Keeping with the government's Atmanirbhar Bharat plank, FM Sitharaman increased Customs duties on a host of items, such as umbrellas, parts of wearable devices, and electronic smart meters
The Union Budget 2022 was another decisive step towards reforms and inclusive development
NPS is the only scheme without any rupee value limit (the limit is a percentage of salary and not a specific rupee value) on the deduction
The Reason: Fall in contribution from telcos and lower dividend from RBI
A major enabler of the recovery has been increased capital expenditure by the government, which is imparting confidence to the private investors as well
As India prepares for its maiden human spaceflight, Finance Minister Nirmala Sitharaman allocated Rs 13,700 crore to the Department of Space in the Union Budget.
The fiscal deficit for FY23 has been projected at 6.4 per cent of GDP - a consolidation - but in absolute terms, the deficit is higher than FY22.
With 59 days to go for fiscal year-end, its traffic guys are poised to create an incredible annual incremental loading record of more than 190 MT
Devolution to grow 13% to Rs 8.1 trn in FY23. Power reforms to allow borrowing up to 4% of GSDP in addition to Rs 1 trn capex loans. But funding for centrally-sponsored schemes stagnates
Budget falls short of making significant budgetary allocation to key sectors of energy efficiency, sustainability and clean tech
Finance Minister Nirmala Sitharaman presented the Union Budget 2022-23 on Tuesday
The Budget maintained a fine balance between boosting job creation, supporting start-ups, sunrise and core industries, MSMEs and rural development
While retail inflation is for the moment within the Reserve Bank of India's target Range, the risk of a burst of inflation cannot be ignored
The Finance Minister hit the right chord by presenting a Budget that focuses on growth for tomorrow's India
Investments in NHAI were more than doubled to Rs 1.34 trillion, against Rs 65,060 crore in the revised estimate for FY22
Sitharaman has given infrastructure status to data centre and energy storage system, a move that will facilitate credit availability for digital infrastructure
Higher inflation and cost of capital remain key worries amid expansion
The Budget proposals on capital expenditure, MSME sector, and digital banking will boost growth and promote job creation, say experts
Priyanka Gandhi Vadra slammed the Union Budget, saying it was nothing but old "jumlas (rhetoric)" and an "attack on subsidies".
Goyal's remarks came against the backdrop of Rahul Gandhi's calling the Union Budget 2022-23 a zero-sum budget