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Union Budget

Tax

Buying foreign stocks? TCS on overseas remittance hiked from 5% to 20%. [details]

The increased Tax Collected at Source (TCS) will take effect from July 1, 2023. Feb 1, 2023
Electric vehicle

EVs to get cheaper: Centre proposes customs duty exemption on batteries; industry hails decision [details]

Finance Minister Nirmala Sitharaman in her Union Budget 2023-24 speech said that the subsidies on EV batteries will be extended for one more year, hence making EVs cheaper in the country. Feb 1, 2023
Life insurance

No tax exemption for insurance policies with premium above Rs 5 lakh; there's a silver lining

While this will dampen the interest of individuals to buy high value traditional insurances, it will increase the focus on term plans and pure risk covers which is good. Feb 1, 2023
Union Finance Minister Nirmala Sitharaman.

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
Nirmala Sitharaman

Union Budget 2023: Did FM Nirmala Sitharaman meet the expectations? [key points]

In her fifth budget in the Parliament, FM Nirmala Sitharaman put the fiscal deficit 2023-24 estimate at 5.9 % of the GDP. Feb 1, 2023
Indian Railway Rail projects

Rail Budget 2023-24: Focus on incomplete projects, big push for Make in India

In the upcoming Railway Budget, the emphasis will be on the development of infrastructure, 'Make in India' high-speed trains and the completion of incomplete railway projects. Jan 29, 2023
Budget 2021-22

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
Union Budget

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
Anurag Thakur

Cabinet clears national green hydrogen mission with an outlay of Rs 19,744 cr [details]

The union cabinet on Wednesday cleared the government's ambitious National Green Hydrogen Mission with an outlay of Rs 19,744 crore. Jan 4, 2023
Prime Minister Narendra Modi

Modi to open PM Kisan Samman Sammelan on Oct 17; to release funds worth Rs 16,000cr [details]

Prime Minister Narendra Modi will inaugurate "PM Kisan Samman Sammelan 2022" on October 17 at Indian Agricultural Research Institute in the national capital. Oct 15, 2022
J&K becoming dynamic part of the Indian Growth story.

Jammu and Kashmir Budget: A Key Element In A Transformative Strategy

The new economic strategy holds promise in transforming J&K from being a sinkhole for India's scarce resources to a dynamic part of the Indian Growth story. Apr 10, 2022
Rahul Gandhi

"Zero Sum budget": Rahul Gandhi; Tweets tweaking 0 [Details]

"M0di G0vernment's Zer0 Sum Budget!" In his tweet, Rahul Gandhi deliberately put the figure 'zero' instead of the letter 'O', criticising the Budget in totality Feb 1, 2022
cryptocurrency

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
KCR

Budget disappointing, directionless, useless and without purpose: KCR

Calling it a 'Golmaal Budget', the TRS leader said it did not project the facts. Telangana Chief Minister K. Chandrasekhar Rao on Tuesday termed the Union Budget as highly disappointing, directionless, useless, and purposeless. Feb 1, 2022
Union Budget 2018

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
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