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By CNBCTV18.com | Jan 30, 2023 11:53 PM IST (Updated)
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homeeconomy NewsBudget 2023 Expectations highlights: Expectations running high as Sitharaman gears up to present her 5th Budget
Budget 2023 Expectations highlights: Expectations running high as Sitharaman gears up to present her 5th Budget
1 Min(s) ReadThank you for joining our coverage of Budget 2023 Expectations. We will now wrap the blog.
Jan 30, 2023 11:53 PM
Budget 2023: Date, time, who will present it? All you need to know
Budget 2023 Date: The budget session for 2023 will start with an address by President Droupadi Murmu to the joint sitting of the Lok Sabha and Rajya Sabha in the Central Hall of Parliament. This will be President Murmu's first address since her elevation to the nation's top post last year.
Jan 30, 2023 11:34 PM
Budget 2023 â Why virtual digital assets need a different approach for taxation
A TDS of one percent (on transactions above Rs 10,000) is high for an industry that has high-frequency transactions like any other securities markets. Rather, India should pick up cues from existing other markets where they have mechanisms to track VDA transactions for tax compliance.
Jan 30, 2023 11:26 PM
Budget 2023 | India should focus on attracting more foreign capital into the country, says Russell Napier
Speaking to CNBC-TV18, Napier said, one of the rare achievements of India is that it has been able to grow with relatively lesser debt. However, he believes that India's current problem is not a macro problem, but rather a valuation problem.
Jan 30, 2023 11:10 PM
Budget 2023 expectations: Travel industry wants tax benefits and more for speedy recovery
After a bumpy ride in 2020 and 2021, which were severely impacted by the COVID-19 outbreak, the travel industry has bounced back and is benefitting from the pent-up demand. While it is in recovery mode, the sector is yet to reach pre-pandemic levels and expects to benefit from the Budget 2023. These are some of the expectations from the Budget 2023.
Jan 30, 2023 10:51 PM
Budget 2023: Who prepares it, how is it made and key details
Budget 2023 will be presented by Finance Minister Nirmala Sitharaman on February 1, 2023. Given that it will be the last full budget before the general elections in 2024, anticipations are high from it. However, before delving further, it’s important to understand what exactly is a Budget and how is it made in India.
Jan 30, 2023 10:19 PM
Budget 2023 | Indiaâs top CEOs expect infra thrust to continue and more attractive IT regime
CNBC-TV18 in partnership with Dhruva Advisors and FICCI polled over 100 CEOs ahead of the February 1 Union Budget to get a pulse check on what India Inc wants and hopes for. Most CEOs expect India’s growth story to remain relatively strong and see only a moderate impact of an impending global recession.
Jan 30, 2023 9:58 PM
Union Budget 2023 | Budget should focus on falling imports, impact of slowdown: Chidambaram
Senior Congress leader and former Union finance minister P Chidambaram on Monday said that the BJP-led central government in its upcoming budget should focus on addressing issues like the impact of the global slowdown on economic growth, falling exports, increase in the current account deficit (CAD) and mounting total government debt.
He said that the Union Budget should also focus on the danger of falling consumption leading to lower standards of living due to high unemployment rate, layoffs and inflation.
Chidambaram said that though he has high expectations from the Budget, he is also "prepared for great disappointment".
Jan 30, 2023 9:36 PM
A look at how government performed on Budget 2022 promises
In the eleven months since the last budget was presented, the government has made headway on some of last year's proposals, but is struggling on a few others. However India has done quite well on some of the targets like for instance the fiscal deficit. Budget 2022 had set a fiscal deficit target of 6.4 percent and as things stand today, the government looks to be on track to achieve the level.
Jan 30, 2023 9:23 PM
Income tax threshold limit of Rs 2.5 lakh needs to be re-looked at, says Dhruva Advisorsâ Dinesh Kanabar
Speaking to CNBC-TV18, Dinesh Kanabar, CEO of Dhruva Advisors said any reduction in tax rates would result in higher income in the hands of the people, which would in turn lead to increased spending and help kickstart the economy.
Jan 30, 2023 8:51 PM
Union Budget 2023 | Expectations running high as Sitharaman gears up to present her 5th Budget
With Finance Minister Nirmala Sitharaman getting ready to present the last full budget of the Modi 2.0 government, expectations are high that she will meet the demands of all stakeholders, including the common man who is reeling under the price rise.
The finance minister has held several rounds of discussions with various stakeholders, and final touches are being given to the Union Budget for 2023-24 which will be unveiled in the Lok Sabha on February 1.
"The Budget to be announced will be an exercise of managing several objectives: movement to fiscal prudence, stimulating growth without accompanying inflation, garnering more resources through non-tax measures and providing sops where necessary.
"As all these objectives would run in different directions, the FM will exercise considerable dexterity to move ahead decisively on all counts," said Madan Sabnavis, Chief Economist, Bank of Baroda.
Jan 30, 2023 8:19 PM
FY23 expenditure expands by over 10% over FY22 Budget
The fertliser subsidy is likely to be more than double this year in the revised estimates - a consequence of high gas and fertliser prices post Ukraine war. However, the FY24 Budget is likely to see lower allocations at Rs 1.20-1.30 lakh crore.
Jan 30, 2023 7:45 PM
Budget 2023 EPF expectations â Experts want FM to reduce double taxation, raise Section 80C limit
Budget 2023 is just around the corner, and taxpayers across the country are eager to see what the government has in store for them. Here are some of the expectations on EPF front
Jan 30, 2023 7:26 PM
Kantar India Union Budget survey: Rising inflation, fear of job loss top concerns for Indians
World’s leading marketing data and analytics company, Kantar has released findings from its second edition of the India Union Budget survey. The survey maps consumer sentiments and expectations from the Union Budget 2023. According to the survey, the country is cautiously optimistic due to the ongoing Russia-Ukraine war, an expected slowdown in Europe and US, and 9 Indian states heading into assembly polls in 2023. Here’s a look at some of the key highlights from the survey.
Jan 30, 2023 7:01 PM
Budget 2023 expectations | From higher purchasing power for common man to competitive corporate tax structure
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Jan 30, 2023 6:43 PM