The Finance Department has initiated the process of preparation of the revised estimates (RE) for 2022-23 and budget estimates (BE) for 2023-24, asking departments to stick to prescribed format in furnishing facts and figures
The budget for the next year will have to address critical issues of high inflation, boosting demand, job creation and putting the economy on a sustained 8 per cent-plus growth path.
A release from the Assembly Secretariat said, the House would resume the session tomorrow where Rangasamy would present the budget.
The Centre has allocated Rs 73,000 crore for the rural employment guarantee scheme for the full financial year that ends on March 31. The ministry is committed to make necessary funds available for the programme.
While sitting MPs are entitled to use the railways’ first class air-conditioned or executive class for free, their spouses too can avail free travel under certain conditions.
In a letter written to all ministries earlier this month, the Department of Economic Affairs (DEA), under the Ministry of Finance, said that while budget announcements should be implemented within the same financial year, it has been observed that some of them take longer, requiring closer monitoring.
The state has proposed a Rs 1.56 lakh crore budget for this financial year 2022-23, a growth of 14.2% from previous fiscal.
Fees for the first couple of years, petty cash to take you through a year’s expenses….there is only so much you can plan before you fly overseas for higher studies. But expenses will crop up once you begin your course. Here’s how to manage your money then
The initiative is being sold as an opportunity for young Indians to get acquainted with the military ethos, but Agnipath may actually help ease the strain on the exchequer.
Before being tabled in the House, the budget was passed in a cabinet meeting chaired by the chief minister at his official residence here in the morning.
In the new form for filing updated I-T returns, taxpayers will have to give the exact reason for filing it along with the amount of income to be offered to tax
The minister stated that his government intends to create 20 lakh jobs in the city over the next five years under the 'Rozgar (employment) budget.'
According to the RBI staff, the 2022 Budget will continue to support aggregate demand in FY23 despite some consolidation in the government's finances.
Union Finance Minister Nirmala Sitharaman will table the Jammu and Kashmir budget for the financial year 2022-23 in Parliament on Monday.
West Bengal Chief Minister Mamata Banerjee, while addressing a post budget press conference, termed it as a pro-people budget. The budget lists a number of schemes including rural job guarantee programmes, rural housing, various welfare schemes including for widows.
The Budget has also proposed an amnesty scheme for buyers by increasing the time period from one year to three years for set-off of stamp duty.
If the great power club were to be judged by military power, and the resilience and expanse of its domestic military industrial complex, India would remain out of the club for foreseeable future
China's hike in defence spending comes amid the People's Liberation Army's growing incidents of muscle-flexing in the strategic Indo-Pacific region.
Besides understanding BNPL business models, the department’s other main agenda is the CBDC.
It is the state governments, who levy VAT on aviation fuel, who are opposing the move in the GST council
On the face of it, the sum of the Centre's gross budgetary support and internal and extra-budgetary resources, less a Rs 1 lakh crore interest-free loan to States, results in capex of Rs 11.20 lakh crore for FY23 — 2.7 percent higher than the revised estimate but 0.7 percent lower than the budget estimate for FY22. But there's less when you read between the lines.
The budget left those hoping for some tax relief hanging. But what of those who truly needed more relief in these difficult times?
In the Budget for FY23, the Government announced tax on income from 'virtual assets' which will be at 30%.
The silver lining is the government is looking to regulate the crypto industry rather than banning it
"Ahead of the monetary policy review, 10 year yields are up sharply, building on a 30 basis point rise on a year to date basis, fuelled by strong gains in US yields, rally in oil prices, upcoming policy normalisation and anticipation of a higher borrowing programme."