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Post-Budget Reaction by Mr. Akshay Mehrotra, Co-Founder and CEO of Fibe Mr. Akshay Mehrotra, CEO and Co-Founder of Fibe post-budget 2023 reaction: “As India's Finance Minister Nirmala Sitharaman presented the budget for FY 23-24, I felt it was an inclusive one with a focus on most sectors. The budget which seeks to lower India’s fiscal deficit, with a focus on digitalization and incentives for investments to support an economy that is caught in the global slowdown along with the revision of income tax slabs, is a true testament t...
Post-Budget Reaction by Mr. Akshay Mehrotra, Co-Founder and CEO of Fibe
Post-Budget Reaction by Mr. Akshay Mehrotra, Co-Founder and CEO of Fibe
Source: PR Agency
2/02/2023 7:14:03 PM
Economic Survey is resilience demonstrated by the Indian economy amid challenges posed by geopolitical events in this period Says Vivek Rathi, Knight Frank India Below is Perspective on Econmic Survey By Mr. Vivek Rathi, Director Research, Knight Frank India “The theme of Economic Survey is resilience demonstrated by the Indian economy amid challenges posed by geopolitical events in this period. At 7% GDP growth in FY23 and 6-6.8% growth in FY24, India will continue to hold its fastest growing large nation tag. This will create tailwinds for the Indian economy as global capital and technology finds India a bright spot to participate...
Economic Survey is resilience demonstrated by the Indian economy amid challenges posed by geopolitical events in this period Says Vivek Rathi, Knight Frank India
Economic Survey is resilience demonstrated by the Indian economy amid challenges posed by geopolitical events in this period Says Vivek Rathi, Knight Frank India
Source: Knight Frank
1/02/2023 10:52:18 AM
The Ecosurvey depicts a positive picture about the economy ahead Says Madhavi Arora, Emkay Global Financial Services Perspective on Economic Survey by Ms. Madhavi Arora, Lead Economist, Emkay Global Financial Services “The Ecosurvey depicts a positive picture about the economy ahead, hoping that the growth trajectory will be supported by multiple structural reforms taken over the years, and better economic health of corporates and banks balancesheets, helped by healthy public sector capex. The hope is that all of it should help in starting a new private sector capital formation cycle – signs ...
The Ecosurvey depicts a positive picture about the economy ahead Says Madhavi Arora, Emkay Global Financial Services
The Ecosurvey depicts a positive picture about the economy ahead Says Madhavi Arora, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
1/02/2023 10:42:34 AM
What you can expect from the Union Budget 2023 The Union Budget 2023 is scheduled to be presented on 1st February 2023 by our honourable Finance Minister, Smt. Nirmala Sitharaman Ji. Its an annual financial statement that outlines Government’s income and expenditure for a given fiscal year which typicallystarts from the 1st of April and ends on the 31st of March. The union budget acts as a link between past policy choices and current economic realities, offering a glimpse into the government's future fiscal plans. But what...
What you can expect from the Union Budget 2023
What you can expect from the Union Budget 2023
Source: .
31/01/2023 7:10:11 PM
We are expecting an accelerating financial inclusion by recognizing the role of fintech in making credit Says Mr Ashish Khandelia, Certus Capital Below is quote on Pre-Budget Expectation by Mr Ashish Khandelia, Founder, Certus Capital. “Over the past few years, new-age technology has propelled the fast growth and expansion of the fintech industry. In the upcoming budget 2023-2024, we are expecting an accelerating financial inclusion by recognizing the role of fintech in making credit and financial products easily available to the multitudes. Given that fintech is already involved in financial inclusion, creating...
We are expecting an accelerating financial inclusion by recognizing the role of fintech in making credit Says Mr Ashish Khandelia, Certus Capital
We are expecting an accelerating financial inclusion by recognizing the role of fintech in making credit Says Mr Ashish Khandelia, Certus Capital
Source: PR Agency
31/01/2023 4:05:53 PM
Pre-Budget expectations : Focussed on Next Gen Neo Banking Solutions, offering a Unified Open API Platform Says S Anand, PaySprint Below are Views On Pre-Budget expectations quotes from S Anand, CEO & Co-Founder of PaySprint, "India boasts a staggering 87% adoption rate of fintech, significantly greater than the global average of 64%. Consequently, the Indian Fintech industry is set on a steep growth trajectory, expected to reach Rs 9.2 billion at a CAGR of 24.96% between 2022 and 2027. Supported by the robust startup ecosystem, the Fintech industry is shaping up to be a solid contributor to the nation...
