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  1. 4 days ago · Annual Financial Statement (Full) Statement I - Consolidated Fund of India + Revenue Account - Receipts

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      Economic Survey 2023-24 Highlights आर्थिक सर्वेक्षण 2023-24...

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    • Inclusive Development. The Government’s philosophy of Sabka Saath Sabka Vikas has facilitated inclusive development covering in specific, farmers, women, youth, OBCs, Scheduled Castes, Scheduled Tribes, divyangjan and economically weaker sections, and overall priority for the underprivileged (vanchiton ko variyata).
    • Reaching the Last Mile. The Finance Minister said that Prime Minister Vajpayee’s government had formed the Ministry of Tribal Affairs and the Department of Development of North-Eastern Region to provide a sharper focus to the objective of ‘reaching the last mile’.
    • Infrastructure & Investment. Smt. Sitharaman said, investments in Infrastructure and productive capacity have a large multiplier impact on growth and employment and in view of this capital investment outlay is being increased steeply for the third year in a row by 33 per cent to Rs 10 lakh crore, which would be 3.3 per cent of GDP.
    • Unleashing the Potential. The Finance Minister said that for enhancing ease of doing business, more than 39,000 compliances have been reduced and more than 3,400 legal provisions have been decriminalized.
  2. BUDGET 2023-2024. The list of Budget documents presented to the Parliament, besides the Finance Minister’s Budget Speech, is given below: Annual Financial Statement (AFS) Demands for Grants (DG) Finance Bill. Fiscal Policy Statements mandated under FRBM Act: Macro-Economic Framework Statement.

    • Part – A
    • Part – B

    What is the Budget’s Vision for Amrit Kaal?

    1. Amrit Kaal: 1.1. The Finance Minister of India called it the first Budget in Amrit Kaal. The vision for the Amrit Kaal is anempowered and inclusive economy that is technology-driven and knowledge-based with a robust financial sector. 1. The Budget identifies 4 transformative opportunities to be leveraged before reaching India@100: 1.1. Economic Empowerment of Women through SHGs 1.2. PM VIshwakarma KAushal Samman (PM VIKAS) 1.3. Tourism Promotion in Mission Mode 1.4. Green Growth

    What are the Priorities of Budget 2023-24?

    1. Saptarishi:

    Priority 1: Inclusive Development

    1. Agriculture: 1.1. Digital Public Infrastructure: Digital Public Infrastructure for agriculture will be built as an open source, open standard and interoperable public good resulting in: 1.1.1. Inclusive farmer-centric solutions 1.1.2. Relevant information services for crop planning/health 1.1.3. Better access tofarm inputs, credit, and insurance 1.1.4. Growth-support of the agri-tech industry and start-ups 1.2. Funding for Agri-startups: Agriculture Accelerator Fund will be set-up to encou...

    What are the Reforms Proposed in Direct Taxation?

    1. Personal Income Tax: 1.1. There are five major announcements relating to the personal income tax. The rebate limit in the new tax regime has been increased to ₹ 7 lakh. 1.1.1. It means that persons in the new tax regime with income up to ₹ 7 lakh will not have to pay any tax. 1.2. The tax structure in the new personal tax regime has been changed by reducing the number of slabs to five and increasing the tax exemption limit to ₹ 3 lakh. 2. Other Tax Reforms: 2.1. Standard Deduction: 2.1.1....

    What are the Reforms Proposed in Indirect Taxation?

    1. Custom Duties: 1.1. The number of basic customs duty rates for goodsother than textiles and agriculture has been decreased to 13 from 21. 1.2. National Calamity Contingent Duty (NCCD) on specifiedcigarettes revised upwards by about 16% 1.3. Increased Duties: 1.3.1. Articles made from gold and platinum 1.3.2. Import duties on silver dore, bars, and articles 1.4. Exception from Duties: 1.4.1. Compressed biogascontained in blended compressed natural gas. 1.4.2. Testing agencies that importveh...

  3. Feb 6, 2023 · The Union Budget for FY 2023-24 this year aims to further strengthen India's economic status. In the 75th Year of India's Independence, the World has recognized the Indian Economy as a ' bright star ' with its Economic Growth estimated at 7 per cent, which is the highest among all major economies.

  4. The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament today. The highlights of the Budget are as follows: PART A. Per capita income has more than doubled to ₹1.97 lakh in around nine years.

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  6. Parliament. Union Budget 2023-24 Analysis. Open PDF. Budget Highlights. Expenditure:The government proposes to spend Rs 45,03,097 crore in 2023-24, which is an increase of 7.5% over the revised estimate of 2022-23. In 2022-23, total expenditure is estimated to be 6.1% higher than the budget estimate.