Hindustan Times Delhi - February 02, 2023
Hindustan Times Delhi - February 02, 2023
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In this issue
February 02, 2023
Adani withdraws FPO, to refund investors after stocks hammered
MUMBAI: Adani Enterprises has decided not to proceed with its fully subscribed follow-on public offer FPO), the conglomerate said in a statement late on Wednesday, hours after the shares of the firm nosedived 28.45% to close at 2,128.70 on the BSE.
2 mins
TAX-CAPEX DOUBLE ENGINE
Finance minister Sitharaman manages to give tax incentives and capex boost while keeping the fisc in check; middle class as well as high earners given more cash in hand in a bid to spur consumption and stimulate the economy
4 mins
WILL THE BUDGET...
Roshan Kishore analyses the impact of the Narendra Modi government’s last full Budget ahead of the 24 Lok Sabha elections
9 mins
..Give a fillip to welfare schemes and the agriculture sector?
Improving the quality of life has taken priority over providing income relief. Counter-cyclical components such as food and fertiliser subsidies and MGNREGS spending have been brought down significantly.
2 mins
Small savings push for women, elders
NEW DELHI: The Budget gave a big push to small savings schemes: Union finance minister Nirmala Sitharaman proposed to double the deposit limits for Senior Citizen Savings Scheme SCSS) and Monthly Income Account Scheme MIS) and also introduced a new small savings scheme Mahila Samman Savings Certificate.
2 mins
Centre raises tax rebate limit, reduces slabs in key reforms
NEW DELHI: Union finance minister Nirmala Sitharaman gave tax payers across the spectrum from those in the lowest tax bracket to those in the highest the kind of sweetener they have not seen in years, although this will require them to move to the three-year old exemption-free tax regime that has so far not seen much traction.
3 mins
‘The new tax regime still won’t benefit many’
In the Union Budget presented on Wednesday, the finance minister made five announcements to reduce the tax burden of the hard-working middle class.
3 mins
Budget passes BJP’s political test ahead of 2024 elections
The political test of the final full Budget of the Bharatiya Janata Party BJP)-led government before the 2024 elections was based on a simple metric would it be enough to sustain the party’s multi-class alliance or would Budget measures fracture that wide alliance?
5 mins
Railway budget up nearly 49% in largest-ever outlay
NEW DELHI: Finance minister Nirmala Sitharaman on Wednesday announced a capital outlay of 22.40 lakh crore for the Indian Railways in Budget 2023-24, saying it was nine times the amount allotted in 2013-2014, the last year of the UPA-2 government.
2 mins
Rural housing outlay up 12%, urban budget down
NEW DELHI: The Narendra Modi government raised the outlay for rural housing under the Pradhan Mantri Awas Yojana Grameen) to 254,487 crore, a 12% jump from the current financial year’s revised estimate of 748,422 crore.
2 mins
Record 210L-cr capex spend amid eye on boosting intra
Capital spending by the govt has been on the rise for the past few years even amid tepid pvt investment during the pandemic
2 mins
Basic pillars of the budgetary arithmetic and key takeaways
NEW DELHI: The Budget is a political statement and a blueprint of the government's economic strategy.
3 mins
Centre’s 50-year interest free loan for states extended
NEW DELHI: Renewing the Centre’s outreach to the states ahead of a series of assembly elections and the 2024 Lok Sabha polls, finance minister Nirmala Sitharaman proposed to continue the Union government’s 50-year interest free loan for states by another year.
2 mins
₹35,000cr outlay for growth in green energy transition
NEW DELHI: Union Budget 2022-23 highlights the government’s focus on energy transition, which is expected to fuel green growth” in the country in the coming years.
4 mins
Economy is showing signs of robust viability
In an interview with Doordarshan, Union finance minister Nirmala Sitharaman talks about how the Budget will spur growth and push India towards self-reliance
9 mins
FM uses slew of acronyms, phrases
NEW DELHI: Finance minister Nirmala Sitharaman embellished her budget speech vocabulary with a slew of catchphrases, monikers and acronyms, crunching down financial jargon and new schemes to easy-to-recall appellations.
