Budget 2023 highlights

New Delhi: Union Budget 2023 was presented by Finance Minister Nirmala Sitharaman today which unveiled one of its biggest jumps in capital spending in the past decade and said the fiscal deficit would fall next year. The Budget adopted "seven priorities" -inclusive development, reaching the last mile, infrastructure and investment, unleashing the potential, green growth, youth power and financial sector - to guide India through the " Amrit Kaal". Prime Minister Narendra Modi praised the Budget and said that it would lay a strong foundation for building a developed India. The Prime Minister said that the Budget gives priority to the deprived and will fulfill the dreams of the aspirational society, the farmers and middle class. This year's Budget holds much significance as this is the last full Budget before the 2024 general elections. This is the Finance Minister's fifth Budget presentation since 2019. Here are the Highlightsof Union Budget 2023: The post-budget meeting has been scheduled for February 11 where Finance Minister Sitharaman would be addressing the board members and talk about announcements made in the Budget 2023-24 to perk up growth in view of geopolitical tension and tightening interest environment by central banks across the world, sources said. Income, Corporate Taxes To Grow By 10.5% To ₹ 18.23 Lakh In FY24 The government on Wednesday projected a 10.5 per cent growth in revenues from corporate and individual income tax to Rs 18.23 lakh crore in the next f...

Treasurer Jim Chalmers has delivered his second budget with a heavy focus on cost-of-living relief for Australians who are struggling due to persistently high inflation and rising interest rates. While Chalmers says the economy should continue to create jobs and unemployment is expected to remain historically low, inflation remains the top economic concern. Chalmers says the budget is aimed at providing relief to Australians while trying to prevent adding to inflationary pressures (though some economists have Read more: The clear highlight of this budget is the government’s $14.6 billion cost-of-living relief spending plan, which includes some of the major measures listed below. The government is also forecasting a “small surplus” of $4.2 billion in this financial year, the first time it’s been in the black in 15 years. However, this is expected to be followed by a deficit of $13.9 billion in 2023-24 – and forecasted deficits over the following three years. Here are five charts to show how the current budget fits in with historic economic trends and other economic indicators. Following that is a breakdown of notable spends and cuts in the budget across specific portfolios.

• News • State • ACT News • NSW News • NT News • QLD News • SA News • Victoria News • Western Australia News • Tasmania News • National • World • Advisor • Coronavirus • Covid Vaccine • Good News • People • Politics • Opinion • Life • Royal • Entertainment • Arts • Books • Celebrity • Movies • Music • Stage • Style • TV • Auto • Eat & Drink • Home • Relationships • Tech • Science • Travel • Wellbeing • Finance • Consumer • Dollars & Sense • Finance News • Federal Budget • Property • Small Business • Work • Your Super • Your Budget • Sport • AFL • Athletics • Basketball • Boxing • Cricket • Cycling • Football • Golf • Hockey • MMA • Motorsport • Netball • Racing • Rugby League • Sport Focus • Tennis • Union • Other Sports • Weather • Puzzles • Crosswords • Sudoku • Trivia Treasurer Jim Chalmers’ second federal budget has been headlined by healthcare reform and a huge boost in welfare payments for millions of Australians doing it tough. A $14.6 billion cost-of-living package – including a $40 a fortnight boost to JobSeeker and Youth Allowance payments – has been handed down to shield families from sky-high inflation. Meanwhile, the government has unveiled $5.5 billion to address the Medicare crisis, including a tripling of bulk-billing rates to raise GP rebates by more than $20 in big cities. Elsewhere, Australia’s public broadcasters have emerged as big winners, with the Australian Broadcasting Corporation (ABC) and Special Broadcasting Service (SBS) set to receive more tha...

