Page 3 - Latest Updates on Budget at a Glance
Union Budget 2023: Govt allocates Rs 1.23 trn for postal, telecom projects
The government has allocated Rs 2,158 crore for Optical Fibre Cable based network for Defence Services and Rs 715.8 crore for telecom projects in the North Eastern states
 "Union Budget 2023: Govt allocates Rs 1.23 trn for postal, telecom projects")
India to see challenges in meeting fiscal glide path, says Fitch analyst
The government is targeting a budget deficit of 5.9% of GDP for 2023/24, while the deficit was 6.4% in 2022/23, according to revised estimates
 "India to see challenges in meeting fiscal glide path, says Fitch analyst")
Union Home Minister Amit Shah welcomes 'all-inclusive and visionary' budget
This reflects the foresight of the Modi government to build a new India with strong infrastructure and a strong economy, he said
 "Union Home Minister Amit Shah welcomes 'all-inclusive and visionary' budget")
Budget 2023: Govt increases allocation to NHAI to Rs 1.62 trillion for FY24
The Union Budget 2023-24 has allocated an enhanced outlay of Rs 2.70 trillion for the highways sector
 "Budget 2023: Govt increases allocation to NHAI to Rs 1.62 trillion for FY24")
I-T benefits in union budget to propel deposit growth: Bandhan Bank MD
Speaking on the budget proposal for simplifying the KYC process, Ghosh hailed it as a noble effort
 "I-T benefits in union budget to propel deposit growth: Bandhan Bank MD")
Budget: Govt to set up National Digital Library for children, adolescents
The proposal has been welcomed by stakeholders in the education sector
 "Budget: Govt to set up National Digital Library for children, adolescents")
Budget: Govt proposes to simplify KYC procedure with 'risk-based' approach
The financial sector regulators will also be encouraged to have a KYC (Know Your Customer) system fully amenable to meet the needs of Digital India
 "Budget: Govt proposes to simplify KYC procedure with 'risk-based' approach")
No separate mention of disinvestment proceeds in Union Budget 2023-24
For the next fiscal beginning April 1, the miscellaneous capital receipts have been pegged at Rs 61,000 crore
 "No separate mention of disinvestment proceeds in Union Budget 2023-24")
Budget: 'Delhi got Rs 325 cr despite paying over Rs 1.75 trn tax', says CM
Finance Minister Nirmala Sitharaman presented the Union Budget for 2023-24 in the Lok Sabha on Wednesday
 "Budget: 'Delhi got Rs 325 cr despite paying over Rs 1.75 trn tax', says CM")
Budget 2023: Centre allocates Rs 946 cr to CBI; increase of over 4.4%
The agency received Rs 841.96 crore to manage its affairs in the Budget Estimates for 2022-23, which was later increased to Rs 906.59 crore in the Revised Estimates
 "Budget 2023: Centre allocates Rs 946 cr to CBI; increase of over 4.4%")
Budget 2023: Govt extends tax holiday for homegrown start-ups till Mar 2024
The tax holiday scheme was earlier available for startups incorporated till March 31, 2023
 "Budget 2023: Govt extends tax holiday for homegrown start-ups till Mar 2024")
Budget: Initiative to boost lab-grown diamond sector cheers Surat industry
The Union government has announced a package for Research and Development for five years, which will give a jump to lab-grown diamonds
 "Budget: Initiative to boost lab-grown diamond sector cheers Surat industry")
Budget 2023: Govt allocates Rs 1.96 trillion to Ministry of Home Affairs
Finance Minister Nirmala Sitharaman presented the Union Budget for 2023-24 in Lok Sabha on Wednesday
 "Budget 2023: Govt allocates Rs 1.96 trillion to Ministry of Home Affairs")
Budget 2023: Govt expects Rs 48,000-cr dividend from RBI, PSU banks in FY24
As per the Budget document, dividends from public sector enterprises and other investments have been pegged at Rs 43,000 crore for FY24 as well
 "Budget 2023: Govt expects Rs 48,000-cr dividend from RBI, PSU banks in FY24")
First budget of 'amrit kaal' lays foundation for developed India: PM Modi
It will make cooperatives pivot of development of rural economy, he said
 "First budget of 'amrit kaal' lays foundation for developed India: PM Modi")
Budget balanced, likely to boost demand in housing sector: Realty industry
"Moreover, the sustained attention on manufacturing and improvement of urban infrastructure is likely to boost the I&L sector and at the same time spur economic activity and job creation"
 "Budget balanced, likely to boost demand in housing sector: Realty industry")
Union Budget 2023: Sports Ministry receives over Rs 700-crore boost
A provision has been made in this year's budget to provide NADA a funding of Rs 21.73 crore, while NDTL, which conducts the tests, will receive Rs 19.50 crore
 "Union Budget 2023: Sports Ministry receives over Rs 700-crore boost")
Budget: Direct, indirect taxes cover 58 paise of every rupee in govt coffer
The government will spend 8 paise out of every rupee on 'other expenditures'
 "Budget: Direct, indirect taxes cover 58 paise of every rupee in govt coffer")
India's nominal GDP to reach $3.5-trn mark by March-end: Economic Survey
India's economy crossed the $3 trillion mark last year
 "India's nominal GDP to reach $3.5-trn mark by March-end: Economic Survey")
Entirely dismantle licensing, inspection and compliance regime: Eco Survey
The government, however, imparted a new dimension to these reforms in the last eight years
 "Entirely dismantle licensing, inspection and compliance regime: Eco Survey")
