Budget Live Updates



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2023-02-01T12:29 (IST)
New tax regime is now the default tax regime
2023-02-01T12:28 (IST)
Nirmala Sitharaman proposes to reduce highest surcharge rate from 37 percent to 25 percent.
2023-02-01T12:28 (IST)
Salaried and pension - standard deduction in a new regime with over Rs.15.5 lakhs is Rs.52,500
2023-02-01T12:28 (IST)
Senior Citizen Savings Scheme: Maximum investment limit increased from Rs 15 lakh to Rs 30 lakh, announces FM
2023-02-01T12:27 (IST)
ITR processing period reduced The income tax returns processing period has been reduced by 16 days, says finance minister
2023-02-01T12:26 (IST)
Higher surcharge rate reduce to 25% from 37% under new tax regime
2023-02-01T12:25 (IST)
ITR processing period reduced The income tax returns processing period has been reduced by 16 days, says finance minister
2023-02-01T12:25 (IST)
Green hydrogen, clean energy storage and transmission are the key drivers of the government’s “Green Growth” priority sector.
2023-02-01T12:25 (IST)
Nirmal Sitharaman elaborates on I-T benefits for startup
2023-02-01T12:24 (IST)
New tax regime tax slabs revised
2023-02-01T12:24 (IST)
Rebate limit increased to Rs. 7 lakh under 87A
2023-02-01T12:23 (IST)
New I-T return form are being introduced for easier filing of returns: FM
2023-02-01T12:23 (IST)
Relief in custom duty on import of certain parts of mobile phones like camera lens and batteries by another year.
2023-02-01T12:23 (IST)
To provide support to 47 lakh youths in 3 years, a Direct Benefit Transfer under a pan India national apprenticeship scheme will be rolled out, announces FM Sitharaman
2023-02-01T12:22 (IST)
To provide support to 47 lakh youths in 3 years, a Direct Benefit Transfer under a pan India national apprenticeship scheme will be rolled out, announces FM Sitharaman
2023-02-01T12:22 (IST)
FM mentions that digital payments are up 76% in transactions and 96% up in value!
2023-02-01T12:21 (IST)
Tax concession granted- From Capital Gains On investment in Residential House - Sections 54 and 54F to Rs.10 Crores.
2023-02-01T12:21 (IST)
FM: Carry forward of loss benefit from 7 years to 10 years allowed for startups!
2023-02-01T12:21 (IST)
100 JT commissioners for small tax disputes will be deployed
2023-02-01T12:21 (IST)
Cigarettes to get more expensive
2023-02-01T12:20 (IST)
Finance Minister announces 100 labs for developing apps using 5G services
2023-02-01T12:20 (IST)
Income tax benefits has been extended by a year till 2024 for startups.
2023-02-01T12:20 (IST)
Rs.3 crore limit fixed for TDS compliance by rural co-op banks on cash withdrawal
2023-02-01T12:19 (IST)
Co-operation Sectors - Tax to Manufacturing Segment is now fixed at 15% Cash Deposits by Primary Agricultural Banks - Limit is Rs.2 lakh per member
2023-02-01T12:19 (IST)
Finance Minister Nirmala Sitharaman says Govt to set up single window system for registrations and approvals in IFSC Gift City
2023-02-01T12:19 (IST)
Integrated IT portal will be set up for reclaiming unclaimed shares and dividends," says Finance Minister Nirmala Sitharaman
2023-02-01T12:19 (IST)
Benefit of lower tax rate of 15% to new cooperative societies: FM
2023-02-01T12:19 (IST)
National Calamity Custom duty on specified cigrettes proposed to be revised up to 16 percent, says Sitharaman
2023-02-01T12:19 (IST)
On direct taxes Taxpayers' portal processing period reduced: FM
2023-02-01T12:18 (IST)
Enhanced limits for Presumptive taxation Sec 44AD - Rs.3 crore Sec 44ADA - Rs.75 lakhs
2023-02-01T12:17 (IST)
Common ITR form is to be rolled soon!
2023-02-01T12:17 (IST)
Budget 2023 Speech Live: "Integrated IT portal will be set up for reclaiming unclaimed shares and...
2023-02-01T12:17 (IST)
45% of the ITRs are processed within 24 hours!
2023-02-01T12:17 (IST)
Mentions that IT department received 72 Lakhs returns in a day as the highest number in 2022.
2023-02-01T12:16 (IST)
Enhanced limits of presumptive tax scheme
2023-02-01T12:16 (IST)
States to be allowed 3.5% of GDP as fiscal deficit, says FM
2023-02-01T12:15 (IST)
FM now comes to Key Income Tax Proposals #Budget2023
2023-02-01T12:15 (IST)
Duty increased on cigarettes
2023-02-01T12:15 (IST)
FM has proposed an increase of customs duty on articles of silver dore to match the duties levied on gold bars.
2023-02-01T12:15 (IST)
Customs duty increased on compounded rubber.
2023-02-01T12:15 (IST)
Gold, silver & diamond to get expensive
2023-02-01T12:15 (IST)
Customs duty on key inputs will be reduced to enhance the export of Marine products, such as shrimp feed.
2023-02-01T12:15 (IST)
Viability gap funding for battery storage, renewable energy evacuation, green credit policy and incentives for further growth are strong initiatives to support green growth and achieve net zero mission by 2070
2023-02-01T12:14 (IST)
Central Processing Centre to be set up for faster response to companies filing forms under Companies Act," says Finance Minister Nirmala Sitharaman
2023-02-01T12:14 (IST)
Finance Minister Nirmala Sitharaman says the revised fiscal deficit is at 6.4% of GDP
2023-02-01T12:14 (IST)
Total receipts or receipts other than borrowing is Rs 24.3 lakh crore of which net tax receipts are Rs 20.9 lakh crore. The revised estimate of the total expenditure is Rs 41.9 lakh crore, of which the capital expenditure is about Rs 7.3 lakh crore
2023-02-01T12:14 (IST)
Fiscal deficit pegged at 5.9% of GDP, total expenditure 41.9 lakh cr
2023-02-01T12:14 (IST)
Indirect taxes
Custom Duty on good to go down except Textile and Agri Reduce number of basic customs duty rates from 21% to 13% Tax exemption on capital goods and Lithium batteries
2023-02-01T12:14 (IST)
Customs duty on key inputs will be reduced to enhance the export of Marine products, such as shrimp feed.
2023-02-01T12:13 (IST)
Basic customs duty for import of TV panel cut to 2.5% whereas BCD on the electric chimney will be increased.
2023-02-01T12:12 (IST)
Budget's focus on green growth shows India’s commitment to reduce carbon emission
2023-02-01T12:12 (IST)
"Relief in customs duty on mobile phone parts extended for another year. Reduce customs duty on TV panel parts," said the Finance Minister.
2023-02-01T12:12 (IST)
Mobile Phone production in India has increased from 5.8 crore units to 31 crore units. Hence, relief is given on Custom Duty for Import of certain parts like Camera Lens and Lithium Ion cells for another year.
2023-02-01T12:11 (IST)
New tax regime is now the default tax regime
2023-02-01T12:11 (IST)
Nirmala Sitharaman proposes to increases tax exemption limit to Rs 3 lakh.
2023-02-01T12:11 (IST)
GST exemption on blended gas says FM
2023-02-01T12:11 (IST)
Fiscal deficit for 2023-24 fixed at 5.9%: Nirmala Sitharaman
2023-02-01T12:11 (IST)
Tax exemption on capital goods & lithium batteries
2023-02-01T12:10 (IST)
Revised estimate of fiscal deficit
Revised estimate for 2022-23 fiscal deficit at 5.9% of GDP, says FM
2023-02-01T12:10 (IST)
5% tax on the Income of 7 to 9Lakh
2023-02-01T12:10 (IST)
Income above 15 Lakh 30%
2023-02-01T12:10 (IST)
Tax on income of 12 to 15 lakh is 15%
2023-02-01T12:10 (IST)
Additional collateral free credit guarantee of Rs 2 lakh crore rupees, which will enable to lower cost of credit by 1 per cent. Good news for MSMEs that are still recovering from the impact of pandemic.
2023-02-01T12:09 (IST)
FM: Custom duty rates to be reduced from 21% to 13% on many items except textiles
2023-02-01T12:09 (IST)
Fiscal deficit expected to be 5.9% of GDP. We aim to Aim to reduce it to 4.5% by 2025-26, said Ms Sitharaman.
