Thursday, December 1, 2022

budget

Budget focused on growth revival: Sitharaman

The revival of economic growth was the foremost priority of the Union Budget FY23, said Finance Minister Nirmala Sitharaman on Monday.Speaking to various industry stakeholders as part of the post-Budget interaction in Mumbai, Sitharaman said: “The recovery is the...

Crypto taxation won’t lead to outcome govt expects

Budget 2022 saw Finance Minister Nirmala Sitharaman announce a 30 per cent tax on all digital assets that includes cryptocurrency and non-fungible tokens (NFTs). Many industry players saw this as the first step towards the regularisation of cryptocurrency in...

‘What is this poverty?’: FM Sitharaman mocks Rahul Gandhi’s 2013 ‘state of mind’ remark

Faced with criticism for her latest Budget not doing enough for the poor, Finance Minister Nirmala Sitharaman on Friday mocked Congress leader Rahul Gandhi’s 2013 comment of poverty being a state of mind, and asked if this is the...

RBI begins three-day monetary policy meet to decide on key rates

The Reserve Bank’s rate-setting panel began its three-day deliberations on Tuesday to decide the next monetary policy in the backdrop of Budget 2022-23, inflationary concerns and evolving geo-political situation. Reserve Bank Governor Shaktikanta Das headed six-member Monetary Policy Committee...

Govt prepared to deal with any global development: FM

India is prepared to deal with any situation arising out of global developments, including the US Federal Reserve’s decision to roll back monetary easing, and will not allow the economy to suffer, Finance Minister Nirmala Sitharaman asserted on Sunday.In...

Open up purse to push growth: FM to India Inc

Finance Minister Nirmala Sitharaman on Saturday asked India Inc to invest in the economy so that the virtuous cycle kicks in.Referring to the government’s decision to cut corporate tax rate, she said, the government has also opened up many...

Logistics SAS companies welcome PM Gati Shakti Plan in Budget

The government’s drive to boost efficiency in the logistics sector, which is critically linked to the growth of trade and economic activities, is undoubtedly a positive move that will eventually strengthen the sector, as highlighted by industry experts.Finance Minister...

Budget for making India self-reliant: PM

Prime Minister Narendra Modi on Wednesday said the post-pandemic world was on the cusp of change and it was imperative for India to change at a rapid pace to emerge as a self-reliant nation.Addressing a symposium on 'Atmanirbhar Arthavyavastha'...

Budget’s growth focus to face macro challenges

The Budget is focused on growth, but will face macro challenges, Japanese brokerage Nomura said in a report. First, the ability of the government -- both central and states -- to spend 2.9 per cent of GDP on capex...

Budget is betrayal of salaried, middle class, says Cong

The Congress on Tuesday termed the Union Budget 2022-23 announced by Financial Minister Nirmala Sitharaman as a “betrayal of India’s salaried and middle class” population for not announcing any rebates in the income tax slabs.“India’s salaried class & middle...