Budget 2023 - 24
Today India’s 2023-24 budget was declared. Which was presented by Indian Finance Minister Nirmala Sitharaman Mam. She said that due to getting the presidency of G20, India is strengthening its position at the global level. The Indian economy is continuously increasing. And we have achieved progress goals.
Budget 2023: The growth of the country at 7 per cent in FY23 will be the highest among all the major economies in the world
- Under PM Kisan Yojana, the Centre has made cash transfers of Rs 2.2 trillion so far. “The country is far more formalised now”, FM said.
- There have been 96 million of new LPG connections, 2.2 billion Covid-19 vaccinations for 1.02 billion people and 478 million of new Jan Dhan accounts.
- The maximum deposit limit for Senior Citizen Savings Scheme will be
enhanced from ` 15 lakh to ` 30 lakh. - Personal Tax limit Increase up to 5 Lakh to 7 lakh
- In line with its commitment to ensuring food security, the Centre has implemented PM Garib Kalyan Ann Yojana from January 1, 2023, a scheme to supply free food grain to all Antyodaya and priority households for one year.
- 9.6 crore LPG connections under Ujjawala, 220 crore Covid vaccination of 102 crore persons,11.7 crore household toilets under Swachh Bharat Mission
- Insurance cover for 44.6 crore persons under PM Suraksha Bima and PM Jeevan Jyoti Yojana,
- Cash transfer of ` 2.2 lakh crore to over 11.4 crore farmers under PM Kisan Samman Nidhi.
- The Centre will set up an agriculture accelerator fund to encourage agri startups in rural areas. Also, digital public infrastructure for agriculture will be built as open source, open standard and the interoperable public good.
- The agriculture credit target will be increased
to ` 20 lakh crore with focus on animal husbandry, dairy and fisheries.
- PM Matsya Sampada Yojana with targeted investment of ` 6,000 crore to further enable activities of fishermen, fish vendors, and micro & small enterprises, improve value chain efficiencies, and expand the market
- 16% tax hike on certain cigarettes
- Heavy industries goes doubles 93% goes towards E-Mbility.
What got Cheaper
- Smartpones
- Television
- Cameras
- lab-grown diamonds
- List Item #1
- Lithium-Ion Batteries
What got Costlies
- Gold
- Silver
- Cigarettes
- Bicycles
- Electric Kitchen chimney
- Industrial Rubber
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