India’s Union Budget 2023 has everyone’s eyes on it and the people are waiting for Nirmala Sitharaman to present all the policies and budgets for different industries and businesses for the fiscal year 2023-24. On 1 February, Nirmala Sitharaman will present the Union Budget 2023 of India and it will have a huge impact on the entire country. The ceremony for the Annual Financial Statement will start at 11 am and will be broadcasted live across various news channels and online platforms. So in this article, we will talk about the Union Budget 2023, its date & time, expectations, and more in detail.
Watching the Union Budget live announced by our Finance Minister is not that difficult. But the expectations of the people and various business persons have created a different scenario in the country. The biggest question that everyone has been asking for some time is, what are the expectations from the Union Budget 2023? Let's try and find out today!
Union Budget 2023 Date & Time: When Will the Union Budget 2023 be Presented?
The Union Budget 2023 of India will be presented on 1 February, Wednesday at 11 am in the morning. This is the same date when the Union Budget 2022 was announced by our Finance Minister, Nirmala Sitharaman. This time too, Nirmala Sitharaman will present the Annual Financial Statement 2023 of the country and interestingly, it is the last Union Budget prepared by the current government of India before the Lok Sabha elections in 2024. The Fiscal year 2023 will begin on 1 April, but the effects of the upcoming Union Budget will be visible beforehand in the stock market, industries, and even among people.
Who Will Present the Union Budget 2023 of India?
As mentioned above, the current Finance Minister, Nirmala Sitharaman will announce the Union Budget on the 1st of February at 11 am. And, it goes without saying that the Government of India, with the help of proper research and knowledge from experts, makes the Union Budget every year for the country and its people.
Where to Watch Union Budget 2023 Live?
You can watch India’s Union Budget live on TV channels like Sansad TV and Doordarshan. Both these TV channels will also live stream the announcement of the Union Budget on their YouTube channels too. Moreover, the Union Budget can also be watched live on the Press Information Bureau’s online platforms. Last but not the least, many other private news channels and YouTube channels will also make this important announcement available on their respective platforms.
Union Budget 2023 Expectations for Income Tax & Salaried Employees
The people of India have some Expectations from the Union Budget 2023, which is fairly natural as the people of a country will expect things from the government that they have voted for, right? But the question is, what can we expect from the latest Union Budget? Will we get relief from some taxes or will things get easier for salaried employees? Here are some expected announcements that will be made by Nirmala Sitharaman on 1 February:
Liquidity Booster to Increase Financial Inclusion.
Support the Goal of ‘Insurance for all by 2047’.
Enhance in Home Loan Exemption Limit.
Reduction of Personal Tax Rates.
Some Tweaks to Section 80C In Favor of the People.
Increased Capital Expenditure.
These are a few things that various bodies expect from the Government and our Finance Minister who will soon present the Union Budget 2023. The end result may or may not meet our expectations, but we will know this only on 1 February, when the Union Budget will be announced.
Union Budget Mobile App Developed by the National Informatics Centre
The Union Budget Mobile App developed by NIC is a great way for you to get a grasp of the Union Budget that will be presented on the 1st of February, Wednesday. This app is available for both Android and iOS. For the last two years, our Government has presented the Union Budget in a paperless format. This gave birth to the idea of developing a mobile application that gives people easy access to the Union Budget at any time, anywhere.
Yup, that’s all for now! We all look forward to the Union Budget 2023, which holds great importance for the country, its economy, and its people. This is all from our side, now from your side, we would like to know your thoughts and expectations from the Government of India this time. What matters, according to you, should be discussed with utmost importance in the Union Budget 2023?
Would be great to discuss on this.