Recent measures unveiled in the budget including a focus on lab-grown diamonds (LGDs) and a reduction in basic customs duty on the seeds used in their manufacture are expected to boost exports in the diamond industry and could make India a world leader in the LGD market.
Budget 2023 Analysis Highlights: Rs 2,000 crore has been allocated for the proposed National Research Foundation in the Union Budget 2023. The Union Cabinet is expected to approve the proposal of setting up the NRF very soon, a Department of Science and Technology (DST) official said.
Budget 2023 Analysis Highlights: Union Finance Minister Nirmala Sitharaman believes that there will be more money in the hands of taxpayers under the new income tax regime; this would enable them to become the best judge to decide their own choice of investment.
The Finance Minister presented the Union Budget, the last one before the 2024 general elections, on February 1, 2023. This primer contains the key takeaways and answers to questions you may have on the Budget and its impact on you. Read on.
Announcing the Union Budget for 2023-24, Finance Minister Nirmala Sitharaman beat expectations when she allocated a massive Rs 10 lakh crore for capital expenditure.