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Sunday, November 3, 2024
TopicBudget 2023

Topic: Budget 2023

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 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.

Economic Survey: Infra projects worth Rs 108 lakh cr in works under NIP, most in transport sector

National Infrastructure Pipeline projected investment of Rs 111 lakh crore for FY20-25. Survey notes India needs continued stepping up of infra investment to sustain high growth rate.

Economic Survey lauds Modi govt’s Aspirational Districts Programme — ‘good governance’ template

Launched in 2018 to improve living standards in 117 most under-developed districts, survey said health, financial inclusion outcomes better than in many non-aspirational districts.

What Economic Survey says about education: Decline in dropout rate, improved gender parity

Enrolment in schools has improved at all levels except pre-primary. According to report, in 2021-22, 40% of country's schools had internet and 89.3% had electricity.

Women empowerment at core of my government’s schemes, says President Murmu in parliament

'We are seeing the success of Beti Bachao, Beti Padhao,' she said. The President addresses both Houses of Parliament on the first day of the budget session every year.

Rupee may remain under depreciation pressure, says Economic Survey

This is due to the plateauing of exports and subsequent widening of the current account deficit. On Tuesday, the rupee depreciated 12 paise to 81.64 against the US dollar.

On Camera

As a Hindu Canadian, I am deeply hurt by cancellation of Diwali. My community is now sidelined

Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.

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.

Indian firms sanctioned by US didn’t violate laws, says MEA. Hyderabad firm that supplied to Army on list

Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.

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.