India budget live updates 2023-2024 by sitharaman finance minister .
india budget live updates 2023-2024 by pass at 11 am by the hand of a finance minister at 11 Am
Finance Minister Nirmala Sitharaman is expected to continue with her focus on aiding economic growth with the help of public sector capital expenditure. The public capex push also becomes important since the private sector investment revival is still tentative. But, Sitharaman also has the crucial task of not just maintaining the fiscal deficit target of 6.4%, but also providing a credible road map to bring it down further in the coming years, closer to the FRBM target.
- Looking to reduce its own dependence on China and also position India as a lucrative manufacturing hub, the Production Linked Incentive (PLI) scheme was launched. At present the PLI scheme is available for 14 major sectors including renewable energy, auto, telecom, mobile phones etc.
- FM Nirmala Sitharaman is expected to announce the PLI scheme for more sectors and also additional incentives for the sectors already covered under the PLI scheme.
india Budget 2023 live updates: No dough for PSBs?
The government is unlikely to announce capital infusion for public sector banks (PSBs) in the upcoming Budget as their financial health has improved significantly and they are on track to earn a combined profit of Rs 1 lakh crore, sources said. Their capital adequacy ratio is much above the regulatory requirement and varies between 14-20%.
india Budget 2023 live updates: Short and sweet? Not if you go by her past
Let’s hope the Finance Minister doesn’t decide to break her own record for the longest speech this time again.
On February 1, 2020, she spoke for two hours and 42 minutes while presenting the 2020-21 Budget. With two pages still remaining, she had to cut her speech short.
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New Delhi:
With only hours left before Union Finance Minister Nirmala Sitharaman tables the Union Budget for the financial year 2023-24, Minister of State for Finance Pankaj Chaudhary on Wednesday said that this budget would match the expectations of the general public and that India’s economy is on track.
In an exclusive interview with ANI, MoS Finance Pankaj Chaudhary said, “Ever since the Modi government has been formed, it brings the budget keeping in mind all the sections of the society.”
Union Finance Minister Nirmala Sitharaman will table the Budget 2023 in Lok Sabha today at 11 am
Minister of State for Finance Pankaj Chaudhary said that the budget will meet everyone’s expectations.
New Delhi:
With only hours left before Union Finance Minister Nirmala Sitharaman tables the Union Budget for the financial year 2023-24, Minister of State for Finance Pankaj Chaudhary on Wednesday said that this budget would match the expectations of the general public and that India’s economy is on track.
In an exclusive interview with ANI, MoS Finance Pankaj Chaudhary said, “Ever since the Modi government has been formed, it brings the budget keeping in mind all the sections of the society.”
Union Finance Minister Nirmala Sitharaman will table the Budget 2023 in Lok Sabha today at 11 am.
To a question on tax slab or relief for people belonging to the middle class this time, Chaudhary said, “it is just a matter of few hours, definitely this budget will live up to everyone’s expectations.”
Citing Economic Survey 2022-23, tabled in the Parliament on the inaugural day of the Budget Session, Mr Chaudhary said that India’s economy is on track.
Earlier, in an interview given to ANI, Pankaj Chowdhary had replied to questions about whether the budget will be presented keeping in view the 2024 Lok Sabha election and the upcoming assembly elections.
Ahead of the Budget session, Union minister of state for finance Pankaj Chaudhary on Tuesday told ANI that “elections keep coming,” the Union Budget for 2023-24 will focus on improving the economic conditions of the people.
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