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.
These two budgets serve distinct purposes and timelines, catering to specific needs within India's economic cycle.
The minister also said that ambulances and press vehicles are exempted from toll tax charges.
'Let the current bill get passed in the Parliament first. Thereafter, we may think about it (slashing tax rate),' says FM Sitharaman
'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.
The tax experts felt that the government should have extended the deadline for availing 15 per cent corporate tax beyond March 2024.
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.
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.
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.
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
The period of dramatic growth in global trade that took place between 1995 and 2010 is gone, says T V Somanathan
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%
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.”
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.
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."
Talking at the Business Today Budget Round Table 2023, Ashwani Mahajan, National Co-convener of Swadeshi Jagran Manch said, the probable intervention by foreign hands must be debated.
BT Budget 2023 Roundtable: Congress’ Supriya Shrinate questioned BJP’s Sudhanshu Trivedi on how is the Modi government incentivising India Inc or corporate India by letting one man build monopolies across sectors.
Commending the central government’s focus on long-term economic growth and fiscal discipline in Budget 2023, experts have said that it would prepare the ground for many more enabling policies in the future.
BT Budget Roundtable 2023: Finance Minister Nirmala Sitharaman, while presenting the Budget, said that the new tax regime will be the default tax regime from now.
He was speaking at Business Today Budget roundtable 2023, in conversation with Siddharth Zarabi, Managing Editor, Business Today TV.
BT Budget 2023 roundtable: Nitin Gadkari said that commuters will avoid taking short-distance flights with the improvement in road connectivity.
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