Taking both direct and indirect taxes, the gross collection is expected to grow 10.45 per cent to Rs 33.61 trillion in 2023-2024.
For five consecutive policy reviews in 2023, the Reserve Bank of India (RBI) chose to hold rates, citing inflation threat. And when the prices did cool off a bit, it reminded all about the target to get the headline consumer price inflation at 4 per cent and the risks from food inflation. Heading into the new year, all eyes are on when RBI will cut the rates, especially after one of the Monetary Policy Committee (MPC) members stressed on the need for such an action in the face of the US Federal Reserve's guidance for easing rates.
By setting a single spectrum-release deadline for all bidders, the finance ministry aims to ensure a level playing field for all operators.
'Das is friendly, but he finally does what he does. The quality of engagement is very good.'
A rare glimpse of Samant Kumar Goel, who heads the Research and Analysis Wing, India's external intelligence agency as he attends a meeting at the home ministry at North Block in New Delhi on Tuesday, December 6, 2022.
The Centre sent a reminder to West Bengal Chief Secretary Alapan Bandyopadhyay who 'retired' on Monday to report to the Personnel Ministry in Delhi at 10 am on Tuesday, failing which disciplinary action would be initiated against him, officials said.
The minister then visited the residence of Shah where he closeted for about half an hour.
Pre-Budget excercise next month should scrupulously avoid adventurism of all types and refrain from making excessively ambitious projections on revenue and expenditure numbers for 2023-24, suggests A K Bhattacharya.
Other ministers who have presented five straight annual financial statements include Arun Jaitley, P Chidambaram, Yashwant Sinha, Manmohan Singh and Morarji Desai.
Despite the national capital recording its best air quality on Diwali day in eight years, pollution levels may rise due to low night temperatures and sporadic burning of firecrackers though there is a ban on their manufacture, storage, sale and use within the city.
Rains failed to dampen the spirit of Beating Retreat ceremony held at the historic Vijay Chowk in New Delhi on Sunday as Indian classical tunes played by bands of the armed forces filled the air, marking the end of Republic Day celebrations.
The guild, in a statement, said it has no dispute with the ministry that journalists should behave with restraint and responsibility while enjoying their access to the finance ministry, but a blanket order is not the answer.
Ahead of the Budget, the government has achieved almost half the divestment target of Rs 65,000 crore. FY23 divestment receipts are unlikely to be anywhere close to the budgeted target.
The ceremony will begin with the massed band's "Agniveer" tune which will be followed by the enthralling tunes like "Almora", "Kedar Nath", "Sangam Dur", "Queen of Satpura", "Bhagirathi", "Konkan Sundari" by pipes and drums band, the defence ministry statement said.
The BJP on Thursday alleged that the opposition parties have decided to boycott the inauguration of the new Parliament building by Prime Minister Narendra Modi just because it has been built at his initiative.
A clarification issued by the office of Finance Minister Nirmala Sitharaman said that a procedure has been put in place for "streamlining and facilitating" the entry of media persons inside the ministry of finance and "no ban is in place" on the entry of media persons in the ministry.
Somaiya alleged Sena workers attacked him with stones, bottles and chappals.
The RBI's mistake may have been in interpreting its mandate to maintain retail inflation at 4%, with 2% leeway in either direction, as being a mandate that permitted it to do nothing even when inflation was at or near the upper bound of 6%, observes T N Ninan.
Citizens belonging to different religions and denominations follow different property and matrimonial laws which is 'an affront to the nation's unity', the Centre had said last year in its affidavit in the Supreme Court on the Uniform Civil Code matter.
'I'm pitching India for the strengths we offer, including the English language, engineers, doctors, nurses, professionals, innovative talent of startups.'
The old Parliament building, an architectural splendour and a historic landmark that guided the destiny of India for nearly a century and whose illustrious legacy will now be consigned to the pages of history, was inaugurated on January 18, 1927 by the then Viceroy Lord Irwin.
The meeting came after terrorists carried out a series of targeted killings in the Kashmir Valley that include non-Muslims, security personnel, an artist and local civilians.
'Can they (the Union government) provide security to every tribal in the valley? This is impossible now.'
Pakistan still has to acquire the patience you need in a democracy. The patience to accept that even if I do not like the government I have, I must wait till the next election to change it, explains Shekhar Gupta.
Opposition leaders and activists have accused the government of distorting the national emblem by replacing the 'graceful and regally confident' Ashokan lions with those having menacing and aggressive posture, and sought immediate change.
The Centre has asked him to join North Block on Tuesday but it cannot force an officer to join it without the permission of the state administration, Banerjee told a press conference.
The Centre has informed the Supreme Court that the North and South blocks, which cover nearly 27 acres housing government offices in national capital, are proposed to be converted into national museums.
The 'halwa ceremony' marks the beginning of the lockdown of several officials in the finance ministry, who remain cut off from their families until the presentation of the Budget by the finance minister in the Lok Sabha.
Coming Wednesday, Finance Minister (FM) Nirmala Sitharaman will present the 2023 Union Budget - the last full Budget ahead of the 2024 Lok Sabha elections. While India exited 2022 as a relatively bright spot in the global economy, the FM will endeavour to present a Budget that insulates India's economy against global headwinds and recession in advanced economies, while sticking to the path of fiscal consolidation. In this, she is being helped by her core team of trusted advisors.
During his first Union Budget in July 2014, former finance minister Arun Jaitley announced the setting up of an institution called 3P India, with an allocation of Rs 500 crore. The intention was to mainstream public-private partnerships (PPPs) in India. The plan was to bring together the capacities of the government and private sector to push PPP projects.
Tarun Bajaj, an old hand at the finance ministry, on Friday assumed charge as the economic affairs secretary. He comes back to North Block at a time when the economy is facing headwinds due to the outbreak of Covid-19 pandemic.
As India observes state mourning on Sunday over Queen Elizabeth II's death, many people questioned the decision after the government's attempts to remove 'symbols of slavery' by rechristening Rajpath and unveiling a new naval ensign drawing inspiration from Chhatrapati Shivaji.
From witnessing the dawn of Independence to playing host to annual Republic Day celebrations for over seven decades, the historic Rajpath in India's power capital has seen the colonial rule and basked in the glory of a free, democratic nation.
875 LED lights, which will change colour every few seconds, have been placed on the facade of the Parliament House. These are power efficient and uses only one-fifth of the electricity compared to other types of lights.
In this round, the market has won. But it is still for Gautam Adani to decide whether he has lost or not, argues Shekhar Gupta.
Uttam Ghosh offers his take on Union Minister Anurag Thakur's incendiary slogan.
"I have not come to discuss about the NRC in West Bengal, I have come to discuss about the NRC in Assam," Banerjee said after the meeting.
Ahead of a crucial meeting on Jammu and Kashmir, National Security Advisor Ajit Doval on Thursday met Union Home Minister Amit Shah and is believed to have discussed the security situation in the Union territory which has witnessed a spate of targeted killings since May 12.