Pre-Budget expectations : Focussed on Next Gen Neo Banking Solutions, offering a Unified Open API Platform Says S Anand, PaySprint
Pre-Budget expectations : Focussed on Next Gen Neo Banking Solutions, offering a Unified Open API Platform Says S Anand, PaySprint
Source: PR Agency
31/01/2023 3:50:50 PM
Economic survey is optimistic that India will continue to grow at a healthy rate in the medium term Says Vinod Nair, Geojit Financial Services Below is quote on Economic Survey by Vinod Nair, Head of Research at Geojit Financial Services  Economic survey is optimistic that India will continue to grow at a healthy rate in the medium term, led by consumption and capital expenditure. And the growth can expand to as high as 7 to 8 percent in the future. The fundamentals of the Indian economy are solid, however, in the short to medium-term, widening current account deficit for an extended period is a concern that could have ...
Economic survey is optimistic that India will continue to grow at a healthy rate in the medium term Says Vinod Nair, Geojit Financial Services
Economic survey is optimistic that India will continue to grow at a healthy rate in the medium term Says Vinod Nair, Geojit Financial Services
Source: Geojit Financial Services Ltd
31/01/2023 3:50:38 PM
Economic Survey - India`s GDP growth estimated at 6-6.8% Says Suman Bannerjee, Hedonova Below is comment from Suman Bannerjee, CIO, Hedonova, An AIF firm investing in alternative assets such as NFTs, Crypto and P2P lending on Economic Survey The Economic Survey 2022-23 projects India's economy to grow 6.5% in 2023-24, with growth driven by private consumption, higher capex, and credit growth to small businesses. India remains the fastest-growing major economy in the world, with real GDP growth estimated at 6-6.8%. Inflation is projected to be 6.8%, while the ext...
Economic Survey - India`s GDP growth estimated at 6-6.8% Says Suman Bannerjee, Hedonova
Economic Survey - India`s GDP growth estimated at 6-6.8% Says Suman Bannerjee, Hedonova
Source: PR Agency
31/01/2023 3:45:56 PM
Tech-Experts present a list of the key highlights for the budget for 2023 Key highlights for the budget for 2023 By Tech-Experts For the last two decades, India has been on the path to establish tech supremacy. The country’s burgeoning digital economy is poised for expansion, and its contribution to the government’s aim of a $5 trillion GDP by 2025 is going to be undoubtedly crucial. With the announcement of the Union Budget 2023-24 by Finance Minister Nirmala Sitharaman only a few days away, the industry is hopeful for a major boost from the go...
Tech-Experts present a list of the key highlights for the budget for 2023
Tech-Experts present a list of the key highlights for the budget for 2023
Source: PR Agency
31/01/2023 2:00:14 PM
Industry expects Budget to provide thrust to UDAN, help more airports to take off Along with the increase in air traffic, the country has witnessed growth in the aviation infrastructure especially in terms of more routes and development of airports. Keeping in view the past growth in the air traffic, Industry expects that the upcoming Budget will give wings to the aviation sector. The ambitious regional connectivity scheme UDAN (Ude Desh ka Aam Nagrik) is one such scheme of the government and it is going to add more feathers to its cap in the coming time. While 453 rout...
Industry expects Budget to provide thrust to UDAN, help more airports to take off
Industry expects Budget to provide thrust to UDAN, help more airports to take off
Source: IANS
31/01/2023 1:34:48 PM
Budget wishlist: Economy can touch $5 tn if lives of marginalised farmers improve  If the lives of millions of marginalised farmers are better and their standard of living improves, India as a nation should be coasting easily towards the target of a $5 trillion economy in the near future, said a top official from Lawrencedale Agro Processing (LEAF). "Farmers are and should be the centre of focus in all discussions, as they are the important stakeholders. Farmers are always confused by the various and frequent changes in the market on what will be the value for...
Budget wishlist: Economy can touch $5 tn if lives of marginalised farmers improve
Budget wishlist: Economy can touch $5 tn if lives of marginalised farmers improve
Source: IANS
31/01/2023 9:25:36 AM
Education sector is expecting tax benefits for digital initiatives  The National Education Policy 2020 aims to bring a digital transformation in imparting education from pre-kindergarten to Class 12. However, while textbooks are tax-free the same is not applicable to digital initiatives by the schools and is taxed at 18 per cent. Educationists, educational institutions and experts are hoping that the budget will correct this anomaly to give a fillip to accomplishing the vision of NEP-2020. Digital initiatives are also required to promote distan...
