For the cooperation ministry, the government made a total budget outlay of Rs 1,150.38 crore for 2023-24, lower than the revised estimate of Rs 1,624.74 crore for 2022-23.
Posts tagged Rediff
Poll star Sitharaman woos with tax and savings sops (01-02-2023)
Finance Minister Nirmala Sitharaman on Wednesday raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections.
Insurance policies with premiums over Rs 5L to be taxed (01-02-2023)
This will not affect the tax exemption provided to the amount received on the death of a person insured. It will also not affect insurance policies issued till March 31, 2023
Sensex climbs 158 points, Nifty dips (01-02-2023)
Equity benchmarks Sensex and Nifty ended on a mixed note on Wednesday as the euphoria about the Budget fizzled out, with investors going for profit-taking ahead of the Fed interest rate decision. The 30-share BSE benchmark Sensex climbed 158.18 points or 0.27 per cent to settle at 59,708.08 after it trimmed most of the intra-day gains. During the day, it had zoomed 1,223.54 points or 2 per cent to 60,773.44.
Amrit kaal’s 1st budget fulfils dreams of…: Modi (01-02-2023)
The middle class is a big force to fulfil dreams of a prosperous and developed India and our government has taken many decisions to empower it, the prime minister said.
AI, data governance, digilocker: Budget puts tech first (01-02-2023)
The Union Budget on Wednesday outlined several initiatives to drive India’s technology agenda and boost digital infrastructure, including new centres of excellence for artificial intelligence, National Data Governance Policy, and Entity DigiLocker.
Budget: Of every rupee earned, GST’s share is 17 paise (01-02-2023)
For every rupee in the government coffer, 58 paise will come from direct and indirect taxes, 34 paise from borrowings and other liabilities, six paise from non-tax revenue like disinvestment and two paise from non-debt capital receipts, according to the Budget documents for 2023-24.
Govt to borrow record Rs 15.4 lakh crore in FY24 (01-02-2023)
The government plans to borrow a record Rs 15.4 lakh crore from dated securities in FY24 to meet its expenditure requirement to prop up the economy.
FM launches new savings scheme for women. Read here (01-02-2023)
The deposit facility for the women and girls will be for a period of two years with a rate of interest of 7.5 per cent, Sitharaman announced.
Yay or nay? Rate Sitharaman’s 5th Budget! (01-02-2023)
So how do you rate the Modi government’s 11th budget?