Prime Minister Narendra Modi on Wednesday hailed the last full Union Budget of this term of his government and said that it would lay a strong foundation for building a developed India.
Mayawati said that the presented budget has been very much similar to the ones presented in the last nine years with huge promises and announcements being showered on the common citizens.
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.
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.
Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Wednesday said that the Union Budget 2023 would take India forward in the direction of the welfare of the poor.
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".