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Saturday, June 3, 2023
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Bud Expectation

Budget 2023 for tech sector: Digital India funds slashed, PAN ‘common identifier’, KYCs simplified

Sitharaman's 'technology-driven' also pushed for access to anonymised data, DigiLocker expansion & job creation through Pradhan Mantri Kaushal Vikas Yojana 4.0.

Budget 2023: Capital outlay sees 33% hike in infra boost. Focus on Nal Se Jal, PM Awas scheme

Highways sector also saw jump in allocation. Fifty airports, heliports, water aerodromes & advance landing grounds to be revived to improve regional air connectivity.

Budget 2023: Govt allocates Rs 35,000 crore for energy transition with ‘green growth’ in focus

To aid 'green growth' agenda, Sitharaman announced measures like support for scrapping & replacing old vehicles, battery storage systems & compressed biogas plants.

Budget 2023 Highlights: Budget ‘beautifully balances’ growth & fiscal considerations, says FM

AmritKalBudget unveiled by FM Nirmala Sitharaman focuses on 7 'priorities' and 4 'emphasis points'. Here, ThePrint breaks down the Union Budget 2023, and tracks reactions.

Budget 2023: Database to counter terror & organised crime gets 128% hike, marginal rise for CAPFs

Allocation for census, survey and statistics reduced to Rs 1,564.65 from Rs 3,676.00 in the current budget.

Budget 2023: ‘Infrastructure, digital, green’ — buzzwords that dominated Sitharaman’s speech

In her 1 hour 26 minute-long speech, finance minister mentioned 'infrastructure' about 26 times and both 'digital' & 'green' 21 times. The word 'amrit' appeared 12 times.

Budget 2023: Development aid for war-torn Afghanistan unchanged, cuts for Sri Lanka & Myanmar

Allocation to external affairs ministry for development assistance to foreign countries & projects fell 13% to estimated Rs 5,848.58 crore from Rs 6,750 crore in FY23.

Budget 2023: Tourism promotion in ‘mission mode’ — Unity Malls, ‘package’ development of 50 sites

States to set up ‘Unity Malls’ with objective of promotion & sale of ‘1 district, 1 product’, GI & handicraft. Amount allocated to tourism ministry same as last time, at Rs 2,400 cr.

Budget 2023: Modi govt puts focus on upgrading skills & tech, 3 new AI centres to come up

Education Ministry has been allocated Rs 1,12,899.47 cr — up by 8% from last yr — and FM has announced launch of PM Kaushal Vikas Yojana 4.0 to skill lakhs of youth within next 3 yrs.

Modi govt’s target to achieve 4.5% fiscal deficit for FY26 could see some risks, says Moody’s

Earlier in a statement, the rating agency said the narrower fiscal deficit underscores the Modi government's commitment to longer-term fiscal sustainability.

On Camera

YourTurn

Wasim Akram | Wikimedia commons

Wasim Akram showed his class against the mighty West Indies. No...

Be it the 1986 match against the West Indies or his last test hundred in 2000, Wasim Akram's knocks have resulted in multiple victories for Pakistan.
A woman shops inside the Big Bazaar retail store in Mumbai | Reuters/Niharika Kulkarni

GST collection rises 12% to Rs 1.57 lakh crore in May

The government collected 1.41 trillion rupees as GST in May 2022 and a record 1.87 trillion rupees in April.

Defence

Union Home Minister Amit Shah with Manipur CM N. Biren Singh chairs a meeting with senior officials of the Manipur Police, CAPFs and the India Army to review the security situation in Manipur, in Imphal | ANI

Manipur unrest: Army defends itself against social media attacks, says its...

Statement follows social media posts giving out names of 21 officers belonging to one of two Manipur communities locked in violence — Kukis and Meiteis — and alleges favouritism.
Illustration by Prajna Ghosh | ThePrint

Manipur saw ‘free’ India’s 1st flag hoisted. Now it’s BJP’s biggest...

There are 3 things you never do in a small northeastern state: undermine local leaders, divide and rule, push homogenisation.