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.
Budget 2023: As of now, the maximum slab of income which is exempted from the purview of income tax is Rs 2.5 lakh.
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).
Sitharaman, who had in her first budget in 2019 replaced leather briefcase -- which had been in use for decades for carrying budget documents -- with a traditional red cloth 'bahi-khata', has spurt in tax collections to her aid in the budget that is expected to a spend-all budget.
Ahead of Budget Session, Prime Minister Narendra Modi on Monday said that the government is ready to discuss all issues in the Parliament.
On the first day on Monday, the President will address the Members of both the Houses after which copies of his address will be laid on the Table.
The main opposition Congress has declared that it will reach out to like-minded parties to raise issues such as farm distress, Chinese "incursions", demand for relief package for COVID-19 victims, sale of Air India and the Pegasus snooping row during the session.
Nirmala Sitharaman on February 1, 2021 presented what she called was 'once-in-a-century budget' as it looked to revive Asia's third-largest economy via investing in infrastructure and healthcare while relying on an aggressive privatisation strategy and robust tax collections.
Various brokerage houses internationally have anticipated that there could be as many as 4-5 rate hikes in 2022.
The Union Budget is expected to focus on employment generation, increase in limits for basic tax exemption, standard deduction, medical expenses, rationalisation of tax rates and certain social security investments.
Finance Minister Nirmala Sitharaman will present the Union Budget 2022-23 in a paperless form for the second time on February 1. Earlier, the Union Budget of 2021-22 was delivered in paperless form for the first time.
Budget 2022: The healthcare sector wants the government to allocate funds for the development of resources to strengthen the monitoring system of the health status of the public and push the research and development to discover products to address health-related issues.
PM Modi interacted with the leading CEOs of companies across banking, infrastructure, automobiles, telecom to receive inputs and suggestions from the private sector for budget.
Finance Minister Nirmala Sitharaman is expected to present the fourth budget of the Modi 2.0 government on February 1.
Sitharaman said that she has provided long-term certainty with the short-term stimulus in her budget.
Some members have questioned whether allocation for minority affairs, allocation for SC & ST has been reduced. No, they have not. Total allocation for minority affairs is Rs 4,811 crores in 2021-22 which is an 8.6% increase for the ministry, higher than actual expenditure: FM Nirmala Sitharaman
Union Minister Ravi Shankar Prasad on Saturday said the central budget for 2021-22 fiscal has focused on spending to build infrastructure and boost the economic growth of the country.
Appearing in my prime time live show in ‘Aaj Ki Baat’ on India TV, Sitharaman said she was confident that money that will be spent on agriculture and infrastructure will “definitely have a multiplier effect”.
The government on Monday said the definition of small companies will be revised by raising the capital base to Rs 2 crore from the current limit of Rs 50 lakh.
Top News
Latest News
