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Budget Speech
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Latest Updates on Budget Speech
Interim Budget 2024: Youth scaling new heights in sports - Sitharaman
Presenting the interim budget in Parliament, Sitharaman noted that India has over 80 chess grandmasters compared to about 20 in 2010.
 "Interim Budget 2024: Youth scaling new heights in sports - Sitharaman")
Indirect taxes: Budget proposals aligned with govt's strategic priorities
Budget 2023-24 adopted seven priorities or Saptarishi, one of which is building focus on green growth
 "Indirect taxes: Budget proposals aligned with govt's strategic priorities")
Union Budget 2023-24 on expected lines, good for investment push
Investors in the automobiles sector are clearly betting on big ticket consumption improving, including commercial vehicles
 "Union Budget 2023-24 on expected lines, good for investment push")
Direct tax: Budget gives a blueprint for sustained high-growth trajectory
Presently, no TDS is required on interest payable in the case of listed dematerialised securities
 "Direct tax: Budget gives a blueprint for sustained high-growth trajectory")
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")
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")
Union Budget underscores role of digital, tech in development: Nasscom
According to Nasscom, the creation of 5G labs will further help in opening newer avenues and opportunities, scaling up new business models and employment prospects
 "Union Budget underscores role of digital, tech in development: Nasscom")
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: 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")
Budget: NPCIL gets Rs 9,410 cr as India seeks to ramp up nuclear capacity
The Department of Atomic Energy has been allocated Rs 25,078.49 crore which is lower than Rs 25,965.67 crore it had received in the revised estimates in the 2022-23 fiscal
 "Budget: NPCIL gets Rs 9,410 cr as India seeks to ramp up nuclear capacity")
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")
Union Budget 2023: Kiren Rijiju hails outlay of Rs 7,000 crore for e-courts
Rijiju has termed the allocation as "unprecedented", which will create paperless courts for faster delivery of justice
 "Union Budget 2023: Kiren Rijiju hails outlay of Rs 7,000 crore for e-courts")
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")
