Tag: union budget
fci: Additional Rs 1.45 lakh-cr budget for FCI is indicative estimate; food subsidy ‘adequate’ for procurement: Govt
An extra-budgetary provision of Rs 1.45 lakh crore made to state-run FCI in the Budget for 2023-24 fiscal is an “indicative outlay” of short term…
Ease of GST compliance: Still a distant dream
India’s biggest tax reform, the Goods & Services Tax (GST) was introduced on 1 July 2017. The journey of GST in India has been a…
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…
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…
budget 2023: Budget: Balancing growth priorities with fiscal consolidation
The Union budget announced against the backdrop of multiple global challenges, even as India is well positioned, comes across as balanced and progressive; it accords…
EPF withdrawals will be less taxing now. All about the big budget announcement
Withdrawals from an EPF account before the completion of five years will now be less taxing. Finance Minister Nirmala Sitharaman, in the Union Budget, has…
Agritech Startups: Agriculture accelerator fund to help create more jobs: GlobalData research
Initiatives to support agri starups through the creation of agriculture accelerator fund, increasing the agri credit target to $24.9 billion and promoting agri-tech will help…
Budget 2023: Swimming against the current
The Finance Minister presented the pre-election budget in the backdrop of recessionary global headwinds, serious concerns of inflation and supply chain constraints emanated from geo-political…
Number theory: Understanding the Union Budget’s tax calculations
A higher tax buoyancy than 2022-23 is among the most crucial assumptions in the 2023-24 Budget. Tax buoyancy measures changes in taxes per unit change…
startups in india: Proposed changes in income tax law for startups would bring in ‘parity between domestic, foreign investors’
The proposed changes in the income tax law with regard to startups would bring in parity between domestic and foreign investors, a top government official…