Economy

Budget 2023:Income Tax/Direct Tax

The income tax rebate limit increased from Rs 5 lakh to Rs 7 lakh under new tax regime The government has increased the income tax rebate limit from Rs 5…

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Budget 2023: E-Governance, Internet

Artificial Intelligence: Three Centres of Excellence for artificial intelligence will be established in top educational institutions across the country, the finance minister said. Data Governance: “A national data governance policy…

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Budget 2023: Health Sector

157 new nursing colleges will be established in colocation with the existing 157 medical colleges established since 2014. The Indian Council For Medical Research Labs will be made available for…

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BUDGET 2023: Agriculture

The Finance Minister, Budget 2023, announces an agricultural accelerator fund to be set up to fund start-ups by entrepreneurs in rural areas to develop affordable and innovative solutions for challenges…

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Right to repair portal

Food and Consumer Affairs Minister Piyush Goyal launched a host of new initiatives, including the right to repair portal and an NTH mobile app and opened new premises of National…

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India’s gross domestic product slowed to 6.3 percent: Basics Explained

India’s gross domestic product (GDP) for the July-September quarter (Q2) of the ongoing financial year 2022-23 slowed to 6.3 percent, as per provisional estimates released by National Statistical Office (NSO)…

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Decline in Exports in October; Trade Deficit Widens to $26.91 Billion: Basics Explained

According to data released by the commerce ministry on November 15 India’s exports entered negative territory after a gap of about two years, declining sharply by 16.65% to $29.78 billion…

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Number of poor people in India fell by about 415 mn between 2005-06 and 2019-21: UN

The new Multidimensional Poverty Index (MPI) released by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI) at the University of Oxford said that…

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The International Monetary Fund cut its forecast for India’s gross domestic product growth: Basics Explained

The International Monetary Fund (IMF), in its latest World Economic Outlook report, cut its forecast for India’s gross domestic product (GDP)growth in financial year 2022-23 (FY23) by 60 basis points…

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Energy, inflation crises risk pushing big economies into recession: Basics Explained

Read:https://www.business-standard.com/article/international/energy-inflation-crises-risk-pushing-big-economies-into-recession-oecd-122092601301_1.html Global economic growth is slowing more than was forecast a few months ago in the wake of Russia’s invasion of Ukraine, as energy and inflation crises risk snowballing into…

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