New Delhi, Feb 2 (PTI) State government employees will get an enhanced social security cover and will be treated at par with central government staff, as the centre has proposed hike of tax deduction limit to 14 per cent for state government employees under the National Pension System (NPS), PFRDA Chairman Supratim Bandyopadhyay said on [...]

- Tourists left wanting for more of the Historical City 'Mandu' - Mandu Festival leaves everyone spell bound BHOPAL, India, Feb. 1, 2022 /PRNewswire/ -- An exhilarating buzzing cultural and vibrant Mandu Mahotsav comprising music, arts and culture organised by the Madhya Pradesh Tourism Board came to a glorious end. The star-studded 5-day celebration from [...]

New Delhi, Delhi, India (NewsVoir) The Union Budget for fiscal 2022-23 is certainly a growth-oriented budget and it addresses the urgent need of boosting infrastructure and urban capacity building. With its focus on inclusive development and, productivity enhancement the budget has rightly addressed the issues of the industry post-pandemic. Moreover, the industry doyens have in [...]

Washington, Feb 2 (PTI) Congratulating Finance Minister Nirmala Sitharaman on delivering a budget that allows the government to continue supporting development while keeping an eye on fiscal deficit, the head of a top India-centric American business advocacy group described it as a "measured and pragmatic budget". Finance Minister Sitharaman unveiled a Rs 39.45 lakh crore [...]

Washington, Feb 2 (PTI) Finance Minister Nirmala Sitharaman has been able to once again come up with an impactful and visionary budget which is “balanced, fiscally prudent and growth oriented” in the midst of third wave of COVID-19, the USA India Chamber of Commerce said. “Opting to keep the fiscal deficit at 6.9 per cent [...]

Washington, Feb 2 (PTI) Congratulating Finance Minister Nirmala Sitharaman on delivering a budget that allows the government to continue supporting development while keeping an eye on fiscal deficit, the head of a top India-centric American business advocacy group described it as a “measured and pragmatic budget”. “The first principle is do no harm and the [...]

Agartala, Feb 1 (PTI) Tripura Chief Minister Biplab Kumar Deb on Tuesday hailed the Union Budget for the 2022-23 fiscal, asserting that it is an embodiment of Prime Minister Narendra Modi's promises to fulfil the aspiration of people and has been drafted with the "vision of making a new India".He also said the proposed scheme [...]

Mumbai, Feb 1 (PTI) The Shiv Sena on Tuesday dubbed the Union Budget as "very depressing", saying it has neither given any relief to the middle class nor it has any reference to Prime Minister Narendra Modi's vision of making India a USD 5 trillion economy, while Maharashtra deputy chief minister Ajit Pawar claimed there [...]

Jaipur, Jan 1 (PTI) Rajasthan Chief Minister Ashok Gehlot on Tuesday said that the government would make a separate power company for the agriculture sector. He said that looking at the importance of the agriculture sector, the state government has taken the decision of bringing a separate agriculture budget for the first time, through which [...]

New Delhi, Feb 1 (PTI) Budget proposals to promote technology-enabled development, energy transition and climate action through tax intervention are expected to boost the local manufacturing ecosystem, according to companies and experts. Finance Minister Nirmala Sitharaman announced rolling out 5G services in the next financial year, tax interventions for mobile phone makers, wearables and hearables, [...]

New Delhi, Feb 1 (PTI) Leading healthcare providers on Tuesday rued that the Budget has failed to address many of the long-pending demands of the industry. Medical Technology Association of India (MTaI) Chairman Pavan Choudary said the pandemic has highlighted the scarcity of skilled healthcare workers at all levels. "We hope that through the plans [...]

Noida, Feb 1 (PTI) Farmer leader Rakesh Tikait on Tuesday termed the budget 2022-23 a mere webs of words saying it lacked any vision for capital investment in agriculture. He alleged that the budget only carried words like “Amrit Mahotsav”, “Gatishakti”, “E-Vidha” without meaning much. The national spokesperson of the Bharatiya Kisan Union (BKU) said [...]

Noida, Feb 1 (PTI) Lamenting no sops for middle class and traders in the Budget 2022-23, the NCR chapter of the Confederation of All India Traders (CAIT) said it will be writing to the Union Finance Ministry to reconsider extending relief in these categories. CAIT's NCR unit convenor Sushil Kumar Jain said in the budget, [...]

Guwahati, Feb 1 (PTI) The North East and Assam chapters of the Confederation of Indian Industry (CII) and the Federation of Industry and Commerce of North Eastern Region (FINER) on Tuesday welcomed the Union budget saying it is balanced and help the people of the region getting livelihoods.Chairman of CII, North East Council, Abhijit Barooah [...]

New Delhi, Feb 1 (PTI) Internet and Mobile Association of India (IAMAI) on Tuesday said the Union Budget reflects the government's aim to create a robust and inclusive digital economy."This year, the Union Budget has an all-around focus on digital economy - from creating an access infrastructure to harnessing digital - for social sectors, such [...]

