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.
Confederation of Indian Industry president Sanjiv Bajaj on Wednesday welcomed the Union Budget for the financial year 2023-24 by saying that this will have a multiplier effect on the economy.
Union Finance Minister Nirmala Sitharaman, during the Budget session today, announced 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.
In her budget speech, she said that the Centre will recruit 38,000 teachers and support staff for the 740 model Eklavya Model Residential Schools serving 3.4 lakh tribal students.
The Budget session started on a high note after slogans of 'Modi-Modi' and 'Jodo Jodo Bharat Jodo' were echoed in the parliament building on Wednesday during the Union Finance Minister Nirmala Sitharaman's Budget speech.
Sitharaman started her Budget speech at 11 am, the last full Budget of the Modi government in its second term. Like the previous two Union Budgets, Union Budget 2023-24 is also presented in paperless form.
Congress Lok Sabha Chief Whip K Suresh on Wednesday attacked the Centre ahead of the Union Budget 2023-24, saying that the government is completely ignoring the middle-class people from the last three budgets.
Sitharaman started her Budget speech at 11 am, the last full Budget of the Modi government in its second term. Like the previous two Union Budgets, Union Budget 2023-24 is also presented in paperless form.
The presentation of the Union Budget 2023-24 started with Union Finance Minister Nirmala Sitharaman's speech in the Parliament on Wednesday wherein she termed the Budget the "first budget in Amrit Kaal".