Budget 2023 reactions: Indian biz sector says budget will push growth
Feb 02, 2023, at 03:10 am
New Delhi/IBNS: The Indian business sector Wednesday extolled Finance Minister Nirmala Sitharaman for maintaining a continued focus on growth in terms of capital formation and job creation while reducing the tax burden on the salaried class in Union Budget 2023.
Union Budget 2023: SBI, PNB Housing, Kotak Investment Advisory react
Feb 02, 2023, at 01:48 am
New Delhi/IBNS: Finance Minister Nirmala Sitharaman on Wednesday (Feb 1, 2022) tabled the Union Budget for the Financial Year 2023-24 with a major focus on capital formation with the highest outlay ever outlay of Rs 2.40 lakh crore, about 9 times the outlay made in 2013-14. In a major relief to the middle class of the country, the Basic exemption limit has been raised to Rs 3 lakh from the existing Rs 2.5 under the new income tax regime in Budget 2023-24. Tax rebate under Section 87A has been hiked from Rs 5 lakh to Rs 7 lakh.
Feb 02, 2023, at 01:06 am
New Delhi/IBNS: The Hinduja Group has lauded the Union Budget presented by Finance Minister Nirmala Sitharaman on Wednesday (Feb 1, 2022) for the Financial Year 2023-24 with a major focus on capital formation with the highest outlay ever outlay of Rs 2.40 lakh crore, about 9 times the outlay made in 2013-14.
Feb 02, 2023, at 12:52 am
Mumbai/IBNS: Tata Sons Chairman N Chandrasekaran has praised the Union Budget for prioritizing growth “given the challenging macro backdrop of slowing global growth and tightened financial conditions.”
And now, a mutual fund based on women leadership
Feb 02, 2023, at 12:44 am
The first mutual fund based on women's leadership in the corporate sector has been lined up for the Indian market. The asset management outfit promoted by institutional money manager Motilal Oswal has worked out a fund to track MSCI India Women's Leadership Select 30 Total Returns Index.
HMIL registers Cumulative sales of 62,276 units in Jan 2023
Feb 01, 2023, at 11:13 pm
Chennai: Car maker Hyundai Motor India Ltd on Wednesday announced that it has registered domestic sales of 50,106 units and export sales of 12,170 units with cumulative sales of 62,276 units for the month of January 2023.
Feb 01, 2023, at 10:50 pm
New Delhi: While presenting the Union Budget 2023-24 in Parliament here on Wednesday, Union Minister for Finance and Corporate Affairs Nirmala Sitharaman proposed to continue the financial sector reforms and innovative use of technology which have led to financial inclusion at scale, better and faster service delivery, ease of access to credit and participation in financial markets.
Feb 01, 2023, at 10:25 pm
New Delhi: India is moving forward firmly for the ‘panchamrit’ and net-zero carbon emission by 2070 to usher in green industrial and economic transition, Union Finance Minister Nirmala Sitharaman tells in her Budget speech on Wednesday.
Feb 01, 2023, at 10:19 pm
New Delhi: States and cities will be encouraged to undertake urban planning reforms and actions to transform cities into ‘sustainable cities of tomorrow’, Union Finance Minister Nirmala Sitharaman said in her Union Budget speech presented on Wednesday.
Union Budget: Highest ever capital outlay of Rs. 2.40 lakh crore announced for Indian Railways
Feb 01, 2023, at 10:04 pm
New Delhi: Finance Minister Nirmala Sitharaman said in her Union Budget speech that a capital outlay of Rs. 2.40 lakh crore has been provided for the Railways.
Feb 01, 2023, at 09:46 pm
New Delhi: While enunciating the government’s vision of providing a transparent and accountable administration which works for the betterment and welfare of the common citizen, the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, presented the Union Budget 2023-24 in Parliament on Wednesday.
NEP formulated to empower youth: Nirmala Sitharaman tells in her Union Budget speech
Feb 01, 2023, at 09:16 pm
New Delhi: To empower our youth and help the ‘Amrit Peedhi’ realize their dreams, we have formulated the National Education Policy, focused on skilling, adopted economic policies that facilitate job creation at scale, and have supported business opportunities, said Union Minister for Finance & Corporate Affairs Nirmala Sitharaman while presenting the Union budget 2023-2024 in Parliament here on Wednesday.
Union Budget: Teacher's training to be revamped
Feb 01, 2023, at 09:09 pm
New Delhi: The Government's philosophy of Sabka Saath Sabka Vikas has facilitated inclusive development, said the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman while presenting the Union Budget 2023-24 in Parliament on Wednesday.
Union Budget: Atmanirbhar Clean Plant Program to be launched with an outlay of Rs. 2,200 crore
Feb 01, 2023, at 08:51 pm
New Delhi: An Atmanirbhar Clean Plant Program will be launched with an outlay of Rs. 2,200 crore to boost availability of disease-free, quality planting material for high value horticultural crops, the Union Minister for Finance and Corporate Affairs Nirmala Sitharaman said while presenting the Union Budget 2022-23 in Parliament on Wednesday.
Union Budget: 157 new nursing colleges to be established
Feb 01, 2023, at 08:35 pm
New Delhi: In line with this vision of India@100 and Amrit Kaal, Finance Minister Nirmala Sitharaman on Wednesday, in her Budget speech, announced the establishment of 157 new nursing colleges in co-location with the existing 157 medical colleges, established since 2014.
