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Budget 2023 Simplified

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Name: Chandresh Nigam Managing Director & Chief Executive Officer, AXIS AMC
Reaction on Budget:

“Capex is the primary theme of the budget. While the government has threaded the needle on fiscal consolidation, the crux of the policy announcements are in line with the larger economic and reformist agendas of the government.”

Name: Jinesh Gopani Head, Equity, AXIS Mutual Funds
Reaction on Budget:

“Sound and balanced budget, keeping in mind all strata of society. Fiscal deficit and net borrowing targets are a big positive keeping in mind the growth story of India.”

Name: Devang Shah Co-Head, Fixed Income, AXIS Mutual Funds
Reaction on Budget:

“Budget is meeting the agendas of the government and is very productive in nature. Fiscal deficit estimates and the trajectory towards normalisation is in line with market expectations.”

Name: Ashwin Patni Head Products & Alternatives, AXIS AMC
Reaction on Budget:

“Budget has focus on four key areas - a continued push towards better quality capital spending, promoting make in India, reiterating the path of fiscal consolidation (albeit in a measured manner), and an effort towards streamlining the individual direct tax regime.”

Name: Raghav Iyengar Chief Business Officer, AXIS AMC
Reaction on Budget:

“The budget is an extension of the key agendas driven by the Government over the last 8 years and numerous developmental projects aimed at making India the 5th largest economy.”

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Take on the role of the finance minister & allocate
funds in Budget 2023

SECTORAL ANALYSIS

Budget Impact

Here is a quick guide to show you what’s cheaper and what’s dearer now.

MY WISHLIST

INFLUENTIAL VOICE

30 BUDGETS OF LIBERALISED INDIA

Budget Verses : They Said It

BUDGET QUIZ

POLL

HISTORY OF BUDGET

1947 - 60

In the 1949-50 budget, the government abolished the much abused tax evasion instrument, the Capital Gains Tax.

The 1950-51 budget announced a cut in the super-rich tax rate, so as to push savings. Gift Tax was introduced to India in 1958-59 by Jawaharlal Nehru.

1960 - 70

For the first time, budget estimates were clubbed under 2 broad heads: Plan and Non Plan expenditure

In 1965, the import duty on cars was raised from 60 to 100%. The 1978-79 budget was presented barely a month after demonetisation.

1980 - 90

The 1986 budget is seen as the first step in dismantling licence raj.

1991 was a landmark budget with Dr. Manmohan Singh heralding the economic reforms. In 1994-95, the budget introduced Service Tax.

1990 - 2000

The 1997 Dream Budget promised a new Tax bill and Companies Bill.

In the 2005-06 budget, schemes like National Rural Health Mission, Gender Budget and NREGA were announced.

2000 - 20

In 2017, the government decided to merge Railway and General Budgets.

Also in 2017, the government said the budget will be presented on 1 February of every year.

PLAY GAMES

GAME PORTFOLIO

BUDGET EXPECTATIONS

Mintgenie explainers

Photo: iStock

Budget Dictionary:From disinvestment to capital expenditure, key terms explained

  • 3 min read
  • 01 Feb 2023

Finance Minister Nirmala Sitharaman will present the Union Budget 2023 in the Parliament on February 1.

BUDGET NEWS

India’s latest budget succeeds in hitting all the right notes

  • 4 min read
  • 02 Feb 2023

  • It does well on promoting growth without rocking the macro boat

PERSONAL FINANCE

Premium

Why HNIs may ditch market-linked debentures

  • 6 min read
  • 01:07 AM IST

Post-tax yields of MLDs set to shrink; alternatives like commercial real estate, venture debt may find favour

MEMES AND HUMOR

Every Indian before budget Every Indian before budget
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