2023-02-01T12:09 (IST)
Govt to introduce 5% CBG mandate
2023-02-01T12:09 (IST)
Focus on simplified tax structure
2023-02-01T12:09 (IST)
Brealking - Tax rebate limit is increased 7 lakh
2023-02-01T12:09 (IST)
She add - no income tax till the 7 lakh
2023-02-01T12:09 (IST)
Now there is no tax up to the income of 7 lakh
2023-02-01T12:09 (IST)
Now there is no tax up to the income of 7 lakh
2023-02-01T12:09 (IST)
FM moves to Part B - Direct taxes
2023-02-01T12:08 (IST)
Govt to support setting up of battery energy storage of 4,000 MwH," says Finance Minister Nirmala Sitharaman
2023-02-01T12:08 (IST)
Fiscal deficiet revised to 6.4%
2023-02-01T12:08 (IST)
Net Tax receipt estimated at Rs.23.3 lakh crore
2023-02-01T12:07 (IST)
100 new labs to be setup: FM
100 labs for developing apps using 5G services will be set up in engineering institutions. To realise new range of opportunities, business models and employment potential, labs will cover among others, apps like Smart Classrooms, Precision Farming, Intelligent Transports Systems and Healthcare
2023-02-01T12:07 (IST)
One Time Small Investment Scheme - Mahila Samman Savings Certificate will be available for 2 years till March 2025 - Rs 2 lakh deposit at 7.5%
2023-02-01T12:07 (IST)
States shall spend 50-year interest-free loans on capex within 2023-24.
2023-02-01T12:07 (IST)
Deposit of senior citizens savings scheme enhanced from 15 to 30 lakhs scheme.
2023-02-01T12:06 (IST)
TDS reduced on EPF withdrawls
2023-02-01T12:06 (IST)
New IT form to make the filing process easier
2023-02-01T12:06 (IST)
Higher TDS limits for 3 crores for Cooperatives
2023-02-01T12:06 (IST)
Revamped credit guarantee scheme for MSMEs
2023-02-01T12:06 (IST)
Mahila Samman Savings certificate for a 2-year period. This will offer deposit facility of up to 2 lakh at 7.5 per cent interest.
2023-02-01T12:05 (IST)
Govt to launch Rs 2,200 crore Aatmanirbhar clean plant programme
2023-02-01T12:05 (IST)
Additional collateral free credit guarantee of Rs 2 lakh crore rupees, which will enable to lower cost of credit by 1 per cent. Good news for MSMEs that are still recovering from the impact of pandemic.
2023-02-01T12:05 (IST)
Agriculture Credit Target to be raised to Rs 20 lakh crore
2023-02-01T12:05 (IST)
FM mentions that digital payments are up 76% in transactions and 96% up in value!
2023-02-01T12:05 (IST)
A Central Processing Centre (CPC) will be set up for faster response to companies under the Companies Act.
2023-02-01T12:04 (IST)
50 tourist destinations will be selected through challenge mode to be developed as a whole package for domestic and international tourism
2023-02-01T12:04 (IST)
9.5% compressed bio gas mandate for marketers should drive faster adoption, but feedstock aggregation will be a challenge
2023-02-01T12:04 (IST)
The 64% increase in allocation for PM Awaas Yojana to Rs 79,000 crore will be a positive for commercial vehicles and tractors used for moving materials for construction.
2023-02-01T12:04 (IST)
She adds - The custom duty on the goods of gold and silver will be increased
2023-02-01T12:04 (IST)
The imported National Calamity Custom duty on specified cigarettes suggested to be increased up to 16 percent.
2023-02-01T12:04 (IST)
Revamped Credit guarantee scheme for MSMEs will take effect from 1 April 2023 with infusion of Rs 9000 crore into the corpus
2023-02-01T12:03 (IST)
Union Budget focusses on India's Green Growth, says FM
2023-02-01T12:03 (IST)
PM Vishwa Karma Kaushal Samman - package of assistance for traditional artisans and craftspeople has been conceptualized, will enable them to improve quality, scale and reach of their products, integrating with MSME value chain."
2023-02-01T12:03 (IST)
PM Pranam to be launched to incentivise states and UTs to use alternative fertilisers, says FM Sitharaman
2023-02-01T12:03 (IST)
FM added ahead - The Government Will provide relief on customs duty on imports of certain parts and inputs like mobile phones, lens, camera duty, for another year.
2023-02-01T12:02 (IST)
FM announces Rs 35 crore for energy transition and net-zero carbon emission target
2023-02-01T12:02 (IST)
A subsidiary EXIM bank entity to be set up for trade re-financing.
2023-02-01T12:02 (IST)
FM further says that public consultation is to be introduced for the betterment of the regulatory framework in financial sectors
2023-02-01T12:02 (IST)
Existing Regulations to be reviewed to ease compliance -
Single window for registration of SEZ, GSTN, IFSC
2023-02-01T12:02 (IST)
Reducing cost of MSMEs credit guarantee by 1%
2023-02-01T12:01 (IST)
30 Skill India International Centres to be set up across states
2023-02-01T12:01 (IST)
Imported rubber will also be more having high prices
2023-02-01T12:01 (IST)
Clothes will be more expensive
2023-02-01T12:01 (IST)
One-time new small savings scheme 'Mahila Samman Saving Certificate' to be made available for 2 years up to March 2025, with a deposit facility of up to Rs 2 lakh in name of women, with 7.5% fixed rate and partial withdrawal option.
2023-02-01T12:01 (IST)
She added - The mobile, cameras or lens will also be decreased in the price segment,
2023-02-01T12:00 (IST)
The government will launch Pradhan Mantri Kaushal Vikas Yojana 4.0, says FM Nirmala Sitharaman
2023-02-01T12:00 (IST)
Nifty Auto gains as FM announces Rs 19500 crore for green hydrogen mission
2023-02-01T12:00 (IST)
Leading industry players will partner in conducting inter-disciplinary research, develop cutting-edge applications & scalable problem solutions in the areas of agriculture, health and sustainable cities," says Finance Minister Nirmala Sitharaman
2023-02-01T12:00 (IST)
National Finance Information Registry will be set up, she said.
2023-02-01T12:00 (IST)
FM spells out steps to realise vision of Make AI in India and Make AI work for India
2023-02-01T12:00 (IST)
A one-stop solution for reconciliation & updating of identity and address of individuals maintained by various govt agencies, regulators and regulated entities will be established using DigiLocker service and Aadhaar as foundational identity
2023-02-01T12:00 (IST)
The cost of electric vehicles will be having lower rates
2023-02-01T12:00 (IST)
BIG Breaking - Sitharaman proposes to reduce the number of basic customs duty rates.
2023-02-01T12:00 (IST)
BIG Breaking - Sitharaman proposes to reduce the number of basic customs duty rates.
2023-02-01T11:59 (IST)
The automobiles, toys, and other basic things will be more cheaper than before
2023-02-01T02:35 (IST)
FM said that the maximum deposit for senior citizen saving scheme to be improved for Rs 15 lakh to Rs 30 lakh
2023-02-01T23:58 (IST)
Rs 9,000 crore will be infused under Credit Guarantee for MSME w.e.f 1st April 2023
2023-02-01T23:58 (IST)
Unity malls in states to promote touurism says FM
2023-02-01T23:58 (IST)
Budget focuses on connectivity across India
2023-02-01T23:58 (IST)
The 64 pecrcent increase in allocation for PM Awaas Yojana to Rs 79,000 crore will be a positive for commercial vehicles and tractors used for moving materials for construction.
2023-02-01T23:57 (IST)
This budget provides for Rs 35,000 crore capital investment towards energy transition and net zero objective and energy security by the Ministry of petroleum and natural gas,
2023-02-01T23:57 (IST)
Dekho Apna Desh scheme to promote tourism
2023-02-01T23:57 (IST)
She added - Tax exemption on capital goods and lithium batteries
2023-02-01T23:57 (IST)
PAN India Apprenticeship Scheme to provide stipends for 47,000 youth also to be rolled out.
2023-02-01T23:56 (IST)
50 destinations will be selected through challenge mode to enhance tourism.
2023-02-01T23:56 (IST)
New app to improve tourism says FM
2023-02-01T23:56 (IST)
"30 skill india international centres across different states will be set up," the Finance Minister said.
2023-02-01T23:56 (IST)
The government proposes to keep the focus on natural farming,
2023-02-01T23:56 (IST)
Govt to bring another dispute resolution scheme under Vivad Se Vishwas-2 to settle commercial disputes: Sitharaman
2023-02-01T23:56 (IST)
Support for farmers
Over the next 3 years, one crore farmers will get assistance to adopt natural farming. 10,000 bio input resource centres will be set up, says FM
2023-02-01T23:56 (IST)
IRCTC, Rail Vikas Nigam shares rise after FM says PPP will boost tourism
2023-02-01T23:55 (IST)
Phase-III of e-courts will be launched, says FM Sitharaman
2023-02-01T23:55 (IST)
Phase-III of e-courts will be launched, says FM Sitharaman
2023-02-01T23:55 (IST)
Pradhan Mantri Kousal Vikas Yojana 4.0 will be launched to support youth to get jobs.
