New Delhi, Feb 1 (SocialNews.XYZ) The Centre has drastically lowered the divestment target for fiscal 2022-23 to Rs 65,000 crore. According to the budget documents’ ‘Miscellaneous Capital Receipts’, the current fiscal FY22’s target was revised…
New Delhi, Feb 1 (SocialNews.XYZ) Amid border tension with China, the Indian Defence Ministry gets 13.31 per cent of the total outlay of Rs 39.45 lakh crore. The Ministry of Defence has been allocated a…
New Delhi, Feb 1 (SocialNews.XYZ) As the government aimed to help Indian startups continue their glory run with tax incentives, several startups said that certain issues like allowing them to directly list abroad and ESOP…
New Delhi, Feb 1 (SocialNews.XYZ) The tourism sector has got a boost in the Union Budget with 18.42 percent more allocation than the previous year; the ministry has got Rs 2400 crore. The major component…
New Delhi, Feb 1 (SocialNews.XYZ) Union Finance Minister Nirmala Sitharaman on Tuesday clarified that ‘Health and Education Cess’ is not allowed as business expenditure. While presenting the union budget in the Parliament, Sitharaman said that…
New Delhi, Feb 1 (SocialNews.XYZ) Consumer electronics manufacturers were left disappointed on Tuesday as there was no concession or GST rationalisation on smart TVs and other products in the Union Budget 2022-23. They had urged…
New Delhi, Feb 1 (SocialNews.XYZ) The Union Budget for 2022-23 dovetails a massive welfare focus encompassing several schemes of the central government. Under the Har Ghar, Nal Se Jal, 3.8 crore households are to be…
New Delhi, Feb 1 (SocialNews.XYZ) Shares of companies in the renewable space have performed substantially well on Budget Day on Tuesday, as the Centre reiterated its ambition to shift towards green energy. The Centre intends…
New Delhi, Feb 1 (SocialNews.XYZ) BJP chief J.P. Nadda on Tuesday said that the Union Budget focused on welfare and upliftment of the poor and weaker sections and it will empower the poor and make…
New Delhi, Feb 1 (SocialNews.XYZ) After giving an impetus to mobile phones and laptop/tablet manufacturing locally, the government on Tuesday announced a new Phased Manufacturing Programme (PMP) for producing wrist wearable devices, hearable devices and…
New Delhi, Feb 1 (SocialNews.XYZ) The government proposes to permit taxpayers to file an updated return on payment of additional tax within two years from the end of the relevant assessment year. Finance Minister Nirmala…
New Delhi, Feb 1 (SocialNews.XYZ) The Indian equities have continued gains from the morning session and closed sharply higher on the Budget day as the Centre continued with its strong capital expenditure spending for FY23….
New Delhi, Feb 1 (SocialNews.XYZ) The “capitalist” Union Budget 2022-23 is “obdurate” and “callous” as there is no cash assistance to the very poor who have been pushed into extreme poverty and suffered immensely during…
New Delhi, Feb 1 (SocialNews.XYZ) On the backdrop of the almost year-long agitation against the three contentious farm laws that were repealed, and the continued demand for increasing MSP for all farmers, the Centre on…
New Delhi, Feb 1 (SocialNews.XYZ) India, which is the third-largest 5G smartphone market globally, is yet to use the 5G technology and the wait only got longer with Finance Minister Nirmala Sitharaman announcing on Tuesday…
New Delhi, Feb 1 (SocialNews.XYZ) There has been a massive increase in fertiliser subsidy for fiscal 2022-23 which has gone up to Rs 1.4 lakh crore from Rs 79,500 crore. Nitesh Jain, Director, CRISIL Ratings…
By Sanjeev Sharma New Delhi, Feb 1 (SocialNews.XYZ) The Union Budget has plugged a loophole as it was noticed that in some cases, assessees claim set off of losses or unabsorbed depreciation, against undisclosed income…
New Delhi, Feb 1 (SocialNews.XYZ) The Centre on Tuesday said that world-class universities and institutions will be allowed to set up their campuses in Gujarat’s International Finance Tec-City (GIFT City). While presenting the Budget 2022-23…
By Sanjeev Sharma New Delhi, Feb 1 (SocialNews.XYZ) There have been a host of changes in Customs duty on several items in the Union Budget for 2022-23. This would mean that imports become more expensive…
New Delhi, Feb 1 (SocialNews.XYZ) Finance Minister Nirmala Sitharaman on Tuesday said that states will be encouraged to adopt Unique Land Parcel Identification Number (ULPIN) to facilitate the IT-based management of records. “The facility for…