News

India starts importing tomatoes from Nepal amid price spike  India has started importing tomatoes from Nepal, India's finance minister said on Thursday amid a record high spike in prices in the country. The first lot of imports are likely to reach by Friday in Varanasi, Lucknow and Kanpur cities in northern India, Finance Minister Nirmala Sitharaman told the parliament. Tomato prices have surged more than 1,400% at the wholesale market to a record 140 rupees ($1.69) per kg in the past three months, with farmers citing reasons including ...
India starts importing tomatoes from Nepal amid price spike
India starts importing tomatoes from Nepal amid price spike
Source: Reuters
10/08/2023 1:44:21 PM
Industry hails passing of historic data protection bill Leading industry leaders and stakeholders hailed the passing of Digital Personal Data Protection Bill (DPDP) 2023 by the Parliament as it secured the Rajya Sabha's nod on Wednesday, terming it a “watershed moment”. Nasscom said this marks a significant leap forward for India to establish a robust framework for personal data protection and build India as a trusted data destination. Ensuring comprehensive data protection is paramount for accelerating India’s digital ...
Industry hails passing of historic data protection bill
Industry hails passing of historic data protection bill
Source: IANS
10/08/2023 9:39:53 AM
LPU Chancellor and Rajya Sabha MP Dr. Ashok Kumar Mittal meets PM Narendra Modi Dr. Ashok Kumar Mittal, the Chancellor of Lovely Professional University and a Member of Parliament in Rajya Sabha, along with his family members, recently met with the Honorable Prime Minister of India, Mr. Narendra Modi. During the meeting, Dr. Mittal reminded the Prime Minister of his visit to LPU during the Indian Science Congress in 2019, where he addressed the scientific community and coined the "Jai Anusandhan" slogan. Dr. Mittal shared his views on the importance of promo...
LPU Chancellor and Rajya Sabha MP Dr. Ashok Kumar Mittal meets PM Narendra Modi
LPU Chancellor and Rajya Sabha MP Dr. Ashok Kumar Mittal meets PM Narendra Modi
Source: PR Agency
9/08/2023 2:20:08 PM
Parliamentary panel suggests Chemicals & Fertilisers Ministry`s Petrochemicals Division go to Petroleum Ministry A Parliamentary panel has suggested that the Petrochemicals Division of the Chemicals and Fertilisers Ministry should be shifted to the Petroleum Ministry, as it would benefit both the sectors and lead to better policy formulation. The Parliamentary Standing Committee on petroleum and natural gas, in its report, which was presented in both Houses of Parliament on Tuesday, made this suggestion on the basis of the fact that ever since the Petrochemicals Division was transferred from the Petr...
Parliamentary panel suggests Chemicals & Fertilisers Ministry`s Petrochemicals Division go to Petroleum Ministry
Parliamentary panel suggests Chemicals & Fertilisers Ministry`s Petrochemicals Division go to Petroleum Ministry
Source: IANS
9/08/2023 9:31:25 AM
Cabinet clears telecom bill, likely to be introduced in Parliament next week  The Union Cabinet is learnt to have cleared the Telecommunication Bill during its meeting which took place on Friday, sources aware of the developments said. With the cabinet having cleared the proposed legislation, it is likely to be introduced in the Parliament next week. The bill proposes to enlarge the scope of telecommunication services by including OTT, Internet-based and satellite-based communication services, broadcasting, internet and broadband services within its ambit. ...
Cabinet clears telecom bill, likely to be introduced in Parliament next week
Cabinet clears telecom bill, likely to be introduced in Parliament next week
Source: IANS
5/08/2023 9:08:41 AM
Competitive behaviour needs to be gauged prior to market monopolisation, says Parliamentary panel A Parliamentary panel has taken serious note of the challenges posed by the winner-take-all markets where winners emerge within a few years of the market having evolved, and by the time, anti-competitive policies are formulated, the market tips in one direction and a winner emerges. To tackle such a situation, the Parliamentary panel on Finance, in its report on anti-competitive practices by big tech companies, which was tabled on Thursday in Parliament, has suggested that competitive beha...