2023-02-01T23:55 (IST)
Coastal shipping to be promoted as low-cost transport for both commercial and people transportation says FM.
2023-02-01T23:55 (IST)
She added - The focus is also on tourism development which may increase air travel. Theme-based tourist circuits and the facilitation of rural infrastructure also cheerful move.
2023-02-01T23:55 (IST)
The India has established a world record also in the digital transactions
2023-02-01T23:55 (IST)
The Digital payment has seen a growth of 70% in the recent years
2023-02-01T23:54 (IST)
FM said that the focus will be given to increase the digitization to enhance to IT services.
2023-02-01T23:54 (IST)
Finance Minister declared 35 crores for priority capital investment for the energy transition, net zero objectives, and energy security by the ministry of petroleum and natural gas.
2023-02-01T23:54 (IST)
Replacing old polluting vehicles will be a priority.
2023-02-01T23:54 (IST)
More funds for old vehichle scrapping
2023-02-01T23:53 (IST)
10,000 bio input research centers to be set up says FM
2023-02-01T23:53 (IST)
1 crore farmers will be driven towards natural farming in the next 3 years, says FM.
2023-02-01T23:52 (IST)
Eklavaya Model Residential Schools, the Centre will recruit 38,800 teachers and support staff for 740 schools serving 3.5 lakh tribal students
2023-02-01T23:52 (IST)
50 additional airports, helipads, water aero drones, advanced landing grounds will be revived to improve regional air connectivity
2023-02-01T23:52 (IST)
Focus on green growth Target to reach green hydrogen production of 5 MMT by 2030. Rs 35,000 crore allocated towards achieving net zero goal & energy transition: FM
2023-02-01T23:52 (IST)
the Vivad Se Vishwas scheme is back in version 2.0. The scheme will settle contractual disputes of government and government undertakings where an arbitral award is under challenge in a court.
2023-02-01T23:51 (IST)
The Green Credit Programme will be notified for responsive actions by individuals and companies to encourage environtment-friendly behaviour.
2023-02-01T23:50 (IST)
For enhancing ease of doing business, more than 39,000 compliances have been reduced, over 3,400 legal provisions decriminalised.
2023-02-01T23:50 (IST)
1 crore farmers will be driven towards natural farming in the next 3 years, says FM.
2023-02-01T23:50 (IST)
PM Pranam to be launched, to promote alternative fertilisers and balanced use for chemical fertilisers
2023-02-01T23:50 (IST)
Gobardhan scehme for 200 bio gas plants says FM
2023-02-01T23:49 (IST)
13 GW greeen energy from ladakh via investmnet of Rs. 20,700 crore
2023-02-01T23:48 (IST)
The 157 new nusring colleges will be opened to enhance the eduction sectors
2023-02-01T16:09 (IST)
Rs.20,700 Crores for inter-state transmission and gridding of renewable energy.
2023-02-01T23:49 (IST)
BSE is up by 500 points, bank Nifty is up 640 points
2023-02-01T23:48 (IST)
The Government will launch Pradhan Mantri Kaushal Vikas Yojana 4.0
2023-02-01T23:48 (IST)
The whole expenditure under PM Garib Kalyan Ann Yojana’ to be taken by center'
2023-02-01T23:48 (IST)
PAN to be used as common identifier for all digital platforms
2023-02-01T23:48 (IST)
Govt to launch a Rs 2,200 crore Aatmanirbhar clean plant programme, says Finance Minister Nirmala Sitharaman
2023-02-01T11:48 (IST)
FM says PMPBTG Development Mission to be launched
2023-02-01T11:48 (IST)
Govt to provide Rs 5,300 crore assistance to drought-prone central region of Karnataka, says Finance Minister Nirmala Sitharaman
2023-02-01T11:48 (IST)
existing old polluting vehicles are crucial to replaced in 'greening our economy', says Nirmala Sitharaman
2023-02-01T11:48 (IST)
100 critical transport infrastructure projects have been identified for implementation, says FM Sitharaman says that states and cities will also be encouraged to take up urban planning
2023-02-01T11:47 (IST)
Budget 2023 live: FM Sitharaman says ...
All cities and towns will be enabled for 100% mechanical de-sludging of septics tanks & sewers to transition from manhole to machine hole mode
2023-02-01T11:47 (IST)
3 centres for Artificial Intelligence to be set up to make AI work for India:
2023-02-01T11:47 (IST)
Rs.35,000 Crores to be allocated for priority capital investments for energy transmission and net zero objectives.
2023-02-01T11:47 (IST)
This schem is aimed to providing the free supply of grains
2023-02-01T11:47 (IST)
Rs.19700 crore for national green hydrogen outlay
2023-02-01T11:46 (IST)
Customs duty will be reduced on lab-grown diamonds. A R&D grant to 1 IIT for 5 years
2023-02-01T11:46 (IST)
Nirmala Sitharaman - 2 lakh Cr will be borne by the central government under 'PM Garib Kalyan Anna Yojana' for the entire year.
2023-02-01T11:46 (IST)
100 labs to be set up in Engineering institutions for development of 5G applications.
2023-02-01T11:46 (IST)
Green growth would be one of the priorities of the budget.
2023-02-01T11:46 (IST)
Govt to launch a Rs 2,200 crore Aatmanirbhar clean plan programme
2023-02-01T11:46 (IST)
PM Pranam will be brought to incentivize states and Union Territories to enhance alternative fertilisers and balanced use of chemical fertilizers.
2023-02-01T11:45 (IST)
Centre's focus on AI
Three centres of excellence for artificial intelligence to enable 'Make AI for India' and 'Make AI work for India', says FM
2023-02-01T11:45 (IST)
National Data Governance policy will be introduced which will enable access to anonymised data: FM
2023-02-01T11:45 (IST)
Digital Public Infrastructure for Agriculture will enable inclusive farmer-centric solutions & help improved access to farm inputs, market intel, support for agri industry, startups
2023-02-01T11:44 (IST)
39,000+ compliances reduced to to incarese the comfort in doing business and over 3400 legal provision decriminalised
2023-02-01T11:44 (IST)
"One stop solution for reconciliation of IDs maintained by various government agencies. PAN will be used as common business identifier," she said.
2023-02-01T11:44 (IST)
To enable more fintech services, scope of documents available in DigiLocker will be expanded
2023-02-01T11:44 (IST)
FM says phase 3 of e-courts projects will be launched with Rs.7,000 Crores
2023-02-01T11:44 (IST)
"One stop solution for reconciliation of IDs maintained by various government agencies. PAN will be used as common business identifier," she said.
2023-02-01T11:44 (IST)
For business organizations having a Permanent Account Number, the PAN will be used as a common identifier for all Digital Systems of specified government agencies.
2023-02-01T11:43 (IST)
Nirmala Sitharaman - Niti Ayog to persist for 3 years,
2023-02-01T11:43 (IST)
The government has outlined its priority. With a bumper increase in capex, PM Awaas Yajna outlay and hike in Railway capex the Modi government in its last full Budget has targeted job creation and infra development over populism.
2023-02-01T11:43 (IST)
FM on steps to enhance ease of doing business
"More than 39,000 compliances have been reduced and more than 3,400 legal provisions have been de-criminalised to improve ease of doing business"
2023-02-01T11:43 (IST)
FM on Capital investment outlay
Capital investment outlay is being increased steeply for third year in a row to Rs 10 lakh crore. The increased capital outlay for infrastructure to crowd in private investment, says FM
2023-02-01T11:43 (IST)
Govt to provide Rs 5,300 cr assistance to drought-prone central region of Karnataka
2023-02-01T11:42 (IST)
The expenditure for PM Awas Yojana will be increased by 66%
2023-02-01T11:42 (IST)
Vivad se Vishwaas, relief for MSMEs - in case of non-performance, 95% of the contract amount is to be returned by govt to provide relief to them.
2023-02-01T11:41 (IST)
Refund scheme for failed MSMEs
2023-02-01T11:41 (IST)
Govt to provide Rs 5,300 cr assistance to drought-prone central region of Karnataka
2023-02-01T11:41 (IST)
PAN to be used as common identifier for all digital system of specified govt agencies
2023-02-01T11:41 (IST)
KYCs", will be established using DigiLocker and Aadhaar
2023-02-01T11:41 (IST)
KYC process to be simplified
2023-02-01T11:40 (IST)
Railways capex outlay of 2.40 lakh crore, highest ever; 9x of what was in 2013
2023-02-01T11:39 (IST)
Make Artificial Intelligence (AI) in India and Make AI work for India - 3 centers for excellence for AI is to be set up with top institutes.
