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Monday Feb 06, 2023

Union Budget 2023 | Union Finance Minister Nirmala Sitharaman reached the Parliament, all eyes on the fourth day of the budget session


Nirmala Sitharaman's big announcement in Budget 2022, 400 new Vande Bharat trains will be started

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New Delhi : Today is the fourth day of the Union Budget session in Parliament. For which Union Finance Minister Nirmala Sitharaman has reached Parliament. The Finance Minister will inform all BJP MPs about the budget in Parliament. During this, all Rajya Sabha and Lok Sabha MPs are expected to be present.

Union Minister Piyush Goyal, Kiren Rijiju along with BJP MPs Sukant Mazumdar and Sushil Modi have also reached Parliament. Let us inform that the proceedings of Lok Sabha and Rajya Sabha will start at 11 am. So today once again there are chances of uproar in both the Houses on the Adani case.

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Significantly, according to the report of Ani, Congress MP Manish Tewari has given Adjournment Motion Notice in Lok Sabha to discuss the border situation with China. Explain that Congress MP Pramod Tiwari also gave suspension of business notice under rule 267 in Rajya Sabha to discuss the “issue of fraud in investments by LIC, SBI, public sector banks and other financial institutions that have lost market value”.

Also DMK’s Rajya Sabha MP Tiruchi Siva gave suspension of business notice under Rule 267 to discuss “adverse impact of business activities of Adani Group on India economically and morally”. However, all eyes are now on the fourth day of the budget session.



Union Budget 2023 | What is cheap, what is expensive? Finance Minister’s announcement on gold, silver, electric car, TV, mobile…


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Delhi: The budget session has started and today Finance Minister Nirmala Sitharaman presented the budget for the financial year 2023-24 (Union Budget 2023). In view of the global recession, many companies have started laying off as a precautionary measure. Meanwhile, Finance Minister Sitharaman has increased and reduced tax on goods. Let us know what will be cheap and expensive…

What happened expensive…

  • A country kitchen chimney is expensive.
  • Gold, silver, platinum coming from abroad is expensive.
  • Cigarettes are expensive. Emergency tax on cigarettes has now been increased by 16 percent.

What happened cheap…

  • Some mobile phones, camera lenses have become cheaper.
  • Electric vehicles have become cheaper.
  • Things related to LED TV, biogas have become cheaper.
  • Toys, cycles, vehicles will become cheaper.

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Customs duty rate 13%

Basic customs duty rates on non-agriculture and textile items have been reduced from 21% to 13%. Minor changes have been made in basic customs duty, cess and surcharge on certain items including toys, cycles, vehicles. Custom duty on cigarettes has been increased.



Union Budget 2023 | The finance minister repeated these words so many times in the 87-minute speech of the budget, what are the words, read the details


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Delhi: Union Finance Minister Nirmala Sitharaman presented the last budget of the Modi government (Union Budget 2023) in the Lok Sabha. Union Finance Minister Nirmala Sitharaman has made big announcements regarding the development of infrastructure in the country, expansion of railways, development of farmers, tribals, women and agriculture sectors. Employees with an income limit of Rs 7 lakh have been exempted from income tax and many big announcements have been made for the environment. Union Finance Minister Nirmala Sitharaman has repeated many words in her 87-minute budget speech. Nirmala Sitharaman repeatedly mentioned words like planning, economy, customs, youth power, tax, development, state, finance, agriculture and green revolution in her speech.

what words how many times

Finance Minister Nirmala Sitharaman in her 87-minute speech mentioned Tax-51, Development-28, State-27, Finance-25, Agriculture-25, Housing-24, Planning-22, Economy-21, Customs-20, did. Bank – 18, Digital – 17, Credit – 17, Green – 16 and the word product is mentioned 13 times. Apart from this, Sitharaman also mentioned several times about the National Data Governor Policy, KYC process and terms of development. In last year’s budget speech, Nirmala Sitharaman mentioned the words digital, online, finance, economy, education and health the most.

