New Delhi: Union Budget 2023 was presented by Finance Minister Nirmala Sitharaman today which unveiled one of its biggest jumps in capital spending in the past decade and said the fiscal deficit would fall next year.
The Budget adopted "seven priorities" - inclusive development, reaching the last mile, infrastructure and investment, unleashing the potential, green growth, youth power and financial sector - to guide India through the "Amrit Kaal".
Prime Minister Narendra Modi praised the Budget and said that it would lay a strong foundation for building a developed India. The Prime Minister said that the Budget gives priority to the deprived and will fulfill the dreams of the aspirational society, the farmers and middle class.
This year's Budget holds much significance as this is the last full Budget before the 2024 general elections. This is the Finance Minister's fifth Budget presentation since 2019.
Here are the Highlights of Union Budget 2023:
Feb 01, 2023 20:06 (IST)
Budget 2023: Mixed Response From Agri Industry, Farmer Bodies
Agri industry players and farmer bodies on Wednesday gave mixed response to the Budget, saying it did not focus on edible oils, reducing GST on agri inputs and raising financial aid to farmers under PM-KISAN scheme.
Godrej Agrovet Managing Director Balram Yadav termed the Budget a" tech-focused-inclusive Budget for Indian farmers," while Syngenta India Chief Sustainability Officer KC Ravi said it will catapult the agriculture ecosystem to greater heights.
Feb 01, 2023 19:51 (IST)
Budget 2023 Proposes Taking Away Income Tax From News Agencies
The Union Budget on Wednesday proposed removing the exemption from paying income tax by news agencies.
Feb 01, 2023 18:29 (IST)
Big Tech Treating Employees Shabbily Not Agreeable: Junior IT Minister Rajeev Chandrasekhar
The trend of multi-billion-dollar tech companies announcing mass layoffs earned the disapproval of junior IT minister Rajeev Chandrasekhar on Wednesday, as he invited Indians sacked by the likes of Google, Facebook and Microsoft to return and join firms like Tata Consultancy Services (TCS).
"So-called Big Tech companies treating their employees and treating their workforce in what is really quite a shabby manner is obviously not agreeable to any one of us," Mr Chandrasekhar told NDTV.
Feb 01, 2023 17:50 (IST)
Nothing in Union Budget to solve economic disparities in country: Kerala CM
Kerala Chief Minister Pinarayi Vijayan on Wednesday said the Union Budget 2023-24 does not attempt to solve the growing economic disparities in the country.
Feb 01, 2023 17:17 (IST)
Digitalisation Only Going To Increase In India: IT Minister
Union IT minister Rajeev Chandrasekhar says digitalisation is only going to increase in India. "DigiLocker is personal cloud for every Indian citizen," he told NDTV in an exclusive interview.
Feb 01, 2023 16:51 (IST)
Budget 2023: "We will achieve": Nirmala Sitharaman on $5 trillion economy target
"We are moving along to become a $5 trillion economy. We will achieve (the target)," said Nirmala Sitharaman.
Feb 01, 2023 16:50 (IST)
Budget 2023 Gives Big Leg-Up To Capital Investment: Nirmala Sitharaman
"The budget gives a big leg-up to capital investment, it also attends to MSMEs as they are the engine of growth, it sustains capital investment and also gives a push to the private sector while also giving tax reliefs to individuals and middle class," said the Finance Minister.
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