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During the previous Budget, Finance Minister Nirmala Sitharaman had unveiled a fiscal strategy rooted in seven interconnected priorities, collectively referred to as the 'Saptarishi'. Let's take a deeper look into them
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The life insurance industry also saw a shift towards launch of guaranteed returns traditional policies due to higher government securities (G-sec) rates prevalent currently
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Parliament functioning in the budget session 2023 was marred by protests and counter-protests from both the opposition and treasury benches.
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The response in Delhi and Bengaluru has, so far, been tepid as there is limited new supply in the above Rs 10-crore range. Mumbai doesn't have such a problem
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From income-tax rules coming into effect after Budget 2023 to big bonanza for senior citizens to new rules for NPS withdrawal, a lot is happening. Here’s what to watch out for
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Finance minister Nirmala Sitaraman proposed the amendment to introduce marginal relief, implying that the tax liability cannot be greater than the income that exceeds the threshold.
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Investors should look at their asset allocation, and if there’s a need to buy more international funds, only then should they invest. Taxation shouldn’t be the only reason to invest, experts say
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Many people who don’t understand the need to save for the future, may decide not to save anything at all, if they have the option to pay lower taxes without deductions under the new tax regime. For such people with little to no savings, the negative fallout from this issue will manifest in the next decade or two.
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Malpass said that the private sector should be enabled that means more space for small and medium businesses and more women in labour force.
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Don’t fall for the tax-free narrative that traditional life insurance agents will be aggressively pushing over the next one month before the Budget tax proposals become applicable. Stick to term plans for insurance and equity funds for your goal-based long-term investments.
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The government aims at raising renewable energy production, reducing fossil fuel use and rapid move towards a gas-based economy, Modi said at a power ministry webinar.
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Delhi-Meerut RRTS: The 17 km-long priority section between Sahibabad-Duhai will be operationalised this year, while the entire corridor will likely open by 2025.
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A targeted cluster-led approach for SMEs with a specific global and GVC-led focus is crucial
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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
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Often urban infrastructure projects cannot be financed through debt or private sector financing due to inadequate project development, the lack of a bankable project pipeline, and high costs involved during the early stages of project development
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RBI Bulletin’s state of the economy report says the Indian economy has decoupled from the rest of the world, thanks to the Union Budget
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The trains will initially run on narrow-gauge heritage routes operated by the Kalka-Shimla Railway, the Darjeeling Himalayan Railway, the Nilgiri Mountain Railway, the Matheran Hill Railway, and others.
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"Economic challenges which are even today prevalent in terms of fuel and fertilisers. Fertilisers are coming down a bit, but even then it is a factor beyond us. These are the primary concerns," she further said.
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This scheme is mostly targeted at women who generally do not park money in formal small savings instruments
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Capital formation had slowed down considerably after 2012-13 as the investment cycle turned, but it’s moving up again now
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Realistic budget projection, slow but steady fiscal consolidation and a still high growth trajectory will ensure that the debt burden comes off in the years ahead.
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The low share of life insurance in the overall household savings is a testament to the fact that insurance in India is a push product that needs sweeteners such as tax exemptions
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Change won't come without equality. Just bringing in machines won't help. Technology, workers' rehabilitation, garbage system overhaul in line with growing cities' needs, garbage segregation awareness, and, most importantly, addressing the caste system need to together remedy the issue of manual scavenging.
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The Gangetic wetlands are the largest riverine wetland system in India, unfortunately, despite their multiple benefits, they are under tremendous stress. Budget 2023's Amrit Dharohar scheme encourages locals to remain stakeholders in conserving wetlands.
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Landlords looking to sell their land parcels to developers face around 20 percent tax on capital gains above Rs 10 crore. But experts say they can reduce outgo by structuring the deals.
