Trending

..so108mp10th10th12th11i11r120W128gb12c12i12th14yearold15M1st200MP240w250k26yearold2gb2nd3300GB3gb3rd3yearold40B1U5601H4th5000mah56yearold5th6gb6yearold72yearold7thA24A78aadhaarAayogabdominalabdulAbramsabscondingaccidentaccidentallyaccountAccountsaccusedacheacquisitionactionactivityactsadaniAdanisadditionaladdressadministrationadministratorAdmitadmitsadmittedadoptedadvanceadviceadvisesadvisingaerialaffectedaffordableafghanistanAfghansageagencyagentsaheadaidAIIMSAirairbassaircraftAirlinesairpodsairportairtelAirwaysAIsAitelalabamaalcoholalenalertalertedaliveallegationAllegationsAllegedlyallianceallowedallyalphaAlShabaabalternativeAlZawahiriamazingamazonambaniAmbassadorAmberAmericaAmericanAmericansAmericasammunitionAmulanalystand..and...USandroidAngelesangryAnlonannouncedannouncementAnnouncesannoyedAnnuityanswerantonioantonyapologizedapologizesAppappearedappleApplesapplicationApplicationsapplyappointedappointmentappointsappreciationapprovalapproveapprovedapprovesAprilArabArizonaarmArmedArmoredArmyArmysarnaultarrangementsarrestedarroganceartificialashamedAshishAsianAsiasaskedassaultAssistanceassistantAsteroidAtlantaATMattackattackedattentionattitudeau520audioavertedAviationawardedawareB.ScbabyBadbadlyBalakotbanbandbangbangingBankbankruptcybanksBar2.1DBbarackbarodabasedbasitbatteryBattlegameBayBBCBDSbearbeastbeatBeatingbedroombeebefittingbeginningbeginsbelatedbelongbenefitbengalurubernardbettingbeveragesBeverlybewareBharatBharatPeBharatvanshiBharOsBhartiBHIMBHIMUPIbhuttoBidenBidensbidisbidsbigbiggestBiharBilalBilawalBillbillionbillionairesbitebivalentBJPBlackblacklistedblacklistsblacksblazingblewblinkenblinkonblizzardbloodblowboardBoardsboatbodiesbodyBolsonaroBoltonBolttbombBombaybonebookbookingborderboultboxboyBoyfriendBPSCBradleybrainbrakesBrandBrandonbravoBrazilianBrazosbreakingBrightbrightenbringbringingbritainbrokebrotherinlawbroughtbrutalityBSEbsnlBSSCbucketbudgetBudsBugbulletbullishBumperbuoyedbusBusinessbuybuyingc31cabinetcablecalamitiesCaliforniacallcalledcallingcallscameracamerascampaigncampusCanadaCancelcanceledcancellationscancercandidatesCapCapitolcapturedcarcardcardscareercarriedcarrierscarryingcarscasecashbackcaughtcausedCautionCBSECCICDCceasefirecelebratedcelebratingcelebrationcentcenterCentralcenturyCEOceremonycertificatechainchanceChancellorchandrasekharchangechangedchangingChannelchannelschaoschargechargerchargeschargingchatchatbotChatGPTchatscheapcheapercheapestcheaplycheckchichicagochiefchiefschildchildrenChinaChineseChipchoosingchoseChristmasCHSLChugcigarettescircuitcitiesCitizenCityclaimclaimingClaimsclassclassifiedCLATCLATscleanclearcliffclimateclonecloseclosedclosesCNGCocaCocaColacofoundercoinColacollidedcollisionColombiacolorColoradocolorfitcolorosColumbiacomaCombatcommandcommentcommissionercommitcommitteecommonCommunitycompaniescompanyCompaqcompetecompetitioncompletecomplexcompostconcerncondemnedconditionconferencingconfidenceconfidentialconfirmedconfirmsconfrontedCongressconnectedconnectionconnectivityconsecutiveConsortiumConstablecontactcontestcontinuecontroversiescontroversyconvenienceconvertconvertedCOOCookscoolcooperatingcooperationCopscopylessCoronaCoronavirusCorporatecosmoscostCouncilcounselCounselingcounterpartCounterpointcountriesCountryCourtcovidCovid19crashcrashescrazycreatedcreatingcreditcreekCrestcrimecrisiscriticalcrorecrorescrosscrudecryingCSISCTETcuesCulturecurbedcurrentcustomerscutcute..CutscybercyclonecylindercylindersD.El.EddailyDairydamagedamageddamanidangerdangerousdangersdarkdarknessdatadateDatesheetdaughtersDavosdaydaysdeadDeadlineDeadlydealDealerdealsdeathdeathsdebutDecDecemberdecisiondeclareddeclaresdecreasedecreaseddedicationdeducteddefaultdefenseDefraudeddegreedegreesDelawaredelaydelayeddelaysdelhideliberatelydelistingdeliverdelivereddeliveringDeliverydemanddemandsdemocracydemocraticDemocratsdeniesDepartmentdepartmentsdependsdeployeddepositdepositedDeputyDesDesidesignationdestroyed..DestructiondestructivedetaildetailsdetectdetectingdetectiondevastationDGCADhansuDialoguediamonddictatordiedieddied..Policediesdieseldieselaircraftdifficultdigitaldiplomaticdirectdirectsdisappeardisarmeddisastersdisastrousdiscloseddisclosurediscountdiscovereddiscoverydiscussdiscussesdisneydisplaydispleasuredistantdisturbancedisturbancesditchdivestmentdivideddividenddoctordoctorsdocumentdocumentary..documentsDollardollarsdomesticdominantDonalddontDoorstepdoubledoubleddownloadDragonDRDOdreadfuldreamdrinkdrinksDrivingDroneacharyadroppedDroughtdrowningDubaidueduggaldwindlingdyingeagerearlyearthearthquakeeaseseasiereasyecommerceeconomicEconomyedgeeditionEfficacyeffortejectElectedelectionelectionselectricityElectronicElectronicsEligibilityElinElistaelonELSST6500AUFBEmailembassyemployeesEmploymentenableENCEncounterenergyengageengineEngineerengineeringenjoyenteredEntertainmententranceentryEnvyequityescapeeSimEuropeEuropeanEveningeventevergreenevidenceexamexaminationExamsexcitedExclusiveexdividendexecutedexemplaryExpectexpectedexpelexpensiveexperienceexpertexpertsexpiresexplainedExplainsexplosiveExportexpressedExstudentExtendedextremelyf21FAAfabFacebookFACTfactoriesfailedfailureFakefallfallingfallsfalseFameFamiliarfamilyfanFashionFastfastestfaultFBIfeaturefeaturesFebruaryFederalFeelingFeesfellFertilizersfestfiefdomfiercefightfightersFightingfilefiledfilingfinalFinancefinancialfindfinefinedfinishFinlandfireFireBolttfiredFiringfirmfixedflagflightflightsflipkartfloodsfloodwatersFloridaflowingfluflushfmcgfoldfollowForceFordforeForeignforgetformformsformulafortunesforumfossilfounderfourthFPIFPOfraudfreeFreefireFreezefriendfriendsfrontfrozenfuelfuelsfulfilledfullfullyFumiofunfundFundsfutureFY22FY24G53G73GaadigalaxygallerygamegaminggasgasolinegautamgaveGCMMFGengeneralgeneralsgeneratedgenerationGermanyGermanysgiftgiftsgirlgirlfriendgivegivingglobalgmpGoldGoldenGoldiamGoldSilverGoodGoodbyegoogleGooglesGovernmentgovtGPTGradegramsgrandgrantedgratuityGratuityPensiongrayGreatGreenGriefgroundgroundedgroupgroupsgrowthGSETGuajaratisGuardianshipguidelinesGuinnessgujaratGulfGungunmangunsgutGutaresguterresGutkaH1BhackersHafizhajooriHaleyhandhandedhandshappenhappenedhappeninghappyHaqqanihardHavaldarHavildarhavocheadsHealthheapsheartHeavyHelicopterhidehighHikehikedhim..HimachalHindenburghindihindranceHinduhintshistoryhithitshoistedholdingHoliHolidayHolidaysHollywoodHomeHomegrownHomePodHomesfyhonoredhornsHospitalhospitalizedHothihotspothotstarhourhoursHouseHousesHSBCHSChubhugehumanHumanityhundredshusbandHyderabadhydrogenhydrogenpoweredhypocrisyi.eIBMIceicyIDBIideaIDsIgnoresIITIllinoisimageimagesImagineIMFimmediatelyimpactimplementedimportantimpossibleimprovedinbuiltincentiveinchIncidentincidentsIncludeincludingincomeincomingincreaseincreasedincreasingIndexIndiaindianIndianAmericansIndianoriginIndiansIndiasindividualsIndoIndoPakIndusIndustriesindustryInfinixInfinixsinflationinformationInfosysinitiativeinjectioninjuredinnocentinnovationsinsolvencyinspectorInstagraminstantinstituteinsultinsuranceintelligenceintentionallyinterestinterfaceinterfereinterimInternationalinternetinterviewintroduceintroducedinvestigateinvestigationInvestinginvestmentinvestorinvestorsiPhoneIPOIPTViqooISISIsraelIsraeliISROissueissuedissuesIsuzuItelITRJaishankarJalanJamJanJanuaryJapanJapansJayJBLJEEJeffJerusalemJetjetsjioJiosJNUJNUEEjobJobsjoeJohnJohnsonjoinjoinedJonJongjournalistsjudgejumpedjumpsk60KalrockKambojKapilkarnatakakayakkayakskeivKevinkeyKFinKhanKhannaKharagpurkidskilledkillerkillingkillsKimkingknifekolkataKoranKoreaKoreanKovidkuoL4365LACLaidlakelakhlakhsLandmarklandslideslanguagelaptoplargelargestlashedlatelatestlaunchlaunchedlauncheslaunchinglawyerlayLayoffsleadleaderleadershipleakleakedleakinglearnleaveleavesleavingledleftlegallenderLenovoLeopardletslettersletvlevellevyingLIClifeLifestyleliftsLightninglightsLimitlimitedlinklinkedLinkedinlistlistedlistenListeninglistinglistslitelivelivesloanlocallockdownlockerLockingLodilonglongerLootedLosloseLoseslosslosseslostLotsLouisianaLouisianasloveLPGluckLunchLutherm13MacBookMaharashtraMahindraMainMainsmajormakingMakkiMalaysiaMaliaMallmanmanagementmansmanufacturingmapMarchmarkMarkedmarketmarketsmarriageMartinMarylandmaskedMassMassiveMatricmatriculationmatterMaxmayorMcCarthyMcLaughlinMedalMediamediasmediatorymeetmeetingMeetingsmeetsMegaMehtaMelamemorymercantilemessagemessagingMetamethodmetroMexicoMichelleMickeyMicrosoftmiddlemikemilitarymilkmillionmillionsmingminiMinibussizedministerminuteminutesmirrormiscreantsmissedMissilesmissingmission..mistakemistakenlymistakesMKIIMobilemodemodelmodernModiMoinesmomentMomsMoneymonitormonthmonthlymonthsmoodmoonmopupmorningMoscowKyivMotherMotomotorolaMotorsMountainMPCCMTSmukeshmultiMultibaggermulticapmumbaiMurdermurdererMurthymusicMuskMusksmutedMutualNarayananarendraNarratednarrowlyNASANASAsNATOnaturalNavynclatNCLATsNCLTneckneckbandNedNEETnegativeNematneoNETnetanyahuNetflixNetflixsNetherlandsnetworthnewsNewsroomNFONiagaraNiftynightclubNikkiNirmalaNITNITInoisenominatednominatesnonNATOnordnormalNorthNotenotesnoticenotificationNPCINPCILnpsNTAnuchlearnuclearnumberNursingoathObamaObamasobjectionoccupantsoffcialofferOfferingoffersofficeOfficerofficersofficesofficialohiooilOlafomicrononeplusonethirdoneyearongoingonlineopenopenedOpenlyoperatingOperationoppoopportunityOpposopposeorderordersorganizationorganizationsoriginoutageOutlookOutrageovernightovershadowedownedownerownershipoxygenP11PacificpactpadpaidpainpainfulPAKpakistanpandemicpanicpantPaperparamedicalParksParliamentpartnershippartypasspassedpassengerspassespassionPasswordpathpatternPaypayerspayingpeacepeacekeeperspebblepenaltypennyPensionPensionerPentagonpeoplepercentperformancepericepersonpetitionpetrolPetrolDieselPfizerPfizersPhantomphasesPhilipsphonephonesPhotospicturespiecespilepilotpinpinkpixelplaceplanplaneplansplantplayplayedplayingplaytimepleaPNBpocketpocopointpointsPolandPolicePolicemanpolicyPoliticalpoliticianPolymersPolyPlastPompeoPompeospopulationPortportableportfolioPortonicsportronicsPosespositionpositionspossibilitypostPostalpostspowderPowerpowerfulPPFSukanyapracticalpreprebookingpredictedpregnantPreliminaryPrelimspremiumprepaidpreparationspreparedpresentedpresidentPresidentialpressurepressurespricepricesprideprimeprivatePrivatizationProprobeproblemprocessproductionproductsProfessionalprofitprogramprojectpromiseproposalProposeprosperityprotestprovideProvisionalptcPUBGpublicpulledpunchespunjabPurchasedpurchasingpushpushedPutinPutinsQaedaQuadquestionsQuietquoQWatchRacialracingraidsRailwayRailwaysrainraisingRajRajasthanrajeevRajnishramrandomrapidlyRatanrateratesRazdanRBIRBLreachreachedreachesreactsreadreadyrealrealmeRealmesRealtyreasonrebellionreceivingrecessionrechargereclassifiedrecommendationrecordrecordedrecordsrecoveredrecoveryrecruitedRecruitmentredmireducereducedReductionrefusesregisterregistrationregretsRehmanreinstatedrejectsrejigrelatedrelationrelationsrelationshiprelativereleasereleasedreliancereliefrelyremainRemarksremoveremovedRenorenominatesrentreplyreportreportedReportsrepresentationrepresentativereprimandedRepublicRepublicansrequireRescuersResearchreservationresidenceresidentsresignationResignsresolutionresolveresortrespondingrestrictionsresultretailRetrenchmentreturnreturnsrevelationsrevelsrevenuereversereviewrevisedrewardRichRichardrichestridrightsrinatriserisesRishabhRishiroadrobbersrobberyRobotrobustrockedrocksRojgarrolerollrolledrolloutroomroseRPSCruchiraRuckusRuffpadruinRulerulesrunrunsrupeerupeesRussiarussianRussiasRussiaUkraineS23sadSaeezsSahSAILsalarysalesalesSalmansalutesamsungsanctionsSandhuSashasatellitesavesavedsavessavingsavingsSBISBIPNBSBIsscaleScamscandalscaredscheduleschemeschemesScholzschoolSchoolgirlscienceScientistsscoldsScopescorecardScottsdalesearch..SearchesSEBIsecretSecretarysecurityseekingsegmentselectionselfdefenseselfiessellsellersellingsendsensationSensexsentencesentencedseparateSeptemberseriesserverserviceservicessessionsetsettopsevereShabaabShafikShafiqshakensharesharedshareholderssharessharingsheetShefalishelterSheriffsheriffsshineshipsshockshockedshookshootershootingshootingsshootsshopshortageshotshowshowedshownShrishriramsicksiegeSigachiSikhSilverSIMsindsinghsinglesinkholessiteSitharamansittingSituationsixthslabslabsslamsslashesslimslipssmallsmartsmartphonesmartphonessmartwatchsmartwatchesSMEsmellingSMLsmokelessSnapdragonSnowsoaredSoCSocialSodhisoggysoldsoldierssolidaritysolutionSolutionsSomaliasonsongsongssosyosoughtSoundSoundbarSouthSouthwestspacespacecraftspamSparkspeakerSpecialspecialtyspeedspendspentSpiceSpiceJetspillspinningsplitspoiledspokespersonSportsspreadingspyspyingSSCstabbedStabsstagestakestakedstakesstandardstandingstarsstartstartedstartingstartsstatestatementStatesstationstatusstaysteadystealingstepsstirstirredstockstocksstolenstomachStonestopstoppedstoppingstoragestoreStoresstoriesStormstorystrainstrandedstrengthenStressstrikestrokestrongstronglystrugglestuckstudentstudentsstudysubscribedsubscriptionsubvariantsubwaysuddenlysuffersufferingsuicideSukhuSunak..superpowerssupplysupportsupportedsupporterssupportsSupremesurfacedsurgedsurgesSurgicalsurroundedSushmaSuspectsuspendedSuspensionSUVsSwarajswathsSwedensystemTabtableTaiwanTalibanTalktalkstamilnadTankTankstaranjeettargetedtargetsTataTattootaunttaxteachTeacherTechtechieTechnoTechnologiesTechnologytecnoTejastelecomtelegutellstempleTensionTermterminationterritorialterrorterroristterroristsTeslatesttestingtexasThambbiThanedarTheftthemethievesthousandthousandsthreatticketticketsTiestightensTimtimetimelinetimesTimetabletipstobaccotodaytodaystoiletstoldTomtomorrowtonightTooltopTornadoTotaltouchtowntr109tracktrackingtradetradingtraffictraintrainsTransactiontransactionstransfertransferredTransgendertranslatetransporttrappedtrapstravelerstrendTrendingtricktroopstroubletrouble...TwitterTruckTrueTrumpTrumpstrustsTsayTsottmltumorturkTurkeysTurkishturn..turnedturningturnstweettweetedTwitterTwittersTWSTypeCUcoUGCUIDAIUkarineUkraineukrianeultraUncontrollableunderstandunexpectedunheardunilateralUnionUniqueunitedunitsUniversityunleashesUNMISSunpreparedUNSCupcomingupdateupdatedupdatesupdatingUPIupperuproarupsetUPTETuptourgesusausbuserusersv25VacancyvaccinevalidityvaluablesvaluesVandevariantvastVATvaultvehiclesVermaveteranvictoryVideoviolenceviolentviralvirusVisavisasvivoVivosvodafonevoicevolatilevolkerwaitwaitingWalkWalkingwanderingWantedwarwargamewarnedwarningwarnsWashingtonwatchwatchingWaterWatsonwaveweakweaponWeaponsWeatherweatherrelatedwebsiteweekweekendweeksweightWellnesswhatsappWhiteWidelywidenswifewifiwindowwinterwipeswiprowomanwomenworkworkingworldworldsworriedworryworryingWorstworthwoundedwreakswrongx360X90XBBXBB.1.5xbb15xiaomiy35Y55syearyearsyerYorkyouthyouthsYoutubeyrsz40ZawahiriZeezelenskeyyZelenskyZhuZientsZomato
Sunday Jan 29, 2023