Education sector is expecting tax benefits for digital initiatives
Education sector is expecting tax benefits for digital initiatives
Source: IANS
30/01/2023 4:29:16 PM
Pre-Budget Expectation : Limit of tax deduction against home loan interest should be increased, keeping in view the rising interest rate. Says Mr. V Swaminathan, Andromeda Loans and Apnapaisa Below is Quote On Pre-Budget Expectation 2023  by Mr. V Swaminathan, executive chairman, Andromeda Loans and Apnapaisa In order to curtail inflation and promote growth, the Reserve Bank of India went on a repo-rate hiking spree in the year 2022. It has hiked the policy rate by 225 basis points since May 2022 and we may expect the central bank to increase the policy rates a few times in 2023 as well. With the Union Budget 2023 around the corner, the government may int...
Pre-Budget Expectation : Limit of tax deduction against home loan interest should be increased, keeping in view the rising interest rate. Says Mr. V Swaminathan, Andromeda Loans and Apnapaisa
Pre-Budget Expectation : Limit of tax deduction against home loan interest should be increased, keeping in view the rising interest rate. Says Mr. V Swaminathan, Andromeda Loans and Apnapaisa
Source: PR Agency
30/01/2023 3:03:33 PM
Pre-Budget Expectation : Deductions limit should be raised in line with inflation Says Col. Sanjeev Govila, Hum Fauji Initiatives Below is Quote On Pre-Budget Expectation 2023 by Col.Sanjeev Govila, CEO, Hum Fauji Initiatives, a financial planning firm: 80C is the only general Income Tax section available to everybody for saving some tax. This section covers a huge canvas from PPF/EPF, ELSS, NSC, NPS and SSY to Life Insurance policies, tuition fee and principal part of home loan. Even after increasing it to 3 Lakhs, a major part of one’s investments in these instruments for a middle-income p...
Pre-Budget Expectation : Deductions limit should be raised in line with inflation Says Col. Sanjeev Govila, Hum Fauji Initiatives
Pre-Budget Expectation : Deductions limit should be raised in line with inflation Says Col. Sanjeev Govila, Hum Fauji Initiatives
Source: PR Agency
30/01/2023 2:55:05 PM
Budget Preview 2023-24: Capex to remain at centre stage - ICICI Direct Union Budget for FY23-24 is likely to bring back the focus on fiscal consolidation after being fiscally expansionary to support growth recovery post the Covid-19 induced pandemic. We expect fiscal deficit at 5.8% for FY24 from 6.4% as budgeted in FY23. Overall focus will, however, continue on the growth agenda via higher capex allocation that will accelerate the investment cycle and employment. The buoyancy in tax revenues is expected to normalise in FY24 and likely be a tad above GDP grow...
Budget Preview 2023-24: Capex to remain at centre stage - ICICI Direct
Budget Preview 2023-24: Capex to remain at centre stage - ICICI Direct
Source: ICICI Direct Ltd
30/01/2023 2:44:54 PM
Pre-Budget Expectation : Various deductions limits should be enhanced Says Mr. Shailendra Kumar, TIOL Knowledge Foundation Below is Quote On Pre-Budget Expectation 2023  by Mr. Shailendra Kumar, Chairman, TIOL Knowledge Foundation, a fiscal think tank: Given the sluggish growth in the housing sector, the exemption limit of Rs 2 lakh on home loan interest payment should be raised to Rs 3 lakhs. Two-fold benefits will be a relief to salaried-voters in the next 16 months election season & also a push to dawdling the real estate sector which accounts for 8 per cent of GDP. Given the prec...
Pre-Budget Expectation : Various deductions limits should be enhanced Says Mr. Shailendra Kumar, TIOL Knowledge Foundation
Pre-Budget Expectation : Various deductions limits should be enhanced Says Mr. Shailendra Kumar, TIOL Knowledge Foundation
Source: PR Agency
30/01/2023 2:40:22 PM
Pre-Budget Expectation : Personal tax rates should be rationalized and brought in line with the corporate tax rates Says Vivek Jalan, Tax Connect Advisory Below is Pre budget views By Mr. Vivek Jalan, Partner, Tax Connect Advisory, a multi-disciplinary tax consultancy firm: It has become an urgent necessity to reduce the personal tax rates for individuals so that there is a degree of equity and fairness in relation to structuring decisions as well as being competitive with other countries. Because, after the reduction of corporate tax rates a few years back, the differential between personal and corporate tax has widened. The hi...
Pre-Budget Expectation : Personal tax rates should be rationalized and brought in line with the corporate tax rates Says Vivek Jalan, Tax Connect Advisory
Pre-Budget Expectation : Personal tax rates should be rationalized and brought in line with the corporate tax rates Says Vivek Jalan, Tax Connect Advisory
Source: PR Agency
30/01/2023 2:24:39 PM
Affordable housing demand down to 26% in 2022, sector expects boost from Budget While the affordable housing segment, the backbone of the housing sector, has witnessed a poor performance, the country's residential real estate sector looks to Budget 2023-24 to boost the country's flagging affordable housing segment. ANAROCK's Consumer Sentiment Survey finds that in 2022, demand for affordable housing has sunk precariously. In 2018, nearly 39 per cent property seekers in the top seven Indian cities were keen on affordable homes priced within Rs 40 lakh. This...
