Union budget

Mahila Samman Savings Certificate scheme comes into effect from today [Details]

The Mahila Samman Savings Certificate 2023 scheme, which was announced by the government in the Union Budget, has come into effect from Friday.

Mar 31, 2023

AAP raps FM: Delhi's gets Rs 325 cr despite paying Rs 1.78L cr in direct taxes [details]

Chief Minister Arvind Kejriwal called the Budget a "step-motherly treatment with the public of Delhi".

Feb 5, 2023

Govt announces Customs duty cuts on goods other than textiles, agriculture; see what's changed

Union Finance Minister Nirmala Sitharaman during her Budget speech on Wednesday proposed to reduce the number of Basic Customs Duty (BCD) rates on goods other than textiles and agriculture from 21 per cent to 13 per cent.

Feb 1, 2023

Union budget likely to continue capex hike to boost investment [details]

The forthcoming Union budget is expected to focus on boosting capital expenditure in 2023-24 too, as has been the case for the past several years.

Jan 22, 2023

Only twice in 30 years, the market's been up both pre and post Budget [details]

History suggests that the Union Budget's influence on short-term market performance is declining, foreign brokerage, Morgan Stanley said in a report.

Jan 22, 2023

Road safety body IRF urges FM to waive GST on 'life saving helmets'

Road safety body International Road Federation (IRF) wrote a letter to Union Finance Minister Nirmala Sitharaman, demanding removal of GST on life saving device helmets for safety of the two-wheeler riders in the forthcoming Union Budget 2023-24.

Jan 19, 2023

Fair price shop owners oppose decision to stop PMGKAY, threaten agitation, ration bandh

Fair price shop dealers have opposed the government's decision to stop the Pradhan Mantri Garib Kalyan Ann Yojana (PMGKAY), saying that they will incur a loss of Rs 484 crore due to the move.

Jan 12, 2023

Hopes High on Budget 2023-24: Relaxed tax slabs, increased deductions, focus shifts to rural schemes and social security [details]

Since it's a politically and economically crucial year for the current government, the expectations are running high

Jan 12, 2023

Income tax exemption limit likely to be enhanced to Rs 5 lakh in 2023-24 budget

The government is likely to enhance the income tax exemption limit to Rs 5 lakh from the existing Rs 2.5 lakh in the forthcoming budget for 2023-24, sources privy to developments said

Dec 29, 2022

Indian Entrepreneurs 2023-24 budget wish: A ration shop for raw materials [Details]

A ration or fair price shop for raw materials; bringing Small Industries Development Bank of India (SIDBI) under the Ministry of Micro, Small and Medium Enterprises (MSME); abolition of capital gains tax on properties sold by micro entrepreneurs; are some of the Union Budget 2023-24 wish list of the Association of Indian Entrepreneurs (AIE).

Nov 28, 2022

400 Vande Bharat trains in 3 years: What it means for Integral Coach Factory [Details]

It was a moment of great pride for the team that created Vande Bharat trains (also known as Train 18) when Finance Minister Nirmala Sitharaman announced production of 400 trains over the next three years, said the train creator.

Feb 2, 2022

J&K gets ₹35,581 crore from Budget; ₹33,293 crore to be utilized to meet resource gap [details]

Rs 273 crore has been allocated as grants towards rehabilitation of Dal-Nageen Lake, Rs 279 crore as grants towards contribution to Disaster Response Fund. Read more.

Feb 2, 2022

Cryptocurrency future comes under scanner, attracts 30% tax

Hitting hard private cryptocurrency exchanges and apps, the government announced a 30 per cent tax on any income from the transfer of virtual digital assets, specifying that no deductions and exemptions will be allowed.

Feb 1, 2022

What's missing in Budget? Income support, lower tax burden and many more

The Union Budget 2022-23 continues to focus on boosting supply side over demand, with no mention of rural employment, ta sops, and the continued divide between the formal and informal economy.

Feb 1, 2022

FM Sitharaman to present Union Budget in paperless form, no "Halwa" ceremony

Like last year, Union Minister Nirmala Sitharaman will present the Union Budget for FY23 in paperless form at the Parliament on February 1.

Jan 28, 2022

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Dalal Street hopes for abolition of Securities Transaction Tax

The biggest positive trigger for Dalal Street in the upcoming Union Budget 2022 could be any abolition of Securities Transaction Tax. The street will watch if the government is able to reverse the economic downturn caused by Covid-19 which has led to severe financial disruption at both industrial and individual levels.

Jan 26, 2022

Budget 2022: Countdown to budget session begins, salaried tax payers expect major relief [key points]

The budget session of Parliament will commence on January 31 with the address of President Ram Nath Kovind to both the houses. While the first half of the session will run from January 31 to February 11, it will reassemble on March 14 and sit until April 8

Jan 20, 2022

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