#Bhagwat Karad

[babatax]

FM Sitharaman interacts with start-up and fintech ecosystem stakeholders

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chaired a meeting with Start-up and FinTech Ecosystem Entities, in New Delhi, on February 26, 2024. The meeting was also attended by Union Minister of State for FinanceDr Bhagwat Kishanrao Karad; Dr Vivek Joshi, Secretary, Department of Financial Services (DFS); Shri Rajesh Kumar Singh, Secretary, Department for Promotion of…

[ambitiousbaba]

The value of UPI transactions grew to 139 lakh crore in 2022-23

The value of UPI transactions grew to 139 lakh crore in 2022-23 As per the written reply of union minister state for finance Dr. BHAGWAT KARAD in Lok sabha the number of UPI transactions has reached 8357 crore in FY 2022-23 from 92 crores in FY 2017-18 and the Compound Annual Growth Rate (CAGR) stood at 147% in terms of volume. In the same manner, the value of financial transactions through UPI…

[vuthanews]

Sambhajinagar News | Union Minister of State for Finance Dr Bhagwat Karad accused Chandrakant Khaire said this big thing

[anuragbatra]

Anurag batra - A Clear Road Map To Growth

In this special issue we carry excerpts of my conversation with the Union Minister of State for Finance, Bhagwat Karad, who shares his perspective of what and who the budget kept in mind, and what it strives to achieve. We also bring in voices from industry who talk of how the budgetary measures will play out through the year and beyond.

The government’s push for green energy and clean mobility systems opens up limitless possibilities for India. As an organisation committed to sustainability, we believe that the clean mobility initiatives and blended fuels will play a significant role in achieving decarbonisation goals and in reducing the dependence on fossil fuels. One of the biggest challenges for the EV ecosystem has been battery charging stations. The proposed battery-swapping policy will help create standards of interoperability, thereby making EVs more accessible and affordable. The PM’s Gati Shakti Initiative of expanding the national highway network by 25,000 km augurs well for the auto sector. We hope the outlay for the rural economy will improve the sentiments of the people and prove a catalyst for increasing the demand for vehicles. In this special issue we carry excerpts of my conversation with the Union Minister of State for Finance, Bhagwat Karad, who shares his perspective of what and who the budget kept in mind, and what it strives to achieve. We also bring in voices from industry who talk of how the budgetary measures will play out through the year and beyond. The Union Budget has provided a clear roadmap to how the Modi government intends to put the India growth story on the fast lane. It has clearly signalled restoration of fiscal consolidation. From a peak of 9.2 per cent of GDP in 2020-21, the fiscal deficit has been reduced to 6.9 per cent in 2021-22. It is budgeted to be further reduced to 6.4 per cent in FY 2023. In its medium-term fiscal policy-cum-strategy statement, the budget projects a fiscal deficit target of 4.5 per cent by 2025-26. Once achieved, it would indeed send out a positive signal to potential global investors. The budget also provides a tangible shift in favour of expanding capital expenditure. While the total expenditure is budgeted to grow by 4.6 per cent in FY 2023, capital expenditure growth is pegged at 24.5 per cent. This is a welcome change. And within the capital expenditure outlay, a clear preference for non-defence outlay will most certainly have a higher multiplier effect going forward. For the salaried class, there are no cheers. However, there are several significant positives that have attracted widespread appreciation from India Inc, such as the provision for a concessional corporate tax rate of 15 per cent applicable on newly incorporated domestic manufacturing companies. A taxation regime for digital assets along with the intention to introduce a digital rupee based on blockchain, are welcome initiatives too. On the downside, the much-talked about privatisation drive seems to have lost steam, indicative in the significantly reduced projections of receipts from disinvestment for not only FY 2021-22 but also for FY 2022-23. All in all though, this is a budget focussed on growth.

