LiveUnion 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%....
Category : ECONOMY
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...
Finance Ministry Asks Banks to Increase Credit Flow to Aspiring Districts
On Friday, the finance ministry asked state banks to further increase credit penetration in all 112 desirable districts across the country and ensure that all...