In this issue

February 02, 2023

Sitharaman’s Ilkal saree was crafted in Dharwad

KARNATAKA can take pride in the General Budget presented by Union Finance Minister Nirmala Sitharaman on Wednesday for at least two reasons.

1 min

₹35,000 cr for net-zero carbon emission target

ONE of the major highlights of Budget 2023-24 was the focus on green energy.

1 min

STOCKS HAMMERED, ADANI CALLS OFF FPO

ADANI Enterprises (AEL) late on Wednesday night announced its decision not to go ahead with its fully subscribed follow-on public offer (FPO) for `20,000 crore, a day after it barely managed to sail through.

1 min

PLEASE-ALL BUDGET THAT STAYS THE COURSE

Income tax relief timed with polls

4 mins

Budget 23 draws mixed reaction to allocations and new schemes

it is a very forward-looking budget as 100 5G-enabled labs will be set up to  develop apps in engineering institutions and three centres of  excellence in artificial intelligence will be established in top educational  institutions

1 min

Delhi Police gets 712K-cr fillip in annual budget

DeLhI Police has been allocated `11,932 crore in the Union Budget for 2023–24, an increase of `1,577 crore from the previous year’s budget estimate.

1 min

Budget unfair to city people, says Kejriwal

CM says residents paid 21.75 lakh cr in income tax last year, while only 325 cr was given for capital’s development

1 min

Urban poor to get benefits as PMAY budget doubled: BJP

The Delhi BJP on Wednesday said that after nearly doubling the budget of Pradhan Mantri Awas Yojana for the poor, its benefits will now reach to the rural poor as well as the urban poor.

1 min

Will MCD be third time lucky in electing Mayor on Feb 62

AFTeR two failed attempts to choose a mayor, the house of Municipal Corporation of Delhi (MCD) will meet again on February 6 for mayoral polls, exactly a month after the first adjourned meeting.

1 min

Sounds good: Investment limit for senior citizens increased to 730 lakh

FINANCE Minister Nirmala Sitharaman has announced a new saving scheme for women that will offer a fixed rate of 7.5%. Available for a 2-year period up to March 2025, Mahila Samman Savings certificate will have an option for partial withdrawal.

1 min

FINANCIALISATION OF THE ECONOMY

A huge thrust to financialisation of the economy. This is the undercurrent message that stood out in Finance Minister Nirmala Sitharaman budget speech.

2 mins

INCOME UP TO 27L TO ATTRACT NO TAX

PROVIDING the much-awaited relief to taxpayers, Finance Minister Nirmala Sitharaman proposed to increase the income- tax rebate limit to `7 lakh from `5 lakh under the new tax regime and also proposed to revise the tax structure.

2 mins

No cheers: Insurance sector disappointed with proposal to remove tax exemption

INSURANCE sector was disappointed with budget as Finance Minister Nirmala Sitharaman proposed to remove tax exemption for insurance policies with annual premium of over 5 lakh.

1 min

Tax sops for funds relocating to GIFT City

FINANCE Minister Nirmala Sitharaman has announced new initiatives for the GIFT City that will help it to emerge as a leading global financial hub

1 min

THE FORCED CAPEX GAMBLE IN BUDGET 2023

A UNION budget should typically be an accounting exercise of government revenues and expenditures for the past year and projections for the coming year.

4 mins

PROVING JOHN KENNETH GALBRAITH WRONG

Nirmala Sitharaman, in this election year's budget, has demonstrated the art of avoiding the temptation of fiscal profligacy by sticking to a prudent fiscal plan

4 mins

NEW TAX REGIME ATTRACTIVE: FM

The government aims to make the new tax regime – without exemptions – attractive enough between the two options for tax filing, Union Finance Minister Nirmala Sitharaman said during the post-Budget presentation conference.

1 min

Cong takes potshots at FM, asks who has benefitted from Budget’

THE Congress on Wednesday attacked the BJP government saying that the Union Budget has betrayed the hopes of a vast majority of people.

1 min

Fiscal federalism under strain, says Oppn

THE Opposition dismissed the Budget proposals as \"anti-people\" and mere rhetoric lacking the vision for creating jobs and taming inflation

2 mins

INDIA PUTS ITS BEST FOOT FORWARD AS RISKS LOOM

THE expectation was for a populist Budget, given that it is the last full-year budget before the elections in 2024. Quite the contrary was what the FM presented. It’s no secret that most of the developed nations are grappling with recessionary pressures, and it is a risk that every economist is ruminating over.

4 mins

BOOST FOR JOBS AS CAPEX RISES 33%

PRESENTING the last full Budget before the general elections of 2024, Finance Minister Nirmala Sitharaman raised the capital expenditure (capex) by a big 33% to 10 lakh crore for the financial year 2023-24.

1 min

Highest outlay will enable more tourist circuits, corridors

UNION Railway Minister Ashwini Vaishnaw on Wednesday said projects and works would get a major boost with the highest-ever capital outlay of 2.41 lakh crore provided to his ministry for the financial year of 2023-24.

