Page 3 - Latest Updates on Budget cycle
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 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")
Budget 2023: Govt should focus on broadening domestic economy, say experts
Clean energy is a key today and expanding use of Natural Gas via City Gas Distribution (CGD) will contribute to the efforts
 "Budget 2023: Govt should focus on broadening domestic economy, say experts")
Budget 2023: Govt likely to avoid populist measures; tax tweaks possible
FM Sitharaman is unlikely to tinker much with tax rates, yet will also steer clear of populist measures, according to economists surveyed
 "Budget 2023: Govt likely to avoid populist measures; tax tweaks possible")
Budget 2023: Railway Ministry sets in motion Rs 2-trillion budgetary push
Railways has also been focusing on building better domestic infrastructure for manufacturing trains
 "Budget 2023: Railway Ministry sets in motion Rs 2-trillion budgetary push")
Budget 2023: HR industry expects labour codes, focus on formal job creation
Randstad India also called for "Industry Status" for the staffing industry
 "Budget 2023: HR industry expects labour codes, focus on formal job creation")
PM Modi to hold pre-Budget meeting with economists, sectoral experts
Finance minister Nirmala Sitharaman will present the 2023-24 Budget in Parliament on February 1, 2023
On track to meet FY23 fiscal deficit target, inflation within RBI band: FM
'We'll bring inflation down further for the sake of common people', said FM Nirmala Sitharaman
 "On track to meet FY23 fiscal deficit target, inflation within RBI band: FM")
Abolish exemptions
Instead of reducing tax rates, Budget 2023 should take steps to reverse the decline in tax buoyancy
 "Abolish exemptions")
On the cards: Expansionary Budget with optimistic tax revenue rise
Finance Minister Nirmala Sitharaman is expected to present the next Budget on February 1
 "On the cards: Expansionary Budget with optimistic tax revenue rise")
The process involved in preparing the Union Budget: An explainer
All of this culminates on February 1, when the Cabinet approves the budget, the Finance Minister presents it to the President, then proceeds to Lok Sabha, where she rises at 11 am to begin her speech
Union Budget 2022: How the India's social sector gets short shrift
Government allocations on health and education do not meet its targets and consistently fall short in terms of actual spending
 "Union Budget 2022: How the India's social sector gets short shrift")
A bigger, not better, defence budget
Even as the total allocation has increased, it has fallen as a percentage of GDP
 "A bigger, not better, defence budget")
