Union Budget 2023-24 : Highlights & Analysis
1. What are the key highlights of the Union Budget 2023-24?
The key highlights of Union Budget 2023-24 are a revised direct tax regime, focusing on infrastructure development, boosting agriculture and rural economy, empowering women, boosting healthcare, boosting education etc.
2. What is the budget analysis for India in 2023-24?
The government intends to allocate Rs 45,03,097 crore in the fiscal year 2023-24 In the fiscal year 2023-24, the receipts (excluding borrowings) are anticipated to reach Rs 27,16,281 crore. The total receipts for 2022-23 are projected to be 6.5% higher than the initial budget estimates.
3. What is the central Union Budget 2023-24?
The Finance Minister Ms. Nirmala Sitharaman unveiled the Union Budget for the fiscal year 2023-24 on February 1, 2023. The budget plan is to allocate Rs 45,03,097 crore for government expenses in the coming financial year.
4. What is the theme of Budget 2023 India?
The theme of the budget was âVasudhaiva Kutumbakamâ. It is an agenda that puts people at the centre, to tackle global challenges. Its goal is to promote sustainable economic development, improve living standards and ensure a dignified life for everyone.
5. What are the pillars of the budget for 2023?
The Union Finance Minister has given 7 pillars or Saptarishi and those are inclusive development. reaching the last mile, infrastructure investment, unleashing potential, green growth, youth power and financial sector.
Union Budget 2023-24 : Highlights & Analysis
Union Budget 2023-24: The Union Budget is the annual budget of the Indian Union. It is presented every year in February by the Union Finance Minister. It focuses on development that is inclusive of all. It includes people from certain groups and a few regions under Sabka Sath, and Sabka Vikas. It includes Scheduled Castes, Scheduled Tribes, OBCs, farmers, women, EWS and PwDs.
The main goals include boosting farmersâ income and generating job opportunities in rural regions. Additionally, the government plans to allocate Rs. 2 lakh crore for providing free food grains to all priority households as part of the PM scheme. The budget also focuses on the Northeast Region (NER), UTs of J&K and Ladakh. The act also aims to incentivize the private sector. It will help to create jobs and push growth. To increase the capex and raise more revenues via disinvestment, the Government is focusing on âMinimum Government, Maximum Governanceâ.
Table of Content
- Union Budget 2023
- Highlights of Union Budget 2023-24?
- Union Budget 2023-24 Analysis
- Key Takeaways of the Union Budget
- Sources of Receipt for the Government
- Important Schemes and Budgetary Allocations