2023-02-01T11:39 (IST)
Ease of Doing Business (EODB) -more than 39,000 compliances have been reduced, more than 3,400 legal provisions have been decriminalized.
2023-02-01T11:38 (IST)
FM spells out idea behind setting up of National Cooperative Database
2023-02-01T11:38 (IST)
19700 Cr for national green hydrogen outlay
2023-02-01T11:38 (IST)
FM Sitharaman on federal lending
50-year interest free loans will continue for states, announces Sitharaman in Budget speech
2023-02-01T11:38 (IST)
Budget 2023 live: Outlay for Capex increased
The government has enhanced capital expenditure (capex) outlay by 33% to Rs 10 lakh crore which would be 3.3% of GDP. The amount is almost 3 times the outlay that was made by the government in 2020, says finance minister.
2023-02-01T11:38 (IST)
66 per cent increase in PM Awas Yojana to 79,000 crore, said Ms Sitharaman
2023-02-01T11:38 (IST)
Market does not seem to be taking the higher agricultural credit target kindly. The NSE PSU Bank index is under pressure, down 0.74 percent even as the Nifty Bank Index as a whole is up 1.2 percent
2023-02-01T11:38 (IST)
Improvement in urban infra in Tier II & III cities through National Housing Board (NHB).
2023-02-01T11:38 (IST)
80 Cr people will be given free Ann under budget 2023
2023-02-01T11:37 (IST)
RIL, Ambuja Cemenents among most active equities due to Budget
2023-02-01T11:37 (IST)
Capital Investment steeply increased to Rs 10 lakh crores!
2023-02-01T11:37 (IST)
Finance Minister announces measures for health sector
2023-02-01T11:37 (IST)
Push for fisheries and assistance for artisans
2023-02-01T11:37 (IST)
FM says- 100th of labs will be opened for 5g services
2023-02-01T11:36 (IST)
At Rs 10 lakh crore, the Centre’s capex target for 2023-24 is 33 percent higher than the budget estimate of Rs 7.5 lakh crore for 2022-23
2023-02-01T11:36 (IST)
Specialized digi locker scheme for MSMEs
2023-02-01T11:36 (IST)
KYC will be more easy and simple in the sectors of employment
2023-02-01T11:36 (IST)
As well as aadhaar, dogi lock
2023-02-01T11:36 (IST)
The PAN card could be used as a identity card
2023-02-01T11:36 (IST)
A separate scheme for failed MSMEs
2023-02-01T11:36 (IST)
Efficient use of land resources - Availablity and affordability - Property tax reforms
2023-02-01T11:36 (IST)
50 additional airports, heliports, and water aero drones will be launched to improve regional air connectivity.
2023-02-01T11:36 (IST)
100 critical infra peoject highlighted and will be taken up on priority with Rs.75 thousand crores.
2023-02-01T11:35 (IST)
The government will launch a sub-scheme under PM Matsya Sampada Yojana with an outlay of Rs 6,000 crore to further enable those involved in fisheries
2023-02-01T11:35 (IST)
The government proposes to set up a national digital library for children and adolescents to make up for the learning loss during the pandemic
2023-02-01T11:35 (IST)
100 citical infra projects highlighted
2023-02-01T11:35 (IST)
FM says India is the largest producer and second largest exporter of millets or Sri Ann
2023-02-01T11:35 (IST)
The kYC process is to said for easier than ever
2023-02-01T11:35 (IST)
50 new airports will be developed to ease the transition
2023-02-01T11:34 (IST)
Nifty Pharma rises over half a percen on positive indications from FM
2023-02-01T11:34 (IST)
FM Sitharaman's announcement... National digital library for children and adolescents will be set up for facilitating quality books
2023-02-01T11:34 (IST)
FM sitharaman has proposed to increase agricultural credit to Rs 20 lakh crore
2023-02-01T11:34 (IST)
Capital outlay of 2.40 lakh crore has been provided for the railways.
2023-02-01T11:34 (IST)
The government will introduce a sub-scheme under the PM Matsya Sampada Yojana with an outlay of Rs 6,000 crore to further assist persons interested in fishing.
2023-02-01T11:34 (IST)
50-year interest-free loan to the state governments is to be extended for another year to improve capital infra
2023-02-01T11:34 (IST)
Support for poor prisoners via financial help for legal costs
2023-02-01T11:33 (IST)
3 centres will be opened for the development of artificial intelligence
2023-02-01T11:33 (IST)
FM said that for the growth of agriculture, we will promote agriculture start-ups
2023-02-01T11:33 (IST)
FM has proposed to increase capital expenditure by 33 percent to Rs 10 lakh crore, which would be 3.3 percent of the GDP.
2023-02-01T11:33 (IST)
The government would also be launching a new scheme of PM MATSYA SAMPADA YOJANA
2023-02-01T11:33 (IST)
FM says 47.8 crore JanDhan accounts opened
2023-02-01T11:33 (IST)
FM announces further support to Indian Institute of Millet Research
2023-02-01T11:33 (IST)
The outlay for PM Azaz Yojana is being increased by 66% to over Rs 79,000 crore, says Sitharaman.
2023-02-01T11:32 (IST)
Support for poor prisoners via financial help for legal costs
2023-02-01T11:32 (IST)
Capex outlay hiked by 33% to 10 lakh crore
2023-02-01T11:32 (IST)
FM announces PM Vishwa Karma Kaushal Samman-package to provide assistance to artisans
2023-02-01T11:32 (IST)
10000 cr per year for urban infra fund
2023-02-01T11:32 (IST)
In next 3 years, government will employ 38,800 teachers and support staff for 740 Eklavya model schools supporting tribal students, says FM
2023-02-01T11:32 (IST)
Decentralised storage capacity will be set up that will help farmers store their produce.
2023-02-01T11:32 (IST)
National digital library for children and adolescents will be set up for facilitating quality books," she said.
2023-02-01T11:32 (IST)
National digital library for children and adolescents will be set up for facilitating quality books," she said.
2023-02-01T11:31 (IST)
100th of critical infra projects are highlighted
2023-02-01T11:31 (IST)
Assistance for traditional artisans and craftspeople
2023-02-01T11:31 (IST)
This is the highest outlay for railway till now
2023-02-01T11:31 (IST)
In next 3 years, government will employ 38,800 teachers and support staff for 740 Eklavya model schools supporting tribal students, says FM
2023-02-01T11:30 (IST)
India's per capital income has increased to Rs 1.97 lakh crore, says Sitharaman
2023-02-01T11:30 (IST)
2.40 lakh cr for railways
2023-02-01T11:30 (IST)
Agriculture credit target expanded to Rs 20 lakh crore
2023-02-01T11:30 (IST)
3.5 lakh tribal students in Eklavya schools
2023-02-01T11:30 (IST)
National digital library for children and adolescents will be set up for facilitating quality books," she said.
2023-02-01T11:30 (IST)
5300 Cr is prepared for the drought happened in Karnataka
2023-02-01T11:29 (IST)
FM proposes new programme for pharma research
2023-02-01T11:28 (IST)
38880 vacancies will be given for Eklavya school
2023-02-01T11:28 (IST)
New development mission for Primitive Vulnerable Tribal groups
2023-02-01T11:28 (IST)
In order to help traditional craftsmen and craftspeople increase the quality, scope, and market reach of their products while integrating them into the MSME value chain, a package of support has been devised by PM Vishwa Karma Kaushal Samman.
2023-02-01T11:28 (IST)
Jet fuel prices hiked by 4% in line with firming international oil prices
2023-02-01T11:27 (IST)
States, Govt programs & PPP to converge for tourism promotion
2023-02-01T11:27 (IST)
Deen Dayal Antyodaya Yojana has achieved remarkable success by mobilizing rural women into 81 lakh SHGs
2023-02-01T11:26 (IST)
New programme to promote research and innovation in pharma through centres of excellence, Ms Sitharaman said
2023-02-01T11:27 (IST)
Moreover FM said, 157 nursing colleges to be set up to 9.6 lakh or 9.6 cr LPG connection, 220 cr COVID vax for 102 cr people given
2023-02-01T11:27 (IST)
Mission to eliminate sickle cell anaemia by 2047, she said.
