Sunday, May 19, 2024
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Union Budget 2023

In her Union Budget 2023 presentation, Finance Minister Nirmala Sitharaman claimed that the government would provide an exemption on capital goods and machinery needed for producing lithium-ion batteries for electric vehicles EVs

From amending 42 central laws to making the Permanent Account Number (PAN) a common identifier, the finance minister (FM) announced a series of measures in the parliament on February 1, 2023

In Budget 2023, the education sector saw a hike of around 8 per cent, with an allocation of Rs 1.12 lakh crore against the Rs 1.04 lakh crore allocated last time

The government is planning to provide a boost to the pharmaceutical industry by focusing on research and innovation via a public-private partnership (PPP) model

Before the budget, some of the founders (especially from the edtech sector) expected some revisions to the start-up ecosystem

The announcement is expected to bring some joy among the agritech founders, who hoped for sustainable development and digitalisition from the budget