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This was stated by Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman, while presenting the Union Budget 2023-24 in Parliament today. She emphasized that Indian economy is on the right track, and despite a time of challenges, heading towards a bright future.
- HIGHLIGHTS OF THE UNION BUDGET 2023-24
The Union Minister of Finance and Corporate Affairs Smt....
- HIGHLIGHTS OF THE UNION BUDGET 2023-24
• Budget 2023-24 adopts seven priorities which complement each other and act as the 'Saptarishi' guiding us through the Amrit Kaal. • The agriculture credit target will be increased to Rs. 20 lakh crore with focus on animal husbandry, dairy and fisheries.
Feb 1, 2023 · The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament today. The highlights of the Budget are as follows: PART A. Per capita income has more than doubled to ₹1.97 lakh in around nine years.
Feb 3, 2023 · This analysis exhibits BCG India's unparalleled expertise in the Union Budget, offering a comprehensive and sector-specific analysis that encompasses the Financial Services sector, Agriculture sector, Social Impact sector, Healthcare and Public Health sector, Infrastructure sector, Metals and Mining sector, Energy, Power, and Renewables sector ...
- Tax rates rationalisation. A reduced rate of 15% may also be made applicable to existing companies engaged in focus sectors for which Production Linked Incentives (PLI) Scheme have been announced.
- Providing tax certainty. The government may provide guidance around the methodology to be followed for computation of profit attributable to non-residents those of who constitute significant economic presence in India.
- Spurring investment and demand. Concessional tax rate or tax holiday for electric vehicles, green technology or clean energy, and semi-conductors can be introduced.
- Ease of doing business. To boost exports from India and support working capital requirements, exports may be removed from the purview of section 194-O of the Act.
Key amendments proposed in Finance Bill 2023 in respect of banking and financial services sector. On Wednesday, 1 February 2023, the Hon'ble Finance Minister, Nirmala Sitharaman, presented Union Budget 2023 in the Lok Sabha. We bring you a detailed analysis on tax and regulatory amendments announced by the Hon'ble Finance Minister at her budget ...
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Deficits: Revenue deficit in 2023-24 is targeted at 2.9% of GDP, which is lower than the revised estimate of 4.1% in 2022-23. Fiscal deficit in 2023-24 is targeted at 5.9% of GDP, lower than the revised estimate of 6.4% of GDP in 2022-23.