Union Minister Piyush Goyal on Wednesday said that the Union Budget 2023-24 presented by Finance Minister Nirmala Sitharaman reflects the mission envisioned by Prime Minister Narendra Modi for India, which is entering the 'Amrit Kaal' to become a developed nation in next 25 years.
The thrust of the Union Budget 2023-24 is on inclusive growth and development, taking education to all sections of society, Professor Anil Kumar from Delhi University said on Wednesday.
In the Union Budget 2023-24, Prime Minister Narendra Modi-led government has allocated Rs 1.96 lakh crore to the Ministry of Home Affairs (MHA) with a substantial increase in sectors like women's safety, police modernisation as well as border infrastructure and management.
Terming Union Budget 2023-24 as the budget of "new India", Union Minister of State for Electronics and IT Rajeev Chandrasekhar on Wednesday said that it will take India into 'Amrit Kaal as a modern infrastructure ready nation.
Rubbishing attacks by the Opposition, Union Commerce Minister Piyush Goyal said here on Wednesday that this Budget empowers 140 crore people and is unlike an election budget in which 'rewris' are distributed.
Subsidies on fertiliser and food for 2023-24 (April-March) have been reduced by 22 per cent and 31 per cent each in comparison to the revised budget estimates for the current financial year ending March 2023.
Finance Minister Nirmala Sitharaman declared five major announcements in the new tax regime including an increase in the income tax rebate limit from Rs 5 lakh to Rs 7 lakh stating that the new tax regime will now be the default tax regime.
The Union Budget 2023 allocated Rs 7,000 crore for the launch of the third phase of the eCourts project, aimed at digitizing the justice system. The announcement was made by Union Finance Minister Nirmala Sitharaman while presenting her fifth consecutive Union Budget.