23 C
Guwahati
Saturday, April 20, 2024

Budget 2023: FM Sitharaman Meets President Murmu,Cabinet meeting next

Must Read

Batori24 Bureau
Batori24 Bureau
Batori24 is a Vernacular based Assamese news portal based in Guwahati Assam. We are a dedicated news channel covering news and stories across the globe with special reference to Assam, north-east along with National and International news.

Budget 2023: Today, all eyes will be on Union Finance Minister Nirmala Sitharaman, who will present the final full-fledged budget of Prime Minister Narendra Modi’s second term. Sitharaman previously stated that the upcoming Union Budget will be in the spirit of previous budgets. According to experts, the Budget 2023-24 may not make any significant changes to the taxation system other than fine-tuning the existing direct and indirect taxation regimes.

 

The 2022-23 Economic Survey, which was tabled in Parliament on January 31, maintained India’s GDP growth in nominal terms at 11% and 6.5% in real terms for 2023-24. Despite the three shocks of Covid-19, the Russia-Ukraine war, and synchronised policy rate hikes by central banks around the world, “agencies worldwide continue to project India as the fastest growing major economy,” according to the survey.

Also Read: India’s GDP growth to slow down in 2023-24: JP Morgan

Taxpayers are hoping for an increase in the current taxable income exemption from Rs 2.5 lakh to Rs 5 lakh in the upcoming Union Budget 2023-24. According to experts, this could result in an extra Rs 1,000 per month for all taxpayers.

Nirmala Sitharaman, Union Finance Minister, is the sixth minister in independent India to present five consecutive budgets, joining a select group that includes Manmohan Singh, Arun Jaitley, and P Chidambaram. Sitharaman’s budget for the fiscal year beginning April 2023 is her fifth in a row.

The stock market opened on a high note ahead of the Union Budget 2023-24. The Sensex was up 437.32 points and was trading at 59,987.22.

According to experts, the healthcare sector requires commercially low-capital-intensive projects at the district and taluka levels to address high patient volumes and provide affordable pricing for quality services.

- Advertisement -
- Advertisement -

Latest News

Bhupen Borah heads to Jorhat, to face police Inquiry amid Political turmoil

Police in Jorhat have summoned Assam Congress chairman Bhupen Borah to appear before them on January 31 in relation to a case involving the Bharat Jodo Nyay Yatra, which is suspected of deviating from its approved route in the district.
- Advertisement -

More Articles Like This

- Advertisement -