Tag: budget

  • Union Budget 2023-24: Sitharaman announces new savings scheme for women and girls – Know Details – Kashmir News

    Union Budget 2023-24: Sitharaman announces new savings scheme for women and girls – Know Details – Kashmir News

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    New Delhi, Feb. 1: Union Finance Minister Nirmala Sitharaman announced a ‘Mahila Samman Savings Certificate’ with a fixed interest rate of 7.5 percent for two years.

    The deposit can be made in the name of a woman or a girl child. The maximum deposit amount has been kept at Rs 2 lakh, and the scheme will have a partial withdrawal facility as well.

    “One-time new small savings under ‘Mahila Samman Saving Patra’. “The deposit facility for the women and girls will be for a period of two years with a rate of interest of 7.5 percent,” Sitharaman announced.

    Meanwhile, India’s Union Budget 2023–24 also lays emphasis on strengthening and improving girl’s participation in sport and investing in young sportswomen at the grassroots level.

    She also said that for the economic empowerment of women under the Deendayal Antyodaya Yojana National Rural Livelihood Mission, 81 lakh self-help groups have been created by mobilizing rural women.

    Sitharaman also announced enhancing the maximum amount of money that can be invested in the senior citizen saving scheme (SCSS) to Rs 30 lakh, compared to Rs 15 lakh now.

    The postal monthly income scheme also saw an enhancement of its limit. In a single name, Rs 9 lakh can be invested, as compared to Rs 4.5 lakh now.

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    #Union #Budget #Sitharaman #announces #savings #scheme #women #girls #Details #Kashmir #News

    ( With inputs from : kashmirnews.in )

  • Futuristic, growth-oriented: Karnataka BJP leaders on Union Budget 2023

    Futuristic, growth-oriented: Karnataka BJP leaders on Union Budget 2023

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    Bengaluru: Leaders of the ruling BJP, including chief minister Basavaraj Bommai and his cabinet colleagues, on Wednesday, hailed the Union budget 2023-24, while the opposition termed it “promises” to fool the people.

    The first budget of Amrit Kaal presented by Union Finance Minister Nirmala Sitharaman is futuristic, growth-oriented and has laid a strong foundation for India@100 in 2047. It has focused on every sector and will benefit every section of society giving an impetus to the Aatmanibhar Bharat vision, Dr K. Sudhakar, State Minister for Health, said.

    “I thank PM Modi and Finance Minister Nirmala Sitharaman for central assistance of Rs 5,300 crore for the Upper Bhadra Project.

    This will immensely benefit the people of Chikkamagaluru, Chitradurga, Tumkur and Davangere districts by providing irrigation facilities to farmers and recharging the groundwater table to provide -drinking water in drought-prone taluks of these districts,” he said.

    “The Economic Survey 2023 tabled in the Parliament on Tuesday showed that the central and state governments’ budgeted expenditure in the health sector reached 2.1% of the gross domestic product (GDP) in 2022-23.

    This is in the direction of the vision of National Health Policy – 2017, which has envisaged increasing the government’s health expenditure to 2.5% of GDP by 2025. The share of the government’s health expenditure in total health outlay has increased from 28.6% in 2014 to 40.6% in 2019.

    Thanks to Ayushman Bharat, the out-of-pocket expenditure (OOPE) as a share of total health expenditure has come down to 48.2% in 2019 from 64.2% in 2014,” he said.

    The budget proposal to establish 157 new nursing colleges in co-location with the existing 157 medical colleges established since 2014 is a welcome move to address the increasing human resource needs in the healthcare sector, he said.

    The special focus on promoting millets will not only ensure better nutrition and health among citizens but will also boost our fight against climate change. This is a great step towards ensuring food and water security for our future generations, Minister Sudhakar stated.

    Karnataka Minister for Power, Kannada and Culture V. Sunil Kumar described the Union budget as balanced and prepared keeping the interests of the middle class in mind.

    Seven priority zones have been identified as ‘Saptahrshi’ against the backdrop of Azadi Amrit Mahotsav. To ensure a green revolution, the PM Pranam scheme has been announced. The proposal to invest Rs 6,000 crore will play an important role in the development of the coastal region, minister Sunil Kumar explained.

    The target set for the state governments to produce five MMT green hydrogen by 2030 and the decision to invest Rs 25,000 is welcome. This has increased the responsibility of the states, he explained.

    Meanwhile, JD(S) leader and former Chief Minister H D Kumaraswamy dubbed the budget as a lure to fool people. “It seems the projects have been announced to fool people in the election year,” he said.

    The projects announced would be implemented only after a change of government at the centre. “I had written a letter long ago to consider projects announced in the budgets as national projects. When will the programmes announced in the election year be implemented? Kumaraswamy questioned.

