{"id":11680,"date":"2023-02-02T13:24:53","date_gmt":"2023-02-02T13:24:53","guid":{"rendered":"https:\/\/newsnetworks.co.in\/en\/2023\/02\/02\/union-budget-2023-24-has-reshaped-the-landscape-of-capital-investment-in-india-prateek-toshniwal\/"},"modified":"2023-02-02T13:24:53","modified_gmt":"2023-02-02T13:24:53","slug":"union-budget-2023-24-has-reshaped-the-landscape-of-capital-investment-in-india-prateek-toshniwal","status":"publish","type":"post","link":"https:\/\/newsnetworks.co.in\/en\/2023\/02\/02\/union-budget-2023-24-has-reshaped-the-landscape-of-capital-investment-in-india-prateek-toshniwal\/","title":{"rendered":"Union Budget 2023-24 has reshaped the landscape of capital investment in India: Prateek Toshniwal"},"content":{"rendered":"<div class=\"dsprime\"><img decoding=\"async\" width=\"525\" height=\"350\" src=\"https:\/\/primexnewsnetwork.com\/wp-content\/uploads\/2023\/02\/2-1.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\" loading=\"lazy\" style=\"margin-bottom: 10px\" \/><\/div>\n<p><strong>Surat (Gujarat) [India], February 2<\/strong>: Prateek Toshniwal, a renowned chartered accountant, has said that the Union Budget 2023-24 has reshaped the landscape of capital investment, and the new policies will go a long way in reviving the startup ecosystem in India.<\/p>\n<p>The Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) scheme announced by Finance Minister Nirmala Sitharaman in the Union Budget 2023-24 will be a game changer for small and medium businesses, especially the startups in India&#8230; It is expected to provide an additional Rs 2 lakh crore in collateral-free credit to the MSMEs.<\/p>\n<p>According to Prateek Toshniwal, a well-known chartered accountant (CA), the CGTMSE to be implemented on April 1st will aid collateral-free lending to small businesses, with the government infusing Rs 9,000 crore.<\/p>\n<p>&#8220;India&#8217;s economy is on track to grow at 7% in the current fiscal year, the highest among developed economies worldwide. There is no reason to doubt that India will persevere in the face of adversity,&#8221; said Toshniwal.<\/p>\n<p>Finance Minister Nirmala Sitharaman has estimated 7% growth in the current fiscal year by increasing Capex expenditure by 33% to Rs 10 lakh crore for FY24, which is higher than the Rs 7.5 lakh crore budget estimate for 2022-23. However, public capital expenditures will account for 3.3% of GDP at this level.<\/p>\n<p>The finance minister has proposed various diligent measures with a prominent focus on the seven tenets of SAPTARISHI to be accomplished during Amrit Kaal, namely, Inclusive development, reaching the last mile, enhanced focus on infrastructure &amp; investment, unleashing the potential of the financial industry, Green growth, Youth Power and the progress of Financial Sector.<\/p>\n<p>&#8220;It is an excellent budget for capital investors and investment networks, and it will strengthen the country&#8217;s financial investment ecosystem,&#8221; Toshniwal said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Surat (Gujarat) [India], February 2: Prateek Toshniwal, a renowned chartered accountant, has said that the Union Budget 2023-24 has reshaped the landscape of capital investment, and the new policies will go a long way in reviving the startup ecosystem in India. The Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) scheme announced by Finance [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[35],"class_list":["post-11680","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-news-networks"],"_links":{"self":[{"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/posts\/11680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/comments?post=11680"}],"version-history":[{"count":0,"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/posts\/11680\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/media?parent=11680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/categories?post=11680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsnetworks.co.in\/en\/wp-json\/wp\/v2\/tags?post=11680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}