Page 3 - Latest Updates on Budget Speech
Budget: Govt proposes to simplify KYC procedure with 'risk-based' approach
The financial sector regulators will also be encouraged to have a KYC (Know Your Customer) system fully amenable to meet the needs of Digital India
 "Budget: Govt proposes to simplify KYC procedure with 'risk-based' approach")
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: 'Delhi got Rs 325 cr despite paying over Rs 1.75 trn tax', says CM
Finance Minister Nirmala Sitharaman presented the Union Budget for 2023-24 in the Lok Sabha on Wednesday
 "Budget: 'Delhi got Rs 325 cr despite paying over Rs 1.75 trn tax', says CM")
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: Full text of the speech by Finance Minister Nirmala Sitharaman
Here is the full text of the speech given by Finance Minister Nirmala Sitharaman in the Parliament
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")
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")
First budget of 'amrit kaal' lays foundation for developed India: PM Modi
It will make cooperatives pivot of development of rural economy, he said
 "First budget of 'amrit kaal' lays foundation for developed India: PM Modi")
Budget balanced, likely to boost demand in housing sector: Realty industry
"Moreover, the sustained attention on manufacturing and improvement of urban infrastructure is likely to boost the I&L sector and at the same time spur economic activity and job creation"
 "Budget balanced, likely to boost demand in housing sector: Realty industry")
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")
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 should focus on broadening domestic economy, say experts")
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 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")
