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Monday, November 25, 2024
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Pragati Singh

Pragati Singh

Pragati Singh

Senior Sub-Editor

FM revamps credit guarantee scheme for MSMEs via Rs 9,000-crore infusion

FM revamps credit guarantee scheme for MSMEs via Rs 9,000-crore infusion

February 1, 2023

Union Finance Minister Nirmala Sitharaman stated on Wednesday that the loan guarantee plan for MSMEs would be revamped with an infusion of Rs 9,000 crore into the fund. The new programme will go into effect on April 1, 2023. During her statement in the Lok Sabha, the Finance Minister stated...

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Budget 2023: Subsidies on fertiliser reduced by 22 pc, food 31 pc

Budget 2023: Subsidies on fertiliser reduced by 22 pc, food 31 pc

February 1, 2023

Subsidies for fertiliser and food have been lowered by 22% and 31%, respectively, in comparison to the revised budget forecasts for the current fiscal year ending March 2023. As a result, fertiliser subsidies have been reduced from Rs 225,220 crore to Rs 175,100 crore in 2023-24. In 2023-24, it has...

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Union Budget 2023: New vs Old Tax Regime, What Changed?

Union Budget 2023: New vs Old Tax Regime, What Changed?

February 1, 2023

Individual taxpayers' rebate ceiling has been raised from 5 lakh to 7 lakh per year by Finance Minister Nirmala Sitharaman. "..Currently, persons earning up to 5 lakh rupees do not have to pay any income tax under either the old or new tax regimes. In the new tax regime, I...

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Budget 2023: Deposit limit for Senior Citizen Savings Scheme doubled

Budget 2023: Deposit limit for Senior Citizen Savings Scheme doubled

February 1, 2023

Union Finance Minister Nirmala Sitharaman said in her Budget speech that the government has increased the maximum deposit limit for the Senior Citizen Savings Scheme from Rs 15 lakh to Rs 30 lakh. In addition, the maximum deposit limit for the Monthly Income Account Scheme would be increased from Rs...

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Budget 2023: New one-time saving scheme for women announced by Nirmala Sitharaman

Budget 2023: New one-time saving scheme for women announced by Nirmala Sitharaman

February 1, 2023

The Union Budget is "inclusive" a reflection of Nari Shakti, and will propel India into the top three economies, according to numerous prominent Bharatiya Janata Party (BJP) leaders. On Wednesday, Union Finance Minister Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament. Smriti Irani, Union Minister for Women and Child...

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Budget: Capital outlay for railways pegged at Rs 2.40 lakh cr, highest ever

Budget: Capital outlay for railways pegged at Rs 2.40 lakh cr, highest ever

February 1, 2023

The government recommended a capital spend of almost Rs 2.40 lakh crore for railroads, according to Union Finance Minister Nirmala Sitharaman, who presented the Union Budget 2023-24 in Lok Sabha on Monday. This budgeted spending for railways, according to Sitharaman, is the greatest ever and nine times that of 2013....

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Sitharaman’s big announcement; Allocation for PM Awas Yojana raised by 66 percent

Sitharaman’s big announcement; Allocation for PM Awas Yojana raised by 66 percent

February 1, 2023

The budget for the Prime Minister Awas Yojana (PMAY) has been increased by 66% to over Rs 79,000 crores, stated Finance Minister Nirmala Sitharaman on Wednesday while presenting the Union Budget 2023-24 in Parliament. This is a huge increase, given that Sitharaman recommended an allocation of Rs 48,000 crore for...

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“BJP has gone mad…” Harish Rawat slams Ganesh Joshi

“BJP has gone mad…” Harish Rawat slams Ganesh Joshi

February 1, 2023

Former Uttarakhand Chief Minister and Congress politician Harish Rawat criticised Bharatiya Janata Party minister Ganesh Joshi on Wednesday for his statements on the deaths of former Prime Ministers Indira Gandhi and Rajiv Gandhi, demanding an apology from the latter. "BJP has gone mad, as no one has the right to...

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“Will create more jobs…” CII president Sanjiv Bajaj welcomes Union Budget 2023-24

“Will create more jobs…” CII president Sanjiv Bajaj welcomes Union Budget 2023-24

February 1, 2023

Sanjiv Bajaj, president of the Confederation of Indian Industry (CII), hailed the Union Budget for the fiscal year 2023-24 on Wednesday, saying it will have a multiplier effect on the economy. "The government managed a tough balancing act of meeting the priorities of growth through capital spending while keeping a...

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Centre has only “fooled” Bihar over special package: Deputy CM Tejashwi Yadav

Centre has only “fooled” Bihar over special package: Deputy CM Tejashwi Yadav

February 1, 2023

Deputy Chief Minister Tejashwi Yadav claimed on Wednesday that the central government had simply "fooled" Bihar by promising an unique package and status. He said this while talking to reporters before the tabling of the Union Budget. "Bihar is a backward state. The PM and the centre had made commitments...

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