Union Budget 2023 LIVE: Amrit Kaal's first budget provides foundation to build a developed India, says PM Modi
Union Budget 2023 LIVE: Amrit Kaal's first budget provides foundation to build a developed India, says PM Modi
15:08 (IST)
Budget 2023 LIVE
First budget of Amrit Kaal shows the visionary and far-sighted leadership of PM Modi, says JP Nadda
#WATCH | On #UnionBudget2023, BJP national president JP Nadda says, "First budget of Amrit Kaal shows the visionary and far-sighted leadership of PM Modi. This budget shows our stable economy, power of young India and multicultural work ethics...." pic.twitter.com/lJkR3tmLe9— ANI (@ANI) February 1, 2023
15:03 (IST)
Budget 2023 LIVE
What's cheaper, what do you have to pay more for?
Finance Minister Nirmala Sitharaman made some major announcements such as increasing the income tax rebate limit from Rs 5 lakh to Rs 7 lakh under the new tax regime while presenting her fifth Union Budget.
Sitharaman’s Budget speech also touched on which items will burn a hole in the pocket of the consumers and which will become affordable.
14:57 (IST)
Budget 2023 LIVE
Centre hikes farm credit target by 11% to Rs 20 lakh crore for FY24
Among other big-ticket announcements for agriculture and allied sectors, Nirmala Sitharaman -- in her budget speech -- said the Centre will launch a new sub-scheme of Pradhan Mantri Matsya Sampada Yojana with an investment of Rs 6,000 crore to improve value chain efficiencies and fisheries market
14:51 (IST)
Budget 2023 LIVE
Govt has announced a targeted Amritkaal Budget for Amritpidi
Budget 2023 proposals are thematic, thoughtful, thorough, and therapeutic. While it strengthens the fundamentals, it also empowers the peripherals to such a foundation. Adhering to the ‘Amritkaal’– the unique theme of this Union Budget visualises a new dream for India @100.
14:41 (IST)
Budget 2023 LIVE
What are the new income tax slabs and how much tax will you pay?
Finance Minister Nirmala Sitharaman in her Budget 2023 speech announced changes to the tax slabs in the new regime, providing relief to the middle class. She also announced that there would be no tax on an annual income of Rs 7 lakh under this
14:39 (IST)
Budget 2023 LIVE
Govt has taken several steps to empower the middle class and ensure ease of living, says PM Modi
Our Govt has taken several steps to empower the middle class and ensure ease of living. We have reduced tax-rate & have given relief accordingly: PM Narendra Modi on #UnionBudget2023
(Source: DD) pic.twitter.com/Q7v9CWUzRa— ANI (@ANI) February 1, 2023
14:30 (IST)
Budget 2023 LIVE
This budget is for a sustainable future, says PM Modi
This budget is for a sustainable future further encouraging green energy, green growth, green infrastructure, and green jobs. We have focused on technology & new economy in the budget: PM Narendra Modi on #UnionBudget2023
(Source: DD) pic.twitter.com/XwTMr7Evlb— ANI (@ANI) February 1, 2023
14:29 (IST)
Budget 2023 LIVE
Govt has taken several steps to make the lives of women easy, says PM Modi
Govt has taken several steps to make the lives of women, in rural & urban areas, easy. Women's self-help groups will further enhance them. Special savings scheme will be started empowering women in households: PM Narendra Modi on #UnionBudget2023
(Source: DD) pic.twitter.com/Tc3QFTFwem— ANI (@ANI) February 1, 2023
14:24 (IST)
Budget 2023 LIVE
Balanced and prudent budget with no negative surprises
The Union Budget 2023 announced by Finance Minister Nirmala Sitharaman is a balanced budget with no negative surprises, prudently maintaining a fiscal deficit target at 5.9 per cent while delivering a Rs 10 lakh crores capex and rationalising personal income tax.
