CJI made these observations while hearing a case seeking conversion of land allocated to SC to chambers for lawyers, as an example to government being receptive to suggestions on administrative side.
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
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
"In our view, the instrument of decoupling will be the Union Budget by raising India's growth prospects over the period 2023-27; and raising India's potential growth," said the article 'State of the Economy' published in the RBI's February 2023 Bulletin.
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.
Depositors are now more likely to park their monies in attractive bank fixed deposits, instead of government-backed savings schemes, where rate adjustments tend to happen with a lag
The Indian government, in its annual budget, allocated Rs. 197 billion for the Green Hydrogen Mission. Green hydrogen could become an alternative to fossil fuels in long-haul transport like shipping and trucking.
With forward and backward linkages to at least 250 industries and 70 trades, construction has the potential to generate lakhs of crores of jobs, if the planned investment gets off the ground
Given the backdrop of the rural economy also showing signs of recovery and the big city demand being more or less consistent, there is a reason to believe that FMCG should have a better story going ahead in the next two to three years.
The Modi government has sent out a strong message that it stands for the poorest of the poor and does not believe in crony capitalism, but equally, it stands for wealth creation
Infrastructure has definitely emerged as a clear winner after the budget. Crucial to boosting last-mile connectivity, India has decided to build 50 additional airports, heliports, and aerodromes, and identified 100 fresh projects.
"Banks are at the peak of their health in terms of asset quality and in a tight monetary environment continue to flourish. Credit expansion theme seems to be continuing and the earnings have been spectacular," said Sonam Srivastava, Founder at Wright Research
Budget 2023 attempts to expand the tax base by reducing several benefits available to HNIs. As a result, many go-to investment options for HNIs may relatively become less tax effective now
The current tax regime for the VDA sector will continue for the next one year or perhaps till the next general elections. As such, there may not be any immediate reversal of the recent exodus to better jurisdictions
Subjecting the RBI-regulated FDI to angel tax will be viewed as a negative step by the global investor community intending to participate in the India growth story keenly
Through fiscal discipline, achieving growth without succumbing to stimulus demands, and emphasis on capital expenditure and private investment, a solid foundation has been laid for the financial sector to help India’s leap to a $7 trillion economy by 2030
With an increased focus on capital creation, housing recovery, green initiatives, consumption boost and fiscal prudence, Budget 2023 puts the nation on a sustainable path of economic growth and development.
The margin profile is expected to look up because the contracts won in the last six months were better priced, taking into account inflated material costs.
Higher cost of production due to the elevated cost of gas could increase the subsidy outgo on fertilisers during 2023-24 as would the extension of the free foodgrain scheme beyond December 2023
Strong institutions are needed to make India’s ambitious green economy plans a reality. A dedicated ministry for climate change and Green GDP calculations will yield concrete institutional frameworks and targets to achieve
Karma Capital believes that the government has delivered on all counts of capex, consumption and credit.
A feature of Budget 2023 that deserves to be noticed is the increasing spread of the state to ever more sectors of the economy
After Budget 2023 proposed a new small savings scheme offering 7.5 percent interest, experts say banks can hike interest rates on Fixed Deposits (FDs) to stay ahead of the competition and attract more customers
It is imperative that while solving the twin objectives of inclusion and growth, we integrate the twin sources of funding – public as well as private investment – in this direction too. In that regard, the budget for 2023 has a lot left to be desired
In this edition of the Week on Dalal Street, CNBC Awaaz's Anuj Singhal discusses all about the market's reaction to the Union Budget 2023, sectors benefitting from it and the turmoil brewing in Adani Group's stocks. Tune in!