The country’s Finance Minister Nirmala Sitharaman’s budget was issued across the country today; this is the last full budget of the Narendra Modi government’s second term. For such circumstances, the public expects the country’s Finance Minister, Nirmala Sitharaman, to address the needs of all segments of society in this budget.
And it is also said that great care will be made to relieve employed people of the burden of taxation and the budget of the Duodenum’s House. So let us stick with this post till the conclusion so that you can acquire the budget highlights.
Table of Contents
The latest budget news for 2023
Budget 2023: Union Budget
According to the Finance Minister, the government’s efforts since 2014 have improved the standard of living for all residents, and per capita income has more than quadrupled to almost 2 lacks. Cabinet clearance was also obtained for the Finance Minister’s presentation of the budget, after which she proceeded to Rashtrapati Bhavan before entering Parliament and formally approved the budget by President Mrs Draupadi Murmu Selfie and then by the President.
Budget Highlights 2023 is seen as a crucial budget for the administration in light of the Lok Sabha elections next year. Under Budget 2023 Key Highlights, the government has proposed a provision for the appointment of 38800 teachers and support personnel for about 740 Eklavya Model Schools during the following three years.
A target of 5 MMT green hydrogen production by 2030 has also been set. It has been suggested in Budget Highlights 2023 to develop 50 new airports, heliports, and aerodromes around the country. The PM Awas Yojana budget has been enhanced by 66% to Rs 79,000 crore. Railway development is budgeted at Rs 2.4 lakh crore.
Infrastructure spending has risen by 33% to Rs 10 lakh crore. 75,000 crores have been set aside for future railway projects. According to the Budget 2023 Key Highlights, DigiLocker Aadhaar would be deemed more secure as a form of identification and evidence of residency.
The latest budget news for 2023
The General Budget of India will be announced on February 1st, as it is every year. Finance Minister Nirmala Sitharaman is presenting Budget 2023 Live News Updates ahead of the Modi government’s final term, which ends in the 2024 elections.
According to the economic study, the country’s economic growth rate would be 6.5 percent in the coming fiscal year, down from 7 percent in the current fiscal year. In such a case, our budget will include measures to ensure the growth rate in 2023. When we look at the current scenario in light of Budget Highlights 2023, it is clear that the world economy is on the approach of a recession, and the rupee is swiftly decreasing.
In such a context, the Finance Minister faces several issues, including decreasing the fiscal deficit and encouraging development projects while avoiding inflation. Finance Minister Nirmala Sitharaman presented Budget Highlights 2023 today, 1 February 2023, under the leadership of the Narendra Modi administration at the Center.
- 0 to 3 Lakh – Nil
- 3 to 6 lakh – 5%
- 6 to 9 lakh – 10%
- 9 to 12 Lakh – 15%
- 12 to 15 lakhs – 20%
- Above 15 Lakh – 30%
Along with this, the Finance Minister declared that no tax will be charged on income up to 700,000 USD.
Budget Live Streaming
According to her schedule, the Finance Minister left for Rashtrapati Bhavan at 9:20 a.m. and arrived at Parliament House at 10:00 a.m. His first meeting under Union Budget Live Streaming was the cabinet meeting in which the budget was finalised.
Following that, the Finance Minister’s budget address in the Lok Sabha began at 11:00 a.m. under Budget Highlights 2023. As a result, it is being televised live on Doordarshan. The Finance Minister will speak during a news conference at the National Media Center at 3:00 p.m. In addition, we will address public queries about Budget Highlights 2023.
Women’s honour savings letter, 7.5 Savings facility, 7.5 if the scheme is received for two years, according to the Union Budget 2023 Key Highlights by the Finance Minister. Mobile phones, on the other hand, will be inexpensive, and import taxes on numerous components will be slashed.
The cost of the television will be decreased, as will the import duty. Electronic cars will be less expensive and will benefit from battery relief. According to Budget Highlights 2023, the new credit guarantee system will go into effect on April 1 and would provide allowance to 47 million adolescents for three years.
The Green Card Scheme will be announced soon, and MSME will pay interest to MSME. PM Skills Development Scheme 4.0 will begin operations soon, according to the Union Budget 2023 Key Highlights. It would establish a beginning fund for the benefit of farmers, with a budget of more than 200,000 crores for free grains.
Highlights of the Union Budget 2023 in India PDF A target of Rs. 2000000 crores for the agriculture sector would be set. 157 new nursing schools will also open. Mr Anna’s worldwide hub will be India. The young will be prioritised in the Budget Highlights 2023, as well as the financial industry, the environment, and infrastructure.
On the development lines, everyone will reach the last person. The PMPVTG development mission will begin to enhance the socioeconomic situation of PM housing and tribal people. Companions will also enhance the maximum on interest-free loans for one year, and the Rs 15,000 crore announced for the triable mission would be for three years.
| Article Caption | Budget Highlights 2023 |
| Category | Political News |
| Year | 2023 |
| Budget Session | 2023-2024 |
| Finance minister | Smt. Nirmla Sitaraman |
| Budget Date | 1 February 2023 |
| Tax Relaxation | Till 7 lakh rs. Income |
In terms of 5G service and civic service, a Smart Classroom Transport System and 100 Labs will also be built. The pan card will serve as the primary foundation for the new business. Additionally, three artificial intelligence acceleration centres will be established. The seized MSME amount will be returned.
Under the Diger Locker, under 2023 highlights, the India Union Budget would be deemed evidence of address. In addition, one million farmers will contribute to the initiative to promote ecological farming. The Govardhan Scheme would be included in the Budget Highlights 2023, with the government spending 75,000 crores on transportation infrastructure.
2 thoughts on “Budget Highlights of 2023”
Comments are closed.