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Finance Minister’s saree and speech are most talked about

While presenting the last budget of the Modi government, Finance Minister Nirmala Sitharaman wore a red saree like a book. Due to this, Nirmala Sitharaman stood out among the crowd of fellow ministers and officials. Moreover, he announced the plans in clear and concise words at every point in his 87-minute speech. Because of this, along with her style of speaking, her dress has also been in the news a lot on social media.



Union Budget 2023 | Ten important things of Finance Minister Nirmala Sitharaman’s speech, read full news


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Mumbai: Union Finance Minister Nirmala Sitharaman is presenting the budget in the Lok Sabha. Many economists have said that since this is the last budget of his tenure (Union Budget 2023), big announcements have been made so far. Many announcements have been made so far in the interest of the general public and farmers of the country. Along with this, he has also told in his speech that how the central government helped during the Corona period, as well as through which scheme people were given corona supplements.

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Announcements made so far

  1. The government will focus on setting up Skilled Youth Centers for the youth of the country and will also announce the launch of 30 Skilled India Centers for students who dream of working abroad.
  2. 2 lakh crore loan has been announced under Pradhan Mantri Kaushal Vikas Yojana
  3. SEBI will be strengthened. Whereas, SEBI can award degree, diploma and certificate. This will be done for public participation in the financial markets.
  4. The official portal of the tax receives 72 lakh applications daily, out of which we have reduced the refund process to 16 days. It will be further improved.
  5. Announcement of giving loan of 9000 crores to industries from 1 April 2023.
  6. In this year’s budget, Rs 2.40 lakh crore has been given for the railways. This amount is 9 times more than the budgetary allocation given in 2014.
  7. For rural women, 81 lakh self-help groups have received assistance, which will be increased further.
  8. Finance Minister Nirmala Sitharaman said that Indian Institute of Mills will be established soon.
  9. Free food grains were given to 80 crore people in 28 months.
  10. The GDP growth rate in the current financial year is expected to be around 7 percent. Along with this, the government is laying special emphasis on how to increase employment opportunities.



Union Budget 2023 | Good news for taxpayers, Finance Minister made a big announcement regarding income tax in the budget, this is the new tax structure


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Delhi: Finance Minister Nirmala Sitharaman has presented half the resolution for the year 2023-24 (Union Budget 2023) in the Parliament. In this budget, the last full budget of the second term of the Modi government, the attention of the common taxpayers (Tax Payers) and the middle class was on what concessions would be given to the taxpayers who pay income tax. Meanwhile, the Finance Minister has given good news for the taxpayers paying income tax from this budget. The Finance Minister has announced to increase the income tax limit. Accordingly, income up to Rs 7 lakh has now been exempted from tax.

Exemption limit Rs 7 lakh

Announcing this, Finance Minister Nirmala Sitharaman said that the income tax exemption limit has been increased from Rs 5 lakh to Rs 7 lakh. The Finance Minister has also announced changes in the tax structure. Accordingly, the tax-free income limit of up to Rs 5 lakh has been increased to Rs 7 lakh. So the new tax structure is as follows.

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The new tax structure is as follows

0% tax on income between 0 to 3 lakh rupees

5% tax on income between Rs 3 to 6 lakh

10% tax on income between 6 to 10 lakh rupees

15% tax on income from Rs 19 to Rs 12 lakh

20% tax on income between 12 to 15 lakh rupees

Income above Rs 15 lakh will be taxed at 30%



Budget 2023 | Finance Minister Nirmala Sitharaman said- ‘I belong to the middle class, understand their pressures’


Nirmala Sitharaman

New Delhi: Two weeks before the presentation of the general budget, Finance Minister Nirmala Sitharaman on Sunday said that she understands the pressures of the middle class. Along with this, he reminded that the present government has not imposed any new tax on the middle class. Sitharaman will present the general budget for the financial year 2023-24 in the Lok Sabha on February 1. It is expected that the government will increase the income tax limit in this budget and give some relief to middle class taxpayers and others.

