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Budget 2023 Live : Top Highlights for Union Budget 2023 | FM Nirmala Sitharaman

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1. Budget 2023 Updates: FM sees FY23 growth at 7%, calls Budget first in Amrit Kaal

2. Budget 2023 LIVE Updates: FM Sitharaman says Budget is based on 7 priorities

1. Green growth
2. Youth power
3. Inclusive development
4. Reaching the last mile
5. Infrastructure and investment
6. Unleashing the potential
7. Launch of digital platform

3. Agricultural credit target will be increased to Rs 20 lakh cr vs Rs 18 lakh cr, up 11.11% YoY, Finance Minister

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4. "Plan a new program to promote R&D in pharma," says Finance Minister

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5. PM Awas Yojana Fund Increased By 66% To Rs 79,000 Cr, Finance Minister

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6. FM Sitharaman unleashes the Capex bazooka

FM has proposed to increase capital expenditure by 33 percent to Rs 10 lakh crore, which would be 3.3 percent of the GDP. 🔥

7. The Centre will recruit 38,800 teachers and support staff for 740 Eklavya Model residential schools serving 3.5 lakh tribal students: FM

‘First budget in Amrit kaal’ - FM Sitharaman says India recognised as ‘bright star’. For the Poor who are in prison and unable to afford the penalty or bail amount, required financial support will be provided: FM

A mission to eliminate Sickle cell anemia by 2047 will be launched to entail awareness creation and universal screening of 7 crore people in the age group of 0-40 years in affected tribal areas: FM

A capital outlay of 2.40 lakh crores has been provided for the railways. This is about 9 times the outlay has made in 2013-14: FM

8. "We will invest Rs 75,000 cr in transport infra," says Finance Minister sitharaman as she presents the Union Budget
9. "To set up three centers of excellence for AI," says Finance Minister as she presents the Union Budget

100 labs for #5G apps to be set up in engineering institutes . Lab grown diamonds production to be encouraged via grant to an IIT


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10. Green Grow

The recently launched National Green Hydrogen Mission with an outlay of 19,700 crores will facilitate the transition of the economy to low carbon intensity and reduce dependents on fossil fuel imports.

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Public-private partnership for the development of tourism in the country, says FM

Collaboration and training with Atmanirbhar Bharat for traditional artists and artisans through PM Vishwakarma Kaushal Samman..

PM narendamodi has laid a vision for ‘Lifestyle for the Environment (LiFE) to spur a movement toward an environmentally conscious lifestyle. India is moving forward firmly to Panchamrita (net zero carbon emission) by 2070

Over the next 3 years, we will facilitate 1 crore farmers to adopt natural farming: FM

Target to Reach Green Hydrogen Production of 5 MMT by 2030


"'PAN' to be common business identifier for entities," says Finance Minister

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Indian Biogas Association on ‘green growth’ goals

With the Budget focusing on a ‘green growth’ strategy, it prioritizes the adoption of green fuel, energy, and building practices to reduce carbon intensity and create new green job opportunities. The 7 main priorities, referred to as "Saptrishi," aim to drive sustainable and environmentally-friendly economic development. The government's commitment to this ‘green growth’ approach is a step towards building a cleaner and more prosperous future for all Indians. This is in the direction of India seeking a leadership role in mitigating the global climate crisis.

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Govt to reduce customs duty on shrimp feed to promote exports: FM Sitharaman

Taxes on cigarettes hiked by 16 percent

Basic import duty on compounded rubber increased to 25 percent from 10 percent.

Basic customs duty hiked on articles made from gold bars

Customs duty on kitchen electric chimney increased to 15 percent from 7.5 percent.

Customs duty on parts of open cells of TV panels cut to 2.5 percent.

Govt proposes to reduce customs duty on import of certain inputs for mobile phone manufacturing.

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Good news for taxpayers

FM Sitharaman proposes to increase income tax rebate limit from Rs 5 lakh to Rs 7 lakh in new tax regime

Govt to enhance grievance redressal mechanism for direct tax payers

An individual with annual income of Rs 9 lakh will have to pay only Rs 45,000

No tax for income up to Rs 3 lakh; 5 percent tax on Rs 3-6 lakh; highest tax rate of 30 percent on income above Rs 15 lakh under new tax regime.

An individual with income of Rs 15 lakh will have to pay Rs 1.5 lakh tax, down from Rs 1.87 lakh under new tax structure

Govt to provide higher limit of Rs 2 lakh per member for cash deposit and loans by Primary Agricultural Credit Societies


<img src"9064149bKMJztf">

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1. Rebate: Increased to ₹ 7 Lakhs (New tax regime) 2. Slabs reduced (New regime) 0-3 lakhs - Nil 3-6 lakhs - 5% 6-9 lakhs -10% 10-12 lakhs - 15% 12- 15 lakhs - 20% Above 15 lakhs - 30% 3. Std deduction new tax regime 52500 4. Surcharge 37 --> 25% 5. Leave encashment from 3L to 25L 6. New tax regime as DEFAULT, you can change.
Benevolent Benevolent
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FM Sitharaman proposes to increase income tax rebate limit from Rs 5 lakh to Rs 7 lakh in new tax regime - Key highlight in today's session and major relief to all tax payers because majority fall in this slab or below this level.

This should be one of the finest budget ever proposed by this govt. I don't think so FED will create any ruckus tonite.

Hoping to see everything in green soon smile

Budding Star Budding Star
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MARKET AT DAY'S HIGH... ADANI STOCKS AT DAYS LOW 😅😅


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Deal Subedar Deal Subedar
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no changes in old scheme?????

Deal Newbie Deal Newbie
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"old" ko kabhi update milta hai kya. isliye toh naam old hai. 
Pro Shopping Friend Pro Shopping Friend
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After every budget, middle class to govt. IMG20230201141835

Like Magnet Like Magnet
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old monk in new glass for middle class 

Deal Newbie Deal Newbie
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Central Budget 2023 - 2024 (Presented by Finance Minister Nirmala Sitharaman on 01 Feb 2023) - English Edition https://amzn.eu/d/1...JD

You can buy budget copy from here.

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