14:21 (IST)
Budget 2023 LIVE
Scheme related to training, support for 'Vishvakarma' has been brought into the budget, says PM Narendra Modi
Those toiling traditionally through their hands for the country, 'Vishvakarma' are the creators of this country. For the first time scheme related to training & support for 'Vishvakarma' has been brought in the budget: PM Narendra Modi on #UnionBudget2023
(Source: DD) pic.twitter.com/9JgiCf56k3— ANI (@ANI) February 1, 2023
14:16 (IST)
Budget 2023 LIVE
First budget of Amrit Kaal will build a strong foundation for building a developed India, says PM Modi
This budget will fulfil the dreams of an aspirational society including poor people, middle-class people, and farmers, PM Narendra Modi added.
First budget of Amrit Kaal will build a strong foundation for building a developed India. This budget will fulfil dreams of aspirational society including poor people, middle-class people, farmers: PM Narendra Modi on #UnionBudget2023
(Source: DD) pic.twitter.com/AkrIl5pr1h— ANI (@ANI) February 1, 2023
14:07 (IST)
Budget 2023 LIVE
Budget: Centre aims to eliminate sickle cell anaemia by 2047
Union Finance Minister Nirmala Sitharaman, during her budget speech in Parliament, said that the central government aims to eliminate sickle cell anaemia by 2047, and a mission will soon be launched in this regard.
The mission will create awareness among the common people with a universal screening of seven crore people in the age group of 0 to 40 years in the tribal areas and counselling through collaborative efforts of central ministries and state governments.
ANI
13:59 (IST)
Budget 2023 LIVE
What Finance Minister Nirmala Sitharaman's red saree signifies
Union Finance Minister Nirmala Sitharaman is one of the most inspiring women in Prime Minister Narendra Modi’s 2.0 cabinet in many ways.
Besides being the first full-time female Defense Minister, she has built a name for herself since delivering her maiden Budget speech in 2019.
All eyes are on Sitharaman today as she presents her fifth Union Budget 2023.
13:58 (IST)
Budget 2023 LIVE
What Finance Minister Nirmala Sitharaman's red saree signifies
Union Finance Minister Nirmala Sitharaman is one of the most inspiring women in Prime Minister Narendra Modi’s 2.0 cabinet in many ways.
Besides being the first full-time female Defense Minister, she has built a name for herself since delivering her maiden Budget speech in 2019.
All eyes are on Sitharaman today as she presents her fifth Union Budget 2023.
13:51 (IST)
Budget 2023 LIVE
Focus was made on technology, health sector says Union MoS for Health Bharati Pravin Pawar
Focus was made on technology, health sector, sickle cell and its need for treatment. Development of ICMR labs & new tech has also been focused upon. All sectors are taken into consideration in the #UnionBudget2023: Union MoS for Health Bharati Pravin Pawar pic.twitter.com/sebDHrsRZA— ANI (@ANI) February 1, 2023
13:45 (IST)
Budget 2023 LIVE
A vision for Amrit kaal, emphasis on inclusive development
The budget for the year 2023-24 emphasises Infrastructure creation, expenditure on human development and reforms in the financial sector. Tax structure in the new personal income tax regime, to change by reducing the number of slabs to five and increasing the tax exemption limit to Rs 3 lakh.
13:43 (IST)
Budget 2023 LIVE
Stock market investors cheer, Sensex up over 1,000 points
Indian stock markets reacted positively to the Union Budget for 2023-24 with benchmark indices rising over 1,000 points to breach the 60,000 mark.
Barring the Nifty oil and gas index, all other indices traded in the green, National Stock Exchange data showed. Nifty bank, financial services, and private bank rose the most.
