US weekly jobless claims drop to nine-month low

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Fiscal math with capex Bazooka - way to 'Amrit Kaal'

This budget sets us on the glide path of Amrit Kaal (the next 25 years) in our journey of being Atmanirbhar. Our vision for the Amrit Kaal includes a technology-driven and knowledge-based economy, with strong public finances and a robust financial sector, which has been very well embedded in this inclusive budget for Bharat.

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Budget 2023 gives Rs 968cr digitisation boost to connect, drive agriculture cooperatives

The total cost for computerisation of PCAS is estimated at Rs 2,516 crore. The scheme aims to computerise PCAS, leading to an increase in its efficiency, profitability, transparency and accountability.

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Budget 2023: A focus on growth and transition path to a $7-trillion economy

Sustained growth will be facilitated by rising capital spend outlays; underlying assumptions of growth, revenue receipts leave room to absorb impact of potential reversals.

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MSMEs to be returned 95% of fines imposed during Covid

The budget has also paved the way for easier flow of collateral-free funds, lower cost of funds and timely payments to MSMEs besides easier norms for statutory audits. An infusion of ₹9,000 crore in the Credit Guarantee Fund will enable additional collateral-free guaranteed credit of ₹2 lakh crore while the cost of the credit would be reduced by about 1%.

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US may let GE make jet engines in India

The invitation to Prime Minister Narendra Modi to make a state visit to the US comes amid efforts to achieve a quantum leap in bilateral ties, with India’s national security adviser, Ajit Doval, and his US counterpart, Jake Sullivan, tasked with launching a Critical and Emerging Technologies (iCET) initiative that officials suggest will top anything the two countries, long prone to mutual distrust, have achieved so far, including the civilian nuclear agreement of 2005.

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Modi govt makes a strong political pitch in Budget 2023 ahead of polls

The maximum increase - 197% over last fiscal - has been for building Eklavya Model Residential Schools (EMRS) for promotion of quality education in remote tribal areas. The budget proposes dovetailing at least six targeted existing schemes, including Venture Capital Fund for STs, Pradhan Mantri Jan Jatiya Vikas Mission, National Fellowship and Scholarship for Higher Education of ST students, National Overseas Scholarship Scheme, under ₹655 crore National Tribal Welfare Programme for better utilisation of funds and improved implementation of schemes.

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Budget: Govt announces 150-pc hike in outlay of Swachh Bharat Mission-Urban; total allocation Rs 5,000 Cr

There has been a nine-per cent decrease, with an allocation of Rs 2,132 crore, for the construction of non-residential office buildings, including the Central Vista project, Parliament and Supreme Court, as compared to the revised estimates of Rs 2,344.08 crore in the last fiscal.

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Economy to grow 6-6.8% next year, recovery complete: Economic Survey

The annual Economic Survey for 2022-23 projected the economy to grow by somewhere between 6% and 6.8%, depending on global factors in 2023-24, with 6.5% a baseline expectation. While admitting that the world economy faces considerable uncertainty that could affect India’s growth, the survey struck a confident note, mirroring the sunny posture of the government, which plans to showcase the recovery on its watch as one of the main pitches for the 2024 polls.

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