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Hyderabad: The Union Budget 2022-23 came as a big shock for Telangana as all its demands for additional funds and new projects were ignored. The budget speech of Finance Minister Nirmala Sitharaman also had no mention of the commitments made to the state under Andhra Pradesh Reorganisation Act 2014. The state had high hopes from […]
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Hyderabad: Two years of sustained pressure on healthcare infrastructure due to three successive Covid waves had raised a lot of expectations from the union Budget among public health specialists. However, the overall reaction from industry leaders in healthcare towards the Budget has been a mixed bag. A 10 per cent increase in allocation to health […]
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Soon after presenting her shortest Budget speech yet that lasted for some 92 minutes, Finance Minister Nirmala Sitharaman addressed the media, directly. There were no opening statements. Sitharaman’s fourth Budget in a row neither tinkered with tax slabs nor raised the standard deduction, which was widely expected in view of elevated inflation levels and the […]
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Hyderabad: Even though the union Budget did not make any major announcements for the overall startup ecosystem, some of the announcements that stood out include forming an expert panel for easing growth of Private Equity/Venture Capital investments and tax incentives for startups extending by one year. The government on Tuesday announced to extend the period […]
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Hyderabad: An allocation of Rs 300 crore has been made for the Indian Institute of Technology (IIT)-Hyderabad for the financial year 2022-23, in the union budget estimates presented on Tuesday. These budget estimates were allocated under the object head grants for the creation of capital assets. For 2021-22, the budget estimates for the IIT-Hyderabad were […]
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Hyderabad: Telangana State Planning Board vice-chairman B Vinod Kumar on Tuesday said the union budget presented by Finance Minister Nirmala Sitharaman left everyone disappointed. The union Budget would not benefit any community in the country, he said in a statement issued here. Priority was not given to the education, health, education, agriculture and welfare sectors […]
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Hyderabad: There is nothing for the common man, particularly the salaried class. There have been no tax exemptions, deductions or tax proposals that can help employees save tax. These expectations stemmed from the rising cost of living and also higher Covid-related spend. Also, there have been many concerns related to work-from-home, which many hoped will […]
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Hyderabad: The Finance Minister also announced that the Emergency Credit Line Guarantee Scheme (ECLGS) will be extended to cover the next fiscal as well, with expanded guarantee cover of Rs 5 lakh crore. This will help the MSMEs that have been hit by the pandemic, said Mahesh Desai, Chairman of Engineering Export Promotion Council. The […]
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New Delhi: The Railway Ministry has been allocated Rs 1,40,367.13 crore in the Union Budget on Tuesday – Rs 20,311 crore more than the revised figures of the previous fiscal. Vande Bharat Finance Minister Nirmala Sitharaman in her Budget speech for 2022-23 said that India will manufacture 400 new, energy-efficient Vande Bharat trains in the […]
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Kolkata: The Union Budget provided nothing to the common people who have been “crushed” by unemployment and inflation, West Bengal Chief Minister Mamata Banerjee said on Tuesday, terming it a “Pegasus spin budget”. Banerjee said the Centre was lost in “big words” signifying nothing. BUDGET HAS ZERO FOR COMMON PEOPLE, WHO ARE GETTING CRUSHED BY […]
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New Delhi: Calling the Union Budget a “visionary budget” brought by the Modi government, Union Home Minister Amit Shah on Tuesday said it will change the scale of India’s economy and make the country self-reliant. Shah took Twitter to express his views soon after Finance Minister Nirmala Sitharaman presented the Union Budget 2022-23 in Parliament. […]
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By Krishank Manne The union Budget 2022 is yet another moment of expectations for the corporates, salaried classes, and huge statements of targets such as doubling the income of farmers, $5 trillion economy, tax rebates, price decrease, etc. There are also requisites from the State, be it long-pending demands or contributory permissions in infrastructure building. […]
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Mumbai: As the countdown to the Union Budget 2022-23 has begun, the Indian equities market is likely to remain volatile in the week beginning Monday. Market participants will try to envisage the reforms and measures that could be announced by Finance Minister Nirmala Sitharaman in the budget to be presented on February 1 and make […]
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Hyderabad: Telangana State has sought Rs 7,778 crore allocation in the upcoming union budget as the Central share for various projects taken up by the Municipal Administration and Urban Development Department in the State. In a letter to union Finance Minister Nirmala Sitharaman on Thursday, MAUD Minister K T Rama Rao sought the funds for […]
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In cases of public and private sector collaboration, due diligence is critical
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Finance Minister says funds sanctioned by Finance Commission alone reduced from Rs 1,847 cr to Rs 1,365 cr
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The part two of the session is taking place at a time when political parties have their focus on elections in West Bengal, Tamil Nadu, Assam, Kerala and Puducherry.
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Modi said education, skill, research and innovation were the second biggest focus of budget after health.
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The Budget estimate 2021-22 for health and well-being is pegged at over Rs 2.23 lakh crore, recording an increase of 137 per cent.
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The government's bid award process has seen accelerated activity in the past six months and the company expects the programmes laid out in the Budget to see speedier bidding
