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2023-TIOL-NEWS-026| February 01, 2023

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TIOL AWARDS

 
UNION BUDGET 2023

Finance Minister's Speech

Key to Budget Documents, 2023

Budget Highlights (Key Features)

Memorandum Explaining the Provisions in the Financial Bill

Finance Bill

Statements of Fiscal Policy under the FRBM Act, 2003

Output Outcome Framework for Schemes 2023-2024

Notification No. 12/2023-Customs

Notification No. 11/2023-Customs

Notification No. 10/2023-Customs

Notification No. 09/2023-Customs

Notification No. 08/2023-Customs

Notification No. 07/2023-Customs

Notification No. 06/2023-Customs

Notification No. 05/2023-Customs

Notification No. 04/2023-Customs

Notification No. 03/2023-Customs

Notification No. 02/2023-Customs

Notification No. 05/2023-Central Excise

Explanatory Notes

D.O. Letter from JS (TRU-I)

Implementation of Budget Announcements 2022-2023

 

 

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NEWS FLASH
 

Budget hikes Leave Encashment limit to Rs 25 lakhs

FM reduces highest surcharge rate from 37% to 25%

FM hikes exemption limit under old scheme to Rs 3 lakh

Budget hikes exemption limit for income tax to Rs 7 lakh

Start-Ups registered till March 31, 2024 to get tax relief

New Cooperative till Mar 31, 2024 to attract only 15% tax rate

Threshold for presumptive taxation for MSMEs & Professionals hiked

Denatured ethyl alcohol - Import duty relief granted

Customs duty relief granted to parts of mobile phones + open cells & TV panels

FM announces reduction in number of BCD from 21 to 13 + Customs exemption extended to lithium used in EV battery

2023-24: Total receipts estimated to be Rs 27 lakh Crore; Fiscal deficit to be 5.9%

New Saving Scheme with 7.5% interest rate to be launched for women for 2 yrs

A raft of easy measures to be taken to promote GIFT city scheme

Revamped credit guarantee scheme with Rs 9000 Cr to be rolled out from April 1, 2023 for MSMEs

States to be encouraged to set up Unity Mall for one-district-one-product goods

50 destinations to be selected for promotion of tourism

Govt to promote coastal shipping for cargo and passengers

Govt to encourage one crore farmers to switch over to organic farming

Govt to introduce Green Credit Programme for sustainable development

India to develop lab grown diamonds; funds to be given to one of IITs

100 labs for developing 5G Services to be set up in Engineering Institutes

Govt to launch phase III of e-court project with Rs 7000 Cr outlay

FM announces voluntary settlement scheme for disputes between Govt & govt agencies

PAN to be used as Common Business Identifier by all Govt Agencies

3 Centres of Excellence for AI development to be set up

50 more airports, helipads to be revived for regional connectivity

Rs 2.04 lakh crore capital outlay planned for Railways

Capital expenditure outlay hiked to Rs 10 lakh Crore

Rs 79000 Cr allocated for PM Aawas Yojna

National Digital Libraries for children to be set up

Govt to set up 157 Nursing Colleges

Agriculture Accelerator Fund to be set up for Agri Start-ups: Budget

India to focus on Green Growth efforts & green jobs: FM

FM announces new scheme for artisans; to integrate them with MSME schemes

Govt to focus on macro economic stability: FM

Union Budget 2023: India's per capital income has doubled to Rs 1.97 lakh

Union Cabinet grants nod to Budget proposals

FM may unveil lower fiscal targets

Chattisgarh CM's budget wish - more trains and release of GST arrears

ChatGPT no longer good for cheating! - Maker releases AI detection tool

India, US gum hands to develop new technologies

Boeing delivers last 747 jumbo; bids sayonara

White House dubs Exxon's jumbo USD 56 bn profit ‘outrageous'

Dancing proves costlier! - Iran gives 10-yr-jail to dancing couples

Pope Francis urges rich world to keep hands off Africa

Global housing slump on card as US, Australia & HK report collapse after China

Lebanon devalues currency by 90% from today

Large human wall tries to wall off Macron's pension reform

Shell offers zero-carbon fossil fuels

Adani Group gains control of Haifa Port in Israel for USD 1.2 bn

 
TOP NEWS
 

Govt receives Rs 18.25 lakh crore of BE upto Dec month

'Khadi Fashion Show' mesmerizes audience on White Rann of Kutch

 
JEST GST
 

By Vijay Kumar

KYB - Know Your Budget

WELL, it's Budget Time and keeping jest apart, let's recapitulate the Budget jargon. These are well-known - to most of us, but still a relook may be worthwhile...

 
GUEST COLUMN
 

By Vaishali Kharde

Economic Survey 2022-23 - What all does it say about GST?

THIS article captures Economic Survey 22-23's executive summary from the standpoint of GST, along with our comments and observations.

 
NOTIFICATION
 

cnt07_2023

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

 
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