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.
Bharat Rashtra Samithi MLC Kavitha Kalvakuntla on Wednesday termed the Union Budget presented by Union Finance Minister Nirmala Sitharaman as a "failure" of the Central government.
Finance Minister Nirmala Sitharaman presented the Union Budget 2023 today in Lok Sabha. This was the third time in a row that the government presented the budget in a paperless form.
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.
As the Union Budget for the financial year was presented, goods like camera lenses and mobile phones will become cheaper, while goods like electric kitchen chimneys and articles of gold and platinum will become costlier.
In June 2019, the urban unemployment rate was at 8.9 per cent, which peaked at 20.9 per cent during the COVID period, and has fallen since then to 7.2 per cent in September 2022, data revealed.
Finance Minister Nirmala Sitharaman while presenting the Union Budget 2023 on Wednesday said a specialized repository will be made in a digital epigraphy museum by the digitization of one lakh ancient inscriptions in the first stage.
Union Health Minister Mansukh Mandaviya on Wednesday said that an awareness programme will be started in the tribal areas which are badly affected by Sickle Cell Anaemia.
While for cooperatives, the government extended 15 per cent corporate tax benefits to new cooperatives which would start manufacturing from March 2024.