Tag: budget 2023

Interaction with govt must be on futuristic ideas, Nirmala Sitharaman tells industry
Posted in Economy

Interaction with govt must be on futuristic ideas, Nirmala Sitharaman tells industry

Union finance minister Nirmala Sitharaman on Tuesday noted that the interaction between the government and industries should be more centred around futuristic ideas. “The industry…

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nirmala sitharaman: We could've given a Budget with fantastic numbers, but it's us who'll have to answer a year later: Nirmala Sitharaman
Posted in Economy

nirmala sitharaman: We could’ve given a Budget with fantastic numbers, but it’s us who’ll have to answer a year later: Nirmala Sitharaman

The big capex push in Budget 2023 is aimed at helping each state have sufficient funds to meet their own goals in their own way,…

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Finance Ministry asks depts, CPSEs to refund 95% of performance/bid security forfeited from MSMEs till March 2022
Posted in Economy

Finance Ministry asks depts, CPSEs to refund 95% of performance/bid security forfeited from MSMEs till March 2022

The Finance Ministry on Monday asked all departments and public sector entities to refund 95 per cent of the performance or bid security and liquidated…

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Budget 2023: Budget maintained fiscal balance, says CEA V Anantha Nageswaran
Posted in Economy

Budget 2023: Budget maintained fiscal balance, says CEA V Anantha Nageswaran

Chief economic adviser V Anantha Nageswaran on Monday said the budget has taken many decisions which will further improve the ease of doing business, and…

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View: GoI, push for geospatial investments
Posted in Economy

View: GoI, push for geospatial investments

The budget is not just a statement of accounts that the FM presents, it is also an intent document. Budget 2023’s ‘Saptarishi’ has outlined a…

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Budget provides buffer from global challenges: Parameswaran Iyer
Posted in Economy

Budget provides buffer from global challenges: Parameswaran Iyer

The Union Budget 2023 will help provide the needed buffer from global economic challenges with focus on incentivising capex while promoting fiscal discipline and fostering…

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union budget: Budget 2023-24: Harnessing India’s competitiveness and creating national prosperity
Posted in Economy

union budget: Budget 2023-24: Harnessing India’s competitiveness and creating national prosperity

The budget speech began with a declaration of India’s first step into the Amrit Kaal or the era of prosperity. It reiterates an inclusive India…

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New PF withdrawal rule: Check this in FY24 while filing Income Tax Return
Posted in Business

New PF withdrawal rule: Check this in FY24 while filing Income Tax Return

Union finance minister Nirmala Sitharaman proposed to reduce Tax Deduction at Source (TDS) from 30% to 20% for the taxable part of the Employees’ Provident…

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budget: India's Budget to sustain demand for corporates: Fitch Ratings
Posted in Economy

budget: India’s Budget to sustain demand for corporates: Fitch Ratings

The higher spending, tax cuts and supportive policies announced in India‘s Budget for 2023-24 are expected to support sustained demand growth and improve the longer-term…

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Finance Secretary defends higher investment limit in saving schemes, says…
Posted in Business

Finance Secretary defends higher investment limit in saving schemes, says…

The decision to raise the investment ceilings in small savings schemes is aimed at benefiting senior citizens and the middle class who park funds in…

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