ANI
13:37 (IST)
Budget 2023 LIVE
I welcome the announcement of National Digital Library for children & adolescents, says Smriti Irani
I'd like to extend gratitude to PM Modi. I won't look at the Budget minutely. Going by today's pronouncements, I believe that in the budget, respect for women increased. I also welcome the announcement of National Digital Library for children & adolescents: Union Min Smriti Irani pic.twitter.com/cmjPcV1XTB— ANI (@ANI) February 1, 2023
13:35 (IST)
Budget 2023 LIVE
A believer in a low tax regime, says Karti Chidambaram
I am a believer in a low tax regime. So, any tax cuts are welcome because giving more money into the hands of the people is the best way to boost the economy: Karti Chidambaram, Congress MP
I am a believer in a low tax regime. So, any tax cuts are welcome because giving more money into the hands of the people is the best way to boost the economy: Karti Chidambaram, Congress MP pic.twitter.com/0Ea0vQGonb— ANI (@ANI) February 1, 2023
13:33 (IST)
Budget 2023 LIVE
Some good things in Union Budget 2023 but there was no mention of employment & inflation, says Shashi Tharoor
There was no mention of MNREGA, poor rural labour, employment and inflation. Some fundamental questions remained to be answered, added the Congress MP
There are some good things in #UnionBudget2023 but there was no mention of MNREGA, poor rural labour, employment & inflation. Some fundamental questions remained to be answered: Congress MP Shashi Tharoor pic.twitter.com/bgRdzhgj18— ANI (@ANI) February 1, 2023
13:24 (IST)
Budget 2023 LIVE
Agriculture Accelerator Fund will be set up to encourage agri-startups by young entrepreneurs, says FM
An Agriculture Accelerator Fund will be set up to encourage agri-startups by young entrepreneurs, said Finance Minister Nirmala Sitharaman.
Sitharaman added, “The agricultural credit target will be increased to Rs 20 lakh crores with a focus on animal husbandry, dairy and fisheries.”
Sitharaman’s budget for the fiscal year starting April 2023 is her fifth straight since 2019.
13:22 (IST)
Budget 2023 LIVE
Rs 5.94 lakh cr for Defence
Defence Ministry has been allocated Rs 5.94 lakh crores for the financial year 2023-24.
13:13 (IST)
Budget 2023 LIVE
Budget 2023 hopes to build on foundation of previous budget, blue print for India@100: Nirmala Sitharaman
Indian Finance Minister Nirmala Sitharaman on Wednesday tabled Union Budget 2023-24, which is the last full Budget of the second term of the BJP-led NDA government ahead of the general elections in 2024.
The Finance Minister got straight to the point, starting her Budget speech with focus on rural India.
She said the Budget for 2023-24 hopes to build on the foundation of the previous budget and blue print for India@100.
13:11 (IST)
Budget 2023 LIVE
India's first Amrit Kaal Budget inspired by 'Saptarishi' or the seven great sages
India’s Finance Minister Nirmala Sitharaman said that the Budget 2023 adopts seven priorities to guide India through the Amrit Kaal.
Terming these seven priorities as the ‘Saptarishi’, or seven great sages, the finance minister said that they are supposed to guide the country toward a better future and handle the major challenges it is currently experiencing.
13:09 (IST)
Budget 2023 LIVE
Sensex trading over 1,000 points higher after Budget speech
After FM Sitharaman's budget speech, Sensex trading over 1,000 points higher.
Ahead of finance minister Nirmala Sitharaman’s speech, Sensex breaches 60,000 points (up 0.9 per cent).
13:09 (IST)
Budget 2023 LIVE
Big announcement for MSMEs
"Credit guarantee for MSMEs - Rs 9000 crores infused in the corpus which will allow additional collateral-free credit of Rs 2 lakh crores; to be effective from April 1, 2023. The cost of raising funds for MSMEs will come down," said FM Sitharaman.
13:08 (IST)
Budget 2023 LIVE
Rs 7,000 cr outlay for Phase 3 of eCourts project
For efficient administration of justice, Phase 3 of the eCourt's project will be launched with an outlay of Rs 7000 crores, announced FM Nirmala Sitharaman.
13:08 (IST)
Budget 2023 LIVE
DigiLocker service and Aadhaar as foundational identity: FM
"A one-stop solution for reconciliation and updating of identity and address of individuals maintained by various govt agencies, regulators and regulated entities will be established using DigiLocker service and Aadhaar as foundational identity," said FM Nirmala Sitharaman.
13:05 (IST)
Budget 2023 LIVE
Government to launch Rs 2,200-crore Aatmanirbhar clean plant programme, says Sitharaman
The government will launch a Rs 2,200-crore Aatmanirbhar clean plant programme, Finance Minister Nirmala Sitharaman said on Wednesday. Presenting the Budget for 2023-24, she said an agriculture accelerator fund will also be set up to encourage agri-startups in rural areas.
