Speaking to DD after Budget 2023, FM Nirmala Sitharaman said, "Old  regime of taxation is complicated and the new regime will be helpful and benefit the people.  We have raised  Tax  slabs and surcharges also have been reduced in new regime. The new  system will be default system but any one can opt for old  system."

'Old Tax Regime Complicated'

While the Indian markets instantly cheered Budget 2023, Sensex settled 158 points up at 59,708.08 while Nifty ended 45 points down at 17,616.

Sensex Ends Over 150 Points Up

Customs duty on parts of TV panels has been cut to 2.5%.

TVs May Get Cheaper

"Salaried class and pensioners including Family pensioners for whom I propose to extend the Benefit of Standard deduction to the new tax regime . Each salaried person with an income of Rs 15.5 lakhs or more to benefit by Rs 52,500," says FM Nirmala Sitharaman.

Standard Deduction Included in New Tax Regime

The new tax rates are 0 to Rs 3 lakhs – nil, Rs 3 to 6 lakhs – 5%, Rs 6 to 9 Lakhs – 10%, Rs 9 to 12 Lakhs – 15%, Rs 12 to 15 Lakhs – 20% and above 15 Lakhs – 30%

Tax Slabs Overhauled in New Regime

I propose to increase income tax rebate limit to Rs 7 lakh from Rs 5 lakh under the new income tax regime: FM Nirmala Sitharaman

Income Tax Rebate Limit Increased to Rs 7 Lakh

Nirmala Sitharaman's Budget announces 16% increase in NCCD on certain cigarettes. NCCD is a surcharge and a type of excise duty which can be levied independently of the excise duty as contemplated under the provisions of Fourth Schedule to the Central Excise Act, 1944.

NCCD on Cigarettes Increased by 16%

Customs duty lowered for mobile phone components & TV sets, announces Finance Minister Nirmala Sitharaman

Customs Duty Lowered on Mobile Parts

Basic Customs Duty on Electric Kitchen Chimneys raised from 7.5% to 15.00%.

Electric Chimneys Basic Customs Duty Up

Fiscal deficit expected to be 5.9% of GDP in FY24, to bring it below 4% by 2025-26: FM Nirmala Sitharaman

Fiscal Deficit Expected to be 5.9% of GDP

Senior citizens' saving limit increased to Rs 30 lakh from Rs 15 lakh

Senior Citizens' Saving Limit up to Rs 30 Lakh

States will be encouraged to set a ‘Unity Mall’ in state capital or the most popular tourist destination in the state for the promotion and sale of ‘One District, One product’ and GI products and other handicraft: FM Sitharaman

Unity Malls in States for Tourism Push

To skill the youth for international opportunities, 30 Skill India International Centres will be set up across different States: FM Nirmala Sitharaman

30 Skill India International Centres

100 labs for development of 5G apps to be set up in engineering institutes. Lab grown diamonds production to be encouraged via grant to an IIT: Nirmala Sitharaman

100 Labs For 5G Apps

50 additional airports, helipads, water aero drones, advanced landing grounds will be revived to improve regional air connectivity: FM Nirmala Sitharaman

50 Additional Airports to Improve Air Connectivity

PAN will be used as common identifier for all digital systems of specified govt agencies: FM Nirmala Sitharaman

PAN as Common Identifier

Three centres for excellence For artificial intelligence will be set up in top institutes: FM Nirmala Sitharaman

Big Push For AI, Centres to be Set up

Big jump in PM Awas Yojana, as allocation hiked 66% to Rs 79000 Cr. 

PM Awas Yojana Allocation Hiked 66%

Rs 15,000 Crore Will Be Spent In Three Years On Scheduled Tribe Mission: FM Nirmala Sitharaman in Budget 2023 Speech

Rs 15,000 For Scheduled Tribe Mission

PM Vishwa Karma Kaushal Vikas Scheme, a package of assistance for traditional artisans and crafts people, has been conceptualised. It will enable them to improve quality, scale and reach of their products, integrating with MSME value chain: Nirmala Sitharaman in Budget 2023 speech

PM Vishwa Karma Kaushal Vikas Scheme

The agricultural credit target will be increased to Rs 20 lakh crores with a focus on animal husbandry, dairy and fisheries: FM Nirmala Sitharaman

'Agriculture Credit to be Increased'

Promotion of tourism will be taken up on mission mode, says Finance Minister Nirmala Sitharaman in Budget 2023 speech

'Tourism Promotion on Mission Mode'

FM Nirmala Sitharaman in Budget 2023 speech: "Indian economy has risen from being 10th to fifth largest economy."

'Indian economy has risen to be fifth largest'

Finance Minister Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament. She began her speech by calling it the "first Budget of Amrit Kaal".