Affordable housing demand down to 26% in 2022, sector expects boost from Budget
Affordable housing demand down to 26% in 2022, sector expects boost from Budget
Source: IANS
30/01/2023 1:44:14 PM
Union Budget Preview by GEPL Capital Preface The Feb 1st, Budget day is near to us. The sentiments suggest that government would announce a series of measures in Union Budget FY24 that would help in the revival of the domestic economy. This time in Budget, The Where, How much, What are more important than before on course of headwinds in overall global economies from developing nations to the developed ones. Smart allocations through various majors could provide some degree of immunity to Indian economy. Budget Focus E...
Union Budget Preview by GEPL Capital
Union Budget Preview by GEPL Capital
Source: GEPLCapital Ltd
30/01/2023 12:48:07 PM
Pre-Budget Expectation : The Union Budget is expected to provide a boost to sustain the momentum in 2023 Says Mr. Aryaman Vir, MYRE Capital Below is  Quote On Pre-Budget Expectation 2023  by Mr. Manish Mehan, CEO and MD of TK Elevator India The real estate sector in India is one of the highest contributing sectors and has achieved remarkable recovery post-pandemic. The Union Budget is expected to provide a boost to sustain the momentum in 2023. The industry and stakeholders at large will be looking at the steps taken by the Government to facilitate overall growth. Some key expectations would ...
Pre-Budget Expectation : The Union Budget is expected to provide a boost to sustain the momentum in 2023 Says Mr. Aryaman Vir, MYRE Capital
Pre-Budget Expectation : The Union Budget is expected to provide a boost to sustain the momentum in 2023 Says Mr. Aryaman Vir, MYRE Capital
Source: PR Agency
30/01/2023 11:56:59 AM
Presented in the shadow of upcoming polls, Budget likely to be tightrope walk The FY24 Union Budget is likely to be a tightrope walk, considering its fiscal guidance and the 2024 Lok Sabha elections, Phillip Capital said in a report. "We estimate fiscal deficit for FY24 at 5.8-6.0% and FY23 at 6.2%. Muted nominal GDP growth (due to global slowdown and low deflator) will constrain tax revenue and government spending, compared to the strong pace in the last couple of years", the report said. Thus, the government's innovation will be tested - to delive...
Presented in the shadow of upcoming polls, Budget likely to be tightrope walk
Presented in the shadow of upcoming polls, Budget likely to be tightrope walk
Source: IANS
28/01/2023 6:10:03 PM
FM Nirmala Sitharaman holds the key to a revival of capital markets The Union Budget 2023-24 is less than a week away, actually four calendar days. There are just two trading sessions left and then the budget would be presented on February 1. Yet markets seem unaware of it as there is no reaction or expectation to the expected event which has a special significance. This Budget would be the last one before the 2024 general elections. The government of the day would use it as an opportunity to meet expectations of as large a population as it could, and keep...
FM Nirmala Sitharaman holds the key to a revival of capital markets
FM Nirmala Sitharaman holds the key to a revival of capital markets
Source: IANS
28/01/2023 6:08:09 PM
Measures likely to give some momentum to laggard deposits With the Indian banking sector stable plank with the ghosts of non-performing assets (NPA) vanishing -- at least for now -- there may not be any major announcements by Finance Minister Nirmala Sitharaman as to capital infusion in public sector banks or even their disinvestment in the upcoming Union Budget, said experts. With the credit offtake being good while deposit mobilisation lagging behind, the Centre may announce something to increase bank deposits, they added. "The banking ...
Measures likely to give some momentum to laggard deposits
Measures likely to give some momentum to laggard deposits
Source: IANS
28/01/2023 6:05:55 PM
Budget wishlist: Skilled workforce, clean energy, geo-spatial mapping The Union Budget 2023 is just a few days away and theres much expectation from all and sundry that this election eve Budget will deliver a booster shot for growth. More so as the world is staring at a recession, there's a war going on for almost a year now between Russia and Ukraine, and the post pandemic world is seeing a reset in geopolitical equations with more inward looking policies. Given the specialised nature of jobs now and greater use of technology tools including Artifici...
