Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 23 MARCH 2023

What To Expect In The Upcoming Union Budget

ALAYA LEGAL ADVOCATES
Explore more from ALAYA LEGAL ADVOCATES

The Russian invasion of Ukraine disrupted the demand and supply of global energy markets.

IndiaGovernment, Public Sector
Sragvi Chaturvedi
Sragvi Chaturvedi
Praneet Kaur
Praneet Kaur
Author LinkedIn connections

Abstract: The Budget for 2023-24, the last before the General Elections of 2024, will be presented in the backdrop of a critical geopolitical set-up internationally, clubbed with rising inflation and loss of job creation internally, and slashed growth forecast of India's GDP by several institutions, including the Reserve Bank of India. This write-up is an overview of what one may expect in India's energy, telecom, private investment and export sector.

Introduction

The Union Budget, or the Annual Financial Statement as under Article 112 of the Constitution of India, is presented by the Union Government on February 01, ahead of the new fiscal year starting in April in India. Finance Minister Nirmala Sitharaman asserted that the upcoming Budget would "follow the spirit" 1 of earlier budgets.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

See more popular content from

Article

Punjab And Haryana High Court Strikes Down JAO - FAO Retrospective Amendment As Unconstitutional

The Hon’ble Punjab and Haryana High Court (HC) in Jyoti Sareen vs. UOI & Others (CWP No. 15791-2024 (O&M)) (Order) held the retrospective amendments carried out vide the Finance Act, 2026, with respect to the powers of the Jurisdictional Assessing Officer (JAO) to issue a reopening notice under section 148 (Reopening Notice) of the Income-tax Act, 1961 (IT Act), as unconstitutional, being violative of the ‘doctrine of separation of powers’ and thus violative of Article 14 of the Constitution of India.
IndiaGovernment, Public Sector
Khaitan & Co.
Khaitan & Co.
Article

Acquisition By An FOCC Of An Indian Company: Pricing Conditions For Resident And Non-resident Shareholders

A FOCC refers to an Indian entity that has received foreign investment and is ultimately owned or controlled by persons resident outside India. Although incorporated in India under the Companies Act, such entities are treated differently from domestically owned and controlled Indian companies for the purposes of foreign investment regulation and downstream investment structuring. Consequently, an FOCC, despite being an Indian incorporated entity, is subject to regulatory conditions applicable to foreign investment while undertaking investments into other Indian entities.
IndiaGovernment, Public Sector
LegaLogic
LegaLogic