Budget 2023 Live News Updates and Highlights: FM Nirmala Sitharaman Announces to Extend 50-Year Interest Free Loan to State Governments for One More Year
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New Delhi, February 1: All eyes will be on the Union Budget 2023-24, which Union Finance Minister Nirmala Sitharaman will present in Parliament today. Nirmala Sitharaman will table the Budget 2023 in Lok Sabha at 11 am.┬аBudget 2023 could be the last full-fledged Budget of the Modi government in its second term with the next Lok Sabha elections due in April-May of 2024. Stay connected with┬аToday News 24 for Budget 2023 live news updates. We will provide instant live updates on the Budget presentation, new income tax slabs and other budgetary announcements.
While the government is expected to make a slew of announcements in the Budget 2023-24 to improve India’s economy, its announcement on the income tax will be keenly watched. A section of salaried class people wants the government to raise the income tax exemption limit from existing Rs 5 lakh. They also wish for┬аdoubling of Standard Deduction to Rs 1 lakh and hike in deductions under Sections 80C (like PPF contribution) 80D (like health insurance premium).┬аIncome Tax Slabs: Know Current Tax Rates for Individuals Under New and Old Tax Regimes Ahead of Budget 2023.
The expectations of various sectors from the Budget 2023 are also out with people sharing their wish list and expressing their demands. According to┬аUnion Minister of State (MoS) for Finance Pankaj Chaudhary,┬аthe Union Budget for 2023-24 will focus on improving the economic conditions of the people, not the upcoming elections. Here it may be noted that crucial states like Karnataka, Rajasthan and Madhya Pradesh will go to polls this year.┬аUnion Budget 2023: Whole World Has Its Eyes on India’s Budget, Says PM Narendra Modi (Watch Video).
Union Budget 2023-24 Live Streaming:
“As far as budget is concerned in view of elections, elections keep coming and going, but how to improve the economic condition of the people of the country, Hon’ble Modi ji’s attention is always there and it will be seen in this budget also,” Chaudhary told news agency ANI.┬аBudget will be in line with the expectations of the general public, keeping in mind all sections of society, the MoS added.
Stay here with us to catch live news updates on the Budget 2023-24 presentation by Union Finance Minister Nirmala Sitharaman in Parliament today.