2023-02-01T11:26 (IST)
This budget focussed on job creation, youth upliftment
2023-02-01T11:26 (IST)
9.6 cr LPG connections, 220 cr Covid vax for 102 cr people given, 47.8 cr JanDhan accounts opened
2023-02-01T11:26 (IST)
FM gives a big boost to agritech startups
2023-02-01T11:26 (IST)
"Continuing our commitment to food security, we are implementing from January 1. a scheme to supply free food grain to all Antyodaya and priority households for one year under PM Garib Kalyan Ann Yojana," the Finance Minister said.
2023-02-01T11:26 (IST)
The government will facilitate in setting up of large co-op societies, fisheries and dairy co-operative societies.
2023-02-01T11:25 (IST)
Nifty Energy rises marginally after FM's green growth announcement
2023-02-01T11:25 (IST)
Governments efforts led to a better quality of life, says FM
2023-02-01T11:25 (IST)
To it a rapid growth, A separated millets organization will be formed
2023-02-01T11:25 (IST)
The industry to be encouraged to invest in research in the priority areas.
2023-02-01T11:25 (IST)
Tourism to be promoted on mission mode
2023-02-01T11:24 (IST)
The country offers immense attraction for domestic as well as foreign tourists. There is a large potential to be tapped in tourism. The sector holds huge opportunities for jobs and entrepreneurship for youth in particular, says Sitharaman
2023-02-01T11:24 (IST)
National Digital Library for youths
2023-02-01T11:24 (IST)
Making India a global hub for Sri Ann or Millets
2023-02-01T23:23 (IST)
The government will launch the Atmanirbhar Clean Plant Programme
2023-02-01T11:23 (IST)
The Indian Economy is making India envisages a global centre for Sri Ann or millets.
2023-02-01T11:23 (IST)
The government also aims to empower women by way of self-help groups focused on raw material supply, branding and marketing of products, she said.
2023-02-01T11:23 (IST)
157 New nursing colleges in India
2023-02-01T11:23 (IST)
Governments efforts led to a better quality of life, says FM
2023-02-01T11:22 (IST)
The country offers immense attraction for domestic as well as foreign tourists. There is a large potential to be tapped in tourism. The sector holds huge opportunities for jobs and entrepreneurship for youth in particular, says Sitharaman
2023-02-01T11:22 (IST)
9.6 crore LPG connections, 220 crore Covid vaccination for 102 crore people given, 47.8 crore JanDhan accounts opened, says Sitharaman
2023-02-01T11:22 (IST)
We achieved a lot of our sustainable aims. Additionally, PM achieved numerous Swachh Bharat targets. Jan Dhan accounts, Direct Benefit Transfer, and Suraksha Bima Yojana
2023-02-01T11:22 (IST)
We have made significant progress in many Sustainable Development Goals (SDGs)," says Finance Minister Nirmala Sitharaman
2023-02-01T11:21 (IST)
Moreover, the government will focus on the employment sectors
2023-02-01T11:21 (IST)
Indian economy on right track, heading towards a bright future
2023-02-01T11:21 (IST)
Implementing scheme to supply foodgrains to all priority households for next 1 year
2023-02-01T11:21 (IST)
An Agriculture Accelerator Fund will be set up to encourage agri-startups by young entrepreneurs, says FM
2023-02-01T11:20 (IST)
FM on food security: we’re implementing from Jan. 1, 2023, a scheme to supply free food grain to all Antyodaya and priority households for one year under PM Garib Kalyan Ann Yojana
2023-02-01T11:20 (IST)
Jet fuel prices hiked by 4% in line with firming international oil prices
2023-02-01T11:20 (IST)
Per capita income has increased to Rs 1.97 lakh: FM Sitharaman
2023-02-01T11:20 (IST)
Promotion of tourism will be taken up on mission mode," says Finance Minister Nirmala Sitharaman
2023-02-01T11:19 (IST)
National Rural Livelihood Mission has achieved remarkable success by mobilising rural women into 1 lakh SHGs
2023-02-01T11:19 (IST)
Economy has become a lot more formalised as reflected by doubling of EPFO membership, says FM
2023-02-01T11:19 (IST)
World has recognized India as a bright star, says FM
2023-02-01T11:19 (IST)
FM Nirmala sitharaman reveals agriculture accelerator
Digital public Infra will be utilised as a farmer centric solutions
2023-02-01T11:18 (IST)
Acri accelerator fund to boost start ups
2023-02-01T11:18 (IST)
First Budget in Amrit Kaal FM Nirmala Sitharaman says: Our vision for the Amrit Kaal includes technology-driven and knowledge-based economy, with strong public finances and a robust financial sector
2023-02-01T11:18 (IST)
Seven priorities - saptarishi - guiding us through Amrit Kaal. Among these, Inclusive development, green growth, youth power and financial power, says FM
2023-02-01T11:17 (IST)
Budget 2023: Nirmala Sitharaman On 7 Priorities of Budget Inclusive development Reaching last mile Infrastructure Unleashing potential Green growth Youth power Financial sector
2023-02-01T11:17 (IST)
We envision a technology-driven economy: Nirmala Sitharaman
2023-02-01T11:17 (IST)
These times of global challenges give India unique opportunity to strengthen country's role in world economic order: FM
2023-02-01T11:16 (IST)
Budget 2023 presentation begins as the stock market indicators soar high!
Sensex surges 600 points and tops 60,000 while Nifty is above 17,800
2023-02-01T11:16 (IST)
Rural Focus Finance Minister gets straight to the point, begins the speech with focus on rural India
2023-02-01T11:16 (IST)
Massive rise in EPFO scheme enrolments, PM Jan Dhan Account and Insurance Cover says FM in Budget Speech
2023-02-01T11:15 (IST)
This budget will be more focused on " sabka sath - sabka vikas".
2023-02-01T11:15 (IST)
India has moved from 10th to 5th largest economy, says FM in Budget Speech
2023-02-01T11:15 (IST)
"Promotion of tourism will be taken up on mission mode," she said.
2023-02-01T11:14 (IST)
Opportunity for citizens (especially youth), Job Creation and Strengthening Macro Economic Stability
2023-02-01T11:14 (IST)
FM Nirmala sitharaman mentioned that - our Economy is stronger than earlier. However there are 7 priorities set in this budget
2023-02-01T11:13 (IST)
G-20 presidency gives India opportunity to strengthen role in global order, says FM
2023-02-01T11:13 (IST)
11.4 crore farmers got Rs. 2.2 trillion in cash
2023-02-01T11:12 (IST)
"We ensured that no one went hungry during pandemic by providing free foodgrains to 80 crore poor people," said Ms Sitharaman.
2023-02-01T11:11 (IST)
Budget 2023 will be pro-poor, pro-middle class: Union minister Pralhad Joshi
2023-02-01T11:11 (IST)
Our economy rose from 15th to 5th
2023-02-01T11:11 (IST)
Entire expenditure of about Rs. 2 lakh crore under PM Garib Kalyan Anna Yojana is being borne by the central government, for supplying free food grains for one year to all Antyodaya and priroity households," says Finance Minister Nirmala Sitharaman
2023-02-01T11:11 (IST)
Tech Driven economy our big target : says FM Sitharaman
2023-02-01T11:10 (IST)
Amrit Kaal Mission Includes Technology Driven and a Knowledge-based economy
2023-02-01T11:10 (IST)
"The world appreciates India's achievements," said Finance Minister.
2023-02-01T11:10 (IST)
This is the first-ever budget of Amrit kal and our economy has seen a growth at 7% which is now the 5th largest economy in the World.
2023-02-01T11:10 (IST)
Indian economy has become a lot more formalized with EPFO membership doubling: FM
2023-02-01T11:09 (IST)
Govt schemes ensured better quality of life for citizens, says FM Sitharaman
2023-02-01T11:09 (IST)
Economy has growth from tenth to fifth largest in the world, said Nirmala Sitharaman.
2023-02-01T11:09 (IST)
World recognised India as bright star in 75th year of Independence
2023-02-01T11:08 (IST)
This Budget will build upon previous Budgets for India @100
2023-02-01T11:08 (IST)
The G20 presidency will give India a unique opportunity to help strengthen a new world order: FM
2023-02-01T11:08 (IST)
During the pandemic, we ensured that no one goes to bed hungry with a scheme to supply free foodgrains: FM
2023-02-01T11:08 (IST)
During pandemic govt ensured no one would go hungry, says FM Sitharaman
2023-02-01T11:07 (IST)
Indian economy on the right track, says FM
2023-02-01T11:07 (IST)
Opposition members shout "Bharat Jodo", create ruckus in Lok Sabah as Finance Minister begins budget speech.
2023-02-01T11:04 (IST)
Indian economy on the right track, and heading towards a bright future: Finance Minister Nirmala Sitharaman
2023-02-01T11:03 (IST)
Current Year Economic Growth is estimated at 7%, higher than many major countries worldwide.