Budget 2023 Highlights: Delivering on the expectations of the aam aadmi, Finance Minister Sitharaman, who sought to drum up support for the new tax regime, announced that there would be no income tax up to ₹7 lakh in the regime. She also announced changes in the tax slabs under the new tax regime, which is as follows: Income of ₹0-3 lakh – Nil; Income above ₹3 lakh and up to ₹5 lakh will be taxed at 5 per cent; Income above ₹6 lakh and up to ₹9 lakh will be taxed at 10 per cent; Income more than ₹12 lakh and up to ₹15 lakh to be taxed at 20 per cent; Income above ₹15 lakh to be taxed at 30 per cent. In the last full budget in Parliament before the 2024 Lok Sabha election, the finance minister said the country’s economy has grown from 10th to 5th largest in the world and per capita income has more than doubled. Since taking charge in 2014, Prime Minister . All eyes on the Union Budget, News18 brings you the latest highlights: • FM Nirmala Sitharaman listed seven priorities — Saptarishi — of Union Budget 2023: Inclusive development, reaching the last mile, youth power, financial sector, green growth, unleashing potential and infrastructure and investment. • In the agriculture and cooperatives sector, Sitharaman announced building digital public infrastructure, setting up an agriculture accelerator fund, making • The government has also laid emphasis on the health sector, with the finance minister announcing the setting up of 157 more nursing colleges, launch of the sickle ce...

• This is the first budget in ' Amritkal' This Budget hopes to build on the foundations laid in the previous Budget and the blueprint drawn for India@100. Indian economy is on the right track and heading towards a bright future. • During the COVID pandemic, we ensured that nobody goes to bed hungry with a scheme to supply free foodgrains to over 80 crore persons for 28 months. • Entire expenditure of about Rs. 2 lakh crore under PM Garib Kalyan Anna Yojana is being borne by the central government. We are implementing a scheme to supply foodgrains from Jan 1, 2023, to all Antaodaya and priority households for the next 1 year. • Current year's economic growth is projected to be at 7% despite the pandemic. Indian economy on right track and heading towards a bright future. • The government’s efforts since 2014 have ensured for all citizens, a better quality of life. The per capita income has more than doubled to Rs 1.97 lakh. In the last 9 years, the Indian economy has increased in size from being 10th to 5th largest in the world. The world has also recognized India as a bright star, our growth for current year is estimated at 7.0%, this is the highest among all major economies, in spite of massive global slowdown caused by pandemic and the war. • We have made good progress in sustainable development goals. • The Budget hopes to build on foundation laid in previous Budget. We envision a prosperous, inclusive India in which the fruits of development reach all sections. In these...

• Also read in: • • • • • • Budget 2023 Explained: In FM Nirmala Sitharaman’s Budget, focus on capex, fiscal consolidation, income tax relief Union Budget 2023-24 Explained Live Updates: Finance Minister Nirmala Sitharaman presented her fifth Budget speech in Parliament on Wednesday. Here are the highlights, key points and takeaways from the Budget. Budget 2023 Explained: Finance Minister Nirmala Sitharaman presented the Union Budget in Parliament on Wednesday, the last full-fledged Budget of the Narendra Modi government before the 2024 Lok Sabha elections early next year. Budget 2023 Explained Live Updates: Union Finance Minister Nirmala Sitharaman presented her last full-fledged Budget before the 2024 Lok Sabha elections in Parliament Wednesday. Budget 2023 focused on raising capital expenditure by the government, fiscal consolidation, and attractive incentives and rebates in the new income tax regime. In an interview to The Indian Express, Sitharaman said growth was the predominant focus, and that her “single-minded” guiding imperative was that this was a “golden opportunity” for India and this time “we should really not miss the bus.” The big announcement was the increase in rebate limit in the new tax regime — now the default — from Rs 5 lakh to 7 lakh. Sitharaman, meanwhile, proposed an increase in capital expenditure by 33 per cent to Rs 10 lakh crore. States are also being incentivised to spend more on infrastructure. She also kept focus on fiscal consolidation by ...

Treasurer Jim Chalmers has delivered his second budget with a heavy focus on cost-of-living relief for Australians who are struggling due to persistently high inflation and rising interest rates. While Chalmers says the economy should continue to create jobs and unemployment is expected to remain historically low, inflation remains the top economic concern. Chalmers says the budget is aimed at providing relief to Australians while trying to prevent adding to inflationary pressures (though some economists have Read more: The clear highlight of this budget is the government’s $14.6 billion cost-of-living relief spending plan, which includes some of the major measures listed below. The government is also forecasting a “small surplus” of $4.2 billion in this financial year, the first time it’s been in the black in 15 years. However, this is expected to be followed by a deficit of $13.9 billion in 2023-24 – and forecasted deficits over the following three years. Here are five charts to show how the current budget fits in with historic economic trends and other economic indicators. Following that is a breakdown of notable spends and cuts in the budget across specific portfolios.

