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Bud Expert Opinions

P Chidambaram calls Budget 2023 callous, says govt has forgotten about the middle class

The former finance minister said that the income tax relief is only for those that have moved to the new regime and data about how many taxpayers switched to it is not available.

How Sitharaman can live up to her Budget promise of KYC simplification

Our response to KYC problems has been to bring technology to streamline processes. The problem is that they often don’t work as well as one would have hoped.

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.

KYC process to be simplified, announces Finance Minister in Union Budget 2023

According to Nirmala Sitharaman, the procedure will adopt a ‘risk-based’ approach rather than the ‘one size fits all’ currently in practice.

Here’s what the experts say about Union Budget 2023

The budget proposal, in which the government will increase capital expenditure by 33% to Rs 10 trillion in the next fiscal year, was praised by industry experts.

New tax regime to fiscal deficit target — Highlights from Sitharaman’s Budget 2023 speech

Modi govt will target a budget deficit of 5.9% of GDP for 2023/24, Finance Minister said in her speech, compared to 6.4% for the current fiscal year.

PM Awas Yojana raised by 66% to Rs 79,000 crore, says Sitharaman in Union Budget

This is a significant increase considering Sitharaman, in the Budget 2022, had proposed an allocation of Rs 48,000 crore for Modi government’s Housing for All initiative.

Centre to target fiscal deficit of 5.9% of GDP in Union Budget 2023, says Finance Minister

Nirmala Sitharaman said the government will aim to have strong public finances and a robust financial sector for the benefit of all sections of society.

Budget 2023: Income tax reduced — new exemption limit Rs 3 lakh, tax rebate up to Rs 7 lakh

Finance Minister Nirmala Sitharaman presented this government’s final full-fledged Budget in Parliament Wednesday.

Budget 2023 increases municipal bond issues to improve civic finances for infrastructure

The government will incentivise civic bodies to improve their finances & set up an Urban Infrastructure Development Fund to create urban infrastructure in tier-II & tier-III cities.

On Camera

Sheikh Hasina battling ‘India Out’ campaign with Indian saree. But has she made it worse?

Hasina is unabashedly India’s best friend in the neighbourhood. But Delhi is hard put to match China’s deep pockets and big investments in Dhaka.

Congress attacks chief economic advisor over statement on unemployment, asks BJP govt to ‘vacate seat’

While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.