    People know how much of the announced fund for the Upper Bhadra project would be given to the state once BJP is defeated in the state.

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    #Futuristic #growthoriented #Karnataka #BJP #leaders #Union #Budget

    ( With inputs from www.siasat.com )

  • J&K Gets Rs 35581 Crore Central Assistance In Union Budget

    J&K Gets Rs 35581 Crore Central Assistance In Union Budget

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    SRINAGAR: The Union Territory of Jammu & Kashmir has been allocated Rs 35581 crore in the Union budget presented by Union Finance Minister Nirmala Sitharaman in the Lok Sabha on Wednesday.

    Quoting the budget documents news agency KNO reported that Jammu & Kashmir has been allocated Rs 35581 crore in the Union budget for 2023-24.

    According to the documents, there has been massive hike in revised estimates for the current financial year.

    The revised estimates for UT have been hiked to Rs 44538 against budget estimates of Rs 35581 crore.

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    #Crore #Central #Assistance #Union #Budget

    ( With inputs from : kashmirlife.net )

  • Jammu & Kashmir Allocated Big Amount In The Union Budget- 2023 – Kashmir News

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    Hike of Rs 9000 crore in revised estimates for current fiscal

    Hike of Rs 9000 crore in revised estimates for current fiscal

    Srinagar- The Union Territory of Jammu & Kashmir has been allocated Rs 35581 crore in the Union budget presented by Union Finance Minister Nirmala Sitharaman in the Lok Sabha on Wednesday.

    The budget documents as per news agency KNO reveal that Jammu & Kashmir has been allocated Rs 35581 crore in the Union budget for 2023-24.

    FM Sitharaman Announces Hike On Cigarette Prices, Invoke Hilarious Memes On Social Media

    According to the documents, there has been massive hike in revised estimates for the current financial year.

    The revised estimates for UT have been hiked to Rs 44538 against budget estimates of Rs 35581 crore.

    Union Budget 2023 Live Updates: What Gets Cheaper Or Costlier- Here’s a List

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    #Jammu #Kashmir #Allocated #Big #Amount #Union #Budget #Kashmir #News

    ( With inputs from : kashmirnews.in )

  • Budget 2023 Live Updates: FM Sitharaman Announces Hike On Cigarette Prices, Invoke Hilarious Memes On Social Media – Kashmir News

    Budget 2023 Live Updates: FM Sitharaman Announces Hike On Cigarette Prices, Invoke Hilarious Memes On Social Media – Kashmir News

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    Budget 2023 Live Updates: FM Sitharaman Announces Hike On Cigarette Prices, Invoke Hilarious Memes On Social Media – Kashmir News

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    #Budget #Live #Updates #Sitharaman #Announces #Hike #Cigarette #Prices #Invoke #Hilarious #Memes #Social #Media #Kashmir #News

    ( With inputs from : kashmirnews.in )

  • Budget 2023-24 gives ‘nirasha’ instead of ‘asha’ to Indians: Akhilesh

    Budget 2023-24 gives ‘nirasha’ instead of ‘asha’ to Indians: Akhilesh

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    Lucknow: Samajwadi Party chief Akhilesh Yadav on Wednesday said the Union Budget for 2023-24 has given “nirasha” (despair) instead of “asha” (hope) to people of the country.

    He also claimed that the budget further increases inflation and unemployment.

    Finance Minister Nirmala Sitharaman presented the budget for the fiscal year 2023-24 in Lok Sabha on Wednesday and said it hopes to build on the foundation of the previous budget and blue print for India@100.

    “The BJP is completing a decade of its budgets, but when it did not give anything to the public earlier, what will it give now?” Yadav tweeted in Hindi.

    “The BJP’s budget further increases inflation and unemployment. It does not give ‘asha’ but ‘nirasha’ to farmers, labourers, youth, women, professionals and the business class. This budget is for the benefit of a few rich people,” he added.

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    #Budget #nirasha #asha #Indians #Akhilesh

    ( With inputs from www.siasat.com )

  • J&K gets Rs 35581 crore central assistance in Union budget

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    Srinagar, Feb 01: The Union Territory of Jammu & Kashmir has been allocated Rs 35581 crore in the Union budget presented by Union Finance Minister Nirmala Sitharaman in the Lok Sabha on Wednesday.

    The budget documents available with news agency—Kashmir News Observer (KNO) reveal that Jammu & Kashmir has been allocated Rs 35581 crore in the Union budget for 2023-24.

    According to the documents, there has been massive hike in revised estimates for the current financial year.