Read More : https://www.businessworld.in/author/BW-Reporters/Anurag-Batra-82749/

About Author : 

Dr. Anurag Batra

The author is the Chairman & Editor-in-Chief of the BW Businessworld Group and the Founder & Editor-in-Chief of the exchange4media Group

[bharatlivenewsmedia]

Bhagwat Karad On ED Arrests Sanjay Raut | संजय राऊत यांच्या कारवाईमध्ये भाजपचा संबंध नाही

Bhagwat Karad On ED Arrests Sanjay Raut | संजय राऊत यांच्या कारवाईमध्ये भाजपचा संबंध नाही

Bhagwat Karad On ED Arrests Sanjay Raut | संजय राऊत यांच्या कारवाईमध्ये भाजपचा संबंध नाही केंन्द्रात सुध्दा आमचे सरकार आहे त्यामुळे विकास आता होईल. शिवसेनेचे आरोप चुकीचे आहेत. मी त्याचे खंडण करतो. आजच मला समजले ईडी एक स्वतंत्र यंत्रणा आहे. संजय राऊत यांनी काही केल नसेल तर त्यांना घाबरायचं कारण नाही. शिवसेनेचे कोणी नेते आरोप करत आहेत तर ते चुकीच आहे. तास तपासणी नंतर संजय राउत यांना अटक झाली आहे.…

[aksarnews]

finance: Nirmala Sitharaman to chair meeting of GST Council today - Times of India

finance: Nirmala Sitharaman to chair meeting of GST Council today – Times of India

NEW DELHI: Union finance minister Nirmala Sitharaman will chair the 46th meeting of the GST Council in New Delhi today. Union Ministers of State in the Ministry of Finance, Pankaj Chaudhary and Dr Bhagwat Kishanrao Karad will also attend the meeting. “FM Smt @nsitharaman will chair the 46th meeting of the GST Council in New Delhi, tomorrow. The meeting will be attended by MoS for Finance…

[doonitedin]

'Doctor at heart, always', PM Modi lauds gesture by MoS Finance for helping passenger onboard IndiGo flight

‘Doctor at heart, always’, PM Modi lauds gesture by MoS Finance for helping passenger onboard IndiGo flight

Image Source : @AMITCHAVAN85 Our heartfelt gratitude and sincere appreciation towards MoS, IndiGo tweeted. Prime Minister Narendra Modi on Tuesday applauded a gesture by his colleague Union Minister of State for Finance, Dr Bhagwat Karad for helping a fellow passenger, who complained of giddiness, onboard an Indigo flight. Taking to Twitter, PM Modi wrote, “A doctor at heart, always! Great…

[filternewsofficial]

From lawyers to doctors, PM Modi's new cabinet is a mix of professionals

From lawyers to doctors, PM Modi’s new cabinet is a mix of professionals

Apart from addressing regional and community aspirations, the focus it seems has been on bringing in highly qualified members and those with experience of administration in states in an effort to reboot the government midway in its term. Ashwini Vaishnaw, a Rajya Sabha MP for Odisha, is a former IAS officer of the 1994 batch. The 50-year-old also has an MBA from Wharton School, Pennysylvania…

[bestitmagazine]

Technology News

Technology News the Government has discovered a way different approaches to work with cutting edge banking, doorstep banking organizations and mechanized crediting stages. This was communicated by Union Minister of State for Finance Dr Bhagwat Kisanrao Karad in a made response to a request in Rajya Sabha today. Key Highlights of the Minister enunciations. Commencement of cutting edge advancing has been made contactless through PSBloansin59 minutes.com, using triangulation of credit authority, yearly appraisal and work and items charge (GST) data, to give online on a basic level underwriting to MSME propels. Online bill restricting for MSMES has been engaged on a merciless reason through Public Sector Banks (PSBs) onboarding onto the Trade Receivables Discounting System (TReDS) stage and the degree of online restricted bills has grown rapidly. Visit on varindia site to know more about it https://www.varindia.com/

[theindianewstoday-blog]

Maharashtra: बीजेपी सांसद के बेटे ने की कार्यकर्ता की पिटाई, वीडियो वायरल

https://theindianewstoday.com/maharashtra-%e0%a4%ac%e0%a5%80%e0%a4%9c%e0%a5%87%e0%a4%aa%e0%a5%80-%e0%a4%b8%e0%a4%be%e0%a4%82%e0%a4%b8%e0%a4%a6-%e0%a4%95%e0%a5%87-%e0%a4%ac%e0%a5%87%e0%a4%9f%e0%a5%87-%e0%a4%a8%e0%a5%87-%e0%a4%95/ Maharashtra: बीजेपी सांसद के बेटे ने की कार्यकर्ता की पिटाई, वीडियो वायरल

[aviralmalik]

