Sitharaman said banks and insurance companies are "not overexposed" to any one company and assured that Indian markets are very well managed by its regulators.
The ‘digital revolution’ has indeed been impacting our daily lives.
He said the Forum has also been seeking a passage at Barunei river mouth as it is not possible for the fishermen to enter the sea from the jetties at Kharinashi, Jamoo and Talachua.
Shorn of the optics, Budget 2023 is verily a “no harm done budget" with some nudges for an "Atmanirbhar GDP” and is betting on domestic consumption.
The finance minister also said that the RBI has already spoken out on the issue, referring to Friday's statement, which said the banking sector is resilient and stable.
The budget proposals establish both fiscal consolidation and growth, especially inclusive growth, Sitharaman said during her maiden interaction with stakeholders.
Odisha expected to get Rs 3261.85 cr more under the state’s share
This comes a day before the BJP’s outreach programme to be held on February 4 and 5 at 50 locations across the country with the participation of union ministers on the budget.
India's potential growth is not 6.5%, but closer to 8%. Has Budget 2023 done enough to achieve that?
Balakrishna, however, lauded the Budget, saying it is advantage for agriculture, pharma, and infrastructure.
Reactions from political leaders, industrialists and business leaders on the Union Budget 2023.
CM says residents paid Rs 1.75 lakh cr in income tax last year, while only Rs 325 cr was given for capital’s development
The government has tightened its belt on the fiscal front with the fiscal deficit target for FY24 brought down to 5.9%, a 50 basis-point reduction from FY23.
The budget also granted income-tax exemption to foreign investors on any income distributed on overseas direct investment entered into with IFSC Banking Units.
As per the new proposal if the annual premium paid by the customer for insurance policy is more than Rs 5 lakh then the income from the policy on maturity will be taxed.
Add to that the highest railway budget ever of Rs 2.40 lakh crore and the revival of 50 airports and heliports to aid regional connectivity.
Though the Union Finance Minister Nirmala Sitharaman put a thrust on research and innovation, the Department of Health Research saw a nine per cent dip in budget allocation.
Kasuti is a traditional form of folk embroidery craft, with a geographical indication (GI) tag, said to be unique to Dharwad region.
In good news for senior citizens, the Finance Minister has doubled the maximum investment limit for senior citizen saving scheme accounts from Rs 15 lakh to Rs 30 lakh.
Finance Minister Nirmala Sitharaman said the injection of 35,000 crore rupees into India's energy transition will help the country reach its goal of net zero emissions by 2070.