2023-02-01T11:01 (IST)
Railway-related stocks in limelight ahead of Union Budget
2022-02-01T12:33 (IST)
Union Budget Live Updates 2022: Income tax rates unchanged
The government has not changed income tax rates this year.
2022-02-01T12:12 (IST)
Union Budget Live Updates 2022: National Pension Scheme (NPS)
Need parity between state and central government employees. Tax deduction on EPF for state government employees: Nirmala Sitharaman
2022-02-01T12:08 (IST)
Union Budget Live Updates 2022: Direct taxes voluntary compliance
New updated returns. Income Tax Department has made new roadmap. To correct errors by taxpayers, file updated returns within 2 years.
2022-02-02T11:55 (IST)
Union Budget Live Updates 2022: Capital expenditure raised
Capital expenditure raised by 35.40 per cent from ₹ 5.54 lakh crore to ₹ 7.50 lakh crore
2022-02-01T11:52 (IST)
Union Budget Live Updates 2022: Defence allocation
68 per cent capital for procurement for defence will be for domestic industry.
2022-02-01T11:51 (IST)
Union Budget Live Updates 2022: The 4 pillars
PM Gati Shakti, inclusive development, energy transition and financing of investments.
2022-02-01T11:50 (IST)
Union Budget Live Updates 2022: Post offices
All post offices to be linked with core banking solution to push financial inclusion.
2022-02-01T11:45 (IST)
Union Budget Live Updates 2022: 5G rollout
Spectrum auction will be conducted to roll out 5G mobile services within 2022-23 by private firms.
2022-02-01T11:43 (IST)
Union Budget Live Updates 2022: New education channel
One Class 1 TV channel to be launched to give supplementary education to children to make up for loss of formal education due to COVID-19.
2022-02-01T11:42 (IST)
Union Budget Live Updates 2022: Social welfare
Transliteration of land records in 8 languages will be rolled out
2022-02-01T11:40 (IST)
Union Budget Live Updates 2022: Urban development
For urban capacity building, support will be provided to states - mass transit, planning help, etc.
2022-02-01T11:37 (IST)
Union Budget Live Updates 2022: New passports
E-passports using embedded chips and futuristic tech will be rolled out.
2022-02-01T11:33 (IST)
Union Budget Live Updates 2022: Boost for digital payments
Digital payments have grown at rapid pace. Benefits of digital banking should reach every nook and corner. Taking forward this agenda, we will set up 75 digital banking units in 75 districts by scheduled commercial banks.
2022-02-01T11:28 (IST)
Union Budget 2022 Live Updates: For women and child development
2 lakh Anganwadis to be upgraded with better facilities
2022-02-01T11:24 (IST)
Union Budget 2022 Live Updates: For start-ups
Drone Shakti through various application centres for start-up that work on drone technology.
2022-02-01T11:22 (IST)
Union Budget 2022 Live Updates: Resilient MSME
Credit guarantee trust for micro and small enterprises will be revamped with required infusion of funds. This will give ₹ 2 lakh crore more for MSMEs.
2022-02-01T11:17 (IST)
Union Budget 2022 Live Updates: More infra development
2,000 km under Kawach programme. 400 new generation Vande Bharat trains. 100 PM Gati Shakti cargo terminals
2022-02-01T11:16 (IST)
Union Budget 2022 Live Updates: Minimum support price (MSP)
Rs 2.7 lakh crore direct payment of minimum support price for wheat and paddy
2022-02-01T11:11 (IST)
Union Budget 2022 Live Updates: Infra development
National Highways to be expanded by 25,000 km
2002-02-01T11:09 (IST)
Union Budget 2022 Live Updates: Engines of growth
PM Gati Shakti, inclusive development, productivity enhancement, energy transmission, climate action and financing of investment.
2022-02-01T11:06 (IST)
Union Budget 2022 Live Updates: Amrit Kal from India at 75 to India at 100
"We strive to provide necessary ecosystem for middle class. This Budget hopes to lay the foundation for Amrit Kal from India at 75 to India at 100," Ms Sitharaman said today.
2022-02-01T11:02 (IST)
Union Budget 2022 Live Updates: On COVID-19 pandemic
"We are confident of withstanding challenges amid the COVID-19 pandemic": Nirmala Sitharaman
2022-02-01T11:01 (IST)
Union Budget 2022 Live Updates: Nirmala Sitharaman starts Budget speech
Finance Minister Nirmala Sitharaman has started the Budget speech.
2022-02-01T12:36 (IST)
Union Budget Live Updates 2022: Gross GST collection
Gross GST collection in January at record ₹ 1,40,986 crore, possible due to rapid economic recovery, says Finance Minister Nirmala Sitharaman.
2022-02-01T14:05 (IST)
Union Budget Analysis 2022:- Income Tax Updates
  1. New Updated return - A new provision to allow taxpayers to file an updated return. Updated return can be filed within 2 years from the end of the relevant assessment year.
  2. Co-op Society - 15 % from 18%, reduction in surcharge too .
  3. Alternate minimum tax to be reduced to 15% for cooperative societies .
  4. Propose to increase tax deduction limit to 14% on employers contribution to NPS account of state govt employees .
  5. Tax incentives for startups to be incorporated until March 31, 2023 .
  6. Crypto tax at 30% - Tax on BITCOIN no set off on loss -Crypto profit give 30% to govt Loss you suffer fully no set off .
  7. Recipient to be taxed in case of gift of virtual digital asset: FM Sec 56 amended .
  8. Long term capital gains on listed equity share units subject to maximum surcharge at 15%. propose to cap transfer of long term capital gains at 15%.
  9. Corporate surcharge to be reduced from 12% to 7%.
2022-02-01T12:33 (IST)
Lok Sabha adjourned
2022-02-01T12:33 (IST)
Customs duty on steel scrap extended by a year
2022-02-01T12:33 (IST)
No changes in I-T slabs
2022-02-01T12:33 (IST)
FM Sitharaman commences her budget speech
2022-02-01T12:33 (IST)
Customs on polished diamonds, gemstones cut to 5%
2022-02-01T12:32 (IST)
Customs duty on cut & polished diamonds, gems to be reduced to 5%
2022-02-01T12:32 (IST)
Concessional duty on import of capital goods to be phased out
2022-02-01T12:32 (IST)
Custom duty imitation jewellery raised to discourage their imports, says FM
2022-02-01T12:32 (IST)
Custom duty exemption on steel scrap is being extended by a year to help MSMEs: FM
202212-02-01T12:31 (IST)
No change in income tax slab
2022-02-01T12:31 (IST)
35.4% hike in capital exp
2022-02-01T12:31 (IST)
Customs duty concessions for parts of electronic goods
2022-02-01T12:29 (IST)
FM announces sector-specific proposals
2022-02-01T12:29 (IST)
More than 350 exemptions on some agri products, chemicals, drugs, etc to be phased out
2022-02-01T12:29 (IST)
Concessional custom duty rates introduced
2022-02-01T12:29 (IST)
FM: Concessional customs duty on capital goods to be phased out, initial rate of 7.5% to be imposed
2022-02-01T12:28 (IST)
Existing tax benefits for startups, which were offered redemption of taxes for 3 consecutive years, to be extended by 1 more year.
2022-02-01T12:27 (IST)
Total expenditure in FY23 estimated at Rs 39.45 trillion
2022-02-01T12:26 (IST)
Financial support will be provided to farmers to take up agro-forestry
2022-02-01T12:26 (IST)
Govt to push one market one tax
2022-02-01T12:14 (IST)
Union Budget Live Updates 2022: Digital assets tax
Remarkable progress in GST but there were huge challenges, says Nirmala Sitharaman.
2022-02-10T12:24 (IST)
1.4 lakhs Cr GST collections
2022-02-01T12:23 (IST)
Highest GST collection ever in January : FM
2022-02-01T12:23 (IST)
Now FM moves to indirect taxe changes
2022-02-01T12:23 (IST)
A roundup of the big announcements so far 1) Government back funds SIDBI fund of funds have provided scale capital creating a multiplier effect. 2) Implementation of Ken Betwa Linking project at est
2022-02-01T12:23 (IST)
No set off of losses allowed for non-compliance
2022-02-01T12:23 (IST)
Long term capital gains on listed equity share units subject to maximum surcharge at 15%. propose to cap transfer of long term capital gains at 15%: FM
2022-02-01T12:23 (IST)
Tax deduction limit for state govt employees to NPS raised from 10% to 14%
2022-02-01T12:23 (IST)
TDS at 1% on transfer of virtual assets
2022-02-01T12:23 (IST)
Corporate surcharge to be reduced from 12% to 7%: FM Nirmala Sitharaman
2022-02-01T12:20 (IST)
Union Budget Live Updates 2022: Long-term capital gains
Surcharge on long-term capital gains capped at 15%
2022-02-01T12:20 (IST)
Rationalisation of surcharge
2022-02-01T12:19 (IST)
Gift of cryptocurrencies to be taxed at the receiver's end
2022-02-01T12:18 (IST)
No concession for digital virtual assets
2022-02-01T12:18 (IST)
Recipient to be taxed in case of gift of virtual digital asset: FM
2022-02-01T12:17 (IST)
Big move for digital virtual assets
2022-02-01T12:17 (IST)
A completely paperless, e-bill system will be launched by ministries for procurement
2022-02-01T12:14 (IST)
Union Budget Live Updates 2022: Digital assets tax
30% tax on digital asset transfer. Gifts of digital assets to be taxed as well. This includes any income from sale or acquisition of virtual and digital assets.
