Articles

Total Allocation For Health Stands At 2.1 Per Cent Of GDP

Opportunity India Desk Feb 01, 2023 - 2 min read

The total allocation for health in the Budget 2023-24 stood at 2.1 per cent of the Gross Domestic Product (GDP) with a total allocation of 89,155 crore- 0.34 per cent higher than the last year allocation which was INR 86,200 cr. While addressing the Parliament, Union Finance Minister Nirmala Sitharaman came with a clear focus ...

Share
No Income Tax up to 7 Lakh for Salaried Individuals

Opportunity India Desk Feb 01, 2023 - 3 min read

Union Budget 2023-24, presented by Finance Minister Nirmala Sitharaman, in parliament today, brought a number of changes in the taxation systems if for both the individuals and corporates. According to finance Minister Nirmala Seetharaman, As a result of various exemptions made for individuals and companies, tax revenue of about 38,000 crore – 37,000 crore in ...

Share
Centre Plans To Spend Over INR 1.12L Cr In Education

Opportunity India Desk Feb 01, 2023 - 6 min read

Union Finance Minister Nirmala Sitharaman on Wednesday presented the Budget 2023-24 in the Parliament which was also focused on education. The central government has planned to spend over INR 1.12 lakh crore in the education sector in the country. There is a significant increase in the outlay of the Ministry of Education from estimates of ...

Share
Sitharaman Lists Seven Priorities To Guide India Through ‘Amrit Kaal’

Opportunity India Desk Feb 01, 2023 - 5 min read

Key Takeaways From The Budget 2023-24 Capital outlay of about INR 2.40 lakh crore proposed for railways, highest ever and nine times of what it was in 2013. 50 additional airports, helipads, water aero drones, and advanced landing grounds will be revived for improved air connectivity. Centre will recruit 38,000 teachers and support staff for the 740 ...

Share
Business Funding Decreases by 8.5 per Cent During April to November 2022

Opportunity India Desk Jan 31, 2023 - 3 min read

The Economic Survey 2022-23, presented in loksabha today, by Finance Minister Nirmal Sitharaman said that during the period of April to November 2022, Indian enterprises have raised INR 5.06 lakh crore through Detbt and equity channels. It shows an 8.5 per cent decrease over the previous year. According to the survey data, of the total ...

Share
MSME Credit Growth for Jan-Nov 2022 is Crosses 30 per cent CAGR

Opportunity India Desk Jan 31, 2023 - 3 min read

Finance Minister, on Tuesday, started the Budget Session 2023 with her presentation of the economic survey 2022-23. Every Year, Economic survey, a detailed report by state of the national economy in the financial year that which is ending, is presented in Lok Sabha. This year’s economics survey revealed that the credit growth to the MSME sector ...

Share
Here’s What Different Industry Bodies Think of Economic Survey

Opportunity India Desk Jan 31, 2023 - 2 min read

Finance Minister on Tuesday tabled the economic survey for financial year 2022-23. Understanding the same, Saket Dalmia, President of PHD Chamber of Commerce and Industry, congratulated the government on a quick economic recovery from Pandemic and achieving the Pre-Pandemic economic level in the Current Financial Year 2022-23. He said that economic growth drivers such as ...

Share
Agriculture Sector Growing At 4.6 Per Cent: Economic Survey

Opportunity India Desk Jan 31, 2023 - 3 min read

Union Finance Minister Nirmala Sitharaman on Tuesday said that agriculture sector has been witnessing robust growth with an average annual growth rate of 4.6 per cent over the last six years, enabling agriculture and allied activities sector to contribute significantly towards country’s overall growth, development and food security. “In recent years the country has emerged ...

Share
Expenditure On Health Increased 26 Per Cent In FY23: Economic Survey

Opportunity India Desk Jan 31, 2023 - 3 min read

The shares of expenditure on health in the total expenditure on social services, has increased from 21 per cent in FY19 to 26 per cent in FY23 underscoring the rising importance of public healthcare and social security in ensuring universal health coverage, union finance minister Nirmala Sitharaman said on Tuesday. While presenting the Economic Survey, ...

Share
Schools Infra Up, Dropout Rates Down: Economic Survey

Opportunity India Desk Jan 31, 2023 - 4 min read

Union Finance Minister Nirmala Sitharaman on Tuesday said that there has been a steady decline in school dropout rates at all levels in the recent years, citing the schemes such as Samagra Shiksha, RTE Act, improvement in school infrastructure and facilities, residential hostel buildings and other facilities as a major factor in retention of children ...

Share