The budget serves as a crucial roadmap for ensuring India’s continued growth and stability in the face of the economic storms affecting the rest of the world. It has been met with positive reactions from industry experts and stakeholders as it is viewed as a forward-thinking and optimistic document.
Capital expenditure (Capex) is an essential component of the Union Budget, as the funds are utilised for a wide range of projects, including construction, machinery, equipment, schools, and infrastructure. The Finance Minister has raised the Capex by 33 per cent to Rs 10 lakh crore, which is 3.3 per cent of the total GDP. This move reflects the government’s focus on driving growth potential and creating more job opportunities for the nation’s youth. This increase in Capex will also present numerous investment opportunities for private investors looking to invest in the Indian market.
One of the most applauded announcements from the budget was the increase in the rebate limit for income tax payments from Rs 5 lakh to Rs 7 lakh under the new tax regime. This increase, combined with the tax exemption limit being raised to Rs 3 lakh, provides much-needed relief for the salaried class, as they will now have more disposable income.
Focus on 5G Services
Diese Geschichte stammt aus der February 25, 2023-Ausgabe von Business World India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der February 25, 2023-Ausgabe von Business World India.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Is Leadership Without Hierarchies Possible?
LEADERSHIP IN THE current era is more challenging than ever before.
The Rise and Evolution of Coffee Culture in India
AS A BANGALORE native, South Indian filter ‘Kaapi’ has always been a significant part of our tradition.
The Daily Ground Goes Desi
Success in Tier-2 and Tier-3 cities hinges on several key factors, with one of the most important being the ability to offer high-quality products at an accessible price point
Cracking The Indian Code
TARUN JAIN, CEO of Tim Hortons India believes in creating an experience at cafes by blending global quality, local flavours and affordability
Making Coffee the New Chai in India
Affordable, great-tasting coffee made fast-abCoffee is reshaping how India drinks coffee
Scripting A New Era Of Coffee In India
From a bootstrapped startup to international expansion, NOTHING BEFORE COFFEE is brewing its way to the top by challenging the giants of the coffee industry with innovation, personalisation, and sustainability
"Driven By A Younger Demographic, Coffee Culture Is On The Upswing"
SUNIL D'SOUZA, Managing Director and CEO of Tata Consumer Products, discusses the company's strategic growth in India's booming coffee market, focusing on premiumisation, innovation, and expanding consumer experiences both at home and in cafés, in this exclusive conversation with BW Businessworld's Tarannum Manjul
Fresh Brew, Big Ambitions
From startups to stores, Beanly's Samayesh Khanna and Rahul Jain elevate India's coffee culture by making freshly brewed coffee a daily delight
"On Track To Become India's Top Café Chain"
In an exclusive interview, RAJAT AGRAWAL, CEO of Barista Coffee, shared insights on the company's current market position, expansion strategies, and its response to growing competition
"Ensuring A Seamless Coffee Experience Outside The Cafe Is The Next Big Thing To Watch Out For"
In an exclusive conversation with BW Businessworld's Resham Suhail, Third Wave Coffee CEO RAJAT LUTHRA and its Co-founder AYUSH BATHWAL delve on how they are navigating the competitive landscape, going beyond retail and tapping changing consumer preferences
