Budget 2023 24

Estimates show 51.25 percent of the youth is deemed employable – about one in two are not yet readily employable after graduating, the Economic Survey 2023-24 said.

India's total toll collections rise 35% on-year to Rs 64,810 cr in FY24, target for FY25 at Rs 70,000 cr

The Election Commission has allowed NHAI to calculate new toll rates that normally kick in from April 1, but said the new user fees should be applicable only after the Lok Sabha elections.

NHAI awards projects worth Rs 9,384 crore after three-month delay

All projects awarded by the NHAI have been clubbed into two categories called Bundle 13 and Bundle 14 and were expected to be awarded in September 2023.

Road transport ministry likely to spend Rs 1.85 lakh crore as capex by Dec 2023

The Ministry of Road Transport and Highways was earlier planning to spend over 90% of its Rs 2.59 lakh cr capex allocation for financial year 2023-24 by December 2023. However, heavy rains, delays in land allocation and elections in five states have led to a dramatic slowdown in project-awarding.

Tax collection in India one of the highest, reduce direct tax to 25% from 40%: Surjit Bhalla

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.

Delhi govt presents Rs 78,800-crore Budget; lends special thrust on road infrastructure

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.

Jharkhand govt tables Rs 1.16 lakh crore budget for FY24 in assembly

Members of the opposition BJP and AJSU Party staged a walk-out of the assembly during the budget speech by the state finance minister.

How effective were agriculture development funds announced in Budgets

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

Sitharaman says new income tax regime lets people decide on consumption, saving

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

Budget 2023: Infrastructure investment to give employment a big boost

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

Budget 2023-24 will give boost to fund-starved sectors: MSME secretary

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).

Budget 2023: Pragmatic and inclusive, not populist

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: Some relief and some pain for high net-worth individuals

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

Budget 2023: Expect only committed crypto players to stay invested in India

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

Budget 2023: Angel tax a dampener for Indian companies seeking FDI

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

Budget 2023: With capex thrust and fiscal shield, the budget tells India's growth story loud and clear

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

Budget 2023: Fertiliser, food subsidies can upset fiscal math

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

To actualise the green budget, we need Green GDP calculation and a climate change ministry

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

Budget 2023: How Ministry of Youth and Sports Affairs' 11% hike can help athletes

Ace paddler A Sharath Kamal, swimmer Maana Patel and boxer Amit Panghal throw light on the areas across sports that may need investment.

National Monetisation Pipeline is on 'good track' to reach Rs 1.6-lakh-cr target: Ajay Seth

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

Thrust on urbanisation augurs well for the steel industry: JSPL MD

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.

Expect custom, cargo movement clearances to start on ULIP platform in 2-3 quarters: TCI's Vineet Agarwal

TCI has already tested some of the application programming interfaces (APIs) available on ULIP.

Budget 2023 disappointing for private investment in infrastructure

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

Tax changes in Budget 2023 to boost consumption & savings

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

Moneycontrol Pro Panorama | Budget 2023: Bonds jump in joy, stocks sulk

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