“Budget 2023 sets bench mark for Inclusivity, Comprehensiveness, Digitalization and Transformation,” says CA Raju Sharma
Economic affairs expert CA Raju Sharma said that, the Finance Budget 2023 sets the bench mark for Inclusivity, Comprehensiveness, Digitalization and Transformation from Good Governance Model to Trust Based Governance Model which will pay way for Self-Reliant, Self Built, Technology...
Union Budget 2023 Reaction: CAIT termed budget as a progressive economic document
" The Union Budget is a comprehensive and progressive economic document which ensures development of each and every sector in a structured way and provides ease of doing business to traders, ensuring robust growth in health sector and other...
Union Budget 2023 Reaction: Budget -23 is a growth-oriented, visionary budget–CA Julfesh Shah
With focus on 7 point program in Budget,it seems to be a prudent, pro-growth, progressive budget with a long term vision.Special emphasis to support MSMEs & Start-ups is announced which will boost the ailing ...
Union Budget 2023 Reaction: MAJOR TAKEAWAY FROM BUDGET SPEECH 2023
1.FOCUS ON IMPROVEMENT:This Budget focused on improving structural aspects like improvement in storage buildings, extending working of ICMR labs, unified filing systems, moving from input-based incentives to performance-based incentives etc. 2.VITAL IN DIRECT TAX – The Government wants to...
Union Budget 2023 Reaction: Be Ready for new income tax regime
Like every year this year too there were lot many expectations with the budget. Being elections nearby, many were expecting major relaxations with regard to taxations. Many were expecting higher income tax slab rates along with increase deductions and exemption...
Union Budget 2023 Reaction: Tourism on mission mode is highly appreciable – Tejinder Singh Renu
India has enormous tourism potential and if it is capitalised properly it can surface as one of the leading sectors to contribute to GDP and also has the prospective to enhance employment. Lack of correct infrastructure coupled with lack...
Pradhan Mantri Aawas Yojana outlay hiked by 66% to Rs 79,000 cr
New Delhi: Finance Minister Nirmala Sitharaman announced a 66 per cent hike in the outlay for the Pradhan Mantri Aawas Yojana (PMAY) to Rs 79,000 crore. The scheme envisages providing houses for rural as well as urban poor and the...
Budget 2023: PAN To Be Used As Common Business Identifier, Announces FM Sitharaman
: Union Finance Minister Nirmala Sitharaman on Wednesday presented the Union Budget 2023 and said PAN will be used as common identifier for all digital systems of specified government agencies. “For business establishments required to have Permanent Account Number, the PAN...
FY23 Fiscal deficit revised to 6.4% of GDP
Disclosing that the revised fiscal deficit for the current fiscal year is at 6.4% of GDP, Sitharaman said the FY-2024 fiscal deficit target has been fixed at 5.9% of GDP. I reiterate my intention to bring the fiscal deficit below...
No income tax till Rs 7 lakh in new IT plan
Nirmala Sitharaman announced that there will be no income tax on income up to Rs 7 lakh, up from Rs 5 lakh currently, under the new tax...
Bad news for smokers, custom duty hiked
I propose to reduce the number of basic custom duty rates on goods other than textiles and agriculture, from 21% to 13%. As a result, there are minor changes in the basic custom duties, cesses and surcharges on some items,...
100 labs for apps using 5G to be set up
100 labs for developing apps using 5G services will be set up in engineering institutions. To realise the new range of opportunities, business models and employment potential, labs will cover among others, apps like Smart Classrooms, Precision Farming, Intelligent Transports...
30 Skill India International Centres coming up
To skill the youth for international opportunities, 30 Skill India International Centres will be set up across different states, Sitharaman announced. The government will launch the Pradhan Mantri Kaushal Vikas Yojana 4.0, she...
National Data Governance Policy on anvil
Government to bring National Data Governance Policy, Sitharaman announced. The National Data Governance Policy will enable anonymised data; and the KYC process will be simplified by adopting risk-based system, she added, and that one stop solution for reconciliation and...
Regional air connectivity gets a boost
50 additional airports, helipods, water aero drones, advanced landing grounds will be revived to improve regional air connectivity, said Sitharaman. She also said that for business establishments required to have a Permanent Account Number, PAN will be used as a...
Capital investment outlay upped by 33%
Capital investment outlay is being increased by 33% to Rs 10 lakh crores, which would be 3.3% of the GDP, said Sitharaman. 50-year interest free loan to state governments extended for one more year. 157 new nursing colleges will be...
Bye bye sewers in 100 cities
All cities and towns will be enabled for 100 pc transition of sewers and septic tanks from manhole to machine hole mode, said Sitharaman. 100 critical transport infrastructure projects have been identified for implementation, and states and cities will be...
Rs 6000 cr fund for fisherfolk to be set up
New sub scheme of PM Matsya Sampada Yojana, with targeted investment of Rs 6000 crores, to further enable activities of fishermen, fish vendors and micro and small entrepeneurs, improve value chain efficiences and expand the market, said...
Highlights: “1st Amrit Kaal Budget, world sees India as bright star”, says N Sitharaman
New Delhi: Finance Minister Nirmala Sitharaman, presenting Union Budget 2023-24 in Parliament, said it focuses on seven priorities, which she called the “Saptrishis guiding us through Amrit Kaal”. These are: Inclusive development, reaching the last mile, infrastructure and investment, unleashing...
What Economic Survey says about India economy
Following are the highlights of the Economic Survey 2022-23 tabled in Parliament on Tuesday: * India's economy to grow 6.5 pc in 2023-24, compared to 7 pc this fiscal and 8.7 pc in 2021-22 * India to remain the...
Budget 2023: Nagpur hoteliers pitches for infrastructure status for hospitality biz
Nagpur: With all eyes set on Finance Minister Nirmala Sitharaman on Wednesday, as she will be presenting the ambitious Budget of 2023, the Nagpur Hoteliers are eying on infrastructure status for hospitality business with an aim to improve and expand...
