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Tuesday Feb 07, 2023

Union Budget 2023 | Union Finance Minister Nirmala Sitharaman reached the Parliament, all eyes on the fourth day of the budget session


Nirmala Sitharaman's big announcement in Budget 2022, 400 new Vande Bharat trains will be started

File Photo

New Delhi : Today is the fourth day of the Union Budget session in Parliament. For which Union Finance Minister Nirmala Sitharaman has reached Parliament. The Finance Minister will inform all BJP MPs about the budget in Parliament. During this, all Rajya Sabha and Lok Sabha MPs are expected to be present.

Union Minister Piyush Goyal, Kiren Rijiju along with BJP MPs Sukant Mazumdar and Sushil Modi have also reached Parliament. Let us inform that the proceedings of Lok Sabha and Rajya Sabha will start at 11 am. So today once again there are chances of uproar in both the Houses on the Adani case.

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Significantly, according to the report of Ani, Congress MP Manish Tewari has given Adjournment Motion Notice in Lok Sabha to discuss the border situation with China. Explain that Congress MP Pramod Tiwari also gave suspension of business notice under rule 267 in Rajya Sabha to discuss the “issue of fraud in investments by LIC, SBI, public sector banks and other financial institutions that have lost market value”.

Also DMK’s Rajya Sabha MP Tiruchi Siva gave suspension of business notice under Rule 267 to discuss “adverse impact of business activities of Adani Group on India economically and morally”. However, all eyes are now on the fourth day of the budget session.



Union Budget 2023 | Indian Railways will now be superfast, Nirmala Sitharaman announced to give Rs 2.4 lakh crore


Nirmala

Pic:ANI

Delhi: Indian Railways is now going to be more superfast. 2.4 lakh crore rupees will be given to Indian Railways. Along with this, Union Finance Minister Nirmala Sitharaman has announced that 75000 new employees will be recruited in Indian Railways. Sitharaman presented the Union Budget 2023 in Parliament today. During this, he made big relief announcements.

75 thousand crores for new schemes

75 thousand crore rupees will be given for new schemes of railways. Nirmala Sitharaman also informed that Rs 75000 crore will be invested for transport infrastructure. Finance Minister Nirmala Sitharaman has announced Rs 2.4 lakh crore in the Union Budget 2023-24 for Railways, the highest in almost a decade and four times of last year’s budget. This is almost nine times of the budget presented in 2013-14.

Central Railway's special preparation for summer holidays, 96 special trains will run on these routes;  Know details
Representational Photo

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Railway will also build 100 speed power cargo terminal

The budget has given special attention to linking food grains and ports. 50 additional airports, helipads, water aerodromes will be renovated to boost regional connectivity. This budget will also focus on the operation of Vande Bharat Express trains, which can run at a maximum speed of 180 kilometers per hour. It may be mentioned that in the pre-budget meeting, the Railway Board had demanded 25-30 per cent more funds in the budget allocation of the Finance Ministry. Presenting the general and railway budget for the financial year 2022-23, Finance Minister Nirmala Sitharaman had announced the PM Gatishakti Master Plan. He had said that the Railways would also build a 100 speed Shakti cargo terminal. They will be built in the next three years. In the last budget, the Finance Minister had announced to develop transport infrastructure for railways, small farmers and small and medium enterprises.



Union Budget 2023 | What is cheap, what is expensive? Finance Minister’s announcement on gold, silver, electric car, TV, mobile…


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Delhi: The budget session has started and today Finance Minister Nirmala Sitharaman presented the budget for the financial year 2023-24 (Union Budget 2023). In view of the global recession, many companies have started laying off as a precautionary measure. Meanwhile, Finance Minister Sitharaman has increased and reduced tax on goods. Let us know what will be cheap and expensive…

What happened expensive…

  • A country kitchen chimney is expensive.
  • Gold, silver, platinum coming from abroad is expensive.
  • Cigarettes are expensive. Emergency tax on cigarettes has now been increased by 16 percent.

What happened cheap…

  • Some mobile phones, camera lenses have become cheaper.
  • Electric vehicles have become cheaper.
  • Things related to LED TV, biogas have become cheaper.
  • Toys, cycles, vehicles will become cheaper.

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Customs duty rate 13%

Basic customs duty rates on non-agriculture and textile items have been reduced from 21% to 13%. Minor changes have been made in basic customs duty, cess and surcharge on certain items including toys, cycles, vehicles. Custom duty on cigarettes has been increased.



