Budget 2023 LIVE updates: FM Sitharaman presents her fifth Union Budget

Catch all latest updates on Union Budget 2023-24 here as Finance Minister Nirmala Sitharaman presents the last full Budget of the government before General Elections 2024

4:46 PM

Chart check In : Are new-age stocks witnessing a trend reversal or pullback?

Shares of FSN E-Commerce Ventures on Tuesday plunged over 5 per cent, post reporting 71 per cent decline in net profit YoY in its December ending quarter. PB Fintech and Zomato fell over 2 per cent, while One 97 Communications and Delhivery lost 1.50 and 0.50 per cent, respectively.

3:59 PM

Union Budget 2023-24 visionary, far-sighted: JP Nadda

First budget of Amrit Kaal shows the visionary and far-sighted leadership of PM Modi. This budget shows our stable economy, power of young India & multicultural work ethics. This budget highlights core vision of PM Modi as it brings schemes for people at bottom of pyramid: BJP chief

10:02 PM

Watch Live Budget: CEA Dr V. Anantha will address a Press Conference on 31st Jan. 2023 in New Delhi

12:57 PM

Chart check : Are new-age stocks witnessing a trend reversal or pullback?

Shares of FSN E-Commerce Ventures on Tuesday plunged over 5 per cent, post reporting 71 per cent decline in net profit YoY in its December ending quarter. PB Fintech and Zomato fell over 2 per cent, while One 97 Communications and Delhivery lost 1.50 and 0.50 per cent, respectively. READ MORE

12:55 PM

US crackdown aims to push crypto industry back to the fringes of finance

The regulators are effectively building a wall between crypto trading and the banking and securities markets to prevent the types of systemic vulnerabilities that led to the 2008 financial crisis. READ MORE

 

12:55 PM

US crackdown aims to push crypto industry back to the fringes of finance

The regulators are effectively building a wall between crypto trading and the banking and securities markets to prevent the types of systemic vulnerabilities that led to the 2008 financial crisis. READ MORE

 

12:44 PM

ITC gains 3% a day ahead of turning ex-dividend; stock nears record high

In the past one month, the stock has zoomed 17 per cent, as compared to less than 1 per cent rise in the S&P BSE Sensex. Brokerages believe that the proposed tax hike on cigarette in the Union Budget 2023 is not very high and would be easily passed on through small price increases. READ MORE

9:46 AM

Commodity check :: Gold, Silver slide as Jerome Powell says deflationary process has begun

6:09 PM

Weather Now

3:10 PM

A 'green budget' for automotive, mobility sectors: CarTrade Tech on Union Budget 2023

"The Union Budget 2023-2024 announced by Finance Minister Nirmala Sitharaman is progressive, prudent and growth-led, with an eye to provide impetus on the savings of the public. It is a 'green budget' for the automotive and mobility sectors. The sustainability measures taken through announcements on green hydrogen and other energy sectors will help in furthering the government’s target of carbon neutrality by 2070. The increased Capex outlay on energy transition is likely to spur investments and skill development in a green economy," said Banwari Lal Sharma, CEO ,  Consumer Business, CarTrade Tech Ltd. 

 

The viability gap funding for battery energy storage systems is also likely to create critical infrastructure, while custom duty reduction on capital goods for Lithium batteries manufacturing will facilitate faster adoption of EVs, he added.

 

Further, he said that the increase in spending on infrastructure, setting up of 50 new airports and heliports, creation of 100 transport infrastructure projects are welcome moves, in addition to the central support for replacing old vehicles. All of these should drive consumption and overall demand of vehicles.

3:00 PM

Union Budget 2023-24 visionary, far-sighted: JP Nadda

First budget of Amrit Kaal shows the visionary and far-sighted leadership of PM Modi. This budget shows our stable economy, power of young India & multicultural work ethics. This budget highlights core vision of PM Modi as it brings schemes for people at bottom of pyramid: BJP chief

1:50 PM

JD(U) MP calls Budget 2023-24 'Sapno Ka Saudagar'

There is nothing in #Budget2023. It is like ‘Sapno Ka Saudagar’ - nothing comes true when you wake up after a dream. Also, nothing was mentioned about how to control inflation and unemployment: Rajiv Ranjan, JD(U) MP

1:49 PM

Union Budget 2023: All sectors are taken into consideration, says MoS He

Focus was made on technology, health sector, sickle cell and its need for treatment. Development of ICMR labs and new tech has also been focused upon. All sectors are taken into consideration in the Union Budget 2023: Union MoS for Health Bharati Pravin Pawa

1:48 PM

No solution to price-rise, inflation, unemployment: Congress MP on Budget 2023-24

"No solution to price-rise, inflation, unemployment. Poor got just words & rhetoric. Budget benefits only the big industrialists. Tax rebate up to Rs 7 Lakhs is insignificant considering the inflation and price-rise, it’s like drop in ocean for middle class," Gaurav Gogoi, Congress MP

1:34 PM

Gazette of country's inclusive development: Naqvi on Budget 2023-24

Senior BJP leader Mukhtar Abbas Naqvi on Wednesday hailed the Union budget, saying it has beaten the global economic slowdown and the "Bharat bashing brigade's propaganda".

 

"The Union budget 2023-24 has beaten the global economic slowdown and the Bharat bashing brigade's propaganda, and is committed to the country's inclusive development. This is not just a budget, but a gazette of the country's inclusive development and empowerment," Naqvi said.