The minister assured them that the government can do more for the middle class as its population is growing and has become sizeable now.
In FY24, the railway ministry's total capital expenditure (capex) is anticipated to rise by 20% to Rs 3 trillion.
The government relies heavily on both tax and non-tax revenues to fund its operations. Non-tax revenues are the recurring income that the government earns from revenue sources other than taxes, while tax revenues are collected on income and profits.
The Union Budget uses various terms in the budget document that could be difficult to understand for everyone. It is important to have the understanding of these terms in order to navigate through the financial jargon and get a better understanding of the government's plans.
Ahead of the Union Budget 2023, the common man of India has lots of expectations. The government will have to balance the need for economic growth with the need to address the concerns of everyday citizens, including the rural population and small businesses.
The Union Budget presented by the government of India outlines the revenue and expenditure for the upcoming fiscal year. To comprehend the government's plans and policies, know the key terms and concepts in the budget.
The Indian Union Budget is presented annually by the finance minister outlining government's financial plans and policies for the upcoming fiscal.
Ahead of the Union Budget 2023, India's middle class would be expecting that this year's budget brings back focus on their economic concerns.
The Indian budget process for is a significant event that outlines government revenues and expenditures. The budget is passed after discussion and debate in both Lok Sabha and Rajya Sabha.
Budget 2023: The Union Budget is an annual event where the government presents its financial plans for the upcoming fiscal year watched by economists, businesses and the general public.
The approved incentive scheme will focus on promoting Point-of-Sale (PoS) and e-commerce transactions using RuPay Debit Cards and low-value BHIM-UPI transactions (P2M) for the current financial year FY 2022-23.
In recent years, the Union Budget announced by the Government of India is called by specific themes. For example, the budget 2021-22 was named 'Aatmanirbhar Bharat' (self-reliant India).
Most people don't manage their budgets well, which is why they spend a lot of money on unnecessary things, especially during difficult times like the COVID-19 pandemic.
Chief Economic Advisor V Anantha Nageswaran's projection exceeds Modi government's expectation of becoming a USD 5 trillion economy by 2025.
The 30-share BSE Sensex zoomed 846.94 points or 1.41 per cent to settle at 60,747.31. During the day, it jumped 989.04 points or 1.65 per cent to 60,889.41. The broader NSE Nifty climbed 241.75 points or 1.35 per cent to end at 18,101.20.
Budget 2023: As of now, the maximum slab of income which is exempted from the purview of income tax is Rs 2.5 lakh.
GST Council meeting: Union Finance Minister Nirmala Sitharam said eight of the agenda points of the 48th GST council meeting were discussed and the remaining would be carried on to the next meeting.
Union Budget 2023: All eyes are on Finance Minister Nirmala Sitharaman who is working on preparing the forthcoming Union Budget 2023. Every sector expects something from the budget and the most challenging part of the budget is to have a balanced approach.
Union Budget 2023: Economists said the letter written to the finance minister, is a follow-up to our letters of 20 December 2017 and 21 December 2018 (addressed to her predecessor, Arun Jaitley).
Budget 2023: The pre-budget meeting with state finance ministers will be held in New Delhi on November 25, an official said.
Top News
Latest News
