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Budget 2023: What are the Changes in New Tax Regime? Expert Explains

Budget 2023: What are the Changes in New Tax Regime? Expert Explains

by News | Feb 4, 2023 | Initiatives

spoke to Abhishek Chandra Shukla, senior chartered accountant, to know his analysis of Budget 2023 regarding personal income tax. Union finance minister Nirmala Sitharaman said the new tax system will be the default, with the old system remaining an option. Presenting...
Budget 2023: FM Sitharaman’s Big Push For Railways With ₹ 2.4 Lakh Crore Outlay

Budget 2023: FM Sitharaman’s Big Push For Railways With ₹ 2.4 Lakh Crore Outlay

by News | Feb 3, 2023 | Initiatives

Railways had asked for ₹2.5 lakh crore as capital expenditure for 2023-24. Finance minister Nirmala Sitharaman has announced the biggest-ever push for Indian Railways with a capital outlay of ₹2.40 lakh crore. Compared to the last fiscal year, it is a rise of 65.6 per...
Silver to become expensive as govt increases basic customs duty to 10% to curb imports

Silver to become expensive as govt increases basic customs duty to 10% to curb imports

by News | Feb 2, 2023 | Initiatives

SilverThe basic customs duty on both silver dore and simi-manufactured items will be increased to 10 per cent, as per the Budget document. Silver and silver jewellery will become expensive as the government on Wednesday announced increasing the basic customs duty on...
January GST Collection at ₹1.55 Lakh Crore, Second Highest-Ever

January GST Collection at ₹1.55 Lakh Crore, Second Highest-Ever

by News | Feb 1, 2023 | Initiatives

This is for the third time, in the current financial year, GST collection has crossed ₹1.50 lakh crore mark. The GST collection in January surged to over ₹1.55 lakh crore, the second highest-ever mop-up, the finance ministry said on Tuesday. “The gross GST...
At 6.1%, India To Be Fastest-Growing Economy, Projects IMF; China At 5.2%

At 6.1%, India To Be Fastest-Growing Economy, Projects IMF; China At 5.2%

by News | Jan 31, 2023 | Initiatives

India remains the fastest-growing economy in the world with the current estimates surpassing overall growth in emerging and developing Asia. The International Monetary Fund (IMF) on Tuesday released its latest projections on world economic growth and predicted a dip...
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