वरिष्ठ भाजपा नेता एवं पूर्व केंद्रीय कानून मंत्री, भारत सरकार व लोकप्रिय सांसद तथा देश के वरिष्ठ वकील आदरणीय रविशंकर प्रसाद जी से मुलाक़ात कर भाजपा नेता एवं केसरिया रक्षा फाउंडेशन के राष्ट्रीय अध्यक्ष अविरल मलिक ने सामाजिक विषयों पर चर्चा की| Ravi Shankar Prasad

Narendra Modi Rajnath Singh Bharatiya Janata Party (BJP) Smriti Zubin Irani Nirmala Sitharaman Dr S. Jaishankar Dr. Subramanian Swamy Dr. Virendra Kumar Dr. Satyapal Singh Dr. Bhagwat Karad Dr. Sambit Patra Dr. Sukanta Majumdar Dr. Narottam Mishra Dr. Swami Sakshi Ji Maharaj Dr Sanjeev Balyan Dr Jitendra Singh Dr Ramshankar Katheria Dr Shrikant Eknath Shinde Dreamgirl Hema Malini Dr.Ramesh Pokhriyal Nishank Dr. Harsh Vardhan Dr Nishikant Dubey Dr. Pramod Sawant Dr. Mahesh Sharma Charu Pragya

[legalupanishad]

Budget 2023-24: Highlights and Analysis

This article on 'Budget 2023-24: Highlights' was written by Deeksha Kushwaha, an intern at Legal Upanishad.

Introduction

The finance minister of India, Nirmala Sitaraman has announced the union budget for the financial year 2023-2024. It has been announced on 1 February 2023. It has been in the highlights due to it being the last budget of the current government, led by Priminister Narendra Modi, before the general election which has been held in 2024. Before the general election, the state election will be held in nine states. The Economic Survey report has shown that after covid-19, economic growth resurrection has been done. In this article, we are going to present important highlights of the budgets. And will discuss how it is beneficial for general people.

What is Budget?

A budget is a plan based on earnings and expenses. In simple words, a Budget is an assumption of expenditure for a month or a year, in which it can be assumed how much amount will be earned and how much will be expend. Creating a detailed list of spending or focusing on specific categories can be part of budgeting. Some users love to handwrite their budgets, while others utilize a chart or budgeting app. There is no right or wrong way to budget; what tends to work for one person may not work for the other. When talking about a country or state’s budget in India, it's called the union budget. And our finance minister has announced the union budget for 2023-2024.

Budget 2023-24: Highlights

Budget Highlights

- Saptarishi — seven priorities — of the Union Budget 2023, according to FM Nirmala Sitharaman: inclusionary progress, achieving the very last short distance, youngsters' ability, finance system, green economy, unleashing potential, and infrastructural facilities and investment. - Sitharaman announced plans to build digital public infrastructure, establish an agricultural production accelerator fund, make India the concept that emphasizes millet, and increase farmer storage capacity in the agricultural production and cooperatives sectors. - The government has also prioritised the health service, with the minister of finance declaring the establishment of 157 new nursing colleges, the release of the sickle-cell disease anemia elimination mission, and a programme to promote pharmaceutical research. - The Modi Government Sarkar has made the decision to revamp teacher training through district institutes and to establish a Digital Economy Reading room for adolescents and children in the schooling and skilling sector. - In positive news for travelers, India will build 50 new airports to improve regional connectivity. Sitharaman also declared the greatest possible railway outlay — Rs 2.40 lakh crore, a 9-fold increase over FY-14. - The PAN will be utilized as a common identification for all Advanced Analytics solutions of prescribed government agencies for business establishments that are required to have a Permanent Account Number. - MSME aid will also be maintained. The government has injected Rs 9,000 billion into the corpus and reduced credit costs. - An Instant Money Transfer under a pan-India national apprenticeship programme will be implemented to help 47 lakh youths in three years. - The government has raised capital investment expenditure by 33.4 percent to Rs 10 lacs, which is a significant increase. It has also decided to extend the interest-free loan to provincial governments for another 50 years and to build urban infrastructure in Tier 2 and Tier 3 cities. - To offset losses caused by the Covid-19 pandemic, Sitharaman revealed the highest-ever capital outlay for Railways of Rs 2.4 lakh crore — nine times more than in FY-14. - With the elderly in mind, the government has increased the maximum deposit limit for the savings plan from Rs 15 lakh to Rs 30 lakh. - Previously in the day, Nirmala Sitharaman, Dr. Bhagwat Kishanrao Karad, Shri Pankaj Chaudhary, and senior Finance Ministry officials met with President Droupadi Murmu at Rashtrapati Bhavan prior to actually presenting the Union Budget 2023-24. - Nirmala Sitharaman, Finance Minister, is the 6th minister in the post-independence era to present 5 successive budget allocations, joining a select group that includes Manmohan Singh, Arun Jaitley, and P Chidambaram. Under Sitharaman's leadership, India has survived the Covid-19 disease outbreak with a slew of policy measures aimed at the poor, maintaining its status as the fastest in the world's major economy and a "bright spot" in the global economy. - The Finance Ministry's annual Economic Survey, released on Tuesday, forecasts that the economy will grow 6-6.8 per cent year on the year next fiscal year, down from 7 percent this year, while warning about the impact of the global slowdown on exports. "India's growth outlook appears nicer than in the or before years, as well as the Indian economy is ready to expand at its possibility in the medium term," according to the report. - The World Bank (IMF) forecasts India's economy will grow by 6.1% in 2023-4, down from 6.8% this fiscal year. India, like other economies, is vulnerable to the global slowdown. Inflation remains a concern, as higher global fuel and commodity prices threaten to slow economic growth. - Since May 2022, the Indian Reserve Bank has brought up its reference policy rate by 225 percentage points to tame retail inflation, which has risen to more than 7% due to an increase in prices for food and energy going to follow the Russia-Ukraine war. - According to party leaders, the BJP will launch a 12-day mass movement on Wednesday to raise awareness of the "pro-people" planning of activities in the Union Budget. The campaign, which also will initiate the day the spending plan is presented in Parliament and end on February 12, would be organised by senior BJP leader Sushil Modi.

