New Delhi: Union Finance Minister Nirmala Sitharaman today presented the last full-fledged Union Budget of the Modi Government before nine Assembly elections including Karnataka this year and the 2024 Lok Sabha elections. The main highlight of the Budget is a new tax regime where the Income Tax rebate limit has been increased to Rs. 7…
Nirmala Sitharaman, sixth FM to present Budget five times in a row
February 1, 2023New Delhi: Finance Minister Nirmala Sitharaman is the sixth Finance Minister in independent India to present five consecutive Budgets, joining a select league of legends. Sitharaman’s Budget for the fiscal year starting April 2023 is her fifth straight since 2019. Other Ministers who have presented five straight annual financial statements include Arun Jaitley, P. Chidambaram,…
Budget aimed at realising visions of centenary year of Indian Independence: MP
February 13, 2022Mysore/Mysuru: Maintaining that the Centre’s budget announced on Feb.1, 2022 is aimed at realising the visions that Prime Minister Narendra Modi has for the country in 2047, when the country celebrates the centenary of Indian Independence, Mysuru-Kodagu MP Pratap Simha said that the Centre’s budget is a move in the right direction and the Opposition…
It’s ‘Sab ka vinash’ budget, says former CM Siddharamaiah
February 2, 2022H.D. Kote: Former Chief Minister Siddharamaiah yesterday criticised the Union Budget presented by Finance Minister Nirmala Sitharaman as ‘Sab ka vinash’ budget for its poor allocation to various sectors such as health, agriculture, education food security and employment generation among others. The former CM also expressed his concern over mounting debts of the country. Addressing…
Union Budget: No change in Income Tax slabs
February 1, 2022Digital rupee with blockchain from RBI coming up Taxpayers can file updated returns within 2 years in one-time window 30% tax for digital assets, highest tax band Rs. 2 per litre will be imposed on unblended fuel from Oct. 1, 2022 All 1.5 lakh post offices to be connected to core banking system PM Gati…
From Budget Briefcase to ‘Bahi Khata’ to Tablet
February 1, 2022New Delhi: When Finance Minister Nirmala Sitharaman presented her first Union Budget in 2019, she drew the nation’s attention by replacing the budget briefcase with the “bahi khata.” The decision to opt for the bahi khata appeared to be a move to dump the colonial practice of carrying a briefcase. The “budget briefcase” was a…
Nirmala’s shortest Budget speech
February 1, 2022New Delhi: This year, Finance Minister Nirmala Sitharaman wrapped up her Budget speech this time in about 92 minutes — her shortest one so far. Last year she had spoken for an hour and 50 minutes. Her speech in 2020 had made headlines for being the longest one in India’s history at about 2 hours…
No halwa ceremony this year; break from tradition
February 1, 2022New Delhi: The traditional ‘halwa ceremony’ ahead of the Union Budget 2022-2023 was not observed this year. The custom that marks the final leg of the budget preparation exercise was replaced by distribution of sweets to the core staff. In 2021, the ceremony took place nine days ahead of the budget presentation. The decision to…
Lord Ganesha on Budget Day: The untold, unwritten custom of Finance Ministry
February 1, 2022New Delhi: The Budget Day is the most important day for any Finance Minister as it evaluates his/her performance, in Parliament by the Opposition and by the public at large. Every Finance Minister starts his/her Budget day with Ganesh puja at the corridors of the Finance Ministry of the North Block, offering flowers to the…
FM to present Union Budget in Lok Sabha tomorrow at 11 am
January 31, 2022President Kovind lauds Centre’s welfare schemes, says India running world’s largest food distribution drive New Delhi: The Union Budget session this year is a 79-hour window for the government to conduct legislative business and both houses will sit one hour less per session of the total 27 sessions due to staggered sittings amid the COVID-19…
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