Budget wishlist: Skilled workforce, clean energy, geo-spatial mapping
Budget wishlist: Skilled workforce, clean energy, geo-spatial mapping
Source: IANS
28/01/2023 6:01:53 PM
`Election Budget` to focus on job creation, farm sector and rural growth Union Finance Minister Nirmala Sitharaman is going to present the last full budget of the second term of the Narendra Modi government in Parliament on February 1. As this will be the last full budget of the Modi government before the 2024 Lok Sabha elections, it is being said that the election glimpse will be apparent in the budget. Former Congress president Rahul Gandhi and other opposition parties are expected to make the budget an issue in the elections. Looking at the preparati...
`Election Budget` to focus on job creation, farm sector and rural growth
`Election Budget` to focus on job creation, farm sector and rural growth
Source: IANS
28/01/2023 5:53:23 PM
Why`s the insurance industry largely silent on 100% FDI demand? Strangely not much of noise is being heard from the Indian insurance sector on hiking the foreign direct investment (FDI) to 100 per cent from the current 74 per cent as their budget wishlist. In the past, the sector's top executives would make a high-decibel pitch for their demand to increase the FDI limit. Earlier, the life insurance industry had advocated that the increase in FDI from 26 per cent to 74 per cent would bring in an additional capital of Rs 50,000 crore. Incidenta...
Why`s the insurance industry largely silent on 100% FDI demand?
Why`s the insurance industry largely silent on 100% FDI demand?
Source: IANS
28/01/2023 5:49:43 PM
FM Nirmala Sitharaman likely to try and pull fiscal deficit below 6% in 2023-24 As Union Finance Minister Nirmala Sitharaman prepares to present the last full budget of the NDA government before the 2024 Lok Sabha elections, she may try to focus on fiscal consolidation and bringing the fiscal deficit target down to less than 6 per cent of the GDP. On February 1, she may try to look at a fiscal deficit figure, which is much lesser than the 6.4 per cent of GDP, which was the target in the previous budget for 2022-23. In the previous two financial years, which were ma...
FM Nirmala Sitharaman likely to try and pull fiscal deficit below 6% in 2023-24
FM Nirmala Sitharaman likely to try and pull fiscal deficit below 6% in 2023-24
Source: IANS
28/01/2023 5:42:11 PM
Pre-Budget Expectations : The priority would be to ensure stability & growth in the system Says Venkatraman Venkateswaran, Federal Bank Below is Pre-Budget quote Venkatraman Venkateswaran, Group President & CFO, Federal Bank "In my view, the priority would be to ensure stability & growth in the system. Till recent past we had seen investment from government in capex as the major driver, but now private capex seems picking up but there is still a lot of potential. We need to spur investment of both govt & private sector to keep the economy on growth trajectory for a sustained period. Directionally, gov...
Pre-Budget Expectations : The priority would be to ensure stability & growth in the system Says Venkatraman Venkateswaran, Federal Bank
Pre-Budget Expectations : The priority would be to ensure stability & growth in the system Says Venkatraman Venkateswaran, Federal Bank
Source: PR Agency
28/01/2023 3:48:27 PM
We look forward to reforms that provide tax benefits on preventive health check-ups and healthcare skilling Says Chander Shekhar Sibal, FUJIFILM India Below is quote on Budget 2023 expectation by HealthCare Sector from Mr. Chander Shekhar Sibal, Executive Vice President & Head of Medical Division at FUJIFILM India  “The healthcare industry met with some of the most grave challenges during the last three years, owing to the pandemic and other factors. However, with the government’s relentless support, including a rise in budget allocations as part the “Healthy India” vision in FY23, the country w...
We look forward to reforms that provide tax benefits on preventive health check-ups and healthcare skilling Says Chander Shekhar Sibal, FUJIFILM India
We look forward to reforms that provide tax benefits on preventive health check-ups and healthcare skilling Says Chander Shekhar Sibal, FUJIFILM India
Source: PR Agency
28/01/2023 1:55:38 PM
We anticipate measures that protect and propel real estate`s growth as an alternative investment asset class Says Raj S. Inamdar, TriVeda Capital Below is quote on Budget 2023 expectation by Real Estate Sector from  Raj S. Inamdar, Partner at TriVeda Capital Indian real estate is rapidly emerging as the asset class of choice for investors, driven by strong sales growth, increased rental yields, extensive infrastructure projects and upward revisions in India’s GDP growth forecasts. Investors are recognizing real estate's vast untapped growth potential in comparison to asset classes such as stocks, bon...
We anticipate measures that protect and propel real estate`s growth as an alternative investment asset class Says Raj S. Inamdar, TriVeda Capital
We anticipate measures that protect and propel real estate`s growth as an alternative investment asset class Says Raj S. Inamdar, TriVeda Capital
Source: PR Agency
28/01/2023 12:56:00 PM
The budget can propose incentives to encourage the speedier construction of houses Says Dr. Rajan Samuel, Habitat for Humanity India Below is quote on Budget 2023 expectation by Housing Sector from Dr. Rajan Samuel, Managing Director, Habitat for Humanity India  "The government has been steadily focusing on addressing the housing demand of economically weaker sections through housing schemes like PMAY and MNREGA. Access to decent housing not only ensures the dignity of a family but also builds resilience and security for the family members. Therefore, the Union Budget 2023 must maintain momentum and ...
