"First Budget Of 'Amrit Kaal'... World Sees India As Bright Star": N Sitharaman
Finance Minister Nirmala Sitharaman began her Budget 2023-24 speech with declaring it the "first budget of Amrit Kaal" — using a term coined by PM Narendra Modi's government to define a brighter future as India completed 75 years of Independence.
"Our vision for the 'Amrit Kaal' includes a technology-driven and knowledge-based economy, with strong public finances and a robust financial sector. To achieve this 'jan-bhaagidari' (public participation) through 'sabka saath, sabka prayaas' (efforts by all)Â is essential," she said.
For the coming fiscal year, she enumerated seven priorities: "Inclusive development, reaching the last mile, agriculture and investment, unleashing potential, green growth, youth power, and the financial sector."
Claiming that the world has "recognised India as a bright star", she said economic growth for the current year (2022-23) is "estimated at 7 per cent... is the highest among all major economies", she further said.
WATCH LIVE: Finance Minister Nirmala Sitharaman presents the Union Budget #BudgetWithNDTV https://t.co/yCj8GHUoWM
February 1, 2023"India's rising global profile is because of several accomplishments," she said, citing digital infrastructure such as Aadhaar, Cowin and UPI.
She listed free rations given to the poor during the Covid pandemic among key successes of the BJP-led NDA government: "The government ensured no one went to bed hungry." Her list also included Jan Dhan bank accounts and coronavirus vaccinations.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.