The Budget 2023-24 had lowered India's highest rate of income tax from 42.74 per cent, by reducing the surcharge applicable on high net-worth individuals.
Proposes removal of all three landfill sites in the national capital in the next two years ― the Okhla landfill by December 2023, the Bhalswa landfill by March 2024, and the Ghazipur landfill by December 2024.
Members of the opposition BJP and AJSU Party staged a walk-out of the assembly during the budget speech by the state finance minister.
The role envisaged for the Union government in these funds is limited to helping the creation of an ecosystem that supports long-term debt financing through priority sector lending
In her Budget presented on February 1, Sitharaman renewed the push for the new income tax system, which was introduced three years ago but didn't find many takers in the absence of exemptions and deductions
With forward and backward linkages to at least 250 industries and 70 trades, construction has the potential to generate lakhs of crores of jobs, if the planned investment gets off the ground
Availability, accessibility and affordability of credit/funds are the main challenges of the sector, said B B Swain, Secretary to the Union Ministry for Micro, Small and Medium Enterprises (MSMEs).
The Modi government has sent out a strong message that it stands for the poorest of the poor and does not believe in crony capitalism, but equally, it stands for wealth creation
Budget 2023 attempts to expand the tax base by reducing several benefits available to HNIs. As a result, many go-to investment options for HNIs may relatively become less tax effective now
The current tax regime for the VDA sector will continue for the next one year or perhaps till the next general elections. As such, there may not be any immediate reversal of the recent exodus to better jurisdictions
Subjecting the RBI-regulated FDI to angel tax will be viewed as a negative step by the global investor community intending to participate in the India growth story keenly
Through fiscal discipline, achieving growth without succumbing to stimulus demands, and emphasis on capital expenditure and private investment, a solid foundation has been laid for the financial sector to help India’s leap to a $7 trillion economy by 2030
Higher cost of production due to the elevated cost of gas could increase the subsidy outgo on fertilisers during 2023-24 as would the extension of the free foodgrain scheme beyond December 2023
Strong institutions are needed to make India’s ambitious green economy plans a reality. A dedicated ministry for climate change and Green GDP calculations will yield concrete institutional frameworks and targets to achieve
Ace paddler A Sharath Kamal, swimmer Maana Patel and boxer Amit Panghal throw light on the areas across sports that may need investment.
Asset monetisation is being done by government entities and the money goes to them, and they use it to invest it further, says the secretary to the department of economic affairs under the finance ministry
He said that while removal of the export duty on steel was a welcome move, there was enough unmet domestic demand, and producers do not really need to export.
TCI has already tested some of the application programming interfaces (APIs) available on ULIP.
It is imperative that while solving the twin objectives of inclusion and growth, we integrate the twin sources of funding – public as well as private investment – in this direction too. In that regard, the budget for 2023 has a lot left to be desired
The Budget has presented a pragmatic approach to achieve holistic and inclusive economic development in the country. Those staying invested in India are quite likely to earn the dividends of this growth story as it evolves
In today’s edition of Moneycontrol Pro Panorama: Old Pension Scheme is not a gamechanger, bitcoin makes a comeback, big firms stand to benefit from new tax regime, three unanswered questions from Budget 2023, and more
While Budget 2023 is inclusive, it incorporates measures to restrict misuse of tax concessions and clarifies the government’s position on certain issues
Vinayak said that the Budget met 7-8 items on his Budget wishlist and the current government has been consistent in its approach to growing the economy through capital investment.
Risky investments in pharma R&D need a helping hand from the government. Encouragement for pharma research, upward trending public healthcare spending is good news for industry, citizens
National Platform for the Rights of the Disabled (NPRD) in its press statement states that despite the rhetoric of 'Inclusive India' with Inclusive Development right at the top of the government's seven-priority 'Saptarishi' approach, the persons with disabilities continue to be ignored by the State.