The budget can propose incentives to encourage the speedier construction of houses Says Dr. Rajan Samuel, Habitat for Humanity India
The budget can propose incentives to encourage the speedier construction of houses Says Dr. Rajan Samuel, Habitat for Humanity India
Source: PR Agency
28/01/2023 11:41:52 AM
Logistics industry expects the Budget to propose measures to strengthen the logistics and supply chain management infrastructure Says Anshuman Singh, Stellar Value Chain Solutions Below is quote on Budget 2023 expectation by Logisitcs Sector from Mr. Anshuman Singh, MD & Chairman, Stellar Value Chain Solutions "Logistics industry is the key growth engine of the economy, as a result, logistics infrastructure development has been given a major impetus by the government. Clearly the government recognises the logistics industry's role in fast tracking the economic growth by aiding industries in their growth trajectory post the pandemic. Launch of ...
Logistics industry expects the Budget to propose measures to strengthen the logistics and supply chain management infrastructure Says Anshuman Singh, Stellar Value Chain Solutions
Logistics industry expects the Budget to propose measures to strengthen the logistics and supply chain management infrastructure Says Anshuman Singh, Stellar Value Chain Solutions
Source: PR Agency
28/01/2023 10:01:10 AM
What`s in store for real estate in Union Budget 2023? The Union Budget 2023-24 will be presented at a time when the global economy has come out of the shadows of Covid-19 but is faced with new challenges. While the global economy is facing recessionary pressures, the Indian economy is relatively well placed. The Indian economy is resilient, led by its foreign exchange reserves, credit growth etc, and is likely to clock in GDP growth of 6.8% for FY2023. On the real estate side, the year 2022 has proven to be one of robust growth, after two years ...
What`s in store for real estate in Union Budget 2023?
What`s in store for real estate in Union Budget 2023?
Source: PR Agency
27/01/2023 2:58:26 PM
`FY24 budget should be favourable to Electric vehicle like the FY23 budget` The year that went by was significant as far as the Indian electric vehicle (EV) industry is concerned as in the three wheeler segment EV vehicles overtook the traditional fuel-powered ones, said Sulajja Firodia Motwani, Founder and CEO, Kinetic Green. Like last year's Union Budget which was positive for the EV industry, this year too she expects it to favour the sector. "2022 was a significant year for the EV sector in India. The industry saw EVs outnumbering ICE (internal com...
`FY24 budget should be favourable to Electric vehicle like the FY23 budget`
`FY24 budget should be favourable to Electric vehicle like the FY23 budget`
Source: IANS
27/01/2023 1:03:41 PM
Finance Minister participates in `Halwa`ceremony to mark final stage of budget preparations Finance Minister Nirmala Sitharaman and two junior ministers Bhagwat Karad and Pankaj Chaudhary along with senior officials of the finance ministry as well as members of budget press on Thursday participated in the 'Halwa' ceremony, which marks the final stage of budget preparations. The ceremony was held within North Block premises, which houses the finance ministry. A customary Halwa ceremony is performed every year before the 'lock-in' process of budget preparation be...
Finance Minister participates in `Halwa`ceremony to mark final stage of budget preparations
Finance Minister participates in `Halwa`ceremony to mark final stage of budget preparations
Source: IANS
26/01/2023 4:42:09 PM
Pre-Budget Expectation : To encourage SMEs to undertake the green transition CGTMSE guarantee can be expanded Says Govind Sankaranarayanan, Ecofy Below is Pre budget views By Mr. Govind Sankaranarayanan: Co-founder & COO, Ecofy - India’s new Green NBFC. “Firstly, we hope the FAME subsidy will be extended to enable the EV space to achieve its full potential. Further a tax credit to individual house owners on loans for residential rooftop installations below 20 KW would democratize the use of solar. It would also be good to increase fund allocation to enforce robust implementation of battery and waste managem...
Pre-Budget Expectation : To encourage SMEs to undertake the green transition CGTMSE guarantee can be expanded Says Govind Sankaranarayanan, Ecofy
Pre-Budget Expectation : To encourage SMEs to undertake the green transition CGTMSE guarantee can be expanded Says Govind Sankaranarayanan, Ecofy
Source: PR Agency
25/01/2023 12:14:25 PM
Budget 2023-24: Here`s what the Startups from different segments wishing for Union Budget 2023-24 Expectation: Companies anticipate that regulatory requirements will be simplified to make doing business easier. The announcement of India's Union Budget is quickly approaching. The entire country is eagerly awaiting the presentation of the Union Budget 2023-24 by Finance Minister Nirmala Sitharaman on February 1st. The government has been working to encourage the growth of new businesses in the country. So it's no surprise that the startup sector has high hope...
