union budget 2023 24

February 2023

Grassroot groups say Budget for rural jobs inadequate, contest ministry claims

The Union Budget 2023-24 cut the allocations for the MGNRE scheme from ₹73,000 crore in 2022-23 (Budget Estimate or BE) to ₹60,000 crore in 2023-24 BE.

By Joe Mathew

Indigenous deep sea mining vessel set for mid-2024 trials

The USA, Russia, Japan, France and China are the other countries that have such underwater vehicles for carrying out subsea activities at the moment.

By Joe Mathew

Govt’s increase in Capex to drive investments in infra development: ICRA

In her Budget speech for FY23-24, Finance Minister Nirmala Sitharaman increased the capital investment outlay for 2023-24 by 33% to ₹10 lakh crore, which will be 3.3% of the country’s GDP.

By fortuneindia.com

Budget 2023: Is the time ripe to switch to the new proposed tax regime?

The FM introduced the new personal income tax regime with six income slabs starting from ₹2.5 lakh in 2020.

By Avneet Kaur

Budget 2023: Tax relief won’t spur consumption, say experts

The FM has announced an increased capital investment outlay by 33.4% to ₹10 lakh, which could lead to employment generation in the mid to long-term and hence an increase in demand-led consumption

By Ajita Shashidhar

Budget 2023: India looks to tap global Lab Grown Diamonds opportunity

LGD is a technology-and innovation-driven emerging sector with high employment potential and have optically and chemically the same properties as natural diamonds.

By P B Jayakumar

Budget 2023: Online gaming firms reap big

The government in the Finance Bill has made a critical distinction between games of skill and games of chance, classifying them into separate sections.

By fortuneindia.com