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.
Union Minister Rajeev Chandrasekhar slammed the opposition for criticizing the Union Budget presented on Wednesday by Finance Minister Nirmala Sitharaman and said the opposition has been wrong nine times in nine years of the Modi government while the country is marching ahead with or with
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.
"Sickle cell anemia is a major disease among the tribal population. Seven crore people below the age group of 40 years will be screened for this disease," Mandaviya added.