Competitive behaviour needs to be gauged prior to market monopolisation, says Parliamentary panel
Competitive behaviour needs to be gauged prior to market monopolisation, says Parliamentary panel
Source: IANS
28/07/2023 9:57:00 AM
Cabinet clears Mediation Bill, Press and Registration of Periodicals Bill The union cabinet on Wednesday cleared The Mediation Bill, 2021 and the Press and Registration of Periodicals Bill, 2023. Both the bills will be brought during the forthcoming monsoon session of Parliament, which commences from tomorrow. The Mediation Bill requires persons to try and settle civil or commercial disputes through mediation before approaching any court or tribunal. A party may withdraw from mediation after two mediation sessions. The mediation process must be completed w...
Cabinet clears Mediation Bill, Press and Registration of Periodicals Bill
Cabinet clears Mediation Bill, Press and Registration of Periodicals Bill
Source: IANS
19/07/2023 4:39:40 PM
Members of UK Parliament urge Prime Minister Narendra Modi to protect endangered Asian elephants British MP Henry Smith, along with more than 85 other parliament members, including those from the House of Lords and House Commons, and renowned celebrities, are urging Prime Minister Narendra Modi to take all possible steps to protect endangered Asian elephants and control man-animal conflict in India. With almost 1200 elephants killed in the last 10 years across India -- 245 of them in the past three years in Odisha alone -- the gentle giants are at a grave risk, with just 27000 left in...
Members of UK Parliament urge Prime Minister Narendra Modi to protect endangered Asian elephants
Members of UK Parliament urge Prime Minister Narendra Modi to protect endangered Asian elephants
Source: IANS
9/07/2023 9:20:20 AM
Industry needs to work closely with government on new data protection bill  The approval of the Digital Personal Data Protection (DPDP) Bill by the Cabinet presents a positive step towards instituting a data protection regime in the country and industry will need to work closely with the government so that the rules are simple and implementable, especially for the startup ecosystem, experts said on Thursday. The clearance paves the way for the DPDP Bill to be introduced in Parliament in the upcoming Monsoon session, scheduled to begin on July 20. “P...
Industry needs to work closely with government on new data protection bill
Industry needs to work closely with government on new data protection bill
Source: IANS
6/07/2023 2:41:44 PM
India`s National Research Fund to provide necessary fillip to R&D Paving the way for establishing National Research Fund (NRF), the Indian government has approved the introduction of the National Research Foundation (NRF) Bill, 2023 in the Parliament. The NRF will seed, grow and promote research and development (R&D) and foster a culture of research and innovation throughout India’s universities, colleges, research institutions and R&D laboratories. The Bill, after approval in the Parliament, will establish NRF, an apex body to provide h...
India`s National Research Fund to provide necessary fillip to R&D
India`s National Research Fund to provide necessary fillip to R&D
Source: IANS
4/07/2023 2:15:24 PM
PM Narendra Modi inaugurates new Parliament House After installing the historic 'Sengol' near the Lok Sabha Speaker's chair, Prime Minister Narendra Modi on Sunday unveiled the plaque to mark the inauguration of the new Parliament building here. After the 'puja' and 'havan', the Prime Minister received the historic 'Sengol' from the Adheenams' seers and then installed it inside the new Parliament building near the Lok Sabha Speaker's Chair. Lok Sabha Speaker Om Birla accompanied the Prime Minist...
PM Narendra Modi inaugurates new Parliament House
PM Narendra Modi inaugurates new Parliament House
Source: IANS
28/05/2023 9:12:45 AM
PM Narendra Modi installs 'Sengol' in new Parliament House Prime Minister Narendra Modi on Sunday installed the 'Sengol' in the new Parliament building ahead of the inauguration. Modi arrived in Parliament premises and offered floral tributes to Mahatma Gandhi. He then along with Lok Sabha Speaker Om Birla participated in the puja for the inauguration of the new building. PM Modi then took the 'Sengol' and walked towards the new Parliament House with the Adheerams of several Mutts from Tamil Nadu to install it in the new buildin...
