The Union Finance Minister stated that capital expenditure has the potential to benefit a range of core industries, making it an effective way to ensure that money is directed to the right places and generate multiplier effects.
Mumbai (Maharashtra) [India], February 6 (ANI/PNN): Public issue of Indong Tea Company Ltd - one of leading tea garden in the foothills of a Himalayan Range is scheduled to open for subscription on February 9. Company received approval to launch its public issue on BSE SME Exchange Platform.
For 2023-24, the state government proposed a total expenditure worth Rs 290,396 crore, of which revenue expenditure is Rs 2,11,685 crore and the capital expenditure proposed is Rs 37,525 crore.
The higher spending, tax cuts and supportive policies announced in India's Budget for 2023-24 are expected to support sustained demand growth and improve the longer-term prospects for corporates.
Delhi NCR [India], February 3 (ANI/NewsVoir): The Union Budget 2023-24 includes a swathe of favourable policies and reforms that promise a considerable boost to urban infrastructure and affordable housing. For example, the outlay of PM Awas Yojana Fund has been increased by 66 per cent to Rs
The Union Budget has been prepared to aim to increase the GDP growth, bringing economic stability and supporting the weaker sections of the society, the Union Finance Secretary TV Somanathan said on Thursday.
Be it capital expenditure, the asset quality of banks, foreign exchange reserves, GST collections, fiscal consolidation path, and convergence of wholesale and retail inflation, Budget document data showed all these indicators to be on strong ground.
Sitharaman started her Budget speech at 11 am, the last full Budget of the Modi government in its second term. Like the previous two Union Budgets, Union Budget 2023-24 is also presented in paperless form.
Overall, the government proposed to increase capital expenditure outlay by 33 per cent to Rs 10 lakh crore in 2023-24, which would be 3.3 per cent of the GDP, said Union finance minister Nirmala Sitharaman.
During the mentioned period of 2022-23, the capex spending on housing and urban affairs was Rs 11,000 crore as against Rs 17,000 crore same period last year. The Budgeted capex estimate for entire 2022-23 financial was Rs 27,000 crore.