Decoding the Budget

FM Nirmala Sitharaman announced various schemes surrounding these seven priorities in Union Budget 2023.

Updated : Dec 28, 2023

Budget 2024: A look at Saptarishi, the 7 priorities of Budget 2023

In Budget 2023, Union Finance Minister Nirmala Sitharaman listed seven top priorities of the Union Budget 2023 that would act as the 'Saptarishi' guiding the government through the Amrit Kaal.

Updated : Dec 22, 2023

Interim budget vs full-year budget: Decoding the basics before Budget 2024

These two budgets serve distinct purposes and timelines, catering to specific needs within India's economic cycle.

Gadkari also revealed plans to open the National Highways Infra Trust (NHAI InvIT)

Updated : Feb 7, 2023

'There are no answers for some questions': Nitin Gadkari on why politicians are not charged toll tax

The minister also said that ambulances and press vehicles are exempted from toll tax charges.

Updated : Feb 6, 2023

BT Budget Roundtable: Will FM slash income tax rate from 30% to 25% in next budget?

'Let the current bill get passed in the Parliament first. Thereafter, we may think about it (slashing tax rate),' says FM Sitharaman

Sitharaman also responded when told that Congress leader Rahul Gandhi had termed ‘Amrit Kaal’ as ‘Mitr Kaal’

Updated : Feb 6, 2023

FM Sitharaman explains why India loves ‘Hum Aapke Hain Koun’

'The film was enjoyed by one and all as it spread happiness and togetherness among family members. That should be our motto for the betterment of our country,' Sitharaman added.

Speaking at BT Budget Roundtable, corporate leaders hailed the government for not introducing any new tax and reducing surcharge on people with high income.

Updated : Feb 6, 2023

BT Budget Roundtable: 'Not extending deadline for lower corporate tax biggest miss of Budget 2023,' say experts

The tax experts felt that the government should have extended the deadline for availing 15 per cent corporate tax beyond March 2024.

Railway Minister Ashwini Vaishnaw at Business Today’s Budget Roundtable 2023

Updated : Feb 6, 2023

BT Budget Roundtable: Can make many more high-speed corridors in the future, says Railway Minister Ashwini Vaishnaw

I wouldn't take any name of any other country, but there are countries which have taken 15 to 18 years to design the high-speed railway, Vaishnaw said.

Minister of Electronics and IT Ashwini Vaishnaw at Business Today’s Budget 2023 Roundtable

Updated : Feb 6, 2023

BT Budget Roundtable: Semiconductors important for India’s future, says IT Minister Ashwini Vaishnaw

India announced its semiconductor policy on January 1, 2022, with a financial outlay of Rs 76,000 crores for not just setting up the wafer and display fabs but building a semiconductor ecosystem.

Updated : Feb 6, 2023

FM Sitharaman on India's GDP growth: 'Very uncertain time, difficult to project number'

The ongoing war in Ukraine and the central banks' move to hike interest rates to tame persistent high inflation have slowed down economic growth globally. A number of countries are likely to slip into recession, according to World Bank and IMF.

FM Sitharaman also denied that the private sector had been holding itself back from investing in greenfield projects

Updated : Feb 6, 2023

Reskilling necessary as Indian industry looks to significantly expand manufacturing capacity, says FM

BT Budget Roundtable: Sitharaman said that since most such jobs required definitive skill sets, the government had committed itself to encouraging Industry 4.0 and upskilling of manpower in a big way in the budget proposals for FY24

According to Somanathan, the current economic realities dictate that the fiscal deficit may remain at that level

Updated : Feb 6, 2023

BT Budget Roundtable: Days of 10% GDP growth are gone, says Finance Secretary

The period of dramatic growth in global trade that took place between 1995 and 2010 is gone, says T V Somanathan

Last year, the government of India (GoI) had raised the capital expenditure target significantly to Rs 7.5 lakh cr

Updated : Feb 6, 2023

BT Budget Roundtable: Confident about achieving Rs 10 lakh cr capex target for FY24, says Finance Secretary

T V Somanathan said the Rs 7.5 lakh crore target that the government had set for itself for FY23 will be met at over 97%

GST has only done simplification of several complex issues.

Updated : Feb 6, 2023

BT Budget Roundtable: Attaining 10% GDP is like a distant dream right now, says Finance Secy Somanathan

Somanathan said, “ I doubt that we should. 10 per cent GDP growth in the present era cannot be attainable sustainably. It is not very realistic.”

Meanwhile, Munot said that in the last few years, India has seen a consumption-led growth and one can see the difference between government capex, corporate capex and household capex.

Updated : Feb 6, 2023

Snapdeal’s Kunal Bahl hails PAN card as common identifier for businesses

Bahl said that with the government focusing on data embassies, it can only be determined that digitisation remains the key aspect of the country right now.

At the roundtable, Sinha also talked about the new income tax regime, under which significant changes were announced at the Union Budget 2023.

Updated : Feb 6, 2023

'A rupee spent on road will give a return of 2.5 times,' says Jayant Sinha; calls capex secret sauce for growth

Talking about India's GDP growth, Sinha said that next year, global economy is likely to hit a recession or be very close to a recession. "With the global economy in a recessionary scenario, for us to be able to do a 6.5 per cent growth is absolutely remarkable and that is why India is being seen as a shining star globally."

Adani-Hindenburg issue should be debated in the Parliament, urges Swadeshi Jagran Manch

Updated : Feb 6, 2023

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Decoding the Budget

Budget 2024: A look at Saptarishi, the 7 priorities of Budget 2023

Interim budget vs full-year budget: Decoding the basics before Budget 2024

'There are no answers for some questions': Nitin Gadkari on why politicians are not charged toll tax

BT Budget Roundtable: Will FM slash income tax rate from 30% to 25% in next budget?

FM Sitharaman explains why India loves ‘Hum Aapke Hain Koun’

BT Budget Roundtable: 'Not extending deadline for lower corporate tax biggest miss of Budget 2023,' say experts

BT Budget Roundtable: Can make many more high-speed corridors in the future, says Railway Minister Ashwini Vaishnaw

BT Budget Roundtable: Semiconductors important for India’s future, says IT Minister Ashwini Vaishnaw

FM Sitharaman on India's GDP growth: 'Very uncertain time, difficult to project number'

Reskilling necessary as Indian industry looks to significantly expand manufacturing capacity, says FM

BT Budget Roundtable: Days of 10% GDP growth are gone, says Finance Secretary

BT Budget Roundtable: Confident about achieving Rs 10 lakh cr capex target for FY24, says Finance Secretary

BT Budget Roundtable: Attaining 10% GDP is like a distant dream right now, says Finance Secy Somanathan

Snapdeal’s Kunal Bahl hails PAN card as common identifier for businesses

'A rupee spent on road will give a return of 2.5 times,' says Jayant Sinha; calls capex secret sauce for growth

Adani-Hindenburg issue should be debated in the Parliament, urges Swadeshi Jagran Manch

'Not a squeak from regulators': Congress' Supriya Shrinate tears into ongoing Adani vs Hindenburg row

BT Budget Roundtable: Govt has done well by giving precedence to growth over populism, say experts

Old tax regime vs new tax regime: New tax regime's acceptance will take time, say experts

Nitin Gadkari has ambitious plans for India's roads, says they will be on par with US by 2024

Delhi to Dehradun in 2 hours! Nitin Gadkari gives a sneak peek into future travel-time between Indian cities

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