PM Narendra Modi installs 'Sengol' in new Parliament House
PM Narendra Modi installs 'Sengol' in new Parliament House
Source: IANS
28/05/2023 8:44:20 AM
Parliamentary panel asks government to take steps to revive loss-making PSUs  Out of the 16 operational central public sector enterprises (CPSEs) under the administrative control of the heavy industries ministry, five CPSEs including Heavy Engineering Corporation (HEC) and Hindustan Machine Tools (HMT) are making losses. A high-level Parliamentary panel of Rajya Sabha has expressed concern over this fact and also noted that a number of CPSEs under the ministry's administrative control are gradually decreasing. The panel has asked the heavy industries mi...
Parliamentary panel asks government to take steps to revive loss-making PSUs
Parliamentary panel asks government to take steps to revive loss-making PSUs
Source: IANS
8/04/2023 9:39:28 AM
Total amount of cess and surcharge grew by 63.74% from 2017-18 to 2022-23  The total amount of cess and surcharge grew by 63.74 per cent from 2017-18 to 2022-23 (RE), the Parliament was told on Monday. Collections under GST Compensation Cess grew by 107.6 per cent from 2017-18 to 2022-23 (RE), Finance Minister Nirmala Sitharaman told the Lok Sabha in a written reply. The Minister saidthat in the case of GST Compensation Cess, the proceeds of the cess leviable is initially credited to the Consolidated Fund of India, in terms of Article 266 of the Constitu...
Total amount of cess and surcharge grew by 63.74% from 2017-18 to 2022-23
Total amount of cess and surcharge grew by 63.74% from 2017-18 to 2022-23
Source: IANS
28/03/2023 9:09:51 AM
India likely to propose removing long-term tax benefits for debt mutual funds  India may propose that investments in debt mutual funds be taxed as short-term capital gains, according to a source with knowledge of the matter, a move that could strip investors of the long-term tax benefits that made such investments popular. Mutual funds with less than 35% invested in equity shares are proposed to be treated as short-term and indexation benefits available to such funds may be removed prospectively, the source said. This could translate to higher taxes for the fun...
India likely to propose removing long-term tax benefits for debt mutual funds
India likely to propose removing long-term tax benefits for debt mutual funds
Source: Reuters
24/03/2023 9:30:06 AM
Develop mechanism for online audit of GST: Parliamentary Panel on Finance A high-level Parliamentary panel has suggested to the government to look into the possibility of developing a mechanism for online audit in GST, in order to make the process more efficient and less intrusive. The Parliamentary Standing Committee on Finance in its report on demands for grants for Finance Ministry's Revenue Department, which was presented in Parliament on Thursday, has recommended that government should prepare a white list of documents that would be necessarily required...
Develop mechanism for online audit of GST: Parliamentary Panel on Finance
Develop mechanism for online audit of GST: Parliamentary Panel on Finance
Source: IANS
24/03/2023 9:08:25 AM
Sweden's Parliament endorses country joining NATO Swedish lawmakers have overwhelmingly voted in favour of the country joining the NATO. The vote on Wednesday was 269 in favour and 37 against, reports Xinhua news agency. Forty-three lawmakers were absent and two of the eight parties represented in the country's Parliament (Riksdag) -- the Left Party and the Green Party -- voted against the motion. Hungary and Turkey remain the last two hold-outs among NATO's 30 members to ratify the accession of Sweden and Finland to the mil...
Sweden's Parliament endorses country joining NATO
Sweden's Parliament endorses country joining NATO
Source: IANS
23/03/2023 11:59:44 AM
Government to seek Parliament's approval for union budget today Amid continued disruptions in proceedings of both houses of Parliament with both ruling BJP and opposition Congress refusing to climb down from their positions, the government will try to get the budget passed in Parliament on Thursday. While the Congress is seeking a joint parliamentary committee probe in the Adani matter, the BJP has disrupted proceedings, seeking Congress MP Rahul Gandhi's apology over his remarks on democracy in London. On Wednesday, the government had got the b...
