Indian Economy
Indian Economy News
Budget 2023: Govt to borrow record Rs 15.4 lakh crore in FY24 to bridge revenue gap
Nirmala Sitharaman while presenting the Budget on Wednesday said the net market borrowings from dated securities are estimated at Rs 11.8 lakh crore to finance the fiscal deficit in 2023-24
Union Budget 2023-24: What's cheaper, what do you have to pay more for?
While cigarettes will burn a bigger hole in the smokers’ pockets, camera lenses used to make mobile phones will now cost less. Here’s the list of all items that have become economical or dearer in the 2023 Union Budget
Budget 2023-24: Hum do, Hamare do.. Shatrughan Sinha's jibe at reduction in highest slab for Income Tax payers
Union Finance Minister Nirmala Sitharaman, during the Budget session today, announced an increase in the income tax rebate limit from Rs 5 lakh to Rs 7 lakh
Budget 2023: Govt has announced a targeted Amritkaal Budget for Amritpidi
A reflection of enhanced focus with the in-depth fixing of governance issues has been a key driver of the finance minister’s Budget speech
Budget 2023 | World admires Indian economy as a ‘bright star', economic growth highest among major economies: FM
In her budget speech, Finance Minister Nirmala Sitharaman envisioned a prosperous and inclusive India, in which the fruits of development reach all regions and citizens, especially the youth, women, farmers, OBCs, Scheduled Castes and Scheduled Tribes
Nirmala Sitharaman serves ‘middle-class bonanza budget’, opposition still unhappy
Political leaders from both ruling and opposition parties have reacted to the budget with some saying it will provide support to farmers, women and marginalised sections while others said it failed to address questions like welfare for the poor and inflation
Budget 2023: Balanced and prudent budget with no negative surprises
Overall, there are multiple positives across segments to be taken away from the Budget and it goes a long way to improve India’s macro-economic picture from a growth and fiscal discipline perspective
Budget 2023: Customs duty on import of certain inputs for mobile phone manufacturing to be cut, says Finance Minister
In her Budget 2023-24 speech, Sitharaman said India's mobile phone output rose from 5.8 crore units in 2014-15 to 31 crore units last fiscal
Union Budget 2023-24: Sitharaman's big announcement; Allocation for PM Awas Yojana raised by 66 per cent
The Finance Minister announced that the government proposes to increase capital expenditure outlay by 33 per cent to Rs 10 lakh crore in 2023-24, which would be 3.3 per cent of the GDP, said Union finance minister Nirmala Sitharaman
Budget Highlights: A vision for Amrit kaal, emphasis on inclusive development
The budget for the year 2023-24 emphasises on the Infrastructure creation, expenditure on human development and reforms in financial sector. Rebate limit of Personal Income Tax to be increased to Rs 7 lakh from the current Rs 5 lakh in the new tax regime
First time since India's independence, a woman President commences Budget Session to be presented by another woman
Economic empowerment of women is one opportunity that can be transformative in achieving our vision, said finance minister
Budget 2023: PAN to be used as single business ID for all digital systems
Following its adaption, businesses will be able to use PAN without the requirement of any other data as a unique identifier for getting access to national single window system
Union Budget 2023: Govt raises capital expenditure outlay by 33 per cent to Rs 10 lakh crore
Further, the government proposes to increase the agricultural credit target to Rs 20 lakh crore with a focus on animal husbandry, dairy and fisheries, Sitharaman said
Financial support for poor in prisons and unable to afford penalty, bail amount, says Sitharaman
The minister said this during her Budget speech in the Lok Sabha.'Support for poor persons who are in prisons and are unable to afford penalty or bail amount, required financial support will be provided'
Budget 2023: What Finance Minister Nirmala Sitharaman's red saree signifies
Finance Minister Nirmala Sitharaman is known for her love for handloom. For Budget 2023, she kept it simple, donning a red saree with a gold and black border
Budget 2023: National Digital Library to be set up to facilitate availability of quality books
Nirmala Sitharaman also stressed on the need to address learning loss. The National Digital Libraries will have geography, language genres and device-agnostic accessibility
Budget 2023 hopes to build on foundation of previous budget, blue print for India@100: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman in her Budget 2023 speech said Prime Minister Narendra Modi-led Indian government ensured that no one went hungry during the pandemic by providing free food grains to 80 crore poor people
Budget 2023 Expectations: Climate change should be a focus area as India aims for net zero carbon emission by 2070
Even though it is difficult to foresee how the funds would be distributed, the government will likely try to invest in clean energy, waste management, air and water pollution control, conservation of natural resources and biodiversity, as well as supporting the vulnerable segment of society
Railway-related stocks see an uptick ahead of Union Budget 2023
Market experts believe that shares of railway-related companies are in the focus as Dalal Street expects a boost to railways' capital expenditure. Expectations of higher allocations are driving the stocks
Budget 2023: Why driving national goals with focus on R&D and digital clusters is the need of the hour
India's R&D expenditure as a percentage of GDP is only 0.7 percent, compared to 2.8 percent in the United States, 2.1 percent in China, 4.3 percent in Israel, and 4.6 percent in South Korea