Jamshedpur, Feb 1 (PTI) Tata Steel CEO and Managing Director T V Narendran on Tuesday welcomed the Union Budget, describing it as yet another progressive, future focussed and inclusive budget that aimed to position the economy on an accelerated growth trajectory, especially in the backdrop of an encouraging broader economic recovery, a company statement said. [...]

New Delhi, Feb 1 (PTI) Healthcare experts on Tuesday said the proposed National Tele Mental Health Programme was a welcome step by the Centre, especially in view of the long COVID, but the Union Budget did not give adequate attention to other critical issues such as incentives for health insurance and skill development.Finance Minister Nirmala [...]

New Delhi, Feb 1 (PTI) Real estate developers on Tuesday hailed the government's decision to allocate Rs 48,000 crore in Budget under the Pradhan Mantri Awas Yojana (PMAY) and faster approvals for affordable housing in urban areas but rued that no additional tax deduction was allowed on interest paid on home loans. "Allocation of Rs [...]

New Delhi, Feb 1 (PTI) In a relief to Future group, the Supreme Court Tuesday set aside three Delhi High Court orders including attachment of properties of the firm and its directors and the refusal to grant a stay on the final arbitral award which had restrained Future Retail Ltd (FRL) from going ahead with [...]

New Delhi, Feb 1 (PTI) The country's fiscal deficit is projected to be higher at 6.9 per cent this fiscal as against 6.8 per cent estimated earlier, with Finance Minister Nirmala Sitharaman emphasising the need for stronger and sustainable growth through public investment. The marginal rise in fiscal deficit for the current fiscal is against [...]

Bengaluru, Feb 1 (PTI) The Federation of Karnataka Chambers of Commerce and Industry (FKCCI) president Dr I S Prasad on Tuesday welcomed the Union Budget presented by Finance Minister Nirmala Sitharaman saying that the measures taken by the Central government will make MSMEs become more resilient and competitive. He also noted that this is an [...]

New Delhi, Feb 1 (PTI) Finance Minister Nirmala Sitharaman on Tuesday gave a one-time window to taxpayers to correct any discrepancy or omissions in their ITRs within two years of filing, subject to payment of taxes. An additional 25 per cent on the due tax and interest would have to paid if the updated ITR [...]

Mumbai, Feb 1 (PTI) Challenges posed by the multiple waves of the pandemic have led to a situation where the private capital expenditure is yet to pick up in a big way, and the government has acknowledged this fact while proposing higher spending in the budget, bankers said on Tuesday.The over 35 per cent jump [...]

New Delhi, Feb 1 (PTI) Prime Minister Narendra Modi on Tuesday said the Union Budget presented by Finance Minister Nirmala Sitharaman was "people-friendly, progressive" and full of possibilities for infrastructure, investment, growth and jobs.     In a televised statement, Modi said an important aspect of the Union Budget was the welfare of the poor.      [...]

New Delhi, Feb 1 (PTI) The Union Budget for 2022-23 is pragmatic, forward-looking and growth-oriented with a significantly higher allocation for capital expenditure, mutual fund experts said on Tuesday. The capex-heavy budget is aimed at addressing key bottlenecks in the Indian economy and focused on propelling the Indian economy forward after COVID-19, they added. On [...]

Jammu, Feb 1 (PTI) Jammu Chamber of Commerce and Industry (JCCI) on Tuesday expressed disappointment over “ignoring” of COVID-hit business community in the Union budget 2022-23, while another Jammu-based body of industrialists welcomed it as “friendly and beneficial” for all sections of the society. JCCI president Arun Gupta said the business community is now looking [...]

New Delhi, Feb 1 (PTI) Following are some reactions from corporate leaders on the Budget for 2022-23: -- Tata Sons Chairman N Chandrasekaran:  “The budget is consistent with our Prime Minister Narendra Modi's vision of making India Atmanirbhar: a digital superpower, a sustainability leader and a healthy nation".-- Vedanta Group CEO Sunil Duggal: "...Growth-oriented and [...]

New Delhi, Feb 1 (PTI) Power and solar industry players on Tuesday welcomed the Budget saying the announcements related to the sector will promote investments and boost local manufacturing. In her Budget Speech, Finance Minister Nirmala Sitharaman on Tuesday made several solar sector-related announcements, including Rs 19,500-crore additional allocation under the PLI scheme, for manufacturing [...]

Washington, Feb 1 (PTI) The initiatives announced by Finance Minister Nirmala Sitharaman in her Union Budget 2022-23 showed India’s continued commitment to enhancing productivity and creating jobs, a top India-centric American business advocacy group said on Tuesday. Finance Minister Sitharaman unveiled a Rs 39.45 lakh crore Budget, with higher spending on highways to affordable housing [...]

