Mobile phones and TV sets manufactured in India would become cheaper with Finance Minister Nirmala Sitharaman announcing cuts in Basic Customs Duty (BCD) on import of their components but smokers would have to pay more as the government has increased taxes. Fully imported cars, including electric vehicles, and those assembled in India with imported parts [...]
The green energy sector remained a priority in the Budget 2023 as the country intends to attain net-zero carbon emissions by 2070 and a reduction in the carbon intensity of the economy of the country of less than 45% by 2030. The government is focused on a ‘green growth’ strategy that prioritizes the adoption of [...]
The government plans to borrow a record Rs 15.4 lakh crore from dated securities in FY24 to meet its expenditure requirement to prop up the economy. This is higher than the total borrowing of Rs 14.21 lakh crore for the current financial year ending March 31, 2023. Finance Minister Nirmala Sitharaman while presenting the Budget [...]
The defence budget was increased to Rs 5.94 lakh crore for 2023-24 from last year's allocation of Rs 5.25 lakh crore. In the Union Budget presented in Parliament by Finance Minister Nirmala Sitharaman on Wednesday, a total of Rs 1.62 lakh crore has been set aside for capital expenditure that includes purchasing new weapons, aircraft, [...]
Finance Minister Nirmala Sitharaman has laid down the much-awaited Budget 2023. During her speech, the minister announced a few major reforms for the development of key sectors in India. Out of them, the Agriculture sector remained in focus. The agriculture sector in India still remains a primary source of livelihood for about 58% of the [...]
The government on Wednesday announced 11 per cent hike in agriculture credit target to Rs 20 lakh crore for next fiscal year with focus on animal husbandry, dairy and fisheries. The agricultural credit target is Rs 18 lakh crore for the current 2022-23 fiscal. Among other big ticket announcements, Finance Minister Nirmala Sitharaman in her [...]
The finance minister Nirmala Sitharaman started the Budget 2023 session in the parliament today by saying, “This is the first Budget of Amrit Kaal”. Here are the top ten points from her budget speech: Agriculture Growth: To boost agricultural growth in the nation, the agricultural credit target limit has been increased to Rs 20 lakh [...]
During the budget of 2023-23, the Finance Minister has announced a steep increase on the National calamity cess on cigarettes and tobacco causing the shares of ITC, Godfrey Phillips, and VST Industries of decline as of Wednesday The Government has increased the National calamity cess on cigarettes to 16%. The last time the government had [...]
A revamped credit guarantee scheme for MSMEs with an outlay of Rs 9,000 crore will be launched from April 1, Finance Minister Nirmala Sitharaman said on Wednesday. In her Budget 2023-24 presentation, she also said the Centre will launch the 'Dekho Apna Desh' initiative to promote domestic tourism. Further, the government will set up National [...]
The shares of Gujarat Fluorochemicals started trading marginally lower at Rs 2,769 levels. In a month the stock has shed 12 percent in a month. However, in a two years time frame, the stock has delivered a multibagger return of 387 percent. Gujarat Fluorochemicals Limited (GFL) is an Indian Chemicals Company that holds expertise in [...]