2022-02-01T12:16 (IST)
Tax relief for startups extended by a year
2022-02-01T12:15 (IST)
Incentives for newly incorporated companies introduced
2022-02-01T12:15 (IST)
Proposal will reduce surcharge on cooperative societies to 7%, for those whose income is between Rs 1 crore and Rs 10 crore.
2022-02-01T12:14 (IST)
Tax incentives for startups to be incorporated until March 31, 2023
2022-02-01T12:14 (IST)
Incentives for startups introduced
2022-02-01T12:14 (IST)
FM: Propose to increase tax deduction limit to 14% on employers contribution to NPS account of state govt employees
2022-02-10T12:10 (IST)
Union Budget Live Updates 2022: Cooperative societies tax
Tax rate for cooperative societies reduced to 15 per cent.
2022-02-01T12:12 (IST)
Tax relief for person with disability introduced : FM
2022-02-01T12:11 (IST)
Rate of MAT reduced to 15% for co-operative socienty
2022-02-01T12:11 (IST)
Reduced minimum alternate tax & surcharge for co-operative society : FM
2022-02-01T12:11 (IST)
Fiscal Deficit target set at 6.4% for FY23 FY23 total expenditure seen at Rs 39.45 lakh crore. Total Receipts other than borrowing seen at Rs 22.84 lakh crore.
2022-02-01T12:10 (IST)
Updated return can be filed upto 2 year from end of relevant AY : FM
2022-02-01T12:09 (IST)
New provision for taxpayers to update IT return
2022-02-01T12:09 (IST)
Four pilot projects for coal gasification and conversion of coal into chemicals
2022-02-01T12:08 (IST)
Capital expenditure increase of 2.2 times that pre-pandemic level is a continuous enabler for crowding in private participation: SBI's Soumya Kanti Ghosh
2022-02-01T12:08 (IST)
Fiscal Deficit at 37.7 lakh Cr
2022-02-01T12:08 (IST)
Revised fiscal deficit estimated at 6.9% of GDP: FM
2022-02-01T12:07 (IST)
* Govt to promote use of public transport in urban areas
2022-02-01T12:07 (IST)
* A high-level panel to be set up for urban planning
2022-02-01T12:07 (IST)
* Additional allocation of Rs 19,500 crore for PLI in solar PV module manufacturing
2022-02-01T12:07 (IST)
A high-level panel to be set up for urban planning, says Sitharaman
2022-02-01T12:06 (IST)
Fiscal deficit estimate 6.4% of GDP, says Sitharaman
2022-02-01T12:06 (IST)
FM thanks taxpayers of country
2002-02-01T12:05 (IST)
FM moves to PartB of speech : Direct tax
2022-02-01T12:05 (IST)
1 lakh crore for states to catalyse economy: FM
2022-02-01T12:05 (IST)
States to get Rs 1 lakh crore as 50-year interest-free loans to help fund PM Gati Shakti related investments: FM
2022-02-01T12:01 (IST)
Union Budget Live Updates 2022: Digital rupee
Digital currency will also lead to a more efficient and cheaper currency management system. It is therefore proposed to introduce digital rupee using blockchain and other technology to be issued by the Reserve Bank of India starting, 2022 and 2023
2022-02-01T11:58 (IST)
Union Budget Live Updates 2022: Effective expenditure
Effective capital expenditure of the government is estimated at Rs 10.68 lakh crores in 2022-23, about 4.1% of GDP
2022-02-01T12:04 (IST)
Loans to be over & above normal borrowings
2022-02-01T12:04 (IST)
Effective capital expenditure of the government is estimated at Rs 10.68 lakh crores in 2022-23, about 4.1% of GDP
2022-02-01T12:04 (IST)
India to have its own digital currency
2022-02-01T12:03 (IST)
Digitisation of economy including digitisation of payments : FM
2022-02-01T12:02 (IST)
Govt to promote funds for blended finance (govt share limited to 20%) for sunrise opportunities such as climate action, agri-tech, etc
2022-02-01T12:02 (IST)
Digital rupee using block chain by RBI
2022-02-01T12:01 (IST)
Economy shown resilence amid pandamic
2022-02-01T12:01 (IST)
Proceeds to be deployed in public sector projects.
2022-02-01T12:01 (IST)
Sovereign green bonds will be part of government’s borrowing programme in FY23.
2022-02-01T12:01 (IST)
Funds will be used for projects that will help reduce carbon intensity of the economy.
2022-02-01T12:01 (IST)
India to launch sovereign green bonds
2022-02-01T12:01 (IST)
RBI to issue it own digital currency
2022-02-01T12:00 (IST)
Outlay for Capital Ex rises by 35.4%
2022-02-01T11:59 (IST)
Defence R&D to be opened up for industry, start-ups, says FM Sitharaman
2022-02-01T11:59 (IST)
Capital investments helps in create the jobs : FM
2022-02-01T11:58 (IST)
Soveriegn green bonds to be issued : FM
2022-02-01T11:57 (IST)
FY23 Capex Target 7.5l cr
2022-02-01T11:57 (IST)
One class, one TV channel' program of PM eVIDYA will be expanded from 12 to 200 TV channels
2022-02-01T11:57 (IST)
Contracts for laying optical fibre in villages to be awarded under BharatNet project under PPP in 2022-23
2022-02-01T11:57 (IST)
National Ropeways Development Programme to be taken up in PPP mode with the aim to improve connectivity, besides promoting Tourism.
2022-02-01T11:57 (IST)
4 pilot projects for conversion of coal to energy to be launched
2022-02-01T11:56 (IST)
FM: Outlay for capital expenditure to be stepped up sharply by 35.4% from Rs 4.54 lakh crore to Rs 7.50 lakh crore in 2022-23
2022-02-01T11:56 (IST)
Defence R&D to be opened up for industry and startups, announces FM
2022-02-01T11:56 (IST)
SEZ act to go, new law to allow states to partners to enhance export performance
2022-02-01T11:55 (IST)
Additional loans for 13 mn MSMEs
2022-02-01T11:47 (IST)
Union Budget Live Updates 2022: Optical fibre
Optical fibre to be laid out in all villages by 2025
2022-02-01T11:54 (IST)
Next phase of ease of doing business, ease of living to be launched : FM
2022-02-01T11:54 (IST)
Budget has blueprint for next 25 years, says Sitharaman
2022-02-01T11:54 (IST)
Energy efficiency and saving measures will be promoted, says FM
2022-02-01T11:53 (IST)
280 GW of solar power by 2030
2022-02-01T11:52 (IST)
FM announces Rs 19,500 crore allocation in PLI for solar modules
2022-02-01T11:53 (IST)
68% of capital procurement budget in defence will be earmarked for domestic industry in 2022-23
2022-02-01T11:52 (IST)
IBC to be amended to improve efficiency of resolution process including cross-border
2022-02-01T11:52 (IST)
To reduce the delay in payment, an online bill system will be launched. It will be used by all central ministries: FM Sitharaman
2022-02-01T11:52 (IST)
Core banking services to start in post offices, says Sitharaman
2022-02-01T11:51 (IST)
Private industries to be invited for R&D : FM
2022-02-01T11:51 (IST)
Education plan for children to make up for loss of formal education due to Covid
2022-02-01T11:50 (IST)
Development plan for northeast
2022-02-01T11:50 (IST)
65% of expenditure to be kept for domestic firms : FM
2022-02-01T11:29 (IST)
10% incraese for 'Make in India" in defence : FM
2022-02-01T11:49 (IST)
Commited to reduce arms imports : FM
2022-02-01T11:49 (IST)
63% of R&D budget enmarked for make in India : FM
2022-02-01T11:49 (IST)
FM outlines vision for defence sector : FM
2022-02-01T11:48 (IST)
200,000 Anganwadis to be upgraded for improving child health
2022-02-01T11:48 (IST)
All villages should have same access of digital resources as urban areas: FM
2022-02-01T11:47 (IST)
Fund to be facilitated through NABARD to finance startups for agriculture and rural enterprise: FM
2022-02-01T11:47 (IST)
PPE model to lay optical fibers in villages : FM
2022-02-01T11:47 (IST)
Kisan Drones for crop assessment, land records
2022-02-01T11:47 (IST)
A push for Electric Vehicles A battery-swapping policy to be brought out with interoperability standards to boost EV ecosystem
2022-02-01T11:46 (IST)
Mobility Zones for E vehicles
2022-02-01T11:45 (IST)
5G spectrum auction in FY22 :FM
2022-02-01T11:45 (IST)
End to End E-bill system will be set up : FM
2022-02-01T11:42 (IST)
Promotion of EVs through battery swapping policy : FM
2022-02-01T11:42 (IST)
5 centres of excellence to be funded : FM
2022-02-01T11:42 (IST)
States to be supported for urban capacity building: Sitharaman
2022-02-01T11:41 (IST)
An open platform for the national digital health ecosystem will be rolled out.