She further said to enhance the yield of extra-long staple cotton, the government will adopt a cluster-based and value-chain approach.
13:04 (IST)
Budget 2023 LIVE
Financial support for poor in prisons and unable to afford penalty, bail amount, says Sitharaman
Finance Minister Nirmala Sitharaman on Wednesday said financial support will be provided to poor persons who are in prison and are unable to afford penalty and bail amounts.
The minister said this during her Budget speech in the Lok Sabha.”Support for poor persons who are in prisons and are unable to afford penalty or bail amount, required financial support will be provided,” she said.
13:02 (IST)
Budget 2023 LIVE
PAN to be used as single business ID for all digital systems
Finance Minister Nirmala Sitharaman on Wednesday said Permanent Account Number (PAN) will be used as a common identifier for all digital systems of specified government agencies.
The move would help in further promoting ease of doing business in the country.
Following its adaption, businesses will be able to use PAN without the requirement of any other data as a unique identifier for getting access to the national single window system.
13:01 (IST)
Budget 2023 LIVE
66% hike in Pradhan Mantri Aawas Yojana outlay to Rs 79,000 crore
The Union government will create Urban Infrastructure Development Fund on the lines of the Rural Infrastructure Development Fund and it will be managed by the National Housing Bank, says Finance Minister.
13:00 (IST)
Budget 2023 LIVE
After ‘Make in India’, government launches ‘Make AI in India, for India’
India’s Finance Minister Nirmala Sitharaman on Wednesday in her Budget 2023 speech said that the Indian government plans to set up three ‘Centres of Excellence for Artificial Intelligence (AI)’ in top educational institutions for realising the vision of Make AI in India and Make AI work for India.
Presenting the Budget for the fiscal year 2023-24 in Lok Sabha, Sitharaman further said that leading industry players will partner in conducting inter-disciplinary research, developing cutting-edge applications and scalable problem solutions in the areas of agriculture, health and sustainable cities.
The aim is to establish a strong AI ecosystem in India and to train skilled AI professionals.
12:55 (IST)
Budget 2023 LIVE
Driving the nation to Aatma Nirbhar, this budget will equip India with new-age infrastructure, says Nitin Gadkari
Nitin Gadkari said "Under the leadership of Hon'ble PM Shri Narendra Modi Ji, this first budget in Amit Kaal was presented by FM Smt. Nirmala Sitharaman Ji is envisioning a prosperous and inclusive India in which the fruits of development will reach all sections and citizens, especially our youth, women, farmers, OBCs, SCs, and STs."
"Driving the nation to Aatma Nirbhar, this budget will equip India with new-age infrastructure, decline imports and strengthen our energy sector with a futuristic approach."
12:46 (IST)
Budget 2023 LIVE
Here's what has changed in taxes
FM Nirmala Sitharaman, says government to reduce customs duty on shrimp feed to promote exports
Taxes on cigarettes hiked by 16 %
Basic import duty on compounded rubber increased to 25 % from 10 %.
Basic customs duty hiked on articles made from gold bars
Customs duty on kitchen electric chimney increased to 15 % from 7.5 %.
Customs duty on parts of open cells of TV panels cut to 2.5 %
Govt proposes to reduce customs duty on the import of certain inputs for mobile phone manufacturing.
12:43 (IST)
Budget 2023 LIVE
K-shaped recovery pushes government to focus on agricultural economy
Veer Trivedi, Research Analyst, SAMCO Securities, says, “As evidenced by the latest few quarterly results although the demand for premium products has been strong, the low and mid-segment products are witnessing poor growth. This is a classic example of a K-Shaped recovery where the economically lower segment has not been able to make a significant comeback. This has pushed the government to increase its focus on the Agri economy. The Government increases its agri credit target to Rs 20 lakh crore. The Government has also laid out comprehensive steps for Fisheries where an outlay of Rs 6,000 crore is announced. Further, the centre has also set up an agricultural accelerator fund to be set up to support agricultural startups.”