Budget 2023-24: Here`s what the Startups from different segments wishing for
Budget 2023-24: Here`s what the Startups from different segments wishing for
Source: PR Agency
24/01/2023 4:51:01 PM
Budget Expectations 2023 : Challenges are need to be addressed to sustain the momentum Says Mr. Sharad Mittal By Motilal Oswal Real Estate Funds 2022 was a landmark year for the Indian real estate sector, with residential housing sales increasing by over 50% in comparison with 2021. However, there are challenges that need to be addressed to sustain the momentum. Given that the real estate sector is amongst the largest employment generators in India, the boost to the sector amplifies the employment opportunities for a large mass of population. Few of the measures which could be deliberated in the upcoming budget include   1....
Budget Expectations 2023 : Challenges are need to be addressed to sustain the momentum Says Mr. Sharad Mittal By Motilal Oswal Real Estate Funds
Budget Expectations 2023 : Challenges are need to be addressed to sustain the momentum Says Mr. Sharad Mittal By Motilal Oswal Real Estate Funds
Source: PR Agency
24/01/2023 4:29:26 PM
Budget 2023 expected to focus on job creation Analysts expect the forthcoming Union Budget to focus on job creation. B. Gopkumar, MD & CEO, Axis Securities said as this is the last full-year Budget before the Union Election in 2024, it is expected to be growth-oriented. The primary focus of the Budget is likely to be on job creation and investment-driven growth. The real estate sector may get a boost with some announcements to expand the current income tax benefit for housing, Gopkumar said. Measures to stimulate rural spend...
Budget 2023 expected to focus on job creation
Budget 2023 expected to focus on job creation
Source: IANS
24/01/2023 2:40:59 PM
Infra development, social security for gig workers - few expectations of India Inc from Budget 2023 In recent years, structural reforms initiated by the Government have laid the foundation for long term economic growth. The Union Budget 2023 will determine the roadmap for our country in the rapidly changing global scenario. India's favourable demographics comprising a growing share of the working population and rising aspirations of the middle-class has brought it on the cusp of transformation. With the budget 2023-24 fast approaching, key industries have come out with their wishlist...
Infra development, social security for gig workers - few expectations of India Inc from Budget 2023
Infra development, social security for gig workers - few expectations of India Inc from Budget 2023
Source: IANS
24/01/2023 12:57:22 PM
Pre-Budget Expectation : With inflation being elevated over the last couple of months, the construction cost has increased Says Mr. Ravi Subramanian, Shriram Housing Below is Pre budget views By Mr. Ravi Subramanian, MD & CEO of Shriram Housing Housing for All has been amongst the most significant initiatives driven by the GoI. We expect the govt. would continue to build upon schemes such as PMAY to emphasise the importance of the same. The rural low-income housing segment with ticket sizes of INR 8-15 lakh and borrower income of under INR 3 lakh annually is the segment where the need for adequate housing is acute. To address the demand-s...
Pre-Budget Expectation : With inflation being elevated over the last couple of months, the construction cost has increased Says Mr. Ravi Subramanian, Shriram Housing
Pre-Budget Expectation : With inflation being elevated over the last couple of months, the construction cost has increased Says Mr. Ravi Subramanian, Shriram Housing
Source: PR Agency
23/01/2023 4:40:59 PM
Pre-Budget Expectations : The Union Budget 2023, the government needs to prioritise cutting down the fiscal deficit target and controlling inflation Says Mr. Aditya Damani, Credit Fair Below is Pre budget views By Mr. Aditya Damani, Founder & CEO of Credit Fair "In the Union Budget 2023, the government needs to prioritise cutting down the fiscal deficit target and controlling inflation. At the same time, it needs to continue with the capital expenditure to facilitate broad-based economic growth. From the NBFC sector point of view, the government also needs to maintain stability in the interest rate increase so that the sector which has been playing sig...
