UNION BUDGET 2023

BUDGET BLOGS


The Nifty and the Sensex have been under a lot of pressure since the Union Budget. However, the fall and the FPI selling cannot be entirely blamed on the Budget. There were several things that coincided. Firstly, the Adani group stocks have been a short seller’s parad...

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  • IIFL News Service |
  • 03 February, 2023 |
  • 2:53 PM
  • IIFL News Service |
  • 03 February, 2023 |
  • 2:53 PM
  • IIFL News Service |
  • 02 February, 2023 |
  • 2:52 PM

ECONOMIC SURVEY


  • IIFL News Service |
  • 01 February, 2023 |
  • 2:50 PM
  • IIFL News Service |
  • 31 January, 2023 |
  • 2:48 PM

Budget 2023 Expectations

  • The ailing sector seeks support from FY 24 Budget

    Expects reduction or removal of excise duty on ATF.

    The aviation sector is among the worst hit sectors from 3 years of Covid lockdowns and restrictions. The sector is therefore expecting some significant relief measures in FY 24 budget. One expectation is that the budget will lower the excise duty on Aviation Turbine Fuel (ATF). Reduction in this excise duty will bring down the fuel costs for airline companies. Fuel costs make up for around 18%-20% of total operating costs of airline companies.

    Another expectation is that the Government will continue to provide budgetary incentives for the UDAN scheme. This scheme focuses on development of airports in smaller towns and cities. This scheme has achieved a fair degree of success till now in improving regional connectivity and airport infrastructure. Number of operational airports in the country have increased from around 70, at the start of this scheme, to more than 140 now.

BUDGET HIGHLIGHTS

  • IIFL News Service |
  • 01 February, 2023 |
  • 2:50 PM
  • IIFL News Service |
  • 01 February, 2023 |
  • 2:50 PM
  • IIFL News Service |
  • 01 February, 2023 |
  • 2:50 PM

TAX CALCULATORS

BUDGET REVIEW 2023

KNOWLEDGE CENTER


BUDGET GLOSSARY


  • AD-VALOREM DUTIES

  • ANNUAL FINANCIAL STATEMENT

  • APPROPRIATION BILL

  • BALANCE OF PAYMENTS

  • BALANCE OF TRADE

BUDGET GLOSSARY


  • AD-VALOREM DUTIES

  • ANNUAL FINANCIAL STATEMENT

  • APPROPRIATION BILL

  • BALANCE OF PAYMENTS

  • BALANCE OF TRADE

BUDGET FAQ'S

What is plan and non-plan expenditure?

What is a Capital Budget?

What are Indirect Taxes?

What are Direct Taxes?

What is the Finance Bill?

What are the different budget documents?

What is fiscal deficit?

When will the Economic Survey 2023 be presented?

What is Economic Survey?

When will Budget 2023 be presented?

What is Union Budget?