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Tuesday, November 5, 2024
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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.

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.

On Camera

A Donald Trump presidency threatens Indian economy. Just see his record

The chances of a trade war that raise inflation and reduce India’s economic growth are much higher under a Trump presidency.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

Rifles slung upside down, on ponies. Indian troops go on their 1st patrol in Depsang since 2020

Troops patrolled up to Patrolling Point (PP) 10 on Monday. Though there are PP 10, 11, 12, 12A & 13 in Depsang Plains, it was decided that only one or two PPs would be patrolled.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.