Page 4 - Latest Updates on Budget estimates
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")
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")
Statsguru: Six charts show average variation in the Budget estimates
In the ten years between 2012-13 and 2021-22, the government has been able to meet its Budget Estimate (BE) only four times
 "Statsguru: Six charts show average variation in the Budget estimates")
60% households expect dip in earning, seek relief in Budget 2023: Survey
LocalCircles claimed that 37,000 responses were received from household consumers across 309 districts of India, comprising 64% men, 36% women from tier 1, tier 2 and smaller towns as well
 "60% households expect dip in earning, seek relief in Budget 2023: Survey")
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 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 session: President's address to be held in old Parliament building
The Budget Session of Parliament is likely to begin on January 31 and is expected to conclude on April 6 with a recess in between
 "Budget session: President's address to be held in old Parliament building")
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")
Budget wishlist: Pharma, healthcare industries seek simplified regulations
Fortis Healthcare MD & CEO Ashutosh Raghuvanshi said increased policy support is required to encourage, facilitate medical value travel to India
 "Budget wishlist: Pharma, healthcare industries seek simplified regulations")
At Rs 14.71 trn, direct tax collection hits 86.6% of FY23 target by Jan 10
The finance ministry issued refunds amounting to Rs 2.4 trillion till January 10
 "At Rs 14.71 trn, direct tax collection hits 86.6% of FY23 target by Jan 10")
Best of BS Opinion: Conservative budgeting, financialising economy & more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Conservative budgeting, financialising economy & more")
Conservative budgeting
Fiscal space should be used carefully
 "Conservative budgeting")
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
 "PM Modi to hold pre-Budget meeting with economists, sectoral experts")
India can't afford yet more disruptions to supply chains: Ficci President
'What is most unfortunate is that countries are looking to finance their transition to a green economy by taxing others'
 "India can't afford yet more disruptions to supply chains: Ficci President")
Enhance budget for PLI scheme and widen its coverage: Assocham
The government's PLI scheme, introduced in 2021, had an outlay of around Rs 2 trillion for 13 sectors
CBDT seeks detailed report on the top 15 taxpayers in each region
Directive issued for maximising revenue collection and monitoring advance tax mop up
 "CBDT seeks detailed report on the top 15 taxpayers in each region")
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")