Hyderabad, Feb. 1 (PTI): Confederation of Indian industry Telangana welcomed the Union Budget, saying it strongly emphasises on developing a strong India through strengthening the infrastructure sector, reinvigorating the education sector through PM e-Vidya and establishment of digital university. Sameer Goel, Chairman, CII Telangana in a statement said Kisan drones for crop assessment, digitization of [...]

New Delhi, Feb 1 (PTI) The Budget proposals on capital expenditure, MSME sector, and digital banking will boost growth and promote job creation, say experts. Among other things, Finance Minister Nirmala Sitharaman unveiled a bigger Rs 39.45 lakh crore Budget, with higher spending on highways to affordable housing with a view to firing up the [...]

Kolkata, Feb 1 (PTI) Economists of Kolkata on Tuesday described the Union budget presented by Finance Minister Nirmala Sitharaman as a mixed bag, saying it attempted to balance the needs of large and small industries, but the middle class people did not get any tax relief which could have increased cash in their hands.They praised [...]

New Delhi, Feb 1 (PTI) The government's subsidies on food, fertilisers and petroleum are estimated to decline by 39 per cent to Rs 4,33,108 crore this fiscal and fall further by 27 per cent to nearly Rs 3.18 lakh crore in 2022-23.In its revised budget (RE) estimate for the 2021-22 fiscal, the government has pegged [...]

New Delhi, Feb 1 (PTI) Prime Minister Narendra Modi on Tuesday said the Union Budget presented by Finance Minister Nirmala Sitharaman was “people-friendly, progressive” and full of possibilities for infrastructure, investment, growth and jobs. In a televised statement, Modi said an important aspect of the Union Budget was the welfare of the poor.It seeks to [...]

New Delhi, Feb 1 (PTI) IT industry body Nasscom on Tuesday said the Union Budget 2022 sets the tone for India's 'techade' and establishing the country as a global hub in terms of technology innovation. The IT body said while there were certain areas that were left unaddressed like enabling clarifications to allow units in [...]

Shillong, Feb 1 (PTI) Meghalaya Chief Minister Conrad K Sangma on Tuesday hailed the Union Budget and termed it as a forward looking and futuristic budget. The CM said he is happy that our suggestions during the budget discussion meeting in December to increase outlay under the Scheme for Financial Assistance to the state has [...]

Chennai, Feb 1 (PTI): The Union Budget presented by Finance Minister Nirmala Sitharaman has laid the road map for long-term development over the next 25 years, a top official of city-based Hinduja Group flagship Ashok Leyland said on Tuesday. The Finance Minister has presented a growth-oriented and pro-development budget for 2022-23 by focusing on sustainable [...]

New Delhi, Feb 1 (PTI) The Union Budget's focus on infrastructure will spur demand for steel and create new job opportunities, industry players and experts said on Tuesday. In her Budget speech in Parliament, Finance Minister Nirmala Sitharaman made various infrastructure sector related announcements including expanding the network of highways by 25,000 km in 2022-23, [...]

New Delhi, Feb 1 (PTI) The Union Budget 2022-23 is growth-oriented, focused on building long term strength using investment as the lever while maintaining policy stability and inclusivity, auto industry body SIAM President Kenichi Ayukawa said on Tuesday.While lauding various proposals announced by Finance Minister Nirmala Sitharaman, he said, "We welcome the message on ease [...]

New Delhi, Feb 1 (PTI) The government's move in the Union Budget to calibrate custom duty rates for domestic electronic manufacturing will help indigenous manufacturing in various sectors including consumer durables/ white goods, leading appliances and consumer electronics makers believe. Moreover, policy interventions such as Production-Linked Incentive (PLI) Schemes, phased manufacturing plan and financial assistance [...]

New Delhi, Feb 1 (PTI) Taxes have not been raised during the pandemic to collect additional funds for the massive spending programme of the government, Finance Minister Nirmala Sitharaman said on Tuesday in response to questions on her Budget belying expectations of a reduction in the income tax burden on the middle class. Sitharaman's fourth [...]

New Delhi, Feb 1 (PTI) The proposed policy for battery-swapping to promote electric mobility and other initiatives like the PM Gati Shakti National Master Plan for multi-modal transport will help in the growth of the overall automobile sector, industry players said on Tuesday. In a major step to promote EV adoption in the country, Finance [...]

New Delhi, Feb 1 (PTI) The infrastructure status to data centres, new legislation to replace SEZ Act and focus on logistics infrastructure in the Budget will benefit the real estate sector, according to property consultants. Anshuman Magazine, chairman and CEO (India, South East Asia, Middle East & Africa) of CBRE, said: "The real estate sector [...]

New Delhi, Feb 1 (PTI) The government on Tuesday said it will allow setting up of world-class foreign universities in Gandhinagar's GIFT City, free from domestic regulations, to facilitate availability of skilled manpower in the financial services space. In addition, an international arbitration centre will be set up in the GIFT City for timely settlement [...]