New vs Old Tax Regime: See What Has Changed
Finance Minister Nirmala Sitharaman has increased the rebate limit for individual taxpayers from Rs 5 lakh to Rs 7 lakh a year. “..Currently, those with income up to Rs 5 … Read More
Month: February 2023
Nirmala Sitharaman Delivers Her Shortest Budget Speech At 87 Minutes
Nirmala Sitharaman completed up her fifth consecutive budget speech under 90 minutes – her shortest so far. She took 87 minutes. Last year, she clocked 92 minutes, which held the … Read More
Focus On Middle Class To Infra Push: Key Features Of Budget 2023
Finance Minister Nirmala Sitharaman announced a big ticket budget ahead of next year’s general elections which focussed on infrastructure and agri sectors and raised the rebate on income from Rs 5 … Read More
Sensex Rises Over 400 Points To 59,957 As Markets Ride Budget Momentum
Equity benchmarks Sensex and Nifty gained momentum today as Finance Minister Nirmala Sitharaman presented the Budget in the Lok Sabha. The 30-share BSE benchmark Sensex rose 1,000 points to touch an intra-day high of … Read More
Push To Mobile Manufacturing, Customs Duty On Import Of Parts Slashed
Finance Minister Nirmala Sitharaman on Wednesday announced a cut in customs duty on the import of certain inputs for mobile phone manufacturing. In her Budget 2023-24 speech, she said India’s … Read More
Rs 35,000 Crore Investment For Green Energy Transition: Finance Minister
Finance minister Nirmala Sitharaman on Wednesday provided an outlay of Rs 35,000 crore to achieve energy transition and net zero objectives and listed green growth among seven priorities of the … Read More
Fiscal Deficit To Be Under 4.5% By 2025-26, Says Finance Minister
Fiscal deficit would be brought down to below 4.5 per cent by 2025-26, Finance Minister Nirmala Sitharaman said on Wednesday. She also said that tax receipts for the next fiscal … Read More
“Unity Mall, Whole Package Destinations”: Budget Sops To Boost Tourism
Finance Minister Nirmala Sitharaman today announced that 50 tourist destinations across the country will be developed as a “whole package” in a bid to boost tourism. Presenting the Union Budget 2023-2024, … Read More
Budget 2023: Tax On Cigarettes Hiked By 16%, Companies’ Share Prices Fall
Shares of cigarette companies, including Godfrey Phillips India and ITC Ltd, plunged by up to 5% on the BSE on Wednesday after Finance Minister Nirmala Sitharaman announced a hike in … Read More
Rs 5,300 Crore Assistance To Drought-Prone Central Karnataka: N Sitharaman
Union Finance Minister Nirmala Sitharaman on Wednesday said the Centre would provide Rs 5,300 crore assistance for Upper Bhadra project in poll-bound Karnataka. In her budget speech in Parliament, Ms … Read More