Government to seek Parliament's approval for union budget today
Government to seek Parliament's approval for union budget today
Source: IANS
23/03/2023 11:40:09 AM
Parl panel pulls up Power Ministry for `laggard approach` in smart meters installation A Parliamentary panel has pulled up the Power Ministry for poor implementation of the Revamped Distribution Sector Scheme (RDSS), under which 25 crore smart meters are to be installed by 2025-26. In its report tabled in Parliament on Tuesday, the Parliamentary Standing Committee on Energy noted that that so far only 70 lakh smart meters have been installed, and out of this, only 10 lakh are pre-paid meters. "Considering the present pace of installation of smart meters, the target o...
Parl panel pulls up Power Ministry for `laggard approach` in smart meters installation
Parl panel pulls up Power Ministry for `laggard approach` in smart meters installation
Source: IANS
22/03/2023 9:07:45 AM
Indian crude oil basket price rose 23% between December 2021-March 2023: Government The price of the Indian crude oil basket, in rupee per barrel terms, rose by 23 per cent from December 2021 to March 2023, but compared to this, the increase in retail selling price of petrol and diesel in Delhi has only been 1.08 per cent and 3.40 per cent, the Parliament was told on Thursday. Prices of petrol and diesel have not been increased by public sector oil marketing companies (OMCs) since April 6, 2022, despite record high international prices, Minister of State for Petroleum Ram...
Indian crude oil basket price rose 23% between December 2021-March 2023: Government
Indian crude oil basket price rose 23% between December 2021-March 2023: Government
Source: IANS
17/03/2023 9:22:33 AM
Wheat production estimated at 112.18 million tonnes in 2022-23 Wheat production in agriculture year 2022-23, as per the Second Advance Estimates, is estimated at 112.18 million tones which is higher by 4.44 million tonnes than the production achieved during 2021-22, the Parliament was told on Tuesday. Agriculture and Farmers Welfare Minister Narendra Singh Tomar also told the Lok Sabha in a written reply that at present, there is no proposal for lifting restriction on export of wheat. "During the current fiscal year (upto January, 2023),Rs 11,...
Wheat production estimated at 112.18 million tonnes in 2022-23
Wheat production estimated at 112.18 million tonnes in 2022-23
Source: IANS
15/03/2023 8:51:42 AM
Prime Minister holds meeting with key cabinet ministers in Parliament Amid protests by treasury benches in Parliament over Congress MP Rahul Gandhi's democracy comments in London which have disrupted proceedings in both houses, Prime Minister Narendra Modi on Tuesday held a meeting with his cabinet ministers. According to sources, the meeting was attended by Commerce Minister Piyush Goyal, Road Transport Minister Nitin Gadkari, I&B Minister Anurag Thakur, Parliamentary Affairs and Coal Minister Pralhad Joshi, Agriculture Minister Narendra Tomar and L...
Prime Minister holds meeting with key cabinet ministers in Parliament
Prime Minister holds meeting with key cabinet ministers in Parliament
Source: IANS
14/03/2023 12:46:03 PM
Centre to seek Parliament`s approval for 2nd batch of supplementary demands for grants The Centre on Tuesday will seek Parliament's approval for the second batch of supplementary demands for grants (2022-23). Through the demands for grants, the government plans to spend an additional Rs 1,48,133 crore for the remaining period of the current fiscal. The Lok Sabha will also take up for discussion and voting the supplementary demands for grants for the union territory of Jammu and Kashmir for 2023-24. The lower house will also take up for discussion and voting the sup...
Centre to seek Parliament`s approval for 2nd batch of supplementary demands for grants
Centre to seek Parliament`s approval for 2nd batch of supplementary demands for grants
Source: IANS
14/03/2023 9:01:59 AM
Engaging with G20 to build global policy approach on crypto assets: Government  India is engaging with G20 countries to build international coordination on a policy approach to crypto assets, the Parliament was informed on Monday. The Indian G20 Presidency provides an opportunity to place different priorities, including priority on crypto assets, on the agenda for international collaboration, Minister of State for Finance Pankaj Chaudhary told the Lok Sabha in a written reply. Crypto assets are by definition borderless and require international collaboration ...
