Union Budget 2023-24 Live Updates
PTI | DECCAN CHRONICLE
PublishedFeb 1, 2023,
UpdatedFeb 1, 2023,
Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 in the Lok Sabha, in New Delhi, Wednesday, Feb 1, 2023. (PTI Photo)
Green growth efforts to help reduce carbon intensity; create green job opportunities: FM Sitharaman
FM Sitharaman lists seven priorities of Budget, including infra, green growth, financial sector, youth power.
Four transformative opportunities can be used be in Amrit Kaal for enhancing economic empowerment: FM Sitharaman
Digital public infrastructure for agriculture will be built as open source, open standard and interoperable public good: FM
Agri accelerator fund will be set up to encourage agri startups in rural areas: FM Sitharaman
To enhance yield of extra long staple cotton, government will adopt a cluster-based and value chain approach: FM
Govt to launch a Rs 2,200 crore Aatmanirbhar clean plan programme: FM Sitharaman:
Govt to support Hyderabad-based millet institute as centre of excellence: FM
National cooperative database is being created to map cooperative societies: FM Sitharaman.
Agriculture credit target increased to Rs 20 lakh cr for FY’24, with focus on animal husbandry, dairy and fisheries: FM
Facilities in select ICMR labs will be made available for research by public and private medical faculties: FM Sitharaman
New programme to promote research in pharmaceuticals: FM Sitharaman
Govt plans to set up massive decentralised storage capacity to help farmers.
National digital library for children and adolescents will be set up for facilitating quality books: FM
Govt to launch a Rs 2,200 crore Aatmanirbhar clean plant programme: FM Sitharaman
Tax receipts for next fiscal budgeted at Rs 23.3 lakh crore: FM Sitharaman
Mobile phone output rose from 5.8 crore units in 2014-15 to 31 crore units last fiscal: FM.
Customs duty on parts of open cells of TV panels cut to 2.5 pc: FM Sitharaman
FM Sitharaman retains fiscal deficit target of 6.4 pc in the Revised Estimate for FY23; cuts it to 5.9% for FY24
Indirect tax proposals to boost green mobility and EVs: Sitharaman
To finance fiscal deficit in 2023-24, net market borrowing from dated securities estimated at Rs 11.8 lakh cr: FM Sitharaman
Fiscal deficit to be brought down to below 4.5 pc by 2025-26: FM Sitharaman.
Rebate is increased to Rs.7 lakh in new tax regime
New tax slabs under new tax regime
Govt proposes to increase limit for presumptive taxation for MSMEs and certain professionals to Rs 3 cr and Rs 75 lakh, respectively
Tax portal processed 6.5 crore returns, processing time cut; intend to strengthen grievance redressal mechanism: Sitharaman.
Govt to reduce customs duty on shrimp feed to promote exports: FM Sitharaman.
Taxes on cigarettes hiked by 16 pc: Sitharaman
Basic import duty on compounded rubber increased to 25 pc from 10 pc.
New tax regime will be the default method, though people can opt for old tax regime
Net tax revenue foregone because of changes in direct and indirect taxes is Rs 35,000 cr: FM Sitharaman
Govt proposes to reduce highest surcharge rate from 37 pc to 25 pc in new tax regime
An individual with annual income of Rs 9 lakh will have to pay only Rs 45,000 in taxes: FM Sitharaman.
Govt proposes to cap deductions from capital gains on investments in residential houses to Rs 10 cr: FM Sitharaman.
No tax for income up to Rs 3 lakh; 5 pc tax on Rs 3-6 lakh; highest tax rate of 30 pc on income above Rs 15 lakh under new I-T regime: FM.
Govt proposes to increase benefit of carry forward of losses for startups to 10 years: FM Sitharaman
Finance minister says this budget hopes to build on foundation of previous budget and blue print for India@100
The world appreciates India’s achievements, says FM
India’s growth at 7 pc in current fiscal highest among major economies; Indian economy on right track: Nirmala Sitharaman
This is the first Budget in Amrit Kaal, says Finance Minister Nirmala Sitharaman
In 75th year of Independence, world has recognised India as a bright star: FM.
Finance Minister Nirmala Sitharaman begins presentation of Budget for 2023-24 in Lok Sabha.
