archiveBudget 2023

The FM started the speech by reinforcing the India growth story, highlighting how India grew at 7% last fiscal, and the Indian economy has increased in size from being 10th to 5th most extensive in the last nine years. The budget theme was to reinforce India’s growth and recovering position in the global economy. The big announcements were a 33% increase in Capex, which was beyond estimates. Another significant announcement typical for the election year was increasing tax exemption up to 7 lac per year from 5 lac per year...

Prashanth GJ, CEO, TechnoBind Solutions The Union Finance Minister Mrs. Nirmala Sitharaman tabled the Union Budget 2023-24. She began by stating that the government sees the next 25 years as ‘Amrit Kaal’ marking the centenary of India’s independence. This is the first budget of this period and the government aims to achieve a technology-driven and knowledge-driven economy. The budget certainly reflected the FM’s statement and the plans being laid out to achieve this milestone. The budget has focused on youth, their skill enhancement and job creation, and the strengthening of...

In the current context, India has made steady progress in the EV market in recent years. As a result, it is expected that EVs will be one of the critical sectors of the country's economy in the upcoming Budget. What the Indian EV Ecosystem wants now is a "Unified and comprehensive Approach for Green Mobility". In the forthcoming Budget, the industry leaders will look for tax cuts, increased production, and stable schemes and incentives as key expectations for the upcoming Budget. Regardless, all of the initiatives will contribute to the...

India is quickly becoming one of the most robust business environments in the world. The third-largest and one of the fastest-expanding startup ecosystems in the world is in India, and it has played a crucial role in the economic and social advancement of the nation. In addition to bringing a myriad of disruptive innovations to market, startups play a significant role in the creation of jobs throughout India. Most new jobs in every state in the union and in every sector are created by startups intent on growing their businesses....