansion of a network of 35 campuses in 11 countries


01 February 2023
Budget Proposes Hike In TCS On Overseas Travel, Fund Remittances Out Of India To 20%

Budget Proposes Hike In TCS On Overseas Travel, Fund Remittances Out Of India To 20%

Also, 20 per cent TCS will be applicable in cases where funds in excess of Rs 7 lakh are sent out of India under the Liberalised Remittance Scheme of the RBI


01 February 2023
Allocated Adequate Funds To Scrap Old Vehicles Owned By Central Government: Finance Minister

Allocated Adequate Funds To Scrap Old Vehicles Owned By Central Government: Finance Minister

Presenting the Budget for 2023-24, she said replacing old polluting vehicles is an important part of greening the economy


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01 February 2023
Government Raises Farm Credit Target By 11% To Rs 20 Lakh Crore For FY24

Government Raises Farm Credit Target By 11% To Rs 20 Lakh Crore For FY24

The agricultural credit target is Rs 18 lakh crore for the current 2022-23 fiscal


01 February 2023
Budget 2023-24: Nirmala Sitharaman Simplifies KYC Process, Announces One-Stop Solution For Updating Address

Budget 2023-24: Nirmala Sitharaman Simplifies KYC Process, Announces One-Stop Solution For Updating Address

Union Minister of Finance Nirmala Sitharaman said the KYC process will be simplified and a one-stop solution will also be set up for reconciliation and...


01 February 2023
Gowardhan Scheme To Promote Circular Economy With Investment Of Rs 10,000 Crore: Finance Minister

Gowardhan Scheme To Promote Circular Economy With Investment Of Rs 10,000 Crore: Finance Minister

Presenting the Union Budget for 2023-24, she also said the government will facilitate 1 crore farmers to adopt natural farming


01 February 2023
Customs Duty On Import Of Certain Inputs For Mobile Phone Manufacturing To Be Cut: Finance Minister

Customs Duty On Import Of Certain Inputs For Mobile Phone Manufacturing To Be Cut: Finance Minister

In her Budget 2023-24 speech, she said India's mobile phone output rose from 5.8 crore units in 2014-15 to 31 crore units last fiscal


01 February 2023
Budget 2023-24: 3 Centres Of Excellence For AI, 100 labs In Engineering Colleges For Developing 5G Applications

Budget 2023-24: 3 Centres Of Excellence For AI, 100 labs In Engineering Colleges For Developing 5G Applications

Sitharaman said that a total of 100 labs will be set up in engineering institutions in collaboration with various authorities, regulators, banks and other...


01 February 2023
Infrastructure Development Capex Hiked By 33% To Rs 10 Lakh Crore For 2023-24: Finance Minister

Infrastructure Development Capex Hiked By 33% To Rs 10 Lakh Crore For 2023-24: Finance Minister

According to the minister, the Harmonized Master List of Infrastructure will be reviewed by an expert committee for recommending the classification and...


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01 February 2023
India Has Made Significant Progress In Many SDGs: Finance Minister

India Has Made Significant Progress In Many SDGs: Finance Minister

The efforts of the government since 2014 have ensured better quality of life for citizens of the country, Sitharaman added


01 February 2023
Budget 2023 Adopts Seven Priorities To Guide India Through Amrit Kaal: Finance Minister

Budget 2023 Adopts Seven Priorities To Guide India Through Amrit Kaal: Finance Minister

Sitharaman announced this while presenting the Budget 2023-24 in Parliament


01 February 2022
Budget 2022 | Nirmala Sitharaman Moves From Bahi Khata To Made-In-India Pad

Budget 2022 | Nirmala Sitharaman Moves From Bahi Khata To Made-In-India Pad

Over the years, finance minister Nirmala Sitharaman has ditched the traditional briefcase and made several shifts through ‘bahi khata’ to Made-in-India...


28 January 2022
Budget 2022 Should Boost Consumption Demand By Offering Tax Breaks: Report

Budget 2022 Should Boost Consumption Demand By Offering Tax Breaks: Report

The report therefore expects the finance minister to delay fiscal consolidation and make it to be a gradual and calibrated process, thus ensuring the necessary...


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