Engaging with G20 to build global policy approach on crypto assets: Government
Engaging with G20 to build global policy approach on crypto assets: Government
Source: IANS
14/03/2023 8:55:35 AM
Government seeks Parliament's approval for spending Rs 1,48,133 crore for remaining period of 2022-23 The Centre on Monday sought Parliament's approval for an additional expenditure of Rs 1,48,133 crore for the remaining period of 2022-23, under the second batch of supplementary demands for grants for the current fiscal. A statement showing the supplementary demands for grants (second batch) for 2022-23, was laid in Lok Sabha on Monday. Out of this amount, government intends to spend a major chunk of funds towards defence pensions, GST compensation to states, fertiliser and urea sub...
Government seeks Parliament's approval for spending Rs 1,48,133 crore for remaining period of 2022-23
Government seeks Parliament's approval for spending Rs 1,48,133 crore for remaining period of 2022-23
Source: IANS
13/03/2023 4:10:22 PM
Budget session to resume on Monday The Budget session of Parliament will resume from Monday and the opposition is preparing to corner the central government on various issues, including Hindenburg report on Adani, inflation and hike in petroleum product prices and growing unemployment. According to reports, 35 bills are pending in both the Houses. The issue of Rahul Gandhi's statement in the UK will also be a point of clash between the opposition and Centre. The Chairman of the Rajya Sabha has already hit out on the ...
Budget session to resume on Monday
Budget session to resume on Monday
Source: IANS
12/03/2023 9:44:49 AM
Trinamool to raise LIC, SBI and cooking gas price hike issues in Parliament Trinamool Congress is all set to corner the Centre in the upcoming Parliament session on several issues, including investments by SBI and LIC in private entities besides the recent hike in the cooking gas price. According to sources, the decision was taken at a closed-door meeting here on Wednesday evening. Chaired by West Bengal Chief Minister Mamata Banerjee, the meeting saw participation of party's national general secretary, Abhishek Banerjee and the party leaders in the Lok Sabha ...
Trinamool to raise LIC, SBI and cooking gas price hike issues in Parliament
Trinamool to raise LIC, SBI and cooking gas price hike issues in Parliament
Source: IANS
9/03/2023 10:49:12 AM
Prime Minister Narendra Modi terms Yediyurappa's farewell speech 'inspirational' Prime Minister Narendra Modi on Friday hailed the spirit and farewell speech of former chief minister and BJP Central Parliamentary Committee Member B.S Yediyurappa in the Karnataka Assembly. "Being a karyakarta (active member) of BJP, I felt that this speech (by Yediyurappa) is inspirational. The speech imbibes the ethics of the party. This will definitely give inspiration to other party workers," Narendra Modi stated in his social media handle. He also shared the post by BJP...
Prime Minister Narendra Modi terms Yediyurappa's farewell speech 'inspirational'
Prime Minister Narendra Modi terms Yediyurappa's farewell speech 'inspirational'
Source: IANS
24/02/2023 2:18:39 PM
Information technology should be used to improve efficiency in governance: Om Birla Lok Sabha Speaker Om Birla said on Thursday that the information technology should be used to improve efficiency in governance and for improving lives of people. Birla made remarks after inaugurating the two-day 19th annual conference of Commonwealth Parliamentary Association (CPA) India region zone-III at Sikkim Legislative Assembly in Gangtok. Rajya Sabha Deputy Chairman Harivansh Narayan Singh, Speakers, legislators and officials from various State Legislative Assemblies are attendin...
Information technology should be used to improve efficiency in governance: Om Birla
Information technology should be used to improve efficiency in governance: Om Birla
Source: IANS
24/02/2023 1:05:06 PM
Differing convictions in monetary policies Minutes from the Feb RBI monetary policy committee (MPC) review reflected concern over inflation, owing to uncertain geopolitics, volatile crude prices, and weather-related events. Outside of food, inflation was seen at the risk of hardening further, requiring policymakers to take calibrated action. The two dissenting members see the need to pause and allow the lagged impact of policy actions to play out, citing emerging growth risks. A majority of the MPC is likely to vote for a 25bp hike in...