12:41 (IST)
Budget 2023 LIVE
Efforts on ease of doing business to improve India’s global ranking
Lalit Kumar, Partner, JSA, says, “Further carrying Government's agenda for ease of doing business. This is a routine announcement in every year's budget. The Government's efforts on ease of doing business have significantly improved India's global ranking in the last several years. Further steps announced will only enhance India's competitiveness. Easing of legal provisions is a need of the hour and therefore good announcements in the Budget."
12:41 (IST)
Budget 2023 LIVE
Middle class I-T concerns addressed
S Murlidharan, senior columnist, said that at last middle-class income tax concerns were addressed. The salaried class gets its due too.
12:39 (IST)
Budget 2023 LIVE
Increase in PMAY, capital outlay positive
Apurva Sheth, Head of Market Perspectives & Research, SAMCO Securities on PMAY and Capital Outlay, says, “The Budget for Pradhan Mantri Awas Yojana has increased by 66 per cent to Rs 69,000 crores. This is a major positive for low-cost housing providers and financiers. Further, the Budget for Capital Outlay increased 33 per cent to Rs 10 lakh crore, giving a significant boost to Capital Goods and Infra companies.”
12:38 (IST)
Budget 2023 LIVE
Focus on green growth to create job opportunities
Gaurav Kedia, Chairman of Indian Biogas Association, says the budget prioritises the adoption of green fuel, energy, and building practices to reduce carbon intensity and create new green job opportunities. The seven main priorities, referred to as "Saptrishi," aim to drive sustainable and environmentally-friendly economic development. The government's commitment to this "green growth" approach is a step towards building a cleaner and more prosperous future for all Indians. This is in the direction of India seeking a leadership role in mitigating the global climate crisis.
12:37 (IST)
Budget 2023 LIVE
Budget focus on food security commendable
Sharmila Oswal, Founder and MD of Gudmom and Millet Evangelist says, the government’s focus on food security is commendable with the strategic empowerment of the farmers and the agriculture sector. The agriculture accelerator fund to be set up for agri-startups and empowerment of women by way of self-help groups is also a powerful step to help women-led agriculture start-ups. The government's strong focus on millets, termed and respected as shrianna, will further help drive the harvest of and manufacturing of millet-based healthy food products, with financial assistance for scaling up Millets in emerging markets.
12:34 (IST)
Budget 2023 LIVE
FM Sitharaman introduces Jan Vishwas bill
FM Sitharaman introduces Jan Vishwas bill, reducing over 39,000 business compliances. More than 3,400 legal provisions have also been decriminalised. This is expected to facilitate ease of doing business. The bill will amend 42 central acts. This is a major step in improving business sentiment and releasing animal spirits.
12:29 (IST)
Budget 2023 LIVE
Custom duty on cigarettes increased: FM
Custom duty on cigarettes increased, said FM Nirmala Sitharaman. I propose to reduce the number of basic custom duty rates on goods other than textiles and agriculture, from 21 to 13. As a result, there are minor changes in the basic custom duties, cesses and surcharges on some items including toys, bicycles, automobiles, added FM Nirmala Sitharaman. I propose to provide relief on Customs Duty on import of certain parts and inputs like camera lens and continue the concessional duty on lithium-ion cells for batteries for another year, said FM Nirmala Sitharaman.
12:29 (IST)
Budget 2023 LIVE
Relief for common people, Income Tax rebate extended up to Rs 7 lakh
Income tax-rebate extended on income up to Rs 7 lakh in new tax regime, said FM Sitharaman Average processing time for income tax returns reduced from 93 days to 16 days. The government intends to roll out next-gen common IT Return forms and strengthen grievance redressal mechanism, added FM Sitharaman.
12:22 (IST)
Budget 2023 LIVE
Revised fiscal deficit is at 6.4 pc of GDP: FM
The revised fiscal deficit is at 6.4 per cent of GDP, said FM Sitharaman.
"FY-2024 fiscal deficit target at 5.9 per cent of GDP", added FM Sitharaman.
