BUSINESS/ECONOMY

Assam Congress MP hails Budget 2023-24

Assam Congress Lok Sabha MP Pradyut Bordoloi termed the budget presented by the Union Finance Minister Nirmala Sitharaman as a good budget. Speaking to...

Union budget: Government aims to tax high premium policies

The government will levy tax on income from insurance policies having premium of more than Rs 5 lakh annually. This tax will be levied...

Presumptive tax scheme for MSMEs to reduce unreported cash income

The presumptive tax scheme for MSMEs announced in Union Budget 2023-24 seeks to reduce unreported cash income and increase transparency. K.V. Srinivasan, Executive Director...

Budget 2023-24 road map for nation building: ASSOCHAM

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) on Wednesday said the Union Budget 2023-24 is a roadmap of nation building...

Customs duty exemption on capital goods for manufacture of EV batteries

Customs duty exemption has been provided for capital goods for the manufacture of lithium–ion cells for batteries used in EVs in the Union...

Budget 2023 is a no complaint Budget, beneficial to NE India: Industry body

The Federation of Industry & Commerce of North Eastern Region (FINER) on Wednesday said that the Union Budget 2023 is a "no complaint...

Mixed reactions on Budget from Bihar industrialists

Industrialists of Bihar had mixed reactions to the Union Budget 2023-24 presented by Finance Minister Nirmala Sitharaman on Wednesday. Bihar Industries Association (BIA) President...

Agri-tech startup fund, increased credit in Budget to boost agriculture sector

From setting up an Agri-tech startup fund to hiking agricultural credit, Union Budget 2023 brought multiple announcements for welfare of the farm sector. The...