The EAM said that the budget for the new year will enhance the ease of doing business as it includes KYC process simplification, Greater GIFT IFSC activities and establishing an EXIM Bank subsidiary for trade re-financing.
Fadnavis hailed the Modi government's policies and said the country used to be an importer of mobile phones once but now it became the second-largest mobile phone manufacturer in the world.
The Union budget is a "growth engine" for the country, said Minister of Railways, Communications, Electronics and Information Technology Ashwini Vaishnaw here on Wednesday.
Expressing his gratitude to Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman, Dharmendra Pradhan said that the budget boosts education, skill development, entrepreneurship, R&D, digital infrastructure, green growth and job creation.
Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Wednesday hailed the Union Budget 2023-2024 for being growth-oriented and pro-development.
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.
Describing micro, small and medium enterprises (MSMEs) as growth engines of our economy, Nirmala Sitharaman's Budget proposes enhanced limits for micro-enterprises and certain professionals for availing the benefit of presumptive taxation.
The Finance Minister also mentioned that Prime Minister Narendra Modi has given a vision for "LiFE", or Lifestyle for Environment, to spur a movement of environmentally-conscious lifestyle.
In a blow to cigarette-manufacturing companies like ITC, the government has decided to hike National Calamity Contingent Duty (NCCD) on specified cigarettes by about 16 per cent.
Finance Minister Nirmala Sitharaman presented the Union Budget 2023 today in Lok Sabha. This was the third time in a row that the government presented the budget in a paperless form.