Budget Highlights 2023: Income Tax Relief, Infra And Jobs

The country’s Finance Minister Nirmala Sitharaman is being released across the country today, in fact, you can consider this budget as the last full budget of the second term of the Narendra Modi government. Actually, here today you are going to know about Budget Highlights 2023, so we will ask you to stay in this article till the last so that you do not miss any information regarding Budget Highlights 2023.

Budget Highlights 2023

In such a situation, the public expects that the country’s Finance Minister Nirmala Sitharaman will take care of all sections of the society in this budget.  And this type of intention is also being expressed that very special care will be taken to give relief to the employed people from the burden of tax and the budget of the duodenum’s house. So let’s stay with this article till the end so that you can get the highlights related to the budget.

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It was said by the Finance Minister that since 2014, the government’s efforts have improved the standard of all the citizens and the per capita income of the people has also more than doubled to about ₹ 2 lakh. Cabinet approval has also been received for the presentation of the budget by the Finance Minister, After which she went to Rashtrapati Bhavan before reaching the Parliament and formally approved the budget by President Mrs. Draupadi Murmu Selfie and after that by the President. Budget Highlights 2023 is being considered as a very important budget for the government in view of next year’s Lok Sabha elections.

Union Budget 2023-2024 Overview 

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


Budget 2023 Key Highlights 

In the next 3 years, the government has proposed a provision to appoint 38800 teachers and support staff for about 740 Eklavya Model Schools under Budget 2023 Key Highlights. Along with this, a target of 5 MMT green hydrogen production by the year 2030 has also been taken. According to Budget Highlights 2023, it has been recommended to build 50 new airports, heliports and aerodromes across the country. The allocation of PM Awas Yojana has been increased by 66% to Rs 79,000 crore. 

A budget of Rs 2.4 lakh crore is proposed for the development of railways. The expenditure on infrastructure has been increased by 33% to Rs 10 lakh crore. A provision of 75,000 crores has been made for new railway projects. According to Budget 2023 Key Highlights, DigiLocker Aadhaar will be considered more secure and proof of residence.

Budget Highlights
Budget Highlights


Budget 2023 Live News Updates

Like every year, this year also the General Budget of India is being presented on 1 February. Budget 2023 Live News Updates are being presented by Finance Minister Nirmala Sitharaman before the last term of the Modi government i.e. 2024 elections. The economic survey said that the country’s economic growth rate will be 6.5 percent in the next financial year, while it was 7 percent in the current financial year.  

In such a situation, this budget will also bring steps to ensure the growth rate in 2023. If we consider the current situation in view of Budget Highlights 2023, then it comes to the fore that the global economy is on the verge of recession and the rupee is falling rapidly. In such a situation, there are many challenges in front of the Finance Minister like reducing the fiscal deficit and promoting development works without inflation.

Economics Survey Highlights

Budget Highlights 2023 was presented today on 1 February 2023 by Finance Minister Nirmala Sitharaman under the leadership of the Narendra Modi government at the Center. According to which under the new tax slab

  •  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, it was announced by the Finance Minister regarding the Economics Survey Highlights that no tax will be levied on income up to ₹ 700000.

Union Budget Live Streaming

The Finance Minister left for the Rashtrapati Bhavan at 9:20 am as per her schedule, after which she reached the Parliament House by 10:00 am. His first meeting under Union Budget Live Streaming was the cabinet meeting in which the final stamp was put on the budget. 

After that, the budget speech of the Finance Minister started in the Lok Sabha from 11:00 am under Budget Highlights 2023. So that it is being broadcast live on Doordarshan. At 3:00 pm, the Finance Minister is going to address the press conference at the National Media Center.  And also going to answer the questions of the public related to Budget Highlights 2023.

Union Budget 2023 Key Highlights

According to the Union Budget 2023 Key Highlights by the Finance Minister, women’s honor savings letter, 7.5 Savings facility, 7.5 if the scheme is received for 2 years. On the other hand, mobile phones will be cheap and tax will be reduced on imports of many components. The price of the TV will be reduced and you will also decrease import duty. Electronic vehicles will be cheap and will also get relief on the battery. 

According to Budget Highlights 2023, the new credit guarantee scheme will be applicable from April 1, and 47 million youth will give allowance for 3 years. The notification of the Green Card Scheme will soon come and MSME will give a pay interest to MSME. According to Union Budget 2023 Key Highlights PM Skills Development Scheme 4.0 will start working soon. 

Union Budget 2023 in India PDF Highlights 

it will be created a startup fund for the welfare of the farmers and includes budget of more than 200,000 crores for free grains. Union Budget 2023 in India PDF Highlights will be made a target of Rs. 2000000 crores for agricultural sector.157 new nursing colleges will also open. And India will be made the global hub of Mr. Anna. 

Under the Budget Highlights 2023, the attention and financial sector and environment and infrastructure will be developed on the youth. Everyone will reach the last person on the lines of development. PMPVTG development mission will start to improve socio-economic status for PM housing and tribal people. Companions will also increase the limit of interest free loans for 1 year and the announcement of Rs 15,000 crore for triable mission will be for 3 years.

India Union Budget 2023 Highlights

Smart Classroom Transport System and 100 Labs will also be made in terms of 5G service and civil service. The pan card will be made the main base to start the business. And three center of acceleration will be created for artificial intelligence. The seized amount of MSME will be back. 

India Union Budget will be considered a proof of address, under the Diger Locker, under 2023 highlights. And one million farmers will work on the step to encourage natural farming. Govardhan Scheme will come under Budget Highlights 2023 and the government will spend 75,000 crores on Transport Infrastructure. 

FAQs Regarding Budget Highlights 

When the budget is being presented by the Finance Minister? 

The budget was presented on 1 February 2023 today by minister Nirmala Sitharaman. 

Which budget is being presented by Finance Minister Nirmala Sitharaman?

9th Budget of Modi government is being offered 2023-2024 by the Finance Minister Nirmala Sitharaman.

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