Page 2 - Latest Updates on Budget estimates
Budget 2023: From Ashok Leyland to L&T, brokerages bet on cyclical stocks
Here are 10 stocks across sectors that are expected to gain the most from the various proposals
 "Budget 2023: From Ashok Leyland to L&T, brokerages bet on cyclical stocks")
Social sector: The emphasis of Budget is on the consolidation of schemes
The government has ring-fenced financial outlays for various social sectors, and this is reflected in nominal increases and efforts to make them more effective
 "Social sector: The emphasis of Budget is on the consolidation of schemes")
Govt to move to exemption-free I-T regime with lower taxes: Revenue Secy
In an interview to PTI, Malhotra said the government does not have any specific timeline to make the new regime mandatory for taxpayers
 "Govt to move to exemption-free I-T regime with lower taxes: Revenue Secy")
Union Budget 2023: Allocation for aid to foreign countries cut by 2.6%
Some of the countries whose allocation has been reduced under this head include Bhutan, Afghanistan and Mauritius
 "Union Budget 2023: Allocation for aid to foreign countries cut by 2.6%")
Union Budget 2023-24: Funding for IIMs brought down to Rs 300 crore
According to the Budget Estimates (BE) for 2022-23, the IIMs were allocated an amount of Rs 653.92 crores
 "Union Budget 2023-24: Funding for IIMs brought down to Rs 300 crore")
Budget: Govt announces 150% hike in outlay of Swachh Bharat Mission-Urban
The Smart Cities Mission was allotted Rs 8,000 crore as against Rs 8,800 crore in the revised estimates for the last fiscal
 "Budget: Govt announces 150% hike in outlay of Swachh Bharat Mission-Urban")
Union Budget stands to benefit all sections of society: Anurag Thakur
He said the budget stands firm on the foundation laid by the previous budgets presented by the Narendra Modi government
 "Union Budget stands to benefit all sections of society: Anurag Thakur")
Budget allocates Rs 4,692 cr for Ministry of Information and Broadcasting
The allocation to the government's autonomous body, Prasar Bharati, has been increased to Rs 2,808.36 crore from Rs 2,764.51 crore allotted to it in the last fiscal
 "Budget allocates Rs 4,692 cr for Ministry of Information and Broadcasting")
'Union Budget 2023-24 is a road map for nation building', says Assocham
The chamber which has been seeking relief to the MSMEs expressed gratitude to the government for giving several incentives to the small businesses and the start-ups
 "'Union Budget 2023-24 is a road map for nation building', says Assocham")
Union Budget: Rs 28,138 cr allocated to meet requirements for OROP scheme
The Budget marked an increase in the allotment for Ex-Servicemen Contributory Health Scheme (ECHS) with Budget Estimates of Rs 5,431.56 crore in FY 2023-24 as against Rs 3,582.51 crore in FY 2022-23
 "Union Budget: Rs 28,138 cr allocated to meet requirements for OROP scheme")
Budget 2023-24: Civil Aviation Ministry's allocation dips to Rs 3,113.36 cr
The Budget allocated Rs 3,113.36 crore to the ministry, against Rs 10,667 crore in 2022-23, which was later revised to Rs 9,363.70 crore
 "Budget 2023-24: Civil Aviation Ministry's allocation dips to Rs 3,113.36 cr")
Life insurance firms' shares fall on taxation proposal related to policies
According to Union Budget documents, an individual will have to pay tax on the maturity amount of life insurance policies where the aggregate annual premium exceeds Rs 5 lakh
 "Life insurance firms' shares fall on taxation proposal related to policies")
Budget 2023: Govt pegs FY24 disinvestment revenue target at Rs 51,000 crore
For the next fiscal beginning April 1, the miscellaneous capital receipts have been pegged at Rs 61,000 crore, including Rs 51,000 crore from disinvestment
 "Budget 2023: Govt pegs FY24 disinvestment revenue target at Rs 51,000 crore")
Budget numbers highly doable, should push private capex cycle: BoB chief
The budget also has penciled in a lower revenue growth forecast given the most-likely fall in nominal GDP from 15.5 per cent this fiscal to about 10 per cent next year
 "Budget numbers highly doable, should push private capex cycle: BoB chief")
Budget 2023: Govt allocates nearly Rs 12,544 crore to Department of Space
ISRO plans to launch Chandrayaan-3, India's third lunar mission, in July using the Launch Vehicle Mark-3
 "Budget 2023: Govt allocates nearly Rs 12,544 crore to Department of Space")
Union Budget 2023: Govt proposes taxation changes related to REITs, InVITs
The move is aimed at widening the tax base
Govt projects 10.5% growth in revenue from taxes to Rs 18.23 trn in FY24
Collections from Customs duty are expected to rise by 11% to Rs 2.33 trillion, from Rs 2.10 trillion in the revised estimates
 "Govt projects 10.5% growth in revenue from taxes to Rs 18.23 trn in FY24")
Budget 'progressive'; ticks all boxes, powers India's growth drive: Scindia
He also said the Budget gives a huge impetus to the vision of Ude Desh ka Aam Naagrik (UDAN)
 "Budget 'progressive'; ticks all boxes, powers India's growth drive: Scindia")
Hero MotoCorp Chairman Munjal hails Budget; seeks GST cut on two-wheelers
Munjal said that the finance minister presented an inclusive budget with a vision to develop Bharat and India and its various constituents simultaneously
 "Hero MotoCorp Chairman Munjal hails Budget; seeks GST cut on two-wheelers")
Union Budget 2023: Govt allocates Rs 35,581 crore to Jammu and Kashmir
This allocation is substantially lower than the current fiscal's revised estimate of Rs 44,538.13 crore