Differing convictions in monetary policies
Differing convictions in monetary policies
Source: IANS
24/02/2023 10:11:53 AM
FM Nirmala Sitharaman asks states to expedite formalities to seek GST compensation Finance Minister Nirmala Sitharaman on Monday came down heavily in Parliament on states complaining about delay in getting GST compensation, saying that rather than blaming the Centre for delay in facilitating the payment, they should ensure that the accountant general's (AG) statements, which is the prerequisite for seeking the amount, are sent on time. Replying to a series of questions on GST compensation raised by DMK's A Raja and RSP's N.K. Premachandran in Lok Sabha during...
FM Nirmala Sitharaman asks states to expedite formalities to seek GST compensation
FM Nirmala Sitharaman asks states to expedite formalities to seek GST compensation
Source: IANS
14/02/2023 11:18:04 AM
BJP top brass confident that Budget sends out right signals for 2024  In the annual Union budget, most look out for any change in the tax slab. On Wednesday, Finance Minister Nirmala Sitharaman presented the budget in the Parliament and spoke about the change in the tax slabs along with the electoral equations of this budget. This budget has prepared a complete road map for the polls in the near future. Explaining the political aspect of this budget, analysts say that there is no doubt that this budget will help in assembly elections of nine states to ...
BJP top brass confident that Budget sends out right signals for 2024
BJP top brass confident that Budget sends out right signals for 2024
Source: IANS
5/02/2023 1:45:56 PM
Finance Minister Nirmala Sitharaman did well to steer clear of poll-bound populism The Union Budget 2023-24 was presented on February 1 in the Parliament under very tough times, not only for India, but the entire world. Inflation, rising interest rates and cost hikes across the board have hit almost all economies in some form or the other. It may be said that India and its economy have been able to pull it off in a better manner than many other global economies and is one of the fastest growing economies. This Budget being the last full Budget before next year's gene...
Finance Minister Nirmala Sitharaman did well to steer clear of poll-bound populism
Finance Minister Nirmala Sitharaman did well to steer clear of poll-bound populism
Source: IANS
5/02/2023 10:36:26 AM
Govertmet to launch Atmanirbhar Clean Plant Programme with outlay of Rs 2,200 cr Union Finance Minister Nirmala Sitharaman on Wednesday announced to launch Atmanirbhar Clean Plant Programme with an outlay of Rs 2,200 crore to boost availability of disease-free and quality planting material for high value horticultural crops. While presenting the Union Budget in Parliament, Sitharaman said that an Agriculture Accelerator Fund will be set-up to encourage agri-startups by young entrepreneurs in rural areas. "The fund will aim at bringing innovative and affordable ...
Govertmet to launch Atmanirbhar Clean Plant Programme with outlay of Rs 2,200 cr
Govertmet to launch Atmanirbhar Clean Plant Programme with outlay of Rs 2,200 cr
Source: IANS
1/02/2023 3:59:04 PM
EVs to get cheaper, Centre proposes customs duty exemption on batteries  The Central government on Wednesday said that to further provide impetus to green mobility, customs duty exemption is being extended to the import of capital goods and machinery required for manufacture of lithium-ion cells for batteries used in electric vehicles -- a move hailed by the EV industry players. Finance Minister Nirmala Sitharaman in her Union Budget 2023-24 speech said that the subsidies on EV batteries will be extended for one more year, hence making EVs cheaper in the ...
EVs to get cheaper, Centre proposes customs duty exemption on batteries
EVs to get cheaper, Centre proposes customs duty exemption on batteries
Source: IANS
1/02/2023 3:18:33 PM
Budget for stipend to 47 lakh youth under apprenticeship scheme To give impetus to the youth and help the 'Amrit Peedhi' realise their dreams, Finance Minister Nirmala Sitharaman on Wednesday said that the government has formulated the National Education Policy, focused on skilling, adopted economic policies that facilitate job creation at scale and to support business opportunities. In her Budget 2023-24 speech in Parliament, the Minister also announced the roll-out direct benefit transfer under a pan-India National Apprenticeship Promotion Sc...