Persons with income upto Rs. 7 lakh will not pay income tax in new tax regime: Union Budget
Feb 01, 2023, at 08:12 pm
New Delhi: With the objective of benefitting the hard working middle class of the country, Union Minister for Finance and Corporate Affairs, Nirmala Sitaraman made five major announcements with respect to personal income tax while presenting the Union Budget 2023-24 in Parliament on Wednesday.
Nominal GDP to grow at 15.4 pct in FY 2022-23
Feb 01, 2023, at 07:59 pm
New Delhi: According to the Fiscal Policy statements the Nominal GGP is projected to grow at 15.4 % year-on-year (Y-o-Y) in FY2022-23 as against 19.5% in 2021-22.
Feb 01, 2023, at 07:31 pm
New Delhi/IBNS: Ahead of the 2024 general elections in India and polls in key states this year itself, Union Finance Minister Nirmala Sitharaman on Wednesday presented the annual budget offering a big relief to the taxpayers while emphasizing on job creations and ramping up capital spending.
Nirmala Sitharaman to present Union Budget today
Feb 01, 2023, at 02:23 pm
New Delhi: Union Finance Minister Nirmala Sitharaman will present the Budget on Wednesday, the last full-year major presentation ahead of the Lok Sabha Polls in 2024.
Feb 01, 2023, at 06:49 am
New Delhi/IBNS: India has a unique opportunity to lead the world with new models of digital access to healthcare, which can serve not only emerging markets but also developed markets given that countries across the globe face significant inadequacies around healthcare access and affordability, said Prashant Tandon, HealthTech Committee Chair & CEO & Co-Founder of TATA 1MG.
Feb 01, 2023, at 06:28 am
Bengaluru/IBNS: The government can bolster working capital for e-commerce suppliers by lowering GST on input services like logistics and facilitating refunds of accumulated input tax credit in the upcoming Budget, according to Vidit Aatrey, Founder & CEO – Meesho.
Feb 01, 2023, at 06:05 am
MumbaiIBNS: A lower GST on appliances will help improve the penetration levels in India which remains low despite the positive impact on the quality of life and productivity, according to Kamal Nandi, Business Head and Executive Vice President of Godrej Appliances.
Large budget deficit acceptable if it stimulates higher GDP: Nadir Godrej
Feb 01, 2023, at 05:31 am
Mumbai/IBNS: Speaking on the upcoming Union Budget, Godrej Industries Ltd.'s Chairman and MD - Nadir Godrej said global inflation, China's economic slowdown, the pandemic's aftereffects, and the conflict between Ukraine and Russia pose a great challenge for the Indian economy.
Feb 01, 2023, at 05:27 am
Kolkata/IBNS: The Union Budget should continue and provide the right policy and budgetary framework to ensure the economic growth of the country and a budget design that can stand as per the GDP growth rate expectations, according to Rajeev Sharma, Chief Strategy Officer, Mitsubishi Electric India Pvt. Ltd.
Feb 01, 2023, at 04:34 am
New Delhi/IBNS: The logistics sector expects Union Budget to prioritize the strengthening of logistics and related infrastructure that would lead to economic growth for the country as a whole, according to Nikhil Agarwal, President-CJ Darcl Logistics.
73% consumers expect reduction in prices of essential items in Budget 2023: Survey
Feb 01, 2023, at 03:53 am
Mumbai/IBNS: Reduction in the price of essentials is the biggest expectation from the 2023 budget, according to a pre-budget survey conducted by Consumer data intelligence company Axis My India.
Feb 01, 2023, at 03:19 am
Mumbai/IBNS: The Economic Survey 2022-23 tabled by the Minister of Finance and Corporate Affairs Nirmala Sitharaman in Parliament on Tuesday has projected FY 2024 growth at 6-6.8%.
Unemployment rates fall from 5.8 pct in 2018-19 to 4.2 pct in 2020-21: Economic Survey
Jan 31, 2023, at 11:46 pm
New Delhi: The Economic Survey 2022-23 tabled by the Minister of Finance and Corporate Affairs, Nirmala Sitharaman in Parliament, on Tuesday states that while the pandemic impacted both labour markets, and employment ratios, now with sustained effort in the last few years, coupled with quick response after the pandemic, and the world’s largest vaccination drive being undertaken in India, labour markets have recovered beyond pre-Covid levels, in both urban and rural areas, as observed in supply-side and demand-side employment data.
Assam couple builds 6 crore eatery chain in Guwahati
Jan 31, 2023, at 11:30 pm
Guwahati: Deba Kumar Burman and Pranamika, whose marriage was no less than a fairytale story, are now prominent names in Assam as they created a Rs 6 crore turnover restaurant chain in Guwahati.
Nearly 22 crore beneficiaries verified under Ayushman Bharat Scheme: Economic Survey
Jan 31, 2023, at 11:19 pm
New Delhi: As many as 21.9 crore beneficiaries have been verified under the Ayushman Bharat Pradhan Mantri – Jan Arogya Yojana (AB PM-JAY) Scheme including 3 crore beneficiaries verified using State IT systems as on January 4, 2023.