The Picture of Health: Modi Govt’s Med Expenditure Up, Common Man’s Down, Shows Economic Survey | Read The share of government’s expenditure on health has increased by more than 10% in the past five years till financial year 2019, the economic survey released on Tuesday said. READ MORE Economic Survey 2022-23: Real GDP Growth Expected to Grow 6-6. 8% According to the Economic Survey 2022-23, India’s real GDP growth is expected to grow at 6-6. 8 per cent during the next financial year 2023-24. It added that on a baseline scenario, the country’s economy is likely to grow 6. 5 per cent in 2023-24, compared with 7 per cent in the current financial year 2022-23, 8. 7 per cent in 2021-22. “The Indian economy is well placed to grow faster in the coming decade. ” Budget 2023 LIVE News Updates: More Home Loan Tax Initiatives Expected There are expectations around an increase in tax exemptions on home loan principal and interest payments in this year’s budget. Budget 2023 LIVE Updates: What Income Tax Announcements are Expected This year, analysts are expecting an increase in the income tax exemption limit, apart from higher deduction limits. READ MORE Budget 2023 Expectations: Fintech Startups Optimistic “Fintech startups remain optimistic about the Budget 2023 with the hope that it will further accelerate the growth trajectory of the fintech industry through the reduction of the financial burden on startups. ” — Sumit Chhazed, CEO and co-founder of digital commerce platform and two-wheeler financer OTO Budget 2023 Expectations Highlights: Budget Expected to Ease Financial Burden for Fintech Startups Brijesh Samantaray, co-founder of Propelld, said, “Fintech is no longer considered a trend. The industry has now become one of the fastest-growing segments in technology and transformed the way how financial services are fostered. The Budget 2023 is expected to ease financial burden for start-ups in fintech industry. The government should implement policies that would promote collaboration between banks and loan providers to assist customers in getting loans in an accessible manner whether for personal or business purposes. ” 2023 Budget Highlights: Fintech Sector Expectations In the Budget 2023, the fintech industry expects the government to introduce regulatory changes that would create an easy line of access for start-ups and MSMEs to secure credit from online lending players. Budget 2023 LIVE News Updates: Last Full Budget before 2024 Polls Finance Minister Nirmala Sitharaman today will present the Union Budget 2022-23, which is the last full Budget before the country goes for general polls in 2024. Budget 2023 Live: Focus on Electric Vehicles And Alternate Fuels As India recently leapfrogged Japan to become the world’s third-largest automotive market in terms of sales and reached the mark of 1 million Electric vehicles being registered in 2022, the automotive industry is privy to unparalleled growth and transformation, with EV penetration across vehicle categories expected to further improve exponentially. The Government has implemented Faster Adoption and Manufacturing of Hybrid & Electric Vehicles in India (FAME-II, 2019) to encourage the adoption of EVs through subsidies (with a budget of Rs 10,000 crores). Budget 2023: Boost to manufacturing sector Union Budget 2023 LIVE Updates: BJP Forms Committee to Take Info on Budget Benefits to People Across Country Ahead of the central government introducing its last complete budget tomorrow, BJP high command has formed a committee to take the benefits of the budget among the public and take their feedback. Union Budget 2023 LIVE Updates: Union Cabinet meeting to be held Union Cabinet meeting to be held tomorrow before the commencement of Budget proceedings in the Parliament Union Budget 2023 LIVE Updates: Industry bodies hopeful of Indirect Tax rationalisation Ahead of the presentation of the Union Budget 2023-24 by Finance Minister Nirmala Sitharaman on February 1, industry bodies and the corporate sector expect more tax reforms, especially rationalisation of indirect taxes. Budget 2023 LIVE Updates: What Is Union Budget? Who Prepares It? All FAQs Answered India will see the revealing of its annual budget tomorrow with hopes of new initiatives for the overall growth of the country. Different sectors of the economy and the common people will eagerly wait to see if their wishlist finds a mention in the Budget 2023 speech of FM Nirmala Sitharaman. READ HERE Union Budget 2023 LIVE Updates: Budget likely to focus on increasing number of medical colleges, PMJAY coverage In the upcoming Union Budget 2023-24, the focus is expected to be on increasing the number of nursing and medical colleges, introducing HPV vaccine in the National Immunisation Program and enhancement of Pradhanmantri Jan Arogya Yojana (PMJAY) coverage, news agency PTI reported citing sources. Budget 2023: What Are Section 80C, 80D of Income Tax Act? Finance Minister Nirmala Sitharaman will present the Union Budget 2023 on Wednesday, February 1. The anticipation of relief in personal taxation is inevitable. The Income-Tax Act, 1961 provides numerous deductions for individuals. However, the current limits of these deductions are quite low compared to the increased cost of living over the years. As of now, 80C and 80D are the two significant sections in the Income Tax Act that help taxpayers save some tax. KNOW MORE Union Budget 2023: FM Nirmala Sitharaman to Present Budget 2023 Today; Here's Who Expects What Finance Minister Nirmala Sitharaman on Wednesday, February 1, is going to present the Union Budget 2022-23 , which is the last full Budget before the country goes for general polls in 2024. Sitharaman’s Budget Speech, which is going to be her fifth one, will be keenly watched even as individuals and various sectors expect favourable measures. Here are Budget expectations from various sectors. READ MORE Budget 2023 LIVE Updates: Here Are 5 Expected Income Tax Announcements The Union Budget 2023-24 is going to be presented on Wednesday, February 1, and people are waiting to get to know the announcements on the income tax rates and slabs. Currently, analysts are expecting an increase in the income tax exemption limit, apart from higher deduction limits. READ HERE Budget 2023: Big Announcement on Crypto Expected Today? The Economic Survey document for 2022-23 said cryptocurrencies have no intrinsic cashflows to them and the latest collapse of the crypto exchange FTX exposes the vulnerabilities in such investments. “The recent collapse of the crypto exchange FTX and the ensuing sell-off in the crypto markets have placed a spotlight on the vulnerabilities in the crypto ecosystem,” the survey said. Budget 2023: GST Collections In January At Rs 1. 56 Lakh Crore; 2nd-Highest Ever Ahead of the Union Budget 2023, the gross GST collection for January 2023 were announced. The collection stood at Rs 1. 56 lakh crore, according to an official statement released on Tuesday. This is the second-highest-ever mop-up next only to the collection reported in April 2022, indicating an uptick in economic activity and increased tax compliance. READ HERE.