Union Budget 2023 | BJP told welfare, Congress said fancy, Tejashwi said – Nil Batta Sannata, read here who said what on the budget


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Delhi: Union Finance Minister Nirmala Sitharaman presented the fifth and last budget of Modi government 2.0 today. Sitharaman said that the Union Budget 2023 is the first budget of the Amrit era. Sitharaman said that the Indian economy is growing rapidly in important sectors. Union Finance Minister Nirmala Sitharaman presented the Budget 2023-24 to boost growth amid fears of a global recession. But after this budget, the statements of all the big leaders have come to the fore. Let us see what the leaders of which party said.

The budget is not addressing the real sentiment of the country which is unemployment and price rise. He said that it only had fancy announcements which were made earlier also but what about the implementation? Only insurance companies benefited from PM Kisan Yojana, not farmers. Congress general secretary KC Venugipal

The first budget of Amrit Kaal is public welfare, it is a budget to empower and enable poor farmers, tribals, Dalits, backward, deprived, economically backward and middle class. This budget is going to emphasize on the education of children, earning of the middle class and the welfare of the elderly. – BJP President J.P. Nadda

This budget is nil batta sannata, nothing for Bihar. All the MPs from Bihar at the Center should be drowned in shame. For the farmers, there is nothing for the Railways. Did this government give as much as was given to Bihar during the UPA government? – Bihar Deputy Chief Minister Tejashwi Yadav, Patna

The Union Budget does injustice to the people of the national capital. He said that Delhiites paid Rs 1.75 lakh crore as income tax, yet only Rs 325 crore was given for the development of the city. He said that this budget does not give relief from inflation, there is no strong step to reduce unemployment. It is unfortunate to reduce the education budget from 2.64 per cent to 2.5 per cent. Reducing the health budget from 2.2 per cent to 1.98 per cent is harmful. – Arvind Kejriwal, Chief Minister, Delhi

Last year’s budget drew applause for allocations for agriculture, health, education, MNREGA and welfare of Scheduled Castes. Today the reality is clear. The actual expenditure is much less than the budget. It belongs to Modi. Headline Management’s OPUD Strategy—Over Promised, Delivered. – Congress MP Jairam Ramesh

Changes in income tax slabs will not help anyone. West Bengal CM Mamta Banerjee

Union Budget 2023 is better than expected. He said that this Eklavya is focused on strengthening schools, startups, nursing colleges and employment generation. – MP Navneet Rana

Budget provides balance and stability to the economy. It focuses on macroeconomic stability, middle class is given relief, capex is increased, focus is on green growth, cooperative sector is promoted. – Lok Sabha MP Jayant Sinha

This is a budget presented keeping the elections in mind, while the middle class has been given some relaxation. The government has not said anything about the MSP for the farmers. Employment and Youth. Railways were also ignored in this budget. It has been a disappointing budget. He said that the budget is focused on the coming 3 years, but today petrol and gas have become costlier. No subsidy on fertilizers for farmers, nothing for youth and rising unemployment has been announced. SP MP Dimple Yadav

Instead of benefiting the common man, welfare schemes and subsidies are being abolished. Mehbooba Mufti, former CM of Jammu and Kashmir

This is a budget that fulfills the expectations of the people of the country as well as the world. This is the budget of the poor, the resolution of New India is visible in this budget. India’s economy has become the 5th number economy today. Uttarakhand Chief Minister Pushkar Singh Dhami

The first budget of Amritkal is very revolutionary, it is going to give relief to every section of the society. Especially the middle class has been given relief in income tax, the tax slab that has been made is going to give relief. Youth, women, senior citizens have all been given relief in this budget. Haryana Chief Minister Manohar Lal Khattar

This budget is a budget to fulfill the resolution of the Prime Minister and the creation of a self-reliant India. There is a budget to build a glorious and glorious India. The welfare of every section of the society and every state lies in this budget. Madhya Pradesh Chief Minister Shivraj Singh Chouhan, Bhopal



Union Budget 2023 | Big announcement for auto sector, this gift given for Electric Vehicle


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Delhi: A major step has been taken to promote electric vehicles in the Union Budget 2023 presented by the Central Government in the Parliament. The government will no longer impose customs duty on parts used to make batteries for electric vehicles. Which will directly affect the prices of electric vehicles. Let us know what special gift the government has given to promote electric vehicles in this budget.

Now custom duty will not have to be paid

The budget has seen the biggest announcement of the auto sector in 2023 for electric vehicles. The government has removed customs duty on equipment used in manufacturing lithium-ion batteries used in electric vehicles. But only the companies making batteries in India will get its benefit.

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35,000 crores to promote green energy

With this huge fund, the government’s goal of green mobility is now clearly visible. Now the government is trying to move fast towards green energy by reducing the dependence on conventional petrol-diesel vehicles. For which the government has already set its eyes on zero-carbon neutrality.