Budget for stipend to 47 lakh youth under apprenticeship scheme
Budget for stipend to 47 lakh youth under apprenticeship scheme
Source: IANS
1/02/2023 3:11:11 PM
Finance Minister Nirmala Sitharaman initiative to boost lab-grown diamond sector brings cheer to Surat industry Finance Minister Nirmala Sitharaman's announcement of cutting import duty on raw material for lab-grown diamond seeds has boosted the morale of the industry. "This will not only grow the sector parallel to the real diamond sector, but will provide huge domestic employment," said Vijay Mangukiya, Regional Chairman of the Gems and Jewellery Promotion Council (GPEC) Mangukiya told IANS, "At present the lab grown diamond sectors' share is just 1 to 2 per cent of the o...
Finance Minister Nirmala Sitharaman initiative to boost lab-grown diamond sector brings cheer to Surat industry
Finance Minister Nirmala Sitharaman initiative to boost lab-grown diamond sector brings cheer to Surat industry
Source: IANS
1/02/2023 3:04:09 PM
Government, announces Customs duty cuts on goods other than textiles, agriculture  Union Finance Minister Nirmala Sitharaman during her Budget speech on Wednesday proposed to reduce the number of Basic Customs Duty (BCD) rates on goods other than textiles and agriculture from 21 per cent to 13 per cent. This has necessitated minor changes in the basic Customs duties, cesses and surcharges on some items, including toys, bicycles, automobiles and naphtha. While presenting the Union Budget 2023-24 in the Parliament on Wednesday, the Finance Minister also emphasised...
Government, announces Customs duty cuts on goods other than textiles, agriculture
Government, announces Customs duty cuts on goods other than textiles, agriculture
Source: IANS
1/02/2023 2:37:46 PM
UIDF to be established, cities to get incentives to improve creditworthiness Moving forward on the urban transformation, the Union Budget 2023-24 is set to encourage states to undertake urban planning reforms and actions to transform cities into 'sustainable cities of tomorrow', and Urban Infrastructure Development Fund (UIDF) will be set up. This means efficient use of land resources, adequate resources for urban infrastructure, transit-oriented development, enhanced availability and affordability of urban land, and opportunities for all. This was said by ...
UIDF to be established, cities to get incentives to improve creditworthiness
UIDF to be established, cities to get incentives to improve creditworthiness
Source: IANS
1/02/2023 2:19:09 PM
Budget 23-24: Railways gets Rs 2.40L cr capital outlay, the highest ever  Indian Railways received a major boost from the Union Budget 2023-24 being presented by Union Finance Minister Nirmala Sitharaman in the Parliament on Wednesday. The Finance Minister in her Budget speech announced that Indian Railways will get a capital outlay of Rs 2.40 lakh crore, the highest ever till date, which will help roll out major projects, including new Vande Bharat trains, electrification of railway lines and others. The Railways is likely to roll out 75 Vende Bharat t...
Budget 23-24: Railways gets Rs 2.40L cr capital outlay, the highest ever
Budget 23-24: Railways gets Rs 2.40L cr capital outlay, the highest ever
Source: IANS
1/02/2023 12:14:34 PM
Three centres of excellences on AI soon at top educational institutions: FM In the ChatGPT era, Finance Minister Nirmala Sitharaman on Wednesday announced the government will open three centres of excellence for artificial intelligence (AI) at top educational institutions. Presenting the Union Budget for FY24, the minister said that the aim is to fully realise the mission of 'Make AI in India'. "For realising the vision of 'Make AI in India' and 'Make AI Work for India', three Centres of Excellence for Artificial Intelligence will b...
Three centres of excellences on AI soon at top educational institutions: FM
Three centres of excellences on AI soon at top educational institutions: FM
Source: IANS
1/02/2023 12:13:26 PM
Budget`s focus on inclusive growth, says Finance minister Nirmala Sitharaman  Finance minister Nirmala Sitharaman has said that the economic agenda for the government's vision focuses on facilitating opportunities for citizens, providing strong impetus to growth and job creation as well as strengthening macroeconomic stability In her speech while presenting the Union Budget for 2023-24 on Wednesday, Sitharaman said, "Seven priority areas of the Budget are inclusive development, reaching the last mile, infrastructure and investment, unleashing the pot...
