The FAME-2 subsidy accounts for 85% of the total Budget allocation of Rs 6,145 crore for the Ministry of Heavy Industries.
India’s policies are made keeping India in mind and will not be changed to suit foreign investors, says TV Somanathan
Here are some key highlights from Finance Minister Nirmala Sitharaman's exclusive post-Budget interview with Network18
Industry experts believe that the government has struggled to ramp up the execution of the monetisation plan and get the private sector enthused about it.
Nirmala Sitharaman Exclusive Interview Highlights: On the Hindenburg effect the FM said both SBI and LIC have issued detailed statements. They, the FM added, have said they are sitting over profits for the exposure they have, which is well within limits from what I understand.
Vinayak said that the Budget met 7-8 items on his Budget wishlist and the current government has been consistent in its approach to growing the economy through capital investment.
Tune in to Moneycontrol at 2:00 pm on February 3 for the interview with Finance Minister Nirmala Sitharaman, a big Network 18 exclusive.
Sticking to the medium-term target is needed to keep the public debt ratio sustainable, says Shilan Shah, Senior India Economist at Capital Economics, says
Highly promising sectoral funds, specifically infrastructure or banking and financial services, and the ones dedicated to themes like transport and logistics and manufacturing can be considered.
Budget 2023 Analysis Highlights: The last full Budget of Modi government before the 2024 Lok Sabha elections did give more cash in hand to the middle class, but at the same time, stuck to the path of fiscal prudence. From the new 'default tax regime' to infra boost, here's a detailed analysis of all the proposals announced by FM Sitharaman.
The steps taken to simply KYC will in turn simplify digital spending and investment processes, say fintech startups and investors.
The heavy silk (800 gm) saree worn by FInance minister Nirmala Sitharaman during Budget presentation is said to chariots, peacocks, and lotuses emroidered on it.
To ensure that the long-standing demand to mitigate delayed payment issues is met, Finance Minister Nirmala Sitharaman laid down strict rules to make sure corporates can claim deduction only once payments to MSMEs are cleared.
Here are some of the highlights from Finance Minister Nirmala Sitharaman's presentation of the Union Budget 2023 in the Lok Sabha on February 1.
The Budget 2023-24 extended duty exemption to the import of capital goods and machinery required for making lithium-ion cells for batteries used in EVs, which is expected to being down cost of EVs
Key takeaways for customers looking to purchase a car or two-wheeler this year
From amendments in the new tax regime, to increasing financial literacy and employability, amongst others; FM Nirmala Sitharaman had a lot of goodies in her bag for the youth of the nation.
Many of the pointers mentioned by ChatGPT were addressed by Finance Minister Nirmala Sitharaman in her Budget 2023 presentation.
All the major Budget 2023 income tax changes that were announced by Finance Minister Nirmala Sitharaman today
While the health ministry had received a 16 percent hike last year, the rise of a mere 12 percent this year may barely cover the inflation
“Replacing old polluting vehicles is an important part of greening our economy. I have allocated adequate funds to scrap old vehicles of Centre and State governments,” stated Sitharaman while presenting the Union Budget.
The initiative will enable the country’s artisans to improve the quality, scale, and reach of their products, integrating them with the Micro, Small and Medium-scale Enterprises (MSME) value chain.
In order to help the agriculture industry, which continues to be one of the largest employment sector in the economy, the government regularly raises the farm credit objectives each year. Hence, the hike in agri-credit target is along expected lines.
Budget 2023: Finance minister Nirmala Sitharaman said, "To inculcate financial literacy, financial sector regulators and organisations will be encouraged to provide age-appropriate reading material to these libraries."
She also said the enhanced capex of Rs 10 lakh crore for infrastructure development is at 3.3 per cent of the GDP.