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TMI BlogTMI Live commentary on Budget 2023X X X X Extracts X X X X X X X X Extracts X X X X ..... TMI Live commentary on Budget 2023 X X X X Extracts X X X X X X X X Extracts X X X X ..... Income above Rs 15 lakh to be taxed at Rs 30%. * New Tax Regime - No Tax upto Rs. 7 lakhs * TDS rates for EPF withdrawals, market linked debentures reduced from 30% to 20% in case of non -PAN cases. * Rebate u/s 87A - income tax - upto Rs. 7 lakhs - No tax is payable * Long Term Capital Gain exemption for residential properties qualifying u/s 54 and 54F increased to 10 cores * Carry forward of losses - in case of start ups - increased to 10 years in case of change in shareholding * Cash Deposit limit for primary agriculture society members increased to Rs. 2 Lakhs per member. * TDS on cash withdrawn by Co-operative Societies increased to 3 crores * Relief to sugar cooperative societies for payment to sugar cane farmers fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r Rs.10K Crores for the period prior to Year 2016-17 * Increase turnover limit for presumptive taxation * 45% of return process within 24 hours * Processing period of ITR reduced to 16 days only * Compounded rubber BCD increase 10 % to 20 % upto 30Kg * Reduce BCD on seeds as India has top diamond manufacture industries to promote employment. * Alcoholic use in industry exempt BCD * Customs duty reduced on Certain Green Fuel * Chemical and petrochemicals industries - reduce on BCD on acid, and other chemicals etc * Custom duty exemption for imports of Batteries for manufacturing industries * Green mobility scheme - Exempt excise duty and GST on gas compressed in bottle and battery use in EV vehicle * Customs Duties - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reduction in rates on various items - Reduced from 21 to 13% rate reduced BCD on goods other than Textile Industries and others * Fiscal Deficit is estimated at 5.9% of GDP and estimated to reduced to the FY to 4.5 till 2025-26 * Fiscal Deficit of states increased from 3.5% to 4.6% * Mahila samane bacht patra available up to March 2025 , which available in saving certificate @7.5% with partial withdrawal * Sr.. Citizen scheme investment scheme increased from 15 lakhs to 30 lakhs * Bank of India Act are being proposed * Single window for IFSC, banking units. SEZ for services related to GST RBI and other compliance * To simplify ease - to carry out comprehensive model by financial market * Innovative use of Financial markets ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - revamping of credit facilities from 1 st April 2023 * Handicraft product and other states products for tourism purposes * Unity mall setup by state government in state capital for tourism ,which available to one star one product * To prefer domestic tourism over international tourism - for middle class * 50 challenging destination will be added for tourism * PM Kaushal Vikas yojona 4.0 to to skill 4 lakhs youth * Replacing old polluting vehicles , vehicles scrapping policy - state will also supporting * Vehicle replacement policy launch, old poluting vehicle scraps the old vehicle allocate fund by CG and support by SG along with SG ambulance * Amrit drohar scheme for optimse use of wet land * Nature Farming - 1 Crores fa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rmers to adopt * Gobardhan programme - 500 waste to wet plant for biogas * PM Pranam Scheme - for fertilizers and balance use of chemical in fertilizers * Entity digi locker create for msme company and other corporate agecy for share documents to other government agency and banks * E-courts for efficient administration of cases 700 crores * Vivad se vishwas for MSME 95% forfeited amount will be return to them by govt * Information of return filer ,with the permission of return filer may be share with other government agency * PAN will be common identifier for all financial and government agencies * One stop solution for updating various KYC and other information through APP * KYC policies will be simplify * Digital Indi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... a * Artificial Intelligence * Ease of doing Business - For than 39 compliance's have been reduced and various provisions have been decriminalized * Modi government ensure to transperant and smooth administrative department work for common people * Under mission karma yogi - to provide opportunity to govt employees for enhancing skills * Enhanced focus for scientific management for dry and wet waste * 50 additional airports and helipads for regional air connectivity * 50-year interest free loan to State governments extended for one more year * Capital outlay - For Railway - 2.04 laksh cores - 9 times of budget of 2013-14 * Direct capital investments - 3.7 lakh crores which is 4.7% of GDP * Capital Investment increa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sed 33% to 10 Lakh Crores which is 3.3% of GDP * Focus on investment and infrastructure * 740 Eklavya model schools - for serving 3 lakh tribal students * To inculcate financial sector to age appropriate material for financial knowledge in those libraries. * National digital library for children and adults for accessibility of education material physically and digitally * National Children Libraries - Digital and Physical * Facilities of ICMR labs for research for public and pvt entities for encouraging collaborative developments * Research for Medical tools / equipments * Big plan to open new medical centers / hospitals / labs and medical research facilities. * Development and creation job - Promotion of tourism * P ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... M Kaushal Yojana / Vishwakarma Scheme - weaker sections and small scale household skilled workers
* Significant improvement in sustainable growth / economic sustainability
* 126 lakh crores UPI Payments
* 7400 crores digital payments
* Per capita income increased X X X X Extracts X X X X X X X X Extracts X X X X
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