The Halwa ceremony, marking the final stage of the Budget preparation process for Union Budget 2023-24, was held in North Block, today afternoon, in the presence of Union Finance & Corporate Affairs Minister Nirmala Sitharaman and Union Ministers of State for Finance Shri Pankaj Chaudhary.
Budget 2023: The finance ministry is looking into proposals sent by various government departments on specific steps which may be announced in the Budget, benefitting a large section of the middle class.
Budget 2023: The promotion of new technologies, particularly those aimed at combating climate change, need to be the primary focus of the Union Budget 2023. New technologies have the potential to boost farmers' profitability as well as productivity.
Budget 2023: People across industries are expecting changes in the tax regime as the Finance Minister Nirmala Sitharaman would be presenting the upcoming union budget before parliament on February 1.
According to reports, the layoffs are the result of the company not meeting its annual cash target, and revenue expectations in the fourth quarter.
Another official of the RBI said users of Central Bank Digital Currency in the retail segment will reach 50,000 by the end of this month.
With the upcoming Union Budget 2023-24, the timing has been ideal for the government to introduce relevant policy measures to boost the Indian Fintech sector.
The NAC is also considering cutting down expenditures of ministries/divisions by 15 per cent, reducing the number of federal ministers, ministers of state, and advisers from 78 to 30 only while the remaining should work on a pro bono basis.
Vikas Lifecare's standalone net revenue zoomed by 74 per cent to Rs 34,626.48 lakh as against Rs 19,833.44 lakh in the first 9 months of the last financial year.
It is anticipated that the budget allocation will rise by 10 to 15 per cent in order to boost domestic defence equipment manufacture. Increased spending in the defence industry will aid businesses in its "Make in India" campaign.
The real estate sector in India is one of the highest contributing sectors and the second-largest employment generator after agriculture.
The adoption of electric vehicles (EVs) in India is growing, but the need for charging infrastructure hinders its progress. This is leading to calls for increased investment in charging stations and infrastructure to support the growing EV market in India.
The company has reported a whopping 545 per cent year-on-year (YoY) growth on PAT for nine months ending December 31, 2022, according to a filing by the company.
The proposed 2023 budget prioritizes investing in agriculture for a sustainable future. Funds will likely be allocated for modernizing infrastructure, implementing new technologies and promoting sustainable practices.
Union Budget 2023: Provide tax sops on R&D expenditure, CropLife India urges government finance minister sitharaman
Private consumption, a key driver of economic growth, will be a key factor to watch in the upcoming union budget.
The Union Finance Minister, Nirmala Sitharaman, will present the fifth Rail Budget on February 1st, and the people have high expectations for it.
Budget 2023: The Budget document can be used as a reference tool for the primary budgeted goals for the upcoming fiscal year.
The country's annual economic development and short- and medium-term economic prospects are outlined in the Economic Survey.
Budget 2023: Initiatives have been undertaken such as easy access to funds and tax deductions will put smaller firms in a stronger place to prosper and then become internationally competitive.
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