Finance minister Nirmala Sitharaman, in her Budget for 2023-24 on Wednesday, announced that the government proposes to continue 50-year interest-free loans to state governments for one more year. and has significantly enhanced outlay to Rs 1.3 lakh crore.
To skill youth for international opportunities, 30 Skill India International Centres will be set up across different States, the Finance Minister said.
The row over the remarks on 'Ramcharitmanas' escalated as Samajwadi Party leader Swami Prasad Maurya on Wednesday claimed that a sadu. who allegedly announced a bounty of Rs 21 lakh to "behead" him, has chopped his photo with a sword.
Looking to acquire major weapon systems including fighter aircraft, submarines and tanks, the defence services today got a hike of around 13 per cent in their budget for 2023-24 as Rs 5.94 lakh crore were allocated to them from the Rs 5.25 lakh crore given last year.
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 finance minister Nirmala Sitharaman also proposed to change the tax structure in this regime by reducing the number of slabs to 5 and increasing the tax exemption limit to Rs 3 lakh.
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.
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.
Overall, the government proposed to increase capital expenditure outlay by 33 per cent to Rs 10 lakh crore in 2023-24, which would be 3.3 per cent of the GDP, said Union finance minister Nirmala Sitharaman.
The Yogi Adityanath government on Tuesday celebrated reaching the milestone of installing 75 lakh tap water connections in the state. Uttar Pradesh is one of only four states to have reached this milestone.