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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 | Ten important things of Finance Minister Nirmala Sitharaman’s speech, read full news


file photo

file photo

Mumbai: Union Finance Minister Nirmala Sitharaman is presenting the budget in the Lok Sabha. Many economists have said that since this is the last budget of his tenure (Union Budget 2023), big announcements have been made so far. Many announcements have been made so far in the interest of the general public and farmers of the country. Along with this, he has also told in his speech that how the central government helped during the Corona period, as well as through which scheme people were given corona supplements.

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Announcements made so far

  1. The government will focus on setting up Skilled Youth Centers for the youth of the country and will also announce the launch of 30 Skilled India Centers for students who dream of working abroad.
  2. 2 lakh crore loan has been announced under Pradhan Mantri Kaushal Vikas Yojana
  3. SEBI will be strengthened. Whereas, SEBI can award degree, diploma and certificate. This will be done for public participation in the financial markets.
  4. The official portal of the tax receives 72 lakh applications daily, out of which we have reduced the refund process to 16 days. It will be further improved.
  5. Announcement of giving loan of 9000 crores to industries from 1 April 2023.
  6. In this year’s budget, Rs 2.40 lakh crore has been given for the railways. This amount is 9 times more than the budgetary allocation given in 2014.
  7. For rural women, 81 lakh self-help groups have received assistance, which will be increased further.
  8. Finance Minister Nirmala Sitharaman said that Indian Institute of Mills will be established soon.
  9. Free food grains were given to 80 crore people in 28 months.
  10. The GDP growth rate in the current financial year is expected to be around 7 percent. Along with this, the government is laying special emphasis on how to increase employment opportunities.



Budget 2023 | Finance Minister Nirmala Sitharaman said- ‘I belong to the middle class, understand their pressures’


Nirmala Sitharaman

New Delhi: Two weeks before the presentation of the general budget, Finance Minister Nirmala Sitharaman on Sunday said that she understands the pressures of the middle class. Along with this, he reminded that the present government has not imposed any new tax on the middle class. Sitharaman will present the general budget for the financial year 2023-24 in the Lok Sabha on February 1. It is expected that the government will increase the income tax limit in this budget and give some relief to middle class taxpayers and others.

“I also belong to the middle class, so I can understand the pressures of the middle class,” the finance minister said at a function of the RSS-affiliated weekly magazine ‘Panchjanya’. I consider myself middle class, so I understand that.” Along with this, he reminded that the present Modi government has not imposed any new tax on the middle class.

He said that income up to Rs 5 lakh is exempt from income tax. He said that the government has taken several measures to promote ease of doing business like developing metro rail network in 27 cities and making 100 smart cities. Sitharaman assured that the government can do more for the middle class, as it has grown in size. She said, “I understand their problems very well. The government has done a lot for them and will continue to do so.”

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Sitharaman said the government has been increasing capital expenditure in every budget since 2020. He said it was increased by 35 per cent to Rs 7.5 lakh crore for the current financial year as it has a positive impact on the economy. He said the government’s 4R strategy for the banking sector – recognition, recapitalisation, resolution and reforms – has helped in the revival of public sector banks (PSBs). This has led to reduction in non-performing assets (NPAs) and significant improvement in the health of PSBs, he said.

The government had implemented a Rs 2.11 lakh crore recapitalization program for PSBs to support capital adequacy and prevent liability defaults. Regarding the farmers, Sitharaman said that the government is committed to double their income and has taken several steps in this direction. On trade with Pakistan, he said the neighboring country never granted Most Favored Nation (MFN) status to India.

He said that trade relations with Pakistan have deteriorated after the Pulwama terror attack in 2019. Regarding the freebies given by the governments, the Finance Minister said that promises should be made keeping in mind the financial health of the state and complete transparency should be maintained in it. (agency)



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