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What are the highlights of Union Budget 2023-24?
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• Budget 2023-24 adopts seven priorities which complement each other and act as the 'Saptarishi' guiding us through the Amrit Kaal. • The agriculture credit target will be increased to Rs. 20 lakh crore with focus on animal husbandry, dairy and fisheries.
- 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.
Feb 1, 2023 · Union Finance Minister Nirmala Sitharaman on Wednesday presented the Union Budget 2023, the fifth budget of Modi 2.0. In the last full-fledged Budget before the general elections next year, Nirmala Sitharaman said that the Indian economy is on the right path and heading towards a bright future.
Feb 1, 2023 · Budget 2023 focused on raising capital expenditure by the government, fiscal consolidation, and attractive incentives and rebates in the new income tax regime.
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The 2023 Union Budget of India was presented by Finance Minister Nirmala Sitharaman on February 1, 2023. It proposed a futuristic 'Amrit Kaal' for women, youth and marginalised communities, big public investment for infrastructure, and new tax slabs for individual taxpayers.
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.
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.
