Finance Minister Nirmala Sitharaman will present the Union Budget for 2023-24 in Parliament on February 1. The Budget is a statement of the government’s estimated receipts and expenditures for a fiscal year (April 1 to March 31). It’s divided into Revenue and Capital Budget. The Revenue Budget includes the government’s revenue receipts and expenditures while the Capital Budget includes its capital receipts and payments.
Posts tagged Rediff
What Rs 100 Could Buy 50 Years Ago… (23-01-2023)
The ever-astute Ravi Matthai, Director of Indian Institute of Management, Ahmedabad in 1971, offered me a basic salary of Rs 1,000 per month on my return from the United States. I doubt if IIMA could hire a faculty member at Rs 55,000 per month today! points out Dr Shreekant Sambrani.
Sebi May Permit Sponsor-Less Mutual Funds (23-01-2023)
To become a sponsor-free AMC, a MF must have positive liquid net worth and net profit of at least Rs 10 crore in all of the preceding five years.
ITC stock a good buying opportunity (23-01-2023)
Target prices around Rs 400 suggest a significant upside.
‘Long-term outlook for Infosys remains intact’ (23-01-2023)
Strong Q3 brings Infosys comfort amid macro risks.
Bajaj’s e-Chetak to speed into Europe by 2024 (21-01-2023)
The electric Chetak has already sold close to 25,000 units in India, and the European version will be based on the same platform.
EV makers seek extension of FAME II in Budget (21-01-2023)
as the FAME II deadline of March 31, 2024, nears, EV manufacturers are worried about their investments and future plans.
Google to axe 12,000 workers; CEO Pichai says ‘sorry’ (20-01-2023)
Google will lay off 12,000 jobs across the globe, its CEO Sundar Pichai announced on Friday, becoming the latest tech giant after Microsoft, Facebook and Amazon to retrench staff en mass amid the global economic downturn. In an email to employees, the Indian-origin CEO said: “I have some difficult news to share. We’ve decided to reduce our workforce by approximately 12,000 roles.” Pichai said the layoffs at Google were carried out after a “rigorous review” of its operations.
Reliance net falls 15%; plans to raise Rs 20,000 cr (20-01-2023)
Reliance Industries Ltd on Friday reported a 15 per cent drop in its net profit to Rs 15,792 crore for the third quarter, according to a company’s stock exchange filing. The net profit of Rs 15,792 crore in October-December 2022 compares to Rs 18,549 crore a year back.
Forex reserves zoom by $10.417 bn to $572 bn (20-01-2023)
India’s forex reserves zoomed by $10.42 billion to $572 billion as on January 13, making it one of the biggest weekly jumps in the kitty in recent times. In the previous reporting week, the overall reserves had dropped by $1.268 billion to $561.58 billion. In October 2021, the country’s forex kitty reached an all-time high of $645 billion.