1 min

Mission housing for all: PMAY outlay up 66% to tide over pandemic blues

IN a big boost for the affordable housing segment, Finance Minister Nirmala Sitharaman in her Budget speech announced increasing the allocation made towards the Pradhan Mantri Awas Yojana PMAY) by 66% to 79,000 for the financial year 2023-24. The allocation stood at 48,000 crore in the previous Budget.

1 min

INDIA ON CUSP OF GLOBAL HEALTHCARE REVOLUTION

TODAY, we are fortunate to be living in the era of \"Amrit Kaal\" and witness the unique growth and innovation that is enabling India to emerge as the global 'Healthcare Superpower' with its triple advantage of cost, quality and scale in providing essential drugs, medical expertise, treatment infrastructure and capacity building to other nations globally.

2 mins

Boost to PM Shri Schools, libraries as education kitty gets heavier by 8%

THE education budget saw a hike of 8.27%, with an allocation of 1.12 lakh crore against the 1.04 lakh crore allocated in the last Union budget.

1 min

SMALL SAVINGS, BIG IMPACT ON WOMEN’S FINANCES

IN its last full budget of the second term, the Narendra Modi government on Wednesday announced measures aiming at women empowerment, with Mahila Samman Savings Certificate, a one-time small savings scheme, being one of the significant announcements.

2 mins

THE UNION BUDGET: FROM SHADOW TO REALITY

THE figures presented in the shadow budget prepared for The New Indian Express come close to the basic framework of the actual budget of the Union Finance Minister.

2 mins

Health gets mere 3% hike, focus on research

THE health budget saw a meagre hike of 3.46%, with a total allotment of 89,155 crore in the Union Budget 2023-24, as against last year’s 86,200 crore budget estimate).

2 mins

Environment gets little attention, only 1% rise in allocation

THE Ministry of Environment, Forests and Climate Change MoEFCC) has received little attention in the Budget. There is just one per cent increase in the budgetary allocation compared to last year.

1 min

CUT IN FLAGSHIP FARM SCHEMES

Finance Minister Nirmala Sitharaman on Wednesday announced a 7 per cent cut in budget allocation for 2023-24 for the Department of Agriculture and Farmers Welfare (DAFW) compared to previous year's budget estimate.

1 min

Mission mode: Govt to pick 50 destinations to develop as a tour package

FINANCE Minister Nirmala Sitharaman on Wednesday announced that the tourism promotion would be taken on Mission Mode’ in collaboration with states and private stakeholders.

1 min

A GROWTH-ORIENTED AND PROGRESSIVE BUDGET

Finance Minister Nirmala Sitharaman has presented a powerful Budget for 2023-24.

2 mins

50 airports, heliports for regional connectivity

YESHI SELI New Delhi FINANCE Minister Nirmala Sitharaman in her budget speech on Wednesday said 50 new airports, helipads and aerodromes will be built to improve regional connectivity.

1 min

Haley to launch White House bid

PROMINENT Indian-American Republican Party leader Nikki Haley is poised to launch her 2024 White House bid on February 15 positioning herself to be the first challenger to former US president Donald Trump. Haley, 51, is the two-term Governor of South Carolina and the former US Ambassador to the United Nations.

1 min

17 arrested as Pak Army chief directs forces to go after terrorists

PAKISTAN’S security agencies arrested 17 suspects in connection with the suicide blast in a high-security zone mosque in Peshawar that killed 101 people, including 97 policemen, as Army chief Gen Asim Munir vowed zero tolerance for terror groups and directed his generals to eliminate the threat of militancy.

1 min

FBI SEARCHES BIDEN’S HOME FOR SECRET FILES

US law enforcement began a search on Wednesday of President Joe Biden’s beach house in Delaware, his lawyer said, in the latest stage of an operation to track down improperly stored classified documents.

1 min

Half a million UK workers stage walkout demanding higher pay

Unions accuse millionaire Sunak of being out of touch with challenges faced by commoners

1 min

Vihari bats left-handed, helps Andhra reach 379

IN an act of bravery, Andhra skipper Hanuma Vihari batted left-handed and defied the speedy Avesh Khan to add 26 runs for the 10th wicket to help the team reach 379 against Madhya Pradesh on the second day of the Ranji Trophy quarterfinal here on Wednesday.

1 min

Collaboration with cricket boards key for growth: ICC GM

WITH all the buzz around the inaugural Women’s Premier League India’s latest franchise-based T20 tournament set to take place in March and the BCCI has already made 5620.99 crores from the auction of the teams and the media rights.

2 mins

SAI may field teams across disciplines in national competitions

THIS could change the dynamics of sports in the country. If everything goes as per plan and requisite permission is obtained, the Sports Authority of India SAT) may field a separate team from different disciplines in various leagues and national competitions.

2 mins

RISE IN BUDGET, BOOST FOR ALL

More for Khelo India despite less utilisation of funds last year

2 mins

Gill goes for kill, India claim series

FIELDING. Good. Bowling. Better. Batting. Best. Shubman Gill. Outstanding. On a night when the hosts decided to deal only in the extraordinary, Gill once again showcased his natural talent with minimum of fuss.

2 mins

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