Finance Minister Nirmala Sitharaman presented the Union Budget 2023 today. A 33% rise in Capex spending and the new tax slabs for personal income, particularly “No Tax till 7 Lakhs,” are two of the most significant announcements made by the minister. The budget also lays focus on “Green growth,” clean energy storage and transmission, increases budget allocations under PM Garib Kalyan Yojana for Rural welfare and Pradhan Mantri Awas Yojana (PMAY). Likewise, Khelo India, the country’s sports development program also gets an increased allocation in the budget.
FM Nirmala Sitharaman presents Union Budget 2023