Page 4 - Latest Updates on Budget presentation
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")
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: FM may bring fiscal deficit target down to less than 6% of GDP
Fiscal deficit helps in assessing macroeconomic stability of a nation, which also impacts inflation
 "Budget 2023: FM may bring fiscal deficit target down to less than 6% of GDP")
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 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")
Union Budget 2023: Long-term capital gains tax likely to be rationalised
This tax was discontinued in 2005, but was reintroduced in 2018 in the Union Budget for that fiscal
 "Union Budget 2023: Long-term capital gains tax likely to be rationalised")
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")
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
 "Enhance budget for PLI scheme and widen its coverage: Assocham")
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
 "The process involved in preparing the Union Budget: An explainer")
The end of budget day carnival?
In India, the average length of a budget speech is about 13,600 words and takes over two and a half hours to complete
 "The end of budget day carnival?")
Budget 2022: Some musings
The worrisome issue of fiscal consolidation remains a major concern
 "Budget 2022: Some musings")
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")
Finance Ministry's real FY23 GDP forecast lower than in Economic Survey
The last time India's real GDP was at 8 per cent-plus was in 2015-16 (8 per cent) and 2016-17 (8.3%)
 "Finance Ministry's real FY23 GDP forecast lower than in Economic Survey")
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")
Lower allocation
Budget for rural India may need to be revisited
 "Lower allocation")
Next steps on privatisation
Budget detaches the programme from fiscal needs
 "Next steps on privatisation")