Pre-Budget Expectations : The Union Budget 2023, the government needs to prioritise cutting down the fiscal deficit target and controlling inflation Says Mr. Aditya Damani, Credit Fair
Pre-Budget Expectations : The Union Budget 2023, the government needs to prioritise cutting down the fiscal deficit target and controlling inflation Says Mr. Aditya Damani, Credit Fair
Source: PR Agency
23/01/2023 4:14:06 PM
Pre-Budget Expectation : Capital Expenditure expected to be closer to 3% of GDP for 2023-24 Says Mr. Karan Desai Interface Ventures Below is Pre budget views By Mr. Karan Desai - Founder at Interface Ventures "Union Budget 2023 set to be presented on February 1, 2023, is being widely anticipated as one of the most progressive and growth focused budgets in recent times. While there are expectations of some changes on the direct tax front, such as doubling of the IT exemption limit from 2.5 lakhs to 5 lakhs, and standard deduction from Rs. 50,000 to Rs. 1,00,000 to account for inflation, the larger focus w...
Pre-Budget Expectation : Capital Expenditure expected to be closer to 3% of GDP for 2023-24 Says Mr. Karan Desai Interface Ventures
Pre-Budget Expectation : Capital Expenditure expected to be closer to 3% of GDP for 2023-24 Says Mr. Karan Desai Interface Ventures
Source: PR Agency
23/01/2023 4:06:00 PM
Pre Budget Expectations : Even though expenditure for FY23 will likely surpass the budgeted numbers, the math will be under control due to the buoyancy in tax collections By Amar Ambani, Yes Securities Below is Pre budget views By Mr. Amar Ambani, Group President and Head, Institutional Equities, YES SECURITIES After the pandemic-induced spurt in spending, FY24 Budget expansion is likely to be a moderate one, with the economy having stabilized. From looking at the budget data of the last two decades, it is amply evident that the NDA tends to be less expansionary on the fiscal.  The government will continue to focus on Capex and also persist with its intent to swell...
Pre Budget Expectations : Even though expenditure for FY23 will likely surpass the budgeted numbers, the math will be under control due to the buoyancy in tax collections By Amar Ambani, Yes Securities
Pre Budget Expectations : Even though expenditure for FY23 will likely surpass the budgeted numbers, the math will be under control due to the buoyancy in tax collections By Amar Ambani, Yes Securities
Source: Yes Securities Ltd
23/01/2023 12:48:34 PM
Railway Ministry sets in motion Rs 2-trillion budgetary push  The people have high expectations from the Rail Budget as the Union Finance Minister Nirmala Sitharaman will present her fifth Budget on February 1. In its first term, the Modi government at the Centre had linked the Rail Budget with the General Budget, under which the money for the Railways is now provided. According to the information, the Centre is going to increase the Railway Budget this time by up to 20 per cent. Earlier, in the pre-Budget meeting, the Railway Board dema...
Railway Ministry sets in motion Rs 2-trillion budgetary push
Railway Ministry sets in motion Rs 2-trillion budgetary push
Source: IANS
22/01/2023 3:47:46 PM
Charging infrastructure needs big push as EV adoption grows in India To help India realise its EV dream, creating a vast network of public stations and community charging stations (in societies) in key metro cities is a daunting task and at the moment, the country stares at a huge gap as EV adoption increases, especially in the two-wheeler segment. According to the Ministry of Power guidelines, the EV charging infrastructure is categorised in five broad areas. These are Electric Vehicle Supply Equipment (EVSE), Public Charging Stations (for the masses), ...
Charging infrastructure needs big push as EV adoption grows in India
Charging infrastructure needs big push as EV adoption grows in India
Source: IANS
22/01/2023 2:46:11 PM
EV sector's 2.0 transition sees slew of upgrades, but subsidy dependence stays In the Indian automotive sector, the electric vehicle segment seems to be the happening one with traditional EV makers and newer ones jumping in with great vigour. So much so, the Chennai-based conglomerate Murugappa group that had launched and closed production and sales of electric two-wheelers several years back -- through BSA Motors -- has re-entered the EV segment. The group's flagship company Tube Investments of India Ltd through its subsidiary TI Clean Mobility has announced ...
EV sector's 2.0 transition sees slew of upgrades, but subsidy dependence stays
EV sector's 2.0 transition sees slew of upgrades, but subsidy dependence stays
Source: IANS
22/01/2023 2:40:08 PM
Pre-budget rally seems likely after last week's moves It was a tough week at the bourses and the benchmark indices gained on two of the five trading sessions. They ended with small gains for the week even though Dow had a poor showing. BSESENSEX gained 360.59 points or 0.60 per cent to close at 60,621.77 points while NIFTY gained 71.05 points or 0.40 per cent to close at 18,027.65 points. The broader indices saw BSE100, BSE200 and BSE500 gain 0.16 per cent, 0.13 per cent and 0.03 per cent. BSEMIDCAP and BSESMALLCAP both were down, losing 0.66...
Pre-budget rally seems likely after last week's moves
Pre-budget rally seems likely after last week's moves
Source: IANS
22/01/2023 2:00:03 PM