RBI Monetary Policy: Repo Rate Increased by 25 bps, GDP Forecast at 7%
On Wednesday, the Reserve Bank of India (RBI) Governor Shaktikanta Das broadcasted a repo rate hike of 25 basis points (bps), taking the critical standard...
Category : ECONOMY
Union Budget 2023: 20% TCS on Foreign Remittance Transactions
Finance Minister Nirmala Sitharaman has increased the tax at source (TCS) rate on foreign remittances under the Liberalised Remittance Scheme (LRS) from 5% to 20%....
Union Budget 2023: FM Announces New Investment Scheme for Women
Finance Minister Nirmala Sitharaman announced a one-time small savings scheme for women on February 1. The scheme will be called “Mahila Samman Savings Certificate” and...
Union Budget 2023: Ayushman Bharat Allocated Rs 7,200 Crore
Finance Minister Nirmala Sitharaman, in her Budget 2023-24, increased the allocation for Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) to Rs 7,200 crore, while that...
Union Budget 2023: Key Changes in Income Tax Regime
Finance Minister Nirmala Sitharaman’s budget introduced several changes to income tax. The changes are “mainly for the hard-working middle class,” she said. Currently, those earning...
Union Budget 2023: FM Boosts Presumptive Taxation Scheme, Eligibility Threshold Limit Raised
To ease compliance and facilitate non-cash transactions, the finance minister has proposed raising the threshold limit for qualifying businesses for the presumptive tax scheme from...
Union Budget 2023: FM Lauds Rs 19,700 Crore Green Hydrogen Mission as Part of India’s Climate Pledge
Finance Minister Nirmala Sitharaman said in her budget speech on February 1 that the recently launched Rs 19,700 crore National Green Hydrogen Mission would facilitate...
Union Budget 2023: ‘Green Growth’ Among Government’s 7 Priority Sectors
Union Finance Minister Nirmala Sitharaman said on February 1 that “green growth” would be one of seven priority sectors (“Saptarishi”) in the 2023 Union Budget....
Union Budget 2023: FM Retains Revised Estimate for FY23 Fiscal Deficit of 6.4% of GDP
Finance Minister Nirmala Sitharaman on February 1 pegged the government’s fiscal deficit for 2023-24 at 5.9% of gross domestic product (GDP), signalling the government’s intention...
Indian Inflation Likely to Decrease 5% in 2023: IMF
Inflation in India is predicted to come down from 6.8% in the present fiscal year ending March 31 to 5% the next fiscal year, dropping...