Budget 2023 Expectations

A daily round-up of the most interesting articles to help jump-start the day.

Brief respite for oil marketers may end soon, Budget 2023 unlikely to help

Crude price may increase again and the companies may not be allowed to raise retail prices as elections loom 

Budget 2023: Radhika Rao of DBS Bank hopes to see push to rural economy, social welfare

According to Radhika Rao, there could be a broadening of the support for manufacturing and supply chain rejig. Fiscal incentives, like the production linked incentive scheme, have benefitted many sectors, especially electronics, including the production of mobiles.

Budget 2023: MSMEs seek easing of tax structure, easy access to credit

MSME Budget 2023 Expectations: MSME sector experts seek better access to credit for expanding their business, a more simplified tax system, and incentivising structure.

Budget 2023 Expectations: Affordable therapy and mental health insurance need of the hour, say experts

The main expectation from the Union Budget is of a much greater monetary allocation towards mental health, and National Mental Health Programme in particular

Budget 2023: How to read the Budget? Fiscal deficit, revenue expenditure and receipts explained

On February 1, Finance Minister Nirmala Sitharaman will rise up in the Lok Sabha to present the Union Budget. The finance minister's budget speech is one of the many parts of the budget documents, all of which are uploaded on indiabudget.gov.in within hours of the speech. The general public hears terms like fiscal deficit, divestment, gender budget, capital gains tax, and recapitalization, among others, which may sound unfamiliar to most. Most people are interested in how much they will be taxed, and which items will get cheaper or dearer. So here is a quick guide by Moneycontrol's Shweta Punj on how to read the budget.

Budget 2023: Arvind Panagariya says time to simplify personal income taxation system, end exemptions

Currently, the basic income tax exemption limit is Rs 2.5 lakh for individual taxpayers under both the old and new income tax regimes.

Budget 2023 Expectations Highlights: What AI chatbot expects for banking sector

Budget 2023 Expectations Highlights: Know what the AI platform ChatGPT, which is powered by data and information from the internet, thinks of likely budget announcements for the banking sector.

Budget 2023 may contain people-centric proposals in run-up to elections: Sources

According to the sources, special health insurance for those with neither Ayushman Bharat Health insurance nor private health policies will be considered.

Budget 2023 | Pundits' View: From fiscal deficit to capex, economists predict FY24 Budget details

Union Budget 2023-24: Experts said the Centre may target a fiscal deficit of 5.9 percent of GDP with capital expenditure set for another increase to almost Rs 9 lakh crore

Budget 2023 Expectations highlights: Experts list out what the key priorities should be

Budget 2023 Expectations highlights: Aditya Birla Sun Life AMC MD & CEO said the focus will be on growth, with reasonably good amount of money being allocated towards Capex. He said the government can give some relief to the salaried class. Kotak Mahindra Asset MD Nilesh Shah said the trend of doubling on infrastructure must continue.

Renewable energy likely to get a deeper thrust in Budget 2023

The Budget 2023 will continue to focus on policy incentives to encourage investments in re-newable energy as India steps up its efforts to decarbonise the domestic power sector

Budget 2023 expectations highlights: What could change for taxpayers and investors next month

Budget 2023 expectations highlights: Increasing tax exemption in this Budget, according to experts, will provide relief to the lower-earning class consumers since they are facing challenges such as high inflation leading to lower savings, increasing interest rates have increased the monthly EMIs for home loans and other loans, and higher fuel prices have impacted the household budget. Tweaking the slab rates and providing relief will lead to an increase in disposable income and boost consumption.

Budget 2023 | Gems & Jewellery Industry's Key Expectations From FM Sitharaman | Macros & Markets

The government will present its last full budget before going for the general election in 2024 and as we come out of the 3 years of the pandemic, the focus is expected to completely shift from support and recovery to growth. In the run-up to the Budget, we present you the MC Macros & Markets, where we list key expectations of various players from the commodities markets. Here are gems & jewelry industry's the expectations - watch!

Budget 2023 | Salaried professionals expect more options for safe investments, tax reduction

Budget 2023-24: With the cost of education rising, HR leaders say childcare expenses should be tax deductible up to a certain limit, and employees who have contributed to provident funds should be considered for healthcare coverage.

Budget 2023: States should make promises on freebies with their financial health in mind, FM Sitharaman says

Budget 2023: Nirmala Sitharaman pointed out that there are certain states which are making such promises on freebies, even providing free electricity but the payment is not being made to the generating companies.

Budget 2023 can announce measures to curtail increasing CAD: Sources

India’s current account deficit widened to $36.4 billion or 4.4 of GDP in the third quarter of 2022, from $18.2 billion or 2.2 percent of GDP in the second quarter

Budget 2023-24: The Moneycontrol Manifesto

This budget should be the perfect platform to help India hit the $5 trillion economy target by 2025. Among other things, there is a compelling case to make investments in securities more attractive by introducing a uniform tax rate of 10% for long-term capital gains and 15% for short-term capital gains.

Budget 2023: Global headwinds call for caution on elevated twin deficits

To manage the heightened external risks, keeping the twin deficits in check would be crucial for the Union Budget 2023 to ensure macro-economic and financial stability 

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

Live: South Indian Bank CEO & MD Murali Ramakrishnan On Budget Expectations, Credit Target And CBDC

South Indian Bank has produced two financially healthy quarters and is expecting double-digit growth in the coming quarter. In an exclusive interview with Moneycontrol, Murali Ramakrishnan spoke about a range of issues including the bank’s strategy to grow as a pan-India bank, trends in credit and business growth and expectations from the 2023 Union Budget.

Union Budget 2023: Why India’s plantation sector needs a budgetary leg-up

The potential of India’s plantation sector is undeniable but success in harnessing it has eluded us. Other countries such as Kenya and Vietnam have done far better. What can policymakers do?

Budget 2023: What is in store for banking sector? Will govt bite the bullet on crypto regulations?

The government should act urgently on crypto regulations and give clarity on the bank privatisation plan. 

Budget 2023: NASSCOM moots changes to ensure ease of doing business for IT/ITeS industry

Software industry lobby makes recommendations to government on per diem allowance, safe harbour rules and advance pricing agreements.

Budget 2023: One year into crypto income tax, but confusion prevails. Will FM provide clarification?

Budget 2023: Tax experts feel many retail investors believe that crypto-to-crypto transfers are non-taxable, while there’s ambiguity over TDS deduction on foreign exchanges.