“I also belong to the middle class, so I can understand the pressures of the middle class,” the finance minister said at a function of the RSS-affiliated weekly magazine ‘Panchjanya’. I consider myself middle class, so I understand that.” Along with this, he reminded that the present Modi government has not imposed any new tax on the middle class.

He said that income up to Rs 5 lakh is exempt from income tax. He said that the government has taken several measures to promote ease of doing business like developing metro rail network in 27 cities and making 100 smart cities. Sitharaman assured that the government can do more for the middle class, as it has grown in size. She said, “I understand their problems very well. The government has done a lot for them and will continue to do so.”

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Sitharaman said the government has been increasing capital expenditure in every budget since 2020. He said it was increased by 35 per cent to Rs 7.5 lakh crore for the current financial year as it has a positive impact on the economy. He said the government’s 4R strategy for the banking sector – recognition, recapitalisation, resolution and reforms – has helped in the revival of public sector banks (PSBs). This has led to reduction in non-performing assets (NPAs) and significant improvement in the health of PSBs, he said.

The government had implemented a Rs 2.11 lakh crore recapitalization program for PSBs to support capital adequacy and prevent liability defaults. Regarding the farmers, Sitharaman said that the government is committed to double their income and has taken several steps in this direction. On trade with Pakistan, he said the neighboring country never granted Most Favored Nation (MFN) status to India.

He said that trade relations with Pakistan have deteriorated after the Pulwama terror attack in 2019. Regarding the freebies given by the governments, the Finance Minister said that promises should be made keeping in mind the financial health of the state and complete transparency should be maintained in it. (agency)



shriram finance limited turns ex-dividend today investors get 150 rupees profit


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If you are also looking for dividend giving stocks in the stock market, then there is good news for you. In the stock market today i.e. on January 3, 2023, the shares of Shriram Finance Limited are trading as Ex-Dividend. The company will give a dividend of 150 percent on one share to its qualified investors. Let us tell you, today i.e. on Tuesday morning, the shares of the company were trading at Rs 1371.80 after falling by 1.1 per cent on BSE.

15 rupees will be beneficial

Any investor whose name will remain in the company’s record book till January 4 will get a profit of Rs 15 per share. Shriram Finance has fixed the record date for this dividend as January 4, 2023. But the company is trading as ex-dividend today itself due to being in the T+2 settlement group. Let us inform, the market cap of the company is Rs 51,242.24 crore.

PSU company that gave bonus 3 times changed the fortunes of investors, made 1 lakh rupees 45 crores

Any investor holding shares of Shriram Finance till the record date will be paid the dividend on or before Wednesday, January 19, 2023.

How is the company’s performance in the stock market?

During the last one month, the company’s share prices have seen a rise of more than 5 percent. A year ago, the share price of this finance company was Rs 1253.2. Which has now increased to Rs 1371.80. That is, in this one year, a growth of 9.4 percent has been seen in the shares of the company. Let us inform, the company’s 15 week high is Rs 1,509.25.

Read also: This company will sell shares cheaper than the market price, ex-date today

Ashish Chug to buy 2 lakh share of Kapil Raj Finance share hits 5 percent upper circuit today – Business News India


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Veteran Delhi-based investor Ashish Chugh has bought 2,00,000 shares of Kapil Raj Finance Ltd in a bulk deal. He bought it on Tuesday at a price of ₹12 per share. After this, on Wednesday, the shares of Kapil Raj Finance Limited are at Rs 13.67 with an upper circuit of 5%.

Who is Ashish Chugh?
Ashish Chug is an Independent Investor. Known for making profits from the market, he started his career as an investor in 2000 after earning a degree in Electronics Engineering. Earlier, he had joined the family business after doing MBA. However, later left it and came to the stock market.

Also read- Company’s big deal and share at record high, IPO came this year, 160% return

about the company
Kapil Raj Finance Limited, a company in the year 1985, is. It is a small cap company operating in the financial services sector. The company’s stock has gained 10.06% in the last five trading days. This year so far this share is up 15.55%

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