• News • State • ACT News • NSW News • NT News • QLD News • SA News • Victoria News • Western Australia News • Tasmania News • National • World • Advisor • Coronavirus • Covid Vaccine • Good News • People • Politics • Opinion • Life • Royal • Entertainment • Arts • Books • Celebrity • Movies • Music • Stage • Style • TV • Auto • Eat & Drink • Home • Relationships • Tech • Science • Travel • Wellbeing • Finance • Consumer • Dollars & Sense • Finance News • Federal Budget • Property • Small Business • Work • Your Super • Your Budget • Sport • AFL • Athletics • Basketball • Boxing • Cricket • Cycling • Football • Golf • Hockey • MMA • Motorsport • Netball • Racing • Rugby League • Sport Focus • Tennis • Union • Other Sports • Weather • Puzzles • Crosswords • Sudoku • Trivia Treasurer Jim Chalmers’ second federal budget has been headlined by healthcare reform and a huge boost in welfare payments for millions of Australians doing it tough. A $14.6 billion cost-of-living package – including a $40 a fortnight boost to JobSeeker and Youth Allowance payments – has been handed down to shield families from sky-high inflation. Meanwhile, the government has unveiled $5.5 billion to address the Medicare crisis, including a tripling of bulk-billing rates to raise GP rebates by more than $20 in big cities. Elsewhere, Australia’s public broadcasters have emerged as big winners, with the Australian Broadcasting Corporation (ABC) and Special Broadcasting Service (SBS) set to receive more tha...

New Delhi: Union Budget 2023 was presented by Finance Minister Nirmala Sitharaman today which unveiled one of its biggest jumps in capital spending in the past decade and said the fiscal deficit would fall next year. The Budget adopted "seven priorities" -inclusive development, reaching the last mile, infrastructure and investment, unleashing the potential, green growth, youth power and financial sector - to guide India through the " Amrit Kaal". Prime Minister Narendra Modi praised the Budget and said that it would lay a strong foundation for building a developed India. The Prime Minister said that the Budget gives priority to the deprived and will fulfill the dreams of the aspirational society, the farmers and middle class. This year's Budget holds much significance as this is the last full Budget before the 2024 general elections. This is the Finance Minister's fifth Budget presentation since 2019. Here are the Highlightsof Union Budget 2023: The post-budget meeting has been scheduled for February 11 where Finance Minister Sitharaman would be addressing the board members and talk about announcements made in the Budget 2023-24 to perk up growth in view of geopolitical tension and tightening interest environment by central banks across the world, sources said. Income, Corporate Taxes To Grow By 10.5% To ₹ 18.23 Lakh In FY24 The government on Wednesday projected a 10.5 per cent growth in revenues from corporate and individual income tax to Rs 18.23 lakh crore in the next f...

• Also read in: • • • • • • Budget 2023 Explained: In FM Nirmala Sitharaman’s Budget, focus on capex, fiscal consolidation, income tax relief Union Budget 2023-24 Explained Live Updates: Finance Minister Nirmala Sitharaman presented her fifth Budget speech in Parliament on Wednesday. Here are the highlights, key points and takeaways from the Budget. Budget 2023 Explained: Finance Minister Nirmala Sitharaman presented the Union Budget in Parliament on Wednesday, the last full-fledged Budget of the Narendra Modi government before the 2024 Lok Sabha elections early next year. Budget 2023 Explained Live Updates: Union Finance Minister Nirmala Sitharaman presented her last full-fledged Budget before the 2024 Lok Sabha elections in Parliament Wednesday. Budget 2023 focused on raising capital expenditure by the government, fiscal consolidation, and attractive incentives and rebates in the new income tax regime. In an interview to The Indian Express, Sitharaman said growth was the predominant focus, and that her “single-minded” guiding imperative was that this was a “golden opportunity” for India and this time “we should really not miss the bus.” The big announcement was the increase in rebate limit in the new tax regime — now the default — from Rs 5 lakh to 7 lakh. Sitharaman, meanwhile, proposed an increase in capital expenditure by 33 per cent to Rs 10 lakh crore. States are also being incentivised to spend more on infrastructure. She also kept focus on fiscal consolidation by ...