Rs 19,700 crore for green hydrogen

A provision of Rs 19,700 crore has been made in the budget for electric vehicles as well as green hydrogen. Through this, the government is trying to achieve the target of 50 lakh tonnes of production capacity by 2030.

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Some special things for the auto sector in Budget 2023:

• Subsidy to both buyers and manufacturers of electric vehicles to promote electric mobility.

• Replacement of old vehicles with new vehicles to reduce pollution.

• Scrapping of old vehicles through scrappage policy.

• Emphasis on making automobiles more affordable.

• Exemption from import duties on materials used in making electric batteries.

• Strive to achieve the goal of net-zero carbon by 2070.

Electric vehicle sales in 2022

Meanwhile, the demand for electric vehicles in India has increased tremendously in the last few years. Earlier many people used to shy away from buying electric vehicles. But now modern and electric vehicles coming with more range are getting a lot of preference. In this, electric budget cars and electric scooters seem to be buying the most in the market. In this, last year i.e. in 2022, there was a good growth in both the sale and production of electric vehicles in India. Last year, about one million electric vehicles were sold in India.



Union Budget 2023 | Digilocker will make the country digital, PAN card will become official identity card, know what was announced in the budget


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Delhi: The Union Finance Minister has made an important announcement regarding DigiLocker in his budget. DigiLocker will now be your one stop KYC system and thus you will be able to make any changes to your documents. This step related to Digilocker will give a boost to the Digital India strategy. Union Finance Minister Nirmala Sitharaman in her budget speech for the financial year 2023-24 today said that DigiLocker and Aadhaar will be used as a one-stop solution to meet KYC requirements. Along with this, One Stop KYC Management System will be created for DigiLocker. Nirmala Sitharaman also announced that PAN card can be used as an official identity card. Union Finance Minister Nirmala Sitharaman said that DigiLocker will now be a one-stop KYC system for individuals, so that you can make changes to the document and it will be reflected in all the documents linked to your DigiLocker. DigiLocker services and Aadhaar will be used as identity proof. A one-stop solution will be created for various government agencies and other important documents.

What is DigiLocker?

DigiLocker is a digital initiative of Government of India under Digital India, it aims to make India digitally empowered. DigiLocker is essential for citizens to keep documents safe on public cloud. That is, with the help of this facility, you get online cloud service. So you do not need to carry hard copies of documents. In this app we can save all documents from Aadhaar to Driving License and Marksheet. These digital documents are legally valid documents under the Indian Information Technology Act 2000.

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How to use DigiLocker?

To use DigiLocker you need to scan a copy of the proof like PAN Card, Aadhaar Card or Driving License and upload it on the DigiLocker app along with their e-signature. For Digital India, the central government seems to be promoting DigiLocker and online documentation. In such a situation, the DigiLocker app will already be installed in the phone in the near future. That is, there is no need to download it separately from Google Play Store.



Union Budget 2023 | Bumper announcement for women in the budget, invest 2 lakhs and get…


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Delhi: The Modi government at the center (Modi Govt) presented the 10th budget (Union Budget 2023) in the Parliament today. While making many announcements, a big announcement has been made for women. This year India is celebrating its Independence Day. On this year’s occasion, the Finance Minister has announced a special scheme for women today. The name of this saving scheme has been named ‘Mahila Samman cum Patra’. Under this scheme, any woman or girl can invest up to two lakh rupees as a deposit for two years. Under this scheme, the woman or young woman will get 7.5% interest on the amount invested. This scheme will continue till March 2025. Apart from this, Finance Minister Nirmala Sitharaman, while presenting the budget in the Parliament, announced that the facility of early withdrawal of small amount invested in this scheme has been kept.

Senior citizens can now invest up to Rs 30 lakh in schemes

In this budget, special concessions have been given to women as well as senior citizens. This was announced by Finance Minister Nirmala Sitharaman in her budget speech. Till now, senior citizens of the country could invest a maximum of Rs 15 lakh in various savings schemes. From now on, senior citizens will be able to invest up to Rs 30 lakh in various savings schemes.

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Increase in post scheme minimum amount

The Monthly Income Plan of Post had earlier allowed investment of up to a minimum of 4 lakhs. Now it has been increased to Rs 9 lakh. Also, the minimum amount required for joint account holders has been increased from Rs 9 lakh to Rs 15 lakh.



