Tag: Union Budget

In the capital city Bhubaneswar, the price of 24-carat gold per 10-gram is Rs 60,700 as compared to Rs 58,900 on Tuesday. Similarly, the price of 22-carat gold has increased to Rs 54,200 from Rs 51,600. 

The Rs 3,397.32 crore is the highest sports budget allocation ever in the country. Last year, the sports sector received a budget of Rs 3062.60 crore.

While listing out seven priorities, Sitharaman said that priorities complement each other and act as the 'saptarishi'.

Sitharaman outlined seven priorities of this year's Union Budget. These priorities complement each other and act as the 'saptarishi'.

According to Sitharaman, India is moving forward firmly for the ‘panchamrit’ and net-zero carbon emission by 2070 to usher in green industrial and economic transition.

During her Union Budget 2023 address, Sitharaman informed that the Budget adopts 7 priorities that will guide everybody to the ‘Amrit Kaal.’

“The Budget takes the lead once again to ramp up the virtuous cycle of investment and job creation,” said Sitharaman.

Finance Minister Nirmala Sitharaman in her Union Budget 2023-24 speech said that the subsidies on EV batteries will be extended for one more year, hence making EVs cheaper in the country.

To provide a sharper focus to the objective of ‘reaching the last mile’, the Union government has formed the ministries of AYUSH, Fisheries, Animal Husbandry and Dairying, Skill Development, Jal Shakti and Cooperation.

To settle contractual disputes of government and government undertakings, wherein an arbitral award is under challenge in a court, a voluntary settlement scheme with standardised terms will be introduced.

The tax holiday scheme was earlier available for startups incorporated till March 31, 2023.

On the growth outlook, it noted that growth in 2023-24 will be supported by solid domestic demand and a pickup in capital investment.

In addition, the KYC process will be simplified by adopting a 'risk-based' instead of 'one size fits all' approach.

Presenting the Union Budget for 2023-24, she also said the government will facilitate 1 crore farmers to adopt natural farming.

Finance Minister Nirmala Sitharaman said teachers’ training will be re-envisioned through innovative pedagogy, curriculum transaction, continuous professional development, dipstick surveys, and ICT implementation.