"I reiterate my intention to bring the fiscal deficit below 4.5 per cent of GDP by 2025-26", said FM.
12:19 (IST)
Budget 2023 LIVE
Jan Vishwas Bill introduced to unleash the potential of our economy, says FM
For enhancing Ease of Doing Business, more than 39,000 compliances have been reduced & more than 3,400 legal provisions have been decriminalized, says FM
The Jan Vishwas Bill has been introduced to amend 42 central acts & unleash the potential of our economy, added Sitharaman.
12:17 (IST)
Budget 2023 LIVE
100 labs for developing apps using 5G services will be set up in engineering institutions, says FM
100 labs for developing apps using 5G services will be set up in engineering institutions. To realize new range of opportunities, business models & employment potential, labs will cover among others, apps like Smart Classrooms, Precision Farming, Intelligent & Transports Systems, added FM Sitharaman
12:16 (IST)
Budget 2023 LIVE
Nursing colleges to National Digital Library; check out what all Govt has in store for students, youngsters
157 new nursing colleges will be established in colocation with the existing 157 medical colleges established since 2014: FM Nirmala Sitharaman.
Eklavaya Model Residential Schools -in the next 3 years the Centre will recruit 38,800 teachers and support staff for 740 schools serving 3.5 lakh tribal students, added FM Sitharaman.
A National Digital Library for children and adolescents will be set up for facilitating the availability of quality books across geographies, languages, genres and levels and device-agnostic accessibility, she added.
12:14 (IST)
Budget 2023 LIVE
States and cities to be encouraged to undertake urban planning reforms
States and cities to be encouraged to undertake urban planning reforms and actions to transform our cities into sustainable cities of tomorrow
12:13 (IST)
Budget 2023 LIVE
Outlay for PM Awas Yojana is been enhanced by 66% to over 79,000 crores, says FM
Poor persons who are in prisons and aren’t able to afford penalty or bail amount, required financial support will be provided: FM Nirmala Sitharaman
Budget 2023 LIVE Updates: Union Finance Minister Nirmala Sitharaman will present the Union Budget 2023-24 in Parliament today, the last full Budget of the Modi government in its second term.
This year’s Budget holds much significance as the country is scheduled to have the next Lok Sabha election in April-May 2024.
The budget session of the Parliament began on Tuesday with President’s address. This year’s budget session is going to have 27 sittings till 6 April with a month-long recess to examine the budget papers. The first part of the session will conclude on 13 February. Parliament will reconvene on 12 March for the second part of the Budget Session and conclude on 6 April.
The Union Finance Minister, Nirmala Sitharaman on Tuesday tabled the Economic Survey for the Financial Year 2022-23.
The Economic Survey said that India’s economic recovery from the COVID-19 pandemic is complete and the economy is expected to grow in the range of 6 per cent to 6.8 per cent in the coming financial year 2023-24. This is in comparison to 7 per cent this fiscal and 8.7 per cent in 2021-22.
Like the previous two Union Budgets, Union Budget 2023-24 will also be delivered in paperless form.
Amid growing public expectations around the Union Budget 2023, top business leaders of the country have also put forward their suggestions for Union Finance Minister Nirmala Sitharaman.
Arihant Infrastructures, CMD, Ashok Chhajer told ANI that the government should focus on reducing home loan rates.
“The government should reduce home loan rates. The affordable housing segment, which is capped at Rs 45 lakh, should be changed to Rs 60-75 lakh which is the average cost of a house in Metro cities and 2-tier cities,” said Chhajer.
Hiranandani Group MD, Niranjan Hiranandani said the Budget should focus on further investments in roads, railways, ports, airports and highways, as well as slum rehabilitation schemes.
He added that if multimodal transport becomes successful in the next 2-3 years, the logistics cost can be reduced by 3-4 per cent for every item in the country.
“Logistics cost in India is 13 per cent. If our multimodal transport matters become successful in the next 2-3 years, we can reduce logistics cost by 3-4 per cent for every item in the country,” he added.