FM Presents Budget 2023 in Parliament

The markets seem to have high expectations from FM Nirmala Sitharaman's Budget 2023. Sensex was trading over 500 points higher minutes before the Budget presentation.

Sensex up by 540 Points

Union Budget 2023 copies have arrived in Parliament. FM Nirmala Sitharaman will present the Budget shortly. 

Budget Copies Arrive in Parliament

The Union Cabinet met at Parliament ahead of Union Budget 2023. Finance Minister Nirmala Sitharaman will deliver her Budget speech at 11 am. 

Cabinet Meets Ahead of Budget 2023 Speech

Union Minister of Finance and Corporate Affairs Nirmala Sitharaman, MoS Dr Bhagwat Kishanrao Karad, MoS Pankaj Chaudhary and senior officials of the Ministry of Finance called on President Droupadi Murmu at Rashtrapati Bhavan before presenting the Union Budget 2023-24.

Budget 2023 Team Meets President Droupadi Murmu

The Indian markets opened in green ahead of Union Budget 2023. While Sensex opened 347 points up, Nifty was over 100 points up. 

Markets Open in Green Ahead of Budget 2023

MoS Finance Pankaj Chaudhary says, "You will see that every section is included in Budget. It will meet the expectations of every section of society. Modi govt has always worked in the favour of the people of the country."

Every Section Included in Budget 2023: MoS Finance

In Budget 2023, industry players are also expecting to tax incentives on insurance. Industry players said that the Union Budget is an opportunity to introduce new reforms for the betterment of the citizens and the nation at large.

Tax Incentives on Insurance Expected

There are also expectations around an increase in tax exemptions on home loan principal and interest payments in Union Budget 2023.

More Home Loan Tax Incentives?

In Budget 2023, there is an expectation that the government might give relief to individual taxpayers by raising tax exemption or rebate limit.

Tax Exemption Limit May Increase

Akshit Bansal, Founder & CEO of Statiq said, “As a leading EV-charging network in the country, the government should re-examine its tax and tariff policies on not only EVs but also related component requirements for the e-mobility ecosystem."

Re-examine Taxes, Says EV Industry 

The financial technology (fintech) industry is hoping to get further push from the budget 2023 in order to move ahead and increase the network of digital payments.

Fintech Industry Hopes For Further Push

According to Kantar ITOPS 2022 study, the pandemic had hit the MSME businesses hard, but the segment has bounced back and is currently extremely positive about the business and Indian economy despite worry of tough global economic scenario.

MSMEs Positive About Indian Economy

Economic Survey has pegged FY23 Real GDP growth At 7%. Domestic demand, capital expenditure pick-up to aid growth

FY23 Real GDP Pegged at 7%

India’s recovery from pandemic was relatively quick; growth to be supported by domestic demand, pick up in capital investment, says Economic Survey 2022-23.

'India's Recovery From Pandemic Relatively Quick'

Finance Minister Nirmala Sitharaman on Tuesday presented the Economic Survey 2022-23, the report card of India’s economy, in Parliament. According to the Economic Survey 2022-23, India’s real GDP growth for the next financial year FY24 is pegged at 6-6.8 per cent.

FY24 GDP Growth Seen At 6-6.8%

More than half the households expect a decline in their income the current financial year, as compared to the previous fiscal. Most are looking for a respite in the coming budget as they stare at uncertainty when it comes to their earnings and savings, as per a survey.

60% Households Expecting Decline in Income, Looking for Relief

In India, therapy sessions cost anywhere between Rs 1,000-4,500 on an average depending upon where one lives. Those who are recommended by their psychiatrist to seek therapy are sceptical because of the high cost. Dr Neerja Birla, founder and chairperson, Mpower and Aditya Birla Education Trust, says, the cost is the tip of the iceberg. “Mental-health issues do not go away with one or two sessions. At Rs 1,000-1,500 per session, an average person cannot afford 10-20 sessions that are required to put him or her firmly on the path of recovery.”

FM Should Consider Mental Health Insurance, Say Experts

The traditional 'Halwa ceremony' was on Thursday (January 26) held in the North Block, marking the final stage of the Budget preparation process for the Union Budget 2023-24. The ceremony was held in the presence of Finance Minister Nirmala Sitharaman and Union Ministers of State for Finance Pankaj Chaudhary and Bhagwat Kisanrao Karad.

Halwa Ceremony Held To Mark Final Stage of Budget Preparation Process

Ahead of Budget 2023, the economic survey will also be tabled on Tuesday, January 31. The Economic Survey of India broadly covers the state of the Indian economy, fiscal developments and monetary management, and external sectors.

