Page 4 - Latest Updates on Budget Speech
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")
Abolish exemptions
Instead of reducing tax rates, Budget 2023 should take steps to reverse the decline in tax buoyancy
 "Abolish exemptions")
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")
Telangana govt, Raj Bhavan set to spar over scrapped Governor's address
Differences between Telangana Governor and state govt came to the fore with Tamilisai Soundararajan be expressing distress over Governor's address to Budget session not being scheduled this year
 "Telangana govt, Raj Bhavan set to spar over scrapped Governor's address")
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?")
It's clear a country can't regulate crypto on its own, says Sanjeev Sanyal
'There are a lot of claims about how important the sector is, but nobody really knows. So it's only when we begin to tax it will we get the scale of it', he said
 "It's clear a country can't regulate crypto on its own, says Sanjeev Sanyal")
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")
Budget 2022: Emphasis on asset creation over direct income enhancements
The government has enhanced its capital expenditure significantly with specific focus on infrastructure in areas of railways, roads, and logistics
 "Budget 2022: Emphasis on asset creation over direct income enhancements")
Budget 2022: Virtual digital assets are here to stay, says expert
'We are left with some open issues which need clarifications on the VDA', said Aravind Srivatsan
 "Budget 2022: Virtual digital assets are here to stay, says expert")
Budget impact: Capital expenditure-tilt positive for most sectors
Domestic-focussed sectors due to the government's push on infrastructure and indigenous manufacturing are the big winners in the Budget
 "Budget impact: Capital expenditure-tilt positive for most sectors")
Union Budget 2022-23: Telecom firms spar over 5G auction quantum
Airtel wants only interference-free spectrum to be put up for auction
 "Union Budget 2022-23: Telecom firms spar over 5G auction quantum")
Social sector: The focus of Budget 2022 is on effective implementation
The government has continued with earlier policies, schemes and extent of outlays, without attempting radical shifts or transformations
 "Social sector: The focus of Budget 2022 is on effective implementation")
Union Budget 2022: Govt borrowing plan may prompt reverse repo hike
15-40 bps raise likely in MPC meeting next week, say market participants
 "Union Budget 2022: Govt borrowing plan may prompt reverse repo hike")
Union Budget 2022-23: Crypto investors look to pare their holdings
Several crypto investors and traders Business Standard spoke with said the attraction of the asset class is its volatility
 "Union Budget 2022-23: Crypto investors look to pare their holdings")
Fiscal constraints
India needs to boost tax-to-GDP ratio
 "Fiscal constraints")
Smart Budget Feb 2022: Market responds with a 2.5% surge over two sessions
A 500-company sample of Q3 results, including many of the private sector majors, shows signs of inflation impacts
 "Smart Budget Feb 2022: Market responds with a 2.5% surge over two sessions")