Suggestions

According to the previous year's data, the economic growth has been satisfied for this year. The only thing that the general monetary looks forward to when it comes to the budget is indeed the income tax credit. In this matter, the budget gives them relaxation in comparison to the previous year. Also in my opinion when another country has been facing a financial crisis in this situation India did better.

Conclusion

The finance minister stated in Parliament's final full budget before the 2024 Assembly Polls that the country's economy has risen from 10th to 5th in the world, with per income per capita nearly doubled. Since taking office in 2014, Pm Narendra Modi has increased capital spending, as well as on roadways and energy, while enticing investors with reduced taxes and labour reforms, as well as trying to offer tax incentives to poor households to secure their political support. In this regard, the budget provides them with relief in comparison to the past year. In my opinion, when another country faced an economic meltdown in this situation, India fared better.

References

- Union budget, Government of India, Available at: https://www.indiabudget.gov.in/doc/OutcomeBudgetE2023_2024.pdf. - TOI,  Union Budget 2023-24 Highlights, (2023), Available at: https://www.thehindu.com/business/budget/budget-2023-24-highlights-income-tax-rebate-limit-increased-to-7-lakh-crore-railways-accorded-highest-ever-capital-outlay/article66457890.ece. Read the full article

[new-haryanvi-ragni]

FM Sitharaman Meets President Murmu Ahead of Union Budget 2023 Presentation

“Union Minister of Finance and Corporate Affairs Nirmala Sitharaman, MoS Dr Bhagwat Kishanrao Karad, MoS Pankaj Chaudhary and senior officials of the Ministry of Finance called on President Droupadi Murmu at Rashtrapati Bhavan,” the President of India tweeted. source https://zeenews.india.com/economy/fm-sitharaman-meets-president-murmu-ahead-of-union-budget-2023-presentation-2568084.html

[gbwhtspro]

FM Sitharaman meets President Murmu ahead of Union budget presentation

New Delhi: Ahead of tabling of the Union budget 2023 in Parliament on Tuesday, Finance Minister Nirmala Sitharaman along with ministers of state Pankaj Chaudhary and Bhagwat Karad and Finance Secretary T V Somanathan called on President Droupadi Murmu. As per established tradition, the Finance Minister met the President at the Rashtrapati Bhawan before heading to Parliament to present the Union…

[publictaknews]

Sitharaman will meet the President shortly before the budget, cabinet meeting at 10 am

The countdown to the Union Budget 2023 being presented in Parliament has finally begun. Finance Minister Nirmala Sitharaman has reached the Finance Ministry before the presentation of the budget. Sitharaman will meet President Draupadi Murmu at 9 am along with Ministers of State Pankaj Chowdhary and Bhagwat Karad and Finance Secretary. Later, Prime Minister Narendra Modi will chair the cabinet…