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INDIA
Union Budget ’23-24: Highest share of Centre’s income comes from borrowings and other…
New Delhi: Union Finance Minister Nirmala Sitharaman presented the Union Budget (2023-24) on Wednesday, which was her fifth consecutive budget and the last full budget in this government's tenure.
Post the budget speech, Prime Minister…
Budget 2023: Complete list of what’s cheaper, what’s costlier
New Delhi: Nirmala Sitharaman, Union Finance Minister, today presented Union Budget for the year 2023-24. During the budget session, she announced a hike in basic customs duty on articles that are made from gold and increase in tax on…
Budget Boost to MSMEs: Rs 9,000 crore for revamped Credit Guarantee Scheme
New Delhi: Giving significant boost to MSMEs, the Union Budget 2023-24 has proposed to continue the financial sector reforms and innovative use of technology which have led to ease of access to credit and participation in financial markets.…
Centre cuts customs duty on key mobile phone parts to boost local manufacturing
New Delhi: Paying heed to the consumer electronics industry's demand, the Centre on Wednesday reduced basic custom duty (BCD) on import of certain mobile phone parts and inputs like camera lens and continued the concessional duty on…
India will set up 100 5G labs to develop new apps, services
New Delhi: With the 5G roll-out now gaining momentum in India, the Centre on Wednesday announced to set up 100 labs in the top engineering institutions to develop 5G apps and services.
India rolled out 5G services in October last year…
No tax on income up to Rs 7L in new tax regime: FM Nirmala Sitharaman
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday announced new tax slabs for 2023-24, under which no tax would be payable for income up to Rs 7 lakh per annum under the new income tax regime.
"Currently, those with an income…
Reduction in customs duty rates on goods
New Delhi: To promote exports and enhance domestic manufacturing, Finance Minister Nirmala Sitharaman during her Budget speech on Wednesday announced a reduction in customs duty rates on various commodities and products.
FM…
Govt fixes fiscal deficit target at 5.9% of GDP
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday set the fiscal deficit target for 2023-24 at 5.9 per cent of the GDP, while emphasising that the government is committed to bring it below the 5 per cent-mark by 2025-26.
In her…
Budget 23-24: Railways gets Rs 2.40L cr capital outlay, the highest ever
New Delhi: Indian Railways received a major boost from the Union Budget 2023-24 being presented by Union Finance Minister Nirmala Sitharaman in the Parliament on Wednesday.
The Finance Minister in her Budget speech announced that…
Union Budget 2023-24: Big announcements
New Delhi: Finance Minister Nirmala Sitharaman made several announcements in the Union Budget 2023-2024 on Wednesday.
Some highlights of the Budget:
* Railways get Rs 2.4 lakh crore, which is the highest ever allocation to it…