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Sunday, March 26, 2023

Union Budget 2023: Key Highlights of Nirmala Sitharaman Budget – Times of India

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NEW DELHI: Finance minister Nirmala Sitharaman presented her fifth and the last full year Budget of the Modi 2.0 government on Wednesday.
Sitharaman termed the Union Budget 2023 as the first Budget of ‘Amrit Kaal’ and said that the Indian economy is is growing the fastest among major economies.
Also See: Budget Live
The Union Budegt for the upcoming financia year 2023-24 aims to boost growth amid concerns about the impact of the global slowdown.
The finance minister in her speech noted that inspite of massive slowdown globally as a result of Covid-19 pandemic and Russia-Ukraine war, India’s economy is on right track and moving towards a brighter future.
Here are the highlights from Sitharaman’s Budget presentation:

  • Sitharaman lists seven priorities of Budget, including infra, green growth, financial sector, youth power.
  • India’s per capita income has increased to Rs 1.97 lakh crore, says Sitharaman.
  • Govt efforts since 2014 have ensured better quality of life for citizens of the country, says FM Sitharaman
  • Green growth efforts to help reduce carbon intensity; create green job opportunities: FM Sitharaman
  • India’s economy to grow by 7%, highest among all major economies inspite of massive slowdown globally as a result of Covid-19 pandemic and Russia-Ukraine war, says Nirmala Sitharaman
  • This shows that Indian Economy is on right track, and heading towards a bright future even amidst global challenges, finance minister said.
  • In the 75th year of Independence, world has recognised India as a bright star, says Sitharaman.
  • The Union Cabinet headed by Prime Minister Narendra Modi has approved the Budget for the fiscal year 2023-24.
  • Finance minister Nirmala Sitharaman met President Droupadi Murmu at the Rashtrapati Bhawan before proceeding to the Parliament for budget presentation.
  • Sitharaman yet again opted for a digital tablet wrapped in a traditional ‘bahi-khata’ style pouch for the Budget presentation.
  • The tablet was carefully kept inside a red cover with a golden-coloured national emblem embossed on it.

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