Budget 2023 Live : Top Highlights for Union Budget 2023 | FM Nirmala Sitharaman
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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
5. PM Awas Yojana Fund Increased By 66% To Rs 79,000 Cr, Finance Minister
FM has proposed to increase capital expenditure by 33 percent to Rs 10 lakh crore, which would be 3.3 percent of the GDP. 🔥
‘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
100 labs for #5G apps to be set up in engineering institutes . Lab grown diamonds production to be encouraged via grant to an IIT
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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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.
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.
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
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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
After every budget, middle class to govt.
old monk in new glass for middle class
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.
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