With more than 10 million people entering the labour market every year, many have struggled to find jobs, especially the formal kind.   
Updated : Feb 03, 2023

Blue-collar jobs get push in FM Sitharaman’s 33% capex boost in Budget 2023 

Government targets long-term job creation with 33% capex boost in the Union Budget for 2023-24 in a country where at least 10 million people enter the labour market every year. 

Anand Mahindra comments on the Union Budget 2023
Updated : Feb 02, 2023

‘I always wait a day before commenting…’: What Anand Mahindra thinks of Budget 2023

When asked about his thoughts on the Union Budget 2023, Anand Mahindra replied to a Twitter user that he always waits a day before commenting.

Godrej Agrovet is also optimistic about the government’s newly announced Agriculture Accelerator Fund
Updated : Feb 01, 2023

Budget 2023: FM Sitharaman’s agri initiatives get a thumbs-up from Godrej agribusiness arm

Godrej Agrovet, which has interests in vegetable oil, dairy, crop protection, and life sciences, commended the Finance Minister for rolling out a “tech-focused and inclusive” Budget for farmers.

Investors and funds are grappling with ambiguity
Updated : Feb 01, 2023

Union Budget 2023 brings mixed results for VC firms, but optimism remains  

Venture capital (VC) and private equity (PE) investors were of the view that the country’s regulations have not kept up with the complexities of this industry and were demanding a meaningful intervention from the government to make private investments easier and friendly.

On the other hand, import duty on silver bar and silver dore has been increased from 7.5% and 6.1% To 10%.
Updated : Feb 01, 2023

Budget 2023: How will increase in custom duty on gold and silver impact commodity market?

Budget 2023: Impact of this announcement has led to a spike in the price of gold and silver in the commodity market

India’s expenditure is more than countries like Nepal and Bangladesh and Pakistan.
Updated : Feb 01, 2023

Budget 2023: Govt's health budget gets mere 12.6% increment; will public health suffer?

Announcing a slew of measures for the Union Health Ministry, the nodal ministry tackling the worst health crisis in last many decades in the form of covid-19, Finance Minister Nirmala Sitharaman said the government aims to focus on skilling, research and innovation in the sector as the pandemic heightened the need. 

Founders hailed these moves as positive steps forward that demonstrate the government’s commitment
Updated : Feb 01, 2023

Budget 2023: Start-ups hail extension of tax holiday, loss carry forward period

But the ecosystem expressed disappointment on lack of initiative around easier Employee Stock Ownership (ESOPs) taxation or enablement of early-stage funding.

Currently, India contributes around 15 per cent of global production of lab-grown diamonds.
Updated : Feb 01, 2023

Budget 2023: FM Sitharaman announces import duty cut on raw materials for lab-grown diamonds

Lab-grown diamonds are grown inside a lab using cutting-edge technology that replicates the natural diamond growing process and the result is a man-made diamond

Echoing the same opinion, AAP Chief and Delhi CM Arvind Kejriwal criticised the budget.
Updated : Feb 01, 2023

Budget 2023: Nirmala Sitharaman’s ‘middle-class bonanza Budget’ draws mixed reactions from political leaders

The West Bengal Chief Minister Mamata Banerjee denounced the Union Budget 2023-24 as "anti-people" and "completely opportunistic," alleging it was created with the 2024 Lok Sabha elections in mind.

The focus on ‘Dekho Apna Desh’ and the development in the North-East states has been cheered.
Updated : Feb 01, 2023

Budget 2023: Hospitality industry welcomes FM Sitharaman's announcements to boost tourism sector

The development of 50 new destinations will make India more attractive to international tourists as their options will increase

There was no key announcement made regarding taxpayers under the old tax regime.
Updated : Feb 01, 2023

'Old tax regime to fade': Section 80C and tax-saving investments will soon be a thing of the past, say netizens

The new tax regime was announced in Budget 2020 and became effective from financial year 2020-21. With no key announcements for the taxpayers under the old regime, users have taken to Twitter to express their disappointment.

Nirmala Sitharaman's Budget 2023 gets a thumbs up from the industry
Updated : Feb 01, 2023

‘Best delivered by this govt’: Nikhil Kamath, GA Muthoot, Chandrashekhar Ghosh react to Union Budget 2023

Union Budget 2023: Nikhil Kamath said the Budget had both pros and cons, while George Alexander Muthoot, said that Budget 2023 “touched upon all the right chords of the economy”.

Does the Budget have room for building higher economic and social capital through capex? The answer is a resounding yes
Updated : Jan 09, 2023

Budget 2023: Need of the hour is a bold bet on capex

Does the Budget have room for building higher economic and social capital through capex? The answer is a resounding yes. Read more to know why

Inflation, pension, FDs, EMIs: Here’s what India’s top economists are thinking ahead of Budget 2023
Updated : Jan 13, 2023

Inflation, pension, FDs, EMIs: Here’s what India’s top economists are thinking ahead of Budget 2023

In a Business Today Banking & Economy Summit in Mumbai, India’s top chief economists, including Madan Sabnavis of Bank of Baroda, Saugata Bhattacharya of Axis Bank and DK Joshi of Crisil shared their views on the Indian economy, inflation, rate hikes and key other macroeconomic indicators. Here’s what they have to say.

It is estimated that in 2021, India’s population of Ultra High Net-worth Individuals (“UHNIs”) (i.e., individuals owning assets worth more than USD 30 million/ INR 226 crore) grew by 11 per cent.
Updated : Jan 25, 2023

Budget 2023: Roadmap for attracting global UHNIs to India

Recent trends have also shown an uptick in the number of UHNIs exploring family office structures to manage their wealth.

The real estate sector has remained on the growth path, a trend that is likely to continue in 2023 as well.
Updated : Jan 25, 2023

Budget 2023: Enabling policy measures can boost India’s real estate market

The sector is pinning its hopes on the upcoming Budget, and we are optimistic that a combination of enabling government policy measures and positive buyer sentiment will fuel the demand for real estate.

 In FY-22, the technology industry grew at 15.5 per cent (Y-o-Y) to reach $ 227 billion in revenue which is 9 per cent of GDP.
Updated : Jan 27, 2023

Budget 2023: Technology ushering the next phase of digital revolution in India

As India cements its position as a leader in skills in technology for the world, it will be equally important to perhaps align additional focus on product development and accelerate scientific temper for innovation and creation at (higher) education institutions.