A key expectation of the healthcare sector from the upcoming Budget 2023 is an increase in expenditure on healthcare infrastructure, said experts in this field.
Keeping the COVID-19 pandemic in view, the Budget 2021-2022 and 2022-2023 focused on the country’s healthcare sector.
During the Budget 2022-2023, the Centre in its Budget announced rolling out an open platform for the National Digital Health Ecosystem which consists of digital registries of health providers and health facilities, unique health identity and universal access to health facilities.
Besides, Sitharaman also highlighted the launch of the National Tele Mental Health Programme, which included building a network of 23 telecentres to support the mental well-being of individuals, and families.
According to Dr Ashutosh Raghuvanshi, Senior Vice President, NATHEALTH and MD and CEO, Fortis Healthcare, “India is amongst the most preferred destinations globally for medical tourism and therefore, increased policy support is required to encourage, facilitate medical value travel to India, develop MVT as an organized sector.”
“Another critical area is addressing the shortage of healthcare professionals – by identifying doctors, nurses and technical staff willing to work in Tier 2/3 cities and looking at non-traditional ways to double the number of doctors. We should look at best practices adopted in universities abroad (fall/summer admission pattern) to increase seats in existing medical colleges,” he said.
Dr Ashutosh further said the sector needs lower-cost financing through tax incentives for both existing and new healthcare projects. For new projects, the Government should provide a tax holiday period of 15 years and for existing projects, tax relief for 10 years as re-investment support.
The Indian Medical Association(IMA) has recently submitted suggestions to the government of India for the Budget. The IMA has submitted overall twelve suggestions for the Budget.
Some of them include– IMA feels the opportune time to do so has arrived. It is expected that GOI will be able to take this monumental step. Universal access to Health including safe water, sanitation, nutrition, primary education as well as eradication of poverty is a cornerstone in the path to the wellness of a society and nation. Conceptualizing good Governance to attain the wellness of a people could mean clubbing together these services (clinical, public health and social determinants) under one roof. At least drinking water, sanitation and poverty alleviation should be clubbed with Health as Ministry for wellness.
The Union Budget 2023 is a much-anticipated event for the real estate sector in India. Industry experts and stakeholders have high expectations from the government as they hope to see a number of reforms and initiatives that can help boost the real estate market and encourage investment in the sector.
The area of interest for the real estate sector is tax incentives. Real estate developers and investors are hoping for tax breaks and other financial incentives that can help lower the cost of developing new projects and make it more profitable for them. This can also encourage more investment in the sector and help boost the economy as a whole.
Another key area of focus for the real estate sector is affordable housing.
Industry experts said many people are struggling to find affordable housing options with the increasing cost of living and rising real estate prices.
The government is expected to announce new initiatives and funding for affordable housing projects to make them more accessible to a wider range of people.
The realty sector is looking forward to an increase in tax rebates, policy reformation, receiving industry status, and the long-awaited single window clearance. In addition, the real estate sector is hoping to see increased investment in infrastructure and transportation systems. This can help improve the accessibility and livability of real estate markets, making them more attractive to potential buyers and investors.
The stakeholders in the tourism business in Himachal Pradesh are expecting special provisions for the state in the next Union Budget.
The stakeholders of tourism Industry stakeholders in the region said they were hopeful of certain special provisions in the Budget for boosting tourism industries in hill states such as Himachal Pradesh.
Local travel agents and hoteliers’ said they want special budgetary provisions in the field of tourism, which contributes significantly to the state GDP.
Hotel businesses are also looking at a special package to boost religious tourism and sought separate allocations for the development of infrastructure.
As the countdown begins for the presentation of the Union Budget for fiscal 2023-24, citizens across a wide spectrum of society have put forward their expectations.
The Union Budget, also comprising the Railway Budget, will be presented on the floor of the Parliament on 1 February, Wednesday.
Meanwhile, homemakers said rising inflation is eating into their household budgets, making it difficult for them to put a leash on their expenses. They said the rising prices of essential food items and LPG cylinders have added to their woes.
The formal exercise to prepare the annual Budget for the next financial year (2023-24) commenced on 10 October.
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