2022-02-01T11:42 (IST)
Budget 2022 focuses on financial inclusion
2022-02-01T11:41 (IST)
100 year infra plans on the cards, blueprint on next 25 years in this budget
2022-02-01T11:41 (IST)
48000 Cr to be alocated under OM housing scheme
2022-02-01T11:41 (IST)
Cities must be centre of Sustainable living
2022-02-01T11:40 (IST)
Cities must be centres of sustanability living : FM
2022-02-01T11:40 (IST)
FM outlines vision for infrastructure
2022-02-01T11:39 (IST)
E-passports, the issuance of E passports using embedded ship and futuristic technology will be rolled out in 2022-23 to enhance the convenience for the citizens in their overseas travel.
2022-02-01T11:38 (IST)
Rs 2.37 trillion worth of MSP direct payments to wheat and paddy farmers
2022-02-01T11:38 (IST)
Post Offices to be merged with Banking
2022-02-01T11:37 (IST)
1400 CR allocated for hydro & solar projects
2022-02-01T11:37 (IST)
Focus on use of digital payment apps : FM
2022-02-01T11:36 (IST)
Desh stack e-portal to be launched to promote digital infra : says FM
2022-02-01T11:32 (IST)
Union Budget Live Updates 2022: River linking
Implementation of Ken-Betwa rivers linking with estimated cost of ? 44, 605 crore to be taken up
2022-02-01T11:36 (IST)
Pandemic has brought to the fore the issue of mental health. A national tele mental health programme will be launched.
2022-02-01T11:35 (IST)
MSMEs get boost with interlinked portals, blended capital fund
2022-02-01T11:35 (IST)
IIT-B to provide support to healthcare infrastructurem says Sitharaman
2022-02-01T11:34 (IST)
75 Digital Banking Units in 75 districts
2022-02-01T11:34 (IST)
Rs 2.37L crore MSP to be directly paid to farmers
2022-02-01T11:34 (IST)
One class, one TV channel' program of PM eVIDYA will be expanded from 12 to 200 TV channels. This will enable all states to provide supplementary education in regional languages for classes 1 to 12 : FM
2022-02-01T11:34 (IST)
AIM to boost digital baanking, Fintech ideas
2022-02-01T11:34 (IST)
FM outlines vision for banking sector
2022-02-01T11:39 (IST)
Union Budget Live Updates 2022: Northeast infra
PM development initiative for the northeast to fund infra and social development projects.
2022-02-01T11:33 (IST)
2 lakh Anganwadis to be upgraded with better facilities
2022-02-01T11:33 (IST)
8 mn new dwelling in rural, urban areas to be completed under PM Awas yojana
2022-02-01T11:32 (IST)
ADDL funding to connect border villages : FM
2022-02-01T11:32 (IST)
In 2022-23, 80 lakh households will be identified for the affordable household scheme: FM
2022-02-01T11:32 (IST)
MSMEs such as Udyam, e-shram, NCS & Aseem portals will be inter-linked, their scope will be widened.
2022-02-01T11:32 (IST)
Rs 60,000 crore allocated for 2022-24 under PM Awas Yojana
2022-02-01T11:32 (IST)
In 2022-23, 80 lakh households will be identified for the affordable household scheme: FM
2022-02-01T11:31 (IST)
FM outlines vision for North-East in 2022
2022-02-01T11:31 (IST)
60,000 CR for Tapwater : FM
2022-02-01T11:30 (IST)
3 women-centric missions to be launched
2022-02-01T11:30 (IST)
FM's Digital push This will aims to skill, reskill, upskill citizens through online training. API based skill credentials, payment layers to find relevant jobs and opportunities
2022-02-01T11:30 (IST)
An open platform for the national digital health ecosystem will be rolled out.
2022-02-01T11:30 (IST)
Schemes of the Ministry for Women and Child Welfare revamped significantly
2022-02-01T11:29 (IST)
FM outlines vision for Nari Shakti in 2022
2022-02-01T11:28 (IST)
2 lakh Anganwadis to be upgraded as "Saksham"
2022-02-01T11:28 (IST)
National tele-mental health program to be launched
2022-02-01T11:27 (IST)
Seven engines of PM Gati Shakti Roads Railways Airports Ports Mass transport Waterways Logistics infra
2022-02-01T11:27 (IST)
FM outlined vision for health sector
2023-02-01T11:27 (IST)
Rs 2.37 lakh crore worth of MSP direct payments to wheat and paddy farmers
2022-02-01T11:26 (IST)
Drone Shakti through various application centres for start-up that work on drone technology. Feb 01, 2022 11:2
2022-02-01T11:26 (IST)
Production Linked Incentive Scheme to create 60 lakh new jobs in next 5 years, says FM
2022-02-01T11:26 (IST)
5 lakh Cr cover for hospitality : FM
2022-02-01T11:25 (IST)
Startups will be promoted to facilitate 'drone shakti' for promotion of drone usage: FM
2022-02-01T11:25 (IST)
Digital ecosystem for skills & livelihood : FM
2022-02-01T11:24 (IST)
Credit guarantee trust for micro and small enterprises will be revamped with required infusion of funds. This will give ? 2 lakh crore more for MSMEs.
2022-02-01T11:21 (IST)
Union Budget 2022 Live Updates: Better farming
"For better farming, we will provide comprehensive package with state government coordination": Nirmala Sitharaman
2022-02-01T11:23 (IST)
Emergency Credit Line Guarantee Scheme has helped 130 lakh MSMEs mitigate the worst impact of the pandemic: FM
2022-02-01T11:20 (IST)
Union Budget 2022 Live Updates: River water sharing
Draft detailed project reports for five river water sharing projects have been finalized. Once consensus is reached among states, centre will support them for implementation.
2022-02-01T11:23 (IST)
ECLCG to be extended till March 2023 : FM
2022-02-01T11:23 (IST)
Guaranted cover to be extended to 5 lakh Cr : FM
2023-02-02T11:22 (IST)
Guaranted cover to be extended to 5 lakh Cr : FM
2022-02-01T11:22 (IST)
2lakh Cr for MSMEs
2002-02-01T11:22 (IST)
Plan to promote oilseed cultivation to reduce import dependency, says Sitharaman Promotion on millet production with emphasis on exports Plan to promote oilseed cultivation to reduce import dependency
2022-02-01T11:21 (IST)
1400 CR for solar projects : FM
2022-02-01T11:20 (IST)
Boost to Domestic production of Oil seeds
2022-02-01T11:19 (IST)
Drones to be deployed for agriculture monitoring : FM
2022-02-01T11:18 (IST)
Under the PM Gatishakti plan
Masterplan will encompass the seven engines of economic transformation PM Gatishakti masterplan for expressways will be formulated in next financial year Four multi-modal national parks contracts will be awarded in FY23.

Budget Live

Frequently Asked Questions on Budget

The Union 2023 budget will be presented on Wednesday, 1st Feb 2023.

The budget is a detailed planning allocation of the country's economic resources for the next financial year. As we have a huge impact on all sectors, the budget is adjusted according to the various services. Recommendations from all services are forwarded to the Treasury for their needs, which are also considered by the budget section.

The 2023 budget will be presented by the Honorable Finance Minister Nirmala Sitharaman before the Indian Parliament on 1 Feb 2023.

The interim budget is presented by the ruling government in the run-up to the financial year. Therefore, the current government cannot make strategic decisions in the full financial year when it may or may not have the power to govern. The final interim budget was introduced in 2019 by Finance Minister Piyush Goyal.