Page 3 - Latest Updates on Budget estimates
Union Budget 2023: Rs 19,518 crore allocated to metro projects across India
The outlay for this year includes equity investment of Rs 4,471 crore, subordinate debt of Rs 1,324 cr and pass through assistance Rs 13,723 crore
 "Union Budget 2023: Rs 19,518 crore allocated to metro projects across India")
Union Budget 2023: Centre allocates Rs 44,094 crore for higher education
In 2023-24, the grant for the UGC has been increased by 9.37 per cent -- an increase of Rs 459 crore
 "Union Budget 2023: Centre allocates Rs 44,094 crore for higher education")
Landmark budget of New India that's emerging as economic powerhouse: MoS IT
Country is expanding investments in modern capex, digitalisation, modern cities, and skilling for youth, tax cuts for the middle class and expanding support and opportunities for all, minister said
 "Landmark budget of New India that's emerging as economic powerhouse: MoS IT")
Gems and jewellery industry disappointed with Union Budget for 2023-24
Currently, the basic customs duty on silver dore is 6.1 per cent, while on semi-manufactured items it is 7.5 per cent
 "Gems and jewellery industry disappointed with Union Budget for 2023-24")
Nothing in Union Budget to solve economic disparities in country: Kerala CM
The Chief Minister, in a statement, also expressed the view that the budget has not taken a regionally balanced approach
 "Nothing in Union Budget to solve economic disparities in country: Kerala CM")
Automobile industry terms Union Budget 2023-24 as 'growth-oriented'
Finance Minister Nirmala Sitharaman has proposed to further provide impetus to green mobility
 "Automobile industry terms Union Budget 2023-24 as 'growth-oriented'")
Budget lays roadmap to train lakhs of youth in the next three years: FM
Moreover, to skill youth for international opportunities, 30 Skill India International Centres will be set up across different states, Sitharaman said
 "Budget lays roadmap to train lakhs of youth in the next three years: FM")
Budget: Govt to enhance presumptive taxation limit for MSMEs, professionals
The move is aimed at promoting non-cash transactions, as per the Budget document
 "Budget: Govt to enhance presumptive taxation limit for MSMEs, professionals")
Budget 2023: Oil companies will spend Rs 1.06 trn in next financial year
Nearly half of overall expenditure would be for refineries expansion and upgrade while about 44% will be used for exploration and production of hydrocarbons, the data provided in the budget documents
 "Budget 2023: Oil companies will spend Rs 1.06 trn in next financial year")
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")
Budget 2023 a roadmap for resurgent India; aims to get fiscal house in order
Budget 2023: This budget may galvanize an effective AI ecosystem necessary to nurture buoyancy in GST revenues and improve taxpayer morale and trust in the system
 "Budget 2023 a roadmap for resurgent India; aims to get fiscal house in order")
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")
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: 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")
