Mumbai (Maharashtra) [India] February 2 (ANI/PNN): The Union Budget 2023 has emphasised the need to accelerate economic growth, create new job opportunities, and build resilient infrastructure. There was too little for the real estate sector, and it missed an opportunity to boost the home-bu
Mumbai (Maharashtra) [India], February 2 (ANI/PRNewswire): The proposed Union Budget 2023-24 largely focuses on green growth, urban infrastructure, and technology. Contrary to the expectations, there were no direct announcements for the real estate sector. However, the government continued t
Opposition parties slammed the Union Budget 2023, the last full-fledged Budget of the Modi government in its second term, and said that the Budget offers no solution to address the rampant unemployment, rising inflation as well as the growing inequality between the rich and the poor.
Uttar Pradesh Finance Minister Suresh Khanna welcomed the Union Budget, saying that it will benefit the common citizen and also create demand in the market.
Union Finance Minister Nirmala Sitharaman on Wednesday announced an increase in the income tax rebate limit from Rs 5 lakh to Rs 7 lakh stating that the new tax regime will now be the default tax regime.
While for cooperatives, the government extended 15 per cent corporate tax benefits to new cooperatives which would start manufacturing from March 2024.
Describing micro, small and medium enterprises (MSMEs) as growth engines of our economy, Nirmala Sitharaman's Budget proposes enhanced limits for micro-enterprises and certain professionals for availing the benefit of presumptive taxation.
In her budget speech, the minister made five major announcements in regard to personal income tax, saying these primarily benefit hard-working middle class
To skill youth for international opportunities, 30 Skill India International Centres will be set up across different States, the Finance Minister said.
Speaking on the Personal Income Tax rebate in the new tax regime, Sinha said, "Middle class will benefit most from this year's budget. Consumption will increase due to this move and the economy will further boost."
In her Budget speech, finance minister Nirmala Sitharaman announced an agriculture accelerator fund, which will be set up to encourage agri startups by young entrepreneurs in rural areas.