Budget`s focus on inclusive growth, says Finance minister Nirmala Sitharaman
Budget`s focus on inclusive growth, says Finance minister Nirmala Sitharaman
Source: IANS
1/02/2023 11:44:31 AM
G20 to strengthen India's role in world economic order: Finance Minister Nirmala Sitharaman Union Finance Minister Nirmala Sitharaman said that the G20 Presidency has given a unique opportunity to strengthen India's role in the world economic order. "We are steering an ambitious people-centric agenda to address global challenges and facilitate sustainable economic development," she said while presenting the Union Budget in Parliament on Wednesday. "The Indian economy has increased in size from being tenth to 5th largest in the world in the last nine years. W...
G20 to strengthen India's role in world economic order: Finance Minister Nirmala Sitharaman
G20 to strengthen India's role in world economic order: Finance Minister Nirmala Sitharaman
Source: IANS
1/02/2023 11:29:01 AM
India unveils 2023/24 budget to support growth amid fiscal constraints NEW DELHI- The Indian government on Wednesday unveiled the Union budget for fiscal 2023/24 that aims to boost growth amid concerns about the impact of the global slowdown on the Indian economy. The government has lowered its growth estimates for the current fiscal year to 7% from earlier estimates of 8-8.5%. The estimates for the next fiscal year is 6-6.8%, according to the annual economic survey report tabled in parliament on Tuesday. Here are the highlights of the budget: * Finance...
India unveils 2023/24 budget to support growth amid fiscal constraints
India unveils 2023/24 budget to support growth amid fiscal constraints
Source: Reuters
1/02/2023 11:25:13 AM
India`s economy on right track, focus on reforms: Finance Minister Nirmala Sitharaman  While presenting the Union Budget 2023-24 at the Lok Sabha, Union Finance Minister Nirmala Sitharaman on Wednesday said the Indian economy is on a "right track and heading towards a bright future" and the current focus is on reforms as sound policies resulting in public participation have helped in increasing the country's global profile. "Our focus on reforms and sound policies resulting in Jan Bhagidari helped us in trying times, our rising global profile is due ...
India`s economy on right track, focus on reforms: Finance Minister Nirmala Sitharaman
India`s economy on right track, focus on reforms: Finance Minister Nirmala Sitharaman
Source: IANS
1/02/2023 11:24:12 AM
FM Nirmala Sitharaman Says Economy has become a lot more formalised as reflected by doubling of EPFO membership   FM Nirmala Sitharaman Says Economy has become a lot more formalised as reflected by doubling of EPFO membership
FM Nirmala Sitharaman Says Economy has become a lot more formalised as reflected by doubling of EPFO membership
FM Nirmala Sitharaman Says Economy has become a lot more formalised as reflected by doubling of EPFO membership
Source: investmentguruindia.com
1/02/2023 11:21:40 AM
Budget 2023 : Finance Minister Nirmala Sitharaman Says We are taking on a people-centric agenda to take on global challenges Budget 2023 : Finance Minister Nirmala Sitharaman Says We are taking on a people-centric agenda to take on global challenges
Budget 2023 : Finance Minister Nirmala Sitharaman Says We are taking on a people-centric agenda to take on global challenges
Budget 2023 : Finance Minister Nirmala Sitharaman Says We are taking on a people-centric agenda to take on global challenges
Source: investmentguruindia.com
1/02/2023 11:12:32 AM
Union Cabinet approves Budget 2023-24 The Union Cabinet meeting chaired by Prime Minister Narendra Modi on Wednesday approved the Budget 2023-24 ahead of it being tabled by Finance Minister Nirmala Sitharaman in Parliament. Before the cabinet meeting, Sitharaman along with Minister of States Pankaj Chaudhary and Bhagwat Karad met President Droupadi Murmu. "Union Minister of Finance and Corporate Affairs Smt Nirmala Sitharaman, MoS Dr Bhagwat Kishanrao Karad, MoS Shri Pankaj Chaudhary and senior officials of the Ministr...
Union Cabinet approves Budget 2023-24
Union Cabinet approves Budget 2023-24
Source: IANS
1/02/2023 10:46:40 AM