Union Budget

Framework to implement Vivad Se Vishwas-I

February 8, 2023

During COVID, the GoI had collected a forfeited amount. Forfeited means the loss of something. When someone fails to pay the money he owes, forfeiture occurs. GoI collected forfeited amounts (something like a fine) from companies that failed to oblige ..

Month: 

Category: 

Allocation Doubled under FAME-2 scheme

February 3, 2023

FAME is the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles. It was launched in 2015 to increase the sale of electric vehicles in the country. The scheme was launched under the National Electric Mobility Mission. During the Union ..

Month: 

Category: 

National Digital Library

February 2, 2023

According to the National Statistical Commission, the literacy rate in India is 73%. However, the financial literacy rate is very less, around 24%. Compared to the other emerging economies of the world, the financial literacy rate of India is very ..

Month: 

Category: 

PAN to be used as common identifier

February 2, 2023

PAN is a Permanent Account Number issued by the Income Tax Department of India. It is a ten-digit alphanumeric number. During the Union Budget 2023, Finance Minister Smt Nirmala Sitaraman announced that GoI is to use PAN as a universal ..

Month: 

Category: 

Amendments in enhance business at GIFT City

February 2, 2023

The GIFT city, Gujarat International Finance Tech City is under construction. It is the first greenfield smart city in India. Today, the city is one of the major international IT and finance hubs. To boost its development, Finance Minister Smt ..

Month: 

Category:  •

Atmanirbhar Horticulture Clean Plant Programme

February 1, 2023

The Indian horticulture sector contributes 33% of the GVA of the country. The industry is labor intensive and therefore, a small push will increase employment opportunities exponentially. Today, only 10% of the Indian land is under horticultural use. But it ..

Month: 

Category:  •

MISHTI Scheme for Mangrove plantations

February 1, 2023

The Mangroves cover 0.15% of the total Indian Geographical area. This is around 4,975 square kilometers. The state of West Bengal alone has 42.45% of India’s mangroves. Indian mangroves are facing limitations such as an increase in salinity, lack of ..

Month: 

Category:  • •

Union Budget 2023-24 Highlights

February 1, 2023

The Finance Minister Smt Nirmala Sitaraman presented the Union Budget 2023-24. The budget was presented based on seven priorities namely Inclusive development, Infrastructure and Investment, youth power, unleashing the potential, green growth, financial sector, and reaching the last mile. It ..

Month: 

Category: