Speaking to DD after Budget 2023, FM Nirmala Sitharaman said, "Old  regime of taxation is complicated and the new regime will be helpful and benefit the people.  We have raised  Tax  slabs and surcharges also have been reduced in new regime. The new  system will be default system but any one can opt for old  system."

'Old Tax Regime Complicated'

While the Indian markets instantly cheered Budget 2023, Sensex settled 158 points up at 59,708.08 while Nifty ended 45 points down at 17,616.

Sensex Ends Over 150 Points Up

Customs duty on parts of TV panels has been cut to 2.5%.

TVs May Get Cheaper

"Salaried class and pensioners including Family pensioners for whom I propose to extend the Benefit of Standard deduction to the new tax regime . Each salaried person with an income of Rs 15.5 lakhs or more to benefit by Rs 52,500," says FM Nirmala Sitharaman.

Standard Deduction Included in New Tax Regime

The new tax rates are 0 to Rs 3 lakhs – nil, Rs 3 to 6 lakhs – 5%, Rs 6 to 9 Lakhs – 10%, Rs 9 to 12 Lakhs – 15%, Rs 12 to 15 Lakhs – 20% and above 15 Lakhs – 30%

Tax Slabs Overhauled in New Regime

I propose to increase income tax rebate limit to Rs 7 lakh from Rs 5 lakh under the new income tax regime: FM Nirmala Sitharaman

Income Tax Rebate Limit Increased to Rs 7 Lakh

Nirmala Sitharaman's Budget announces 16% increase in NCCD on certain cigarettes. NCCD is a surcharge and a type of excise duty which can be levied independently of the excise duty as contemplated under the provisions of Fourth Schedule to the Central Excise Act, 1944.

NCCD on Cigarettes Increased by 16%

Customs duty lowered for mobile phone components & TV sets, announces Finance Minister Nirmala Sitharaman

Customs Duty Lowered on Mobile Parts

Basic Customs Duty on Electric Kitchen Chimneys raised from 7.5% to 15.00%.

Electric Chimneys Basic Customs Duty Up

Fiscal deficit expected to be 5.9% of GDP in FY24, to bring it below 4% by 2025-26: FM Nirmala Sitharaman

Fiscal Deficit Expected to be 5.9% of GDP

Senior citizens' saving limit increased to Rs 30 lakh from Rs 15 lakh

Senior Citizens' Saving Limit up to Rs 30 Lakh

States will be encouraged to set a ‘Unity Mall’ in state capital or the most popular tourist destination in the state for the promotion and sale of ‘One District, One product’ and GI products and other handicraft: FM Sitharaman

Unity Malls in States for Tourism Push

To skill the youth for international opportunities, 30 Skill India International Centres will be set up across different States: FM Nirmala Sitharaman

30 Skill India International Centres

100 labs for development of 5G apps to be set up in engineering institutes. Lab grown diamonds production to be encouraged via grant to an IIT: Nirmala Sitharaman

100 Labs For 5G Apps

50 additional airports, helipads, water aero drones, advanced landing grounds will be revived to improve regional air connectivity: FM Nirmala Sitharaman

50 Additional Airports to Improve Air Connectivity

PAN will be used as common identifier for all digital systems of specified govt agencies: FM Nirmala Sitharaman

PAN as Common Identifier

Three centres for excellence For artificial intelligence will be set up in top institutes: FM Nirmala Sitharaman

Big Push For AI, Centres to be Set up

Big jump in PM Awas Yojana, as allocation hiked 66% to Rs 79000 Cr. 

PM Awas Yojana Allocation Hiked 66%

Rs 15,000 Crore Will Be Spent In Three Years On Scheduled Tribe Mission: FM Nirmala Sitharaman in Budget 2023 Speech

Rs 15,000 For Scheduled Tribe Mission

PM Vishwa Karma Kaushal Vikas Scheme, a package of assistance for traditional artisans and crafts people, has been conceptualised. It will enable them to improve quality, scale and reach of their products, integrating with MSME value chain: Nirmala Sitharaman in Budget 2023 speech

PM Vishwa Karma Kaushal Vikas Scheme

The agricultural credit target will be increased to Rs 20 lakh crores with a focus on animal husbandry, dairy and fisheries: FM Nirmala Sitharaman

'Agriculture Credit to be Increased'

Promotion of tourism will be taken up on mission mode, says Finance Minister Nirmala Sitharaman in Budget 2023 speech

'Tourism Promotion on Mission Mode'

FM Nirmala Sitharaman in Budget 2023 speech: "Indian economy has risen from being 10th to fifth largest economy."

'Indian economy has risen to be fifth largest'

Finance Minister Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament. She began her speech by calling it the "first Budget of Amrit Kaal".

FM Presents Budget 2023 in Parliament

The markets seem to have high expectations from FM Nirmala Sitharaman's Budget 2023. Sensex was trading over 500 points higher minutes before the Budget presentation.

Sensex up by 540 Points

Union Budget 2023 copies have arrived in Parliament. FM Nirmala Sitharaman will present the Budget shortly. 

Budget Copies Arrive in Parliament

The Union Cabinet met at Parliament ahead of Union Budget 2023. Finance Minister Nirmala Sitharaman will deliver her Budget speech at 11 am. 

Cabinet Meets Ahead of Budget 2023 Speech

Union Minister of Finance and Corporate Affairs Nirmala Sitharaman, MoS Dr Bhagwat Kishanrao Karad, MoS Pankaj Chaudhary and senior officials of the Ministry of Finance called on President Droupadi Murmu at Rashtrapati Bhavan before presenting the Union Budget 2023-24.

Budget 2023 Team Meets President Droupadi Murmu

The Indian markets opened in green ahead of Union Budget 2023. While Sensex opened 347 points up, Nifty was over 100 points up. 

Markets Open in Green Ahead of Budget 2023

MoS Finance Pankaj Chaudhary says, "You will see that every section is included in Budget. It will meet the expectations of every section of society. Modi govt has always worked in the favour of the people of the country."

Every Section Included in Budget 2023: MoS Finance

In Budget 2023, industry players are also expecting to tax incentives on insurance. Industry players said that the Union Budget is an opportunity to introduce new reforms for the betterment of the citizens and the nation at large.

Tax Incentives on Insurance Expected

There are also expectations around an increase in tax exemptions on home loan principal and interest payments in Union Budget 2023.

More Home Loan Tax Incentives?

In Budget 2023, there is an expectation that the government might give relief to individual taxpayers by raising tax exemption or rebate limit.

Tax Exemption Limit May Increase

Akshit Bansal, Founder & CEO of Statiq said, “As a leading EV-charging network in the country, the government should re-examine its tax and tariff policies on not only EVs but also related component requirements for the e-mobility ecosystem."

Re-examine Taxes, Says EV Industry 

The financial technology (fintech) industry is hoping to get further push from the budget 2023 in order to move ahead and increase the network of digital payments.

Fintech Industry Hopes For Further Push

According to Kantar ITOPS 2022 study, the pandemic had hit the MSME businesses hard, but the segment has bounced back and is currently extremely positive about the business and Indian economy despite worry of tough global economic scenario.

MSMEs Positive About Indian Economy

Economic Survey has pegged FY23 Real GDP growth At 7%. Domestic demand, capital expenditure pick-up to aid growth

FY23 Real GDP Pegged at 7%

India’s recovery from pandemic was relatively quick; growth to be supported by domestic demand, pick up in capital investment, says Economic Survey 2022-23.

'India's Recovery From Pandemic Relatively Quick'

Finance Minister Nirmala Sitharaman on Tuesday presented the Economic Survey 2022-23, the report card of India’s economy, in Parliament. According to the Economic Survey 2022-23, India’s real GDP growth for the next financial year FY24 is pegged at 6-6.8 per cent.

FY24 GDP Growth Seen At 6-6.8%

More than half the households expect a decline in their income the current financial year, as compared to the previous fiscal. Most are looking for a respite in the coming budget as they stare at uncertainty when it comes to their earnings and savings, as per a survey.

60% Households Expecting Decline in Income, Looking for Relief

In India, therapy sessions cost anywhere between Rs 1,000-4,500 on an average depending upon where one lives. Those who are recommended by their psychiatrist to seek therapy are sceptical because of the high cost. Dr Neerja Birla, founder and chairperson, Mpower and Aditya Birla Education Trust, says, the cost is the tip of the iceberg. “Mental-health issues do not go away with one or two sessions. At Rs 1,000-1,500 per session, an average person cannot afford 10-20 sessions that are required to put him or her firmly on the path of recovery.”

FM Should Consider Mental Health Insurance, Say Experts

The traditional 'Halwa ceremony' was on Thursday (January 26) held in the North Block, marking the final stage of the Budget preparation process for the Union Budget 2023-24. The ceremony was held in the presence of Finance Minister Nirmala Sitharaman and Union Ministers of State for Finance Pankaj Chaudhary and Bhagwat Kisanrao Karad.

Halwa Ceremony Held To Mark Final Stage of Budget Preparation Process

Ahead of Budget 2023, the economic survey will also be tabled on Tuesday, January 31. The Economic Survey of India broadly covers the state of the Indian economy, fiscal developments and monetary management, and external sectors.

Economic Survey 2023 to be Presented on January 31

Finance Minister Nirmala Sitharaman's Union Budget 2023 team consists of TV Somanathan, Ajay Seth, Tuhin Kanta Pandey, Sanjay Malhotra, Vivek Joshi and V Anantha Nageswaran. 

TV Somanathan, Ajay Seth Part of FM's Squad Preparing Budget Document

Union Budget 2023-24, which will be presented on February 1 by Finance Minister Nirmala Sitharaman, will be delivered in paperless form, like the previous two Budgets, the finance ministry said on Wednesday. The Budget 2023 documents will be available on mobile apps.

Budget to be Available in Paperless Form on Union Budget App

The Union Budget 2023 will be presented on February 1, 2023. Finance Minister Nirmala Sitharaman will deliver the Budget Speech in Parliament on Wednesday. This will be her fifth Budget Speech.

FM Nirmala Sitharaman to Present Union Budget 2023 on Wednesday, February 1 

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CONS. NAME	2017	2012
Sujanpur	BJP	BJP
Bhoa	INC	BJP
Pathankot	INC	BJP
Gurdaspur	INC	SAD
Dina Nagar	INC	INC
Qadian	INC	INC
Batala	SAD	INC
Sri Hargobindpur	INC	SAD
Fatehgarh Churian	INC	INC
Dera baba nanak	INC	INC
Ajnala	INC	SAD
Raja sansi	INC	INC
Majitha	SAD	SAD
Jandiala	INC	SAD
Amritsar North	INC	BJP
Amritsar West	INC	INC
Amritsar Central	INC	INC
Amritsar East	INC	BJP
Amritsar South	INC	SAD
Attari	INC	SAD
Tarn taran	INC	SAD
Khem karan	INC	SAD
Patti	INC	SAD
Khadoor Sahib	INC	INC
Baba bakala	INC	SAD
Bholath	AAP	SAD
Kapurthala	INC	INC
Sultanpur lodhi	INC	INC
Phagwara	BJP	BJP
Phillaur	SAD	SAD
Nakodar	SAD	SAD
Shahkot	SAD	SAD
Kartarpur	INC	SAD
Jalandhar West	INC	BJP
Jalandhar central	INC	BJP
Jalandhar North	INC	BJP
Jalandhar Cantt.	INC	SAD
Adampur	SAD	SAD
Mukerian	INC	IND
Dasuya	INC	BJP
Urmar	INC	INC
Sham chaurasi	INC	SAD
Hoshiarpur	INC	INC
Chabbewal	INC	SAD
Garhshankar	AAP	SAD
Banga	SAD	INC
Nawan shahr	INC	INC
Balachaur	INC	SAD
Anandpur Sahib	INC	BJP
Rupnagar	AAP	SAD
Chamkaur Sahib	INC	INC
Kharar	AAP	INC
S.A.S.Nagar	INC	INC
Bassi Pathana	INC	SAD
Fatehgarh Sahib	INC	INC
Amloh	INC	INC
Khanna	INC	INC
Samrala	INC	INC
Sahnewal	SAD	SAD
Ludhiana East	INC	SAD
Ludhiana South	LIP	IND
Atam Nagar	LIP	IND
Ludhiana central	INC	INC
Ludhiana West	INC	INC
Ludhiana North	INC	INC
Gill	INC	SAD
Payal	INC	SAD
Dakha	AAP	SAD
Raikot	AAP	INC
Jagraon	AAP	SAD
Nihal Singh Wala	AAP	SAD
Bhagha Purana	INC	SAD
Moga	INC	INC
Dharamkot	INC	SAD
Zira	INC	SAD
Firozpur City	INC	INC
Firozpur Rural	INC	SAD
Guru har sahai	INC	INC
Jalalabad	SAD	SAD
Fazilka	INC	BJP
Abohar	BJP	INC
Balluana	INC	SAD
Lambi	SAD	SAD
Gidderbaha	INC	INC
Malout	INC	SAD
Muktsar	SAD	INC
Faridkot	INC	SAD
Kotkapura	AAP	SAD
Jaitu	AAP	INC
Rampura Phul	INC	SAD
Bhucho Mandi	INC	INC
Bathinda urban	INC	SAD
Bathinda Rural	AAP	SAD
Talwandi Sabo	AAP	INC
Maur	AAP	SAD
Mansa	AAP	SAD
Sardulgarh	SAD	INC
Budhlada	AAP	SAD
Lehra	SAD	INC
Dirba	AAP	SAD
Sunam	AAP	SAD
Bhadaur	AAP	INC
Barnala	AAP	INC
Mehal kalan	AAP	INC
Malerkotla	INC	SAD
Amargarh	INC	SAD
Dhuri	INC	INC
Sangrur	INC	SAD
Nabha	INC	INC
Patiala Rural	INC	INC
Rajpura	INC	INC
Dera bassi	SAD	SAD
Ghanaur	INC	SAD
Sanour	SAD	INC
Patiala	INC	INC
Samana	INC	SAD
Shutrana	INC	SAD

Assembly Election News in Bengali

Gujrat Assembly Election 2022: ছাড়াল ১৫০! মোদি ম্যাজিকে টানা সপ্তমবার গুজরাত দখলের পথে বিজেপি! গান্ধিনগরে উৎসব শুরু

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