Union Budget 2023 | The finance minister repeated these words so many times in the 87-minute speech of the budget, what are the words, read the details


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Delhi: Union Finance Minister Nirmala Sitharaman presented the last budget of the Modi government (Union Budget 2023) in the Lok Sabha. Union Finance Minister Nirmala Sitharaman has made big announcements regarding the development of infrastructure in the country, expansion of railways, development of farmers, tribals, women and agriculture sectors. Employees with an income limit of Rs 7 lakh have been exempted from income tax and many big announcements have been made for the environment. Union Finance Minister Nirmala Sitharaman has repeated many words in her 87-minute budget speech. Nirmala Sitharaman repeatedly mentioned words like planning, economy, customs, youth power, tax, development, state, finance, agriculture and green revolution in her speech.

what words how many times

Finance Minister Nirmala Sitharaman in her 87-minute speech mentioned Tax-51, Development-28, State-27, Finance-25, Agriculture-25, Housing-24, Planning-22, Economy-21, Customs-20, did. Bank – 18, Digital – 17, Credit – 17, Green – 16 and the word product is mentioned 13 times. Apart from this, Sitharaman also mentioned several times about the National Data Governor Policy, KYC process and terms of development. In last year’s budget speech, Nirmala Sitharaman mentioned the words digital, online, finance, economy, education and health the most.

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Finance Minister’s saree and speech are most talked about

While presenting the last budget of the Modi government, Finance Minister Nirmala Sitharaman wore a red saree like a book. Due to this, Nirmala Sitharaman stood out among the crowd of fellow ministers and officials. Moreover, he announced the plans in clear and concise words at every point in his 87-minute speech. Because of this, along with her style of speaking, her dress has also been in the news a lot on social media.



Union Budget 2023 | Modi government will raise 51 thousand crores this year by selling public properties in the country


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Delhi: In this year’s budget (Union Budget 2023), the government has reduced the target of the amount received by selling unnecessary government institutions. At the same time, the government has set a target price of Rs 51,000 crore for the next year 2023 by selling unnecessary government institutions. Which is less than last year’s budget. The government has set a target of Rs 50,000 crore for this year. Earlier this target was Rs 65,000 crore. Lowering the target shows that investors are less interested in the process of the government.

Earlier also the government reduced the target

This is not the first time that the government has reduced its disinvestment target. Earlier, the Government of India had set a target of raising Rs 1.75 lakh crore in the year 2022 by selling unnecessary government institutions. Which later had to be reduced to Rs 78,000 crore. But after the end of the year, the government could raise only Rs 13,627 crore.

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What can the government sell this year?

The government can reduce its stake in IDBI Bank, Shipping Corporation of India, BEML and Container Corporation of India. In the last budget speech, the Finance Minister had announced the IPO of LIC. This time such a big announcement has not been made. As of February 1, the government has raised Rs 31,106 crore, according to information provided by the Department of Investment and Public Asset Management. Most of these are from LIC. The government has benefited Rs 20,516 crore from the IPO of this company.



Union Budget 2023 | Modi’s budget could not stop the fall in Adani’s shares, read why share prices are decreasing


Indian-American doctor files lawsuit against PM Narendra Modi, Andhra CM, Adani

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Mumbai: Finance Minister Nirmala Sitharaman presented the budget today. After this the stock market opened with gains. After Sitharaman’s budget speech, the Sensex of the Mumbai Stock Exchange saw a gain of about 1000 points. It ended the day at 59,708, up only 158 points. But the shares of Gautam Adani Group’s companies continued to decline for the fifth consecutive day today. Though the follow-on public offer (FPO) of Adani Group flagship Adani Enterprises was paid-up 112%, the stock fell 6% today on the second day after the FPO closed. Despite the good growth on the day of the budget (Union Budget 2023), the prices of some shares of Adani Group are not increasing. Shares of Adani Enterprises fell 6% to Rs 2,800 today. The stock had closed at Rs 2,974 on Tuesday. The company’s FPO was closed on January 31 after 112%.

Adani Group reacted in this matter

While the reserve for shareholders was filled at 126% and the reserve for retail investors at 12%. The reserve for the staff was also filled by 53%. Today Adani Green Energy fell 6% to Rs 1,151. Adani Ports fell 3% to Rs 594 today. Adani Total Gas fell 10% to Rs 1,897. According to a report, the fall in Adani Group’s shares is the result of Hindenburg’s negative report. Adani Group has given a response in this matter.

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Stocks will remain under pressure for some time

Also, SBI and LIC have not raised concerns about the group companies. Adani group companies have no unsecured debt. Experts say that the pressure on the shares of Adani Group will remain for some time. So investors will have to wait for some time. What will be revealed further from the company, it will be a matter to be seen.



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