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Bud Expert Opinions

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.

Sitharaman announces Agriculture Accelerator Fund in Union Budget to encourage agri-startups

The Finance Minister said the government proposes to increase the agricultural credit target to Rs 20 lakh crore with a focus on animal husbandry, dairy, and fisheries.

Inclusive development to green growth — Sitharaman lists 7 priorities of Budget 2023

The seven key priorities are inclusive development, reaching the last mile, infra and investment, unleashing the potential, green growth, youth power and financial sector.

India’s GDP to grow at 6.2% in FY24, rising interest payments a concern, says UN report

The report noted that the rising interest rates signify that interest payments could be higher than the entire education budget of a few years ago.

Union Budget 2023 to focus on deficit reduction. Education, defence funds likely to grow

Officials said funds towards health, education and defence are likely to grow at not more than 10% to 12% for the current year

India’s FY24 gross borrowing could be less than expected -economists

MUMBAI (Reuters) - India's central government's gross market borrowings for 2023/24 could come in below market expectations as a pool of securities raised to compensate states for a shortfall in goods

Newsrooms, consultancies all abuzz but missing key question: Is Budget important anymore?

When GST was rolled out in India, proposals pertaining to 45-50 per cent of the government’s tax revenue were taken out of the Budget and placed under the GST Council.

On Camera

Prajwal Revanna case shows why and how sexual crimes by men in politics can go unchecked for years

It would be a disservice to the women of Hassan to look at Prajwal Revanna’s alleged abuse of power as a ‘sex scandal’. Allegations against him show what ‘absolute power corrupts absolutely’ actually means.

Air India reduces baggage allowance by 5-15 kg, bringing it in line with rest of industry

Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.