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Tuesday, July 22, 2025
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Budget 2023: Long-pending dam project in poll-bound Karnataka gets Rs 5,300 crore

CM Bommai thanks Sitharaman, PM for the allocation. Project envisages covering 2.25 lakh hectare of area in drought-prone districts Chikkamagaluru, Chitradurga, Tumkur & Davangere.

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.

Budget 2023: Health allocation puts focus on pharma research, collaborative R&D at ICMR labs

Total allocation for health and family welfare department stood at Rs 89,155 cr, about 0.34% higher than last year’s allocation of Rs 86,200 cr.

Budget 2023: Govt unveils one-time small savings scheme for women offering 7.5% interest rate

The maximum deposit amount has been kept at Rs 2 lakh and the scheme will have a partial withdrawal facility as well.

Govt cut funding on rural jobs scheme to Rs 600 billion in 2023-24, as per Budget 2023

The allocation is lower than the revised 894 billion rupees spending outlay for 2022-23, and the smallest since 2017/18.

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.

Opposition counters ‘Modi’ slogans with ‘Bharat Jodo’ during Sitharaman’s Budget 2023 speech

The episode was evidence of Congress’ clear intention which is believed to be coming well-prepared to counter the Central government during the Budget session.

Govt announces 50 new airports, advanced landing grounds & helipads in Budget 2023

Union Budget holds much significance as the country is scheduled to have the next Lok Sabha election in April-May 2024.

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.

On Camera

Bihar mimics 19th-century American South. Citizenship is now weaponised to exclude voters

Disenfranchisement by institutional fiat is profoundly undemocratic. The effect of the ECI's new documentary process in Bihar will tilt the scales in favour of the BJP.

India-US set to ink mini trade deal soon, reach understanding on agricultural & dairy products

Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.

Not just AK-203, India & Russia to jointly manufacture AK-19 and PPK-20 for domestic use and export 

India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.

Strategic partner one day, tactical nightmare the next: India’s learning Trumplomacy the hard way

Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.