Will Nirmala Sitharaman offer tax respite in the Union Budget 2023? Will it bring sunshine to crypto winter? How does Nadia Chauhan balance the boon and bane of being a gen-next entrepreneur? Our top read stories of the week answer these questions
1) Budget 2023: Expecting respite
Mere days are left before Finance Minister Nirmala Sitharaman presents the Union Budget for FY24 in the parliament. India's economy is gradually recovering from the blows dealt by the Covid-19 pandemic and everyone is hoping for a budget that will not only boost growth and investments but also reduce some burden off of taxpayers' shoulders. Simplifying taxation and tariff structures, bringing parity in tax rates, identifying sunrise industries for tax exemptions, lowering the tax burden in capital markets and easing compliance requirements are some of the top expectations. Will the finance minister manage these expectations? Experts weigh in. Read more
2) Budget 2023: Perks before polls?
2023 promises to be a busy political calendar with several important state elections, including Karnataka, Madhya Pradesh, Rajasthan, and Chhattisgarh. These will set the stage for the 2024 general elections. But will that affect the Union Budget? Analysts believe that it will be a tight ropewalk for the government to balance populist measures and announce reforms that may boost investments as this is the last full-year Union Budget before India goes to polls in 2024. Read more