Union Budget
Pro-poor and for common man: Finance Minister explains Budget 2023 focusses on job creation, small business and gives income tax relief
Fri, Feb 10, 2023
Budget 2023: Finance Minister Nirmala Sitharaman defended this year's Union Budget presented by her on February 1 as being pro-poor and for the common man.
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Foreign investors register worst outflow in 7 months at Rs 28,852 cr in January 2023 – what lead his drag?
Sun, Feb 05, 2023
FPI flows are expected to remain volatile as Indian equities continued their large underperformance compared to global markets, Shrikant Chouhan, Head of Equity Research(Retail), Kotak Securities, said.
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Union Budget 2023: CBDT and CBIC chairman on Income Tax Slabs and GST collection
Thu, Feb 02, 2023
Nitin Gupta, Chairperson, CBDT and Vivek Johri Chairman, CBIC talks about the changes in the tax slabs, how the restructuring of tax regimes can benefit the masses, and the impact of inflation on GST collection.
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Budget proposes 30% TDS on net winnings in online games, removes threshold for TDS levy
Wed, Feb 01, 2023
The Budget 2023-24 proposed to introduce two new provisions for TDS on online gaming -- levy of 30 per cent on payment of net winnings in a financial year and removal of the current Rs 10,000 threshold for the levy of TDS.
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No separate mention of disinvestment proceeds in Budget 2023-24
Wed, Feb 01, 2023
As per the 2023-24 Budget document, the revised estimate for miscellaneous capital receipts for the current fiscal has been pegged at Rs 60,000 crore, lower than the Rs 65,000 crore projected in Budget estimates for 2022-23.
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Budget 2023: Fully imported cars, including EVs, to cost more
Wed, Feb 01, 2023
Customs duty on vehicles in completely built units (CBUs) costing less than USD 40,000 or with engine capacity less than 3,000 cc for petrol-run vehicles and less than 2,500 cc for diesel-run vehicles has been raised from 60 per cent to 70 per cent, as per the Budget document.
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Budget 2023: Food, fertiliser, petroleum subsidies up 17% to Rs 5.21 lakh crore this fiscal; to fall 28% in FY24
Wed, Feb 01, 2023
According to the Budget document, the government has pegged total subsidies on food, fertilisers and petroleum at Rs 5,21,584.71 crore in its revised estimate (RE) for 2022-23, as against the actual budget of Rs 4,46,149.24 crore in last fiscal year.
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Union Budget: Download Budget 2023-24 PDF Document - Step-by-step guide
Wed, Feb 01, 2023
Download Budget 2023-24 PDF Document: Post the budget presentation, the full text of the speech is now available for the general public. Anyone can download the PDF version of the speech by visiting the official website - www.indiabudget.gov.in.
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Budget: Govt to cut import duty on raw material for lab-grown diamonds
Wed, Feb 01, 2023
In her budget speech, Finance Minister Nirmala Sitharaman said that India is a global leader in the cutting and polishing of natural diamonds, contributing about three-fourths of the global turnover by value.
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Budget 2023: India to set up 100 5G labs to develop new apps, services
Wed, Feb 01, 2023
According to Prabhu Ram, Head-Industry Intelligence Group, CMR, the proposal to set-up 100 labs for developing 5G applications at Indian engineering institutions "is a step in the right direction to realize new opportunities that 5G posits, and develop India-specific 5G use cases for education, healthcare and agriculture, among others".
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