    The revised estimates for UT have been hiked to Rs 44538 against budget estimates of Rs 35581 crore—(KNO)

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    #crore #central #assistance #Union #budget

    ( With inputs from : roshankashmir.net )

  • Budget 2023: 2 AI centres of excellence, 100 5G labs for developing apps

    Budget 2023: 2 AI centres of excellence, 100 5G labs for developing apps

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    New Delhi: Three centers of excellence for artificial intelligence in top educational institutions and 100 labs in engineering institutions for developing applications using 5G services will be set up, Union Finance Minister Nirmala Sitharaman announced on Wednesday.

    The finance minister made the announcement in her budget speech in Lok Sabha.

    “Three centers of excellence for artificial intelligence will be set up in top educational institutions. Leading industry players will partner in conducting interdisciplinary research, developing cutting-edge applications and scalable problem solutions in the areas of agriculture, health, and sustainable cities,” she said.

    Sitharaman said that a total of 100 labs will be set up in engineering institutions in collaboration with various authorities, regulators, banks, and other businesses for developing applications using 5G services.

    “To realize the new range of opportunities, business models, and employment potential, the labs will cover, among others, applications such as smart classrooms, precision farming, intelligent transport systems, and healthcare applications,” she said.

    The finance minister announced that to address learning loss incurred during the pandemic years, a national digital library for children and adolescents will be set up for facilitating the availability of quality books across geographies, languages, and genres.

    As many as 38,000 teachers and support staff to be recruited in the next three years for 740 Eklavya Model Residential Schools serving 3.5 lakh tribal students, she said.

    Sitharaman also announced that teachers’ training will be re-envisioned through innovative pedagogy, curriculum transaction, continuous professional development dipstick survey, and ICT implementation.

    “Lab grown diamonds is a technology and innovation-driven, an energy-driven sector with high employment potential. To encourage indigenous production of such diamonds, a research grant will be provided to one of the IITs for five years,” she said.

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    #Budget #centres #excellence #labs #developing #apps

    ( With inputs from www.siasat.com )

  • Employee deliberately gives poor appraisal to keep his salary below 7 Lakh as Budget 2023 announces no tax till 7 lakh

    Employee deliberately gives poor appraisal to keep his salary below 7 Lakh as Budget 2023 announces no tax till 7 lakh

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    Finance Minister Nirmala Sitharaman is presenting the Union Budget for 2023 in the Parliament. This is the last full-year budget before the national elections in 2024, announcing a series of tax reliefs, Nirmala Sitharaman has give a huge relief to and announced six tax slabs and rebate has been extended on income up to Rs 7 lakh.

     

    An employee who was extremely happy with the tax rebate deliberately ruined his year end appraisal to make sure his salary remains within 7 lakhs slabs. Reportedly, the employee’s salary was 6.8 Lakh and any positive appraisal has would have made him fall in a tax slab.

     

    Speaking to The Fauxy, the employee said “I don’t like making fake bills and investing in PPF or taking home loans, hence, I don’t want to be under tax slab and i’ll make sure that in next appraisal also I fall within no tax limit”.

     

     

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    #Employee #deliberately #poor #appraisal #salary #Lakh #Budget #announces #tax #lakh

    [ Disclaimer: With inputs from The Fauxy, an entertainment portal. The content is purely for entertainment purpose and readers are advised not to confuse the articles as genuine and true, these Articles are Fictitious meant only for entertainment purposes. ]

  • Budget: Centre earmarks Rs 5,300 cr for Upper Bhadra project in Karnataka

    Budget: Centre earmarks Rs 5,300 cr for Upper Bhadra project in Karnataka

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    Bengaluru: Union Finance Minister Nirmala Sitharaman on Wednesday said the Centre would provide Rs 5,300 crore assistance for the Upper Bhadra project in poll-bound Karnataka.

    In her budget speech in Parliament, Sitharaman said, “In the drought-prone central regions of Karnataka, a central assistance of Rs 5,300 crore will be given for the Upper Bhadra Project.”

    The Upper Bhadra Project envisages the lifting of 17.40 thousand million cubic feet (TMC) of water from river Thunga to the Bhadra reservoir and 29.90 TMC from the Bhadra reservoir for utilization in Upper Bhadra Project.

    The project is crucial for the state as it will help meet the water requirements in the parched regions.

    Expressing gratitude, Chief Minister Basavaraj Bommai in a tweet said, “On behalf of the whole of Karnataka I thank the Finance Minister @nsitharaman and the union government led by Prime Minister Mr @narendramodi for announcing a grant of Rs 5300 crore for the state’s flagship Upper Bhadra project in this year’s union budget.

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    #Budget #Centre #earmarks #Upper #Bhadra #project #Karnataka

    ( With inputs from www.siasat.com )