Economic Survey 2023 to be Presented on January 31

Finance Minister Nirmala Sitharaman's Union Budget 2023 team consists of TV Somanathan, Ajay Seth, Tuhin Kanta Pandey, Sanjay Malhotra, Vivek Joshi and V Anantha Nageswaran. 

TV Somanathan, Ajay Seth Part of FM's Squad Preparing Budget Document

Union Budget 2023-24, which will be presented on February 1 by Finance Minister Nirmala Sitharaman, will be delivered in paperless form, like the previous two Budgets, the finance ministry said on Wednesday. The Budget 2023 documents will be available on mobile apps.

Budget to be Available in Paperless Form on Union Budget App

The Union Budget 2023 will be presented on February 1, 2023. Finance Minister Nirmala Sitharaman will deliver the Budget Speech in Parliament on Wednesday. This will be her fifth Budget Speech.

FM Nirmala Sitharaman to Present Union Budget 2023 on Wednesday, February 1 

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महाराष्ट्राचं राजकारण ज्या नावाशिवाय पूर्ण होऊ शकत नाही ते नाव म्हणजे शरद पवार. (Sharad Pawar) मुरब्बी, द्रष्टे, कृषिप्रश्नाची उत्तम जाण असलेले, प्रशासनावर पकड असलेले आणि जनमानसात आदराचं स्थान असलेले राजकीय नेते म्हणजे शरद पवार. ते सत्तेत असोत किंवा नसोत, महाराष्ट्राचं राजकारण त्यांच्याभोवती फिरतं असं म्हटलं जातं.
शरद गोविंदराव पवार यांचा जन्म 12 डिसेंबर 1940 रोजी पुणे जिल्ह्यात बारामतीमध्ये (Baramati) झाला. त्यांच्या आई शारदाबाई 1938 मध्ये पुणे जिल्हा लोकल बोर्डाच्या शिक्षण समितीच्या प्रमुख होत्या, तर वडील बारामतीतल्या सहकारी बँकेचे पहिले व्यवस्थापक होते. कॉलेजमध्ये असताना तत्कालीन मुख्यमंत्री यशवंतराव चव्हाण (Yashwantrao Chavan) यांच्या भाषणाने ते प्रभावित झाले. चव्हाणांच्या संपर्कात आल्यानंतर त्यांनी पवारांमधले नेतृत्वगुण हेरले आणि वेळोवेळी मार्गदर्शन केलं. चव्हाणांच्या सांगण्यावरून शरद पवारांनी युवक काँग्रेसमध्ये प्रवेश केला आणि वयाच्या 24व्या वर्षी ते युवक काँग्रेसचे अध्यक्ष झाले. पवार यशवंतरावांना आपले राजकीय गुरू मानतात.
1967 साली पवारांनी पहिल्यांदा बारामती मतदारसंघातून विधानसभा निवडणूक लढवली. वयाच्या 29व्या वर्षी वसंतराव नाईक यांच्या मंत्रिमंडळात त्यांचा समावेश झाला. त्यानंतर 1972 आणि 1978 सालच्या निवडणुकीतही ते सलग विजयी झाले. पवार यांचे आणखी एक मार्गदर्शक वसंतदादा पाटील 1978 साली मुख्यमंत्री झाले; पण काँग्रेसचे 12 आमदार फोडून शरद पवारांनी विरोधी पक्षाबरोबर हातमिळवणी केली आणि पुरोगामी लोकशाही दल म्हणजेच &#8216;पुलोद&#8217;चं सरकार स्थापन केलं. वयाच्या 38व्या वर्षी पवार महाराष्ट्राचे सर्वांत तरुण मुख्यमंत्री बनले. ‘माझ्या पाठीत खंजीर खुपसला ’अशी प्रतिक्रिया वसंतदादा पाटील यांनी दिली होती. हे सरकार दीड वर्षापेक्षा जास्त काळ चाललं होतं. जनता पक्षात फूट पडली. इंदिरा गांधींच्या (Indira Gandhi) शिफारशीनंतर महाराष्ट्रात राष्ट्रपती राजवट लागू झाली आणि पवारांचं हे पहिलं सरकार बरखास्त झालं.
