Union Budget 2023: Top 10 Takeaways from Budget 2023

WRITTEN BY Saumya Jaiswar 2023-02-01,12:43:01 news

New Tax Rates

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%.

Seven Priorities of Budget 2023

Inclusive Development, Green Growth, Reaching the last mile, Infra & investment, unleashing the potential, Youth power and financial sector

Improvement in Agriculture

Digital public infrastructure for agriculture to be built

Facilitation of Education

National Digital Library for children and adolescents will be set up for facilitating quality books

PM Awaas Yojana

The outlay for PM Awaas Yojana being enhanced by 66% to over Rs 79,000 crores

Common identifier for all digital systems

PAN will be used for common identifier for all digital systems of specified government agencies

Customs Duty

Customs duty on lab grown diamonds to be reduced

Urban infra development fund

Govt to spend Rs 10,000 crore per year for urban infra development fund

Indian Railways

Rs 2.40 lakh crore boost for the Indian Railways, increasing the budgetary allocation for the sector

Fiscal deficit

FY-2024 fiscal deficit target at 5.9% of GDP

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