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…
New 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,…
Mysore/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…
H.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…
Digital 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…
New 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…
New 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…
New 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…
New 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…
President 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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