इंदिरा गांधींच्या हत्येनंतर राजीव गांधी (Rajeev Gandhi) यांनी सूत्रं हाती घेतली आणि शरद पवारांनी परत काँग्रेसमध्ये येऊन काम करावं अशी इच्छा त्यांनी व्यक्त केली. त्यानुसार 1984 साली बारामतीमधून त्यांनी पहिल्यांदा लोकसभेची निवडणूक लढवली; पण महाराष्ट्रातल्या काँग्रेसलाही भक्कम नेतृत्वाची गरज होती. शंकरराव चव्हाण यांना राजीव गांधी यांनी केंद्रीय मंत्रिमंडळात घेतलं आणि काँग्रेसमध्ये परतलेले शरद पवार 1988मध्ये महाराष्ट्राचे दुसऱ्यांदा मुख्यमंत्री झाले. त्याच वेळी शरद पवारांच्या हातून पंतप्रधानपदाची संधी पहिल्यांदा निसटली असं राजकीय विश्लेषकांचं मत आहे. राजीव गांधी यांच्या हत्येनंतरच्या निवडणुकीत काँग्रेसला पूर्ण नाही, पण जवळपास बहुमत मिळालं होतं; पण पवारांचं पंतप्रधानपद पुन्हा हुकलं आणि नरसिंह राव पंतप्रधान झाले. रावांच्या मंत्रिमंडळात शरद पवार संरक्षणमंत्री होते; पण राज्य काँग्रेसमधल्या अंतर्गत मतभेदांमुळे तत्कालीन मुख्यमंत्री सुधाकरराव नाईक यांना राजीनामा द्यावा लागला आणि 6 मार्च 1993 रोजी शरद पवार पुन्हा एकदा राज्याचे मुख्यमंत्री झाले. पवारांची ही मुख्यमंत्रिपदाची चौथी कारकीर्द होती. ती खूप वादग्रस्त ठरली.
12 मार्च 1993 रोजी मुंबईत भीषण बॉम्बस्फोट झाले. सप्टेंबर महिन्यात लातूर आणि उस्मानाबादमध्ये भूकंप झाला. त्यात जळगाव सेक्स स्कँडल, गोवारी समाजातल्या मोर्चेकऱ्यांवर झालेला लाठीचार्ज, अण्णा हजारे यांनी वनखात्यातल्या भ्रष्टाचाराबाबत केलेलं उपोषण अशा अनेक घटना याच काळात घडल्या. याचा परिणाम म्हणजे 1995 मध्ये राज्यात विधानसभा निवडणुकीत पहिल्यांदाच काँग्रेसचा पराभव झाला आणि शिवसेना-भाजप युतीचं सरकार आलं.
सोनिया गांधी (Sonia Gandhi) विदेशी असल्याचा मुद्दा घेऊन पवारांनी 1999 मध्ये पी. ए. संगमा, तारिक अन्वर यांच्या सोबतीने राष्ट्रवादी काँग्रेसची स्थापना केली. काँग्रेसमधलं शरद पवारांचं हे दुसरं बंड होतं. 1999मध्ये महाराष्ट्रात काँग्रेस आणि राष्ट्रवादी काँग्रेसची आघाडी झाली. 2004 मध्ये केंद्रात यूपीएचं सरकार आलं; पण सोनिया गांधींनी पंतप्रधान व्हायला नकार दिला. शरद पवार तेव्हा काँग्रेसमध्ये असते तर पंतप्रधान झाले असते असं म्हटलं जातं. पवार या सरकारमध्ये 10 वर्षं कृषिमंत्री होते.
ज्याचा कुणालाही अंदाजही येत नाही ते शरद पवार करतात असं म्हटलं जातं, याची प्रचिती 2019 च्या विधानसभा निवडणुकीनंतर आली. भाजपला बाजूला सारून काँग्रेस-राष्ट्रवादी काँग्रेस-शिवसेना अशा कुणी विचारही केला नव्हता अशा महाविकास आघाडीचं (Mahavikas Aghadi) सरकार स्थापन झालं आणि उद्धव ठाकरे मुख्यमंत्री झाले. राज्यात आणि केंद्रात अत्यंत महत्त्वाच्या जबाबदाऱ्या सांभाळणाऱ्या पवार यांनी शिक्षण, कृषी संस्थांसाठीही भरीव योगदान दिलं आहे. क्रिकेटमध्येही पवारांचा दबदबा आहे. त्यांनी ICC च्या अध्यक्षपदाबरोबरच कुस्तीसारख्या देशी खेळांनाही प्रोत्साहन दिलं. प्रचंड वाचन, अफाट स्मरणशक्ती, सांस्कृतिक, कला क्षेत्रातला त्यांचा वावर, राजकारणापलीकडे अन्य पक्षातल्या नेत्यांशी मैत्री, पुरोगामी विचार आदी गुणवैशिष्ट्यं असलेले शरद पवार कसलेले दूरदर्शी नेते आहेत.
प्रतिभा पवार या त्यांच्या पत्नी, खासदार सुप्रिया सुळे (Supriya Sule) या त्यांच्या कन्या, तर अजित पवार (Ajit Pawar) हे त्यांचे पुतणे आहेत. कितीही व्यग्र असले तरी आपल्या कुटुंबासाठी शरद पवार आवर्जून वेळ काढतात.

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