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Wednesday, August 27, 2025
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Budget 2023: Eye on polls, Modi govt allots Rs 15,000 cr for tribal development — 5x hike

Of nine states headed for polls this year, Meghalaya, Mizoram and Nagaland have over 85% tribal population, while two, Chhattisgarh and Tripura, have more than 30%.

Markets cheer as Budget gives boost to personal tax, Sensex shoots up to 60,528

Finance Minister raised the rebate limit for personal income tax to Rs 7 lakh from Rs 5 lakh, sending shares higher.

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.

Economic Survey says govt’s labour codes ‘in tune with market trends’. But they’ve not kicked in yet

Four labour codes, amalgamating 29 laws, were passed in 2019 & 2020. But central, state govts have yet to notify the laws that will cater to around 40 crore unorganised sector workers.

Economic Survey calls for close watch on India’s current account deficit, flags external risks

Strong domestic demand amidst high commodity prices will raise total import bill and contribute to unfavourable developments in the current account balance, warns report.

Economic Survey says services sector has ‘bright growth prospects’ but external challenges loom

Survey report cites improved performance in sectors like tourism, hotels, real estate, IT-BPM and e-commerce. Anticipates improvement in India’s services exports.

On Camera

Severe Hyderabad internet outages make it an IT hub without the IT part

Many offices in Telangana have asked their employees to work from home because of heavy rainfall, but it has become impossible due to the internet outages.

‘Not just Russian oil, India tapped us along on trade deal,’ says US treasury secy Scott Bessent

New Delhi: The US is not worried about the rupee “becoming a reserve currency” given that it is at an all-time low versus the...

CDS on differences on theaterisation—views welcome, final call to be in nation’s best interests

The Navy has always been on board with the theaterisation plan, but the Air Force feels splitting up air assets into several theatre commands is futile & will tie up critical systems.

That Oval Office picture for ages deserves closer Indian reading, with a geopolitical lens

Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.