2 mins
Digital, supply-side incentives for agriculture
NEW DELHI: Presenting the last full Union Budget 2023-24) of the Narendra Modi government ahead of the general elections in 2024, finance minister Nirmala Sitharaman on Wednesday unveiled plans to expand digital technologies to boost the country’s agriculture sector, promote natural farming and fund rural start-ups.
2 mins
Digital India imprint across plans
NEW DELHI: The Union Budget for the next financial year unveiled by finance minister Nirmala Sitharaman on Wednesday indicated a strong push by the government to leverage technology, with initiatives and incentives that are expected to improve citizen services, help create jobs and boost India’s competitiveness in the key future tech of artificial intelligence.
2 mins
At ₹1.12L-cr, edu budget aims to undo Covid learning loss
The Budget 2023 also re-envisions teachers’ training, developing excellence institutes in districts, and a national digital library
3 mins
Compliance burden down, PAN made common ID for ease of biz
NEW DELHI: Building on the government’s ongoing efforts to reduce compliance burden for corporations, Union finance minister Nirmala Sitharaman on Wednesday announced a series of measures in the Budget amending 42 central laws, making the PAN permanent account number) a common identifier, promoting investor protection, and requesting financial sector regulators to simplify norms in their respective areas.
2 mins
₹7k cr push to e-Courts project
NEW DELHI: In a major push towards achieving paperless, transparent courts, finance minister Nirmala Sitharaman on Wednesday allocated 27,000 crore for the launch of Phase III of the e-Courts project.
1 min
In An Uncertain World, A Compassionate Budget
The document provides a vision for India@100, with inclusivity and prosperity as central facets. Further, while acknowledging external headwinds, it pushes for domestic growth drivers to spur development
3 mins
A Growth Push, And A Nudge To Salaried Class
FM has done well to stick to the path of fiscal consolidation, but whether people will move to a new default tax regime will depend on some factors
4 mins
Welfare spending cut could pose significant livelihood challenges
Since the 2021-22 Budget, the Union government has steadily pivoted from welfare spending to capital expenditure. The first big push came in FY 2021-22 when allocations for capital expenditure capex) increased from 1.83% of the Gross Domestic Product GDP) in 2020-21 to 2.49%. This reached 2.91% in FY23, and finally 3.3%, as per Wednesday's announcement.
3 mins
MCD House meet on Feb 6, spotlight on mayoral polls
NEW DELHI: Delhi municipal councillors are expected to elect the Mayor, deputy mayor and six members of the Standing Committee on February 6, with lieutenant governor VK Saxena fixing the date for convening the civic body meeting, according to an order issued by Raj Niwas on Wednesday.
1 min
India and US unveil road map for defence, tech ties
WASHINGTON: At the inaugural dialogue of the initiative on critical and emerging technologies ICET) in Washington DC on Tuesday, India and the United States US) unveiled an ambitious road map to position each other as trusted technology partners”, deepen the defence relationship with a focus on co-production and co-development, and institutionalise a standing mechanism to overcome regulatory barriers and export controls, particularly on the American side.
4 mins
Pak inflation rises to 48-year high
Year-on-year inflation in January this year was recorded at 27.55%, the highest since May 1975
1 min
Longer-range US missiles will escalate Ukraine war: Kremlin
MOSCOW/KYIV: The Kremlin said on Wednesday that longerrange missiles reportedly included in an upcoming package of military aid from the United States to Ukraine would escalate” the conflict but not change its course.
1 min
Hindustan Times Delhi Newspaper Description:
Publisher: HT Digital Streams Ltd.
Category: Newspaper
Language: English
Frequency: Daily
Hindustan Times is the flagship publication of HT Media Ltd. It has a nationwide reach in India (barring Southern India), with simultaneous editions from New Delhi, Mumbai, Lucknow, Patna and Kolkata, providing general, economic and business news.
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