Union Budget 2023 | Government can make a separate bucket for insurance policy, the limit will be increased from 2 to 2.5 lakhs!


file photo

file photo

Delhi: Most of the people in the country take insurance to save tax without security. It is expected that in the coming budget (Union Budget 2023), the government will help in taking this service to maximum number of people by giving maximum concessions to the insurance sector. Apart from this, the government can also make pension/annuity tax free to encourage pension schemes. One option is to allow amortization of the principal component. Private sector should be given a level playing field to compete with NPS. The present limit of health insurance premium for availing exemption under section 80D is only Rs 25,000. This limit needs to be increased. Two years of Covid have proved that the existing limits are not enough.

Investment in the insurance sector will get a boost

Till a few years ago, the maturity amount of 2.5 lakh premium was tax free under section 10(10D) of Income Tax. It has been made taxable again. This decision should be withdrawn. This will encourage huge investment in the insurance sector.

1.5 lakh limit will be increased from 2 to 2.5 lakh

There are many investment options under section 80C of income tax. But life insurance premium, PPF, ELSS, NSC, NPS, home loan principal amount etc. We expect the government to create a separate bucket for insurance policies or increase the current limit of 1.5 lakhs from 2 to 2.5 lakhs.

read this also

Expected to increase TDS exemption on commission

It is expected that in the budget, the government will increase the TDS exemption limit on insurance commission under section 194D of Income Tax from the existing Rs 15,000. This will encourage insurance agents. Apart from this, 18 per cent GST on products like insurance is high. At least the basic security plan should come under zero GST.



Union Budget 2023 | Neither phone nor contact with the world, know how the budget is saved from leaking


file photo

file photo

Delhi: Union Finance Minister Nirmala Sitharaman is going to present the country’s budget (Union Budget 2023) on 1 February. There is always something new in every budget, but one thing has remained constant for the last 75 years. That is the secrecy followed while preparing the budget. Before the Finance Minister’s speech, special care is taken that the budget talks should not go out of the way. For that, the budget preparation team has to stay in the Finance Ministry for a few days without coming in contact with anyone. In this day and age of internet and social media, nothing can be kept secret for long. Even in this situation, the Finance Ministry has been successful in keeping the budget a secret. The budget is prepared with the help of some officials of the Union Finance Ministry and other departments.

Intelligence Bureau’s sharp eye

For this, the team of selected officers has been kept in the Ministry of Finance. They are not allowed any kind of contact with the outside world. Those officers have been quarantined in a way. The Intelligence Bureau is keeping a close watch on every action of these officers. Delhi Police also helps them in this work. The team includes officials from the Law Ministry, Central Board of Direct Taxes (CBDT) and some legal experts from the Central Board of Excise and Customs (CBEC). Also, the officials of the Press Information Bureau are kept in a basement to prepare copies of this budget.

read this also

Electronic jammers have been installed

These officers are not being allowed to go home. The Ministry of Finance makes all arrangements for their food and stay in Delhi’s North Block. While working inside, these people’s mobile phones or other things get accumulated. After preparing the budget, its printing process is started. The printing officers are confined to the basement area of ​​North Block, where the presses are kept. They are also not allowed to contact them by phone or any other form as the servers at this place are disconnected from the world. The computers in the Press area are isolated from the servers of the National Informatics Center (NIC) to prevent any cyber theft. Electronic jammers have been installed in the North Block as a precautionary measure to prevent any information leakage. This team is called out when the Finance Minister presents the budget in the Parliament.



Union Budget 2023 | Get complete budget updates in one touch; Know when, where and how to get all the information


file photo

file photo

Delhi: Almost complete preparations have been made to present the budget for the year 2023 (Union Budget 2023). The country’s Finance Minister Nirmala Sitharaman will present a new budget in Parliament on 1 February 2023. Like every time, the budget will start at 11 am. If you want to get the latest updates related to the Budget but don’t know where to listen or watch it, we are here to give you the details.

where to see budget report

Budget 2023 speech can be viewed on the official channel of Parliament TV. Along with this, you can also see its updates on the national broadcaster Doordarshan. Nirmala Sitharaman’s speech can also be seen on Doordarshan’s YouTube channel. Apart from this, PIB will present the budget online.

get updates on mobile

Budget update will also be available on mobile. The Union Budget will be uploaded on the mobile app as soon as the Finance Minister’s speech is over. Speech can be downloaded on both Android and Apple OS platforms. Its updates will also be available on the official Twitter account of Parliament.

read this also

how long will the speech last

The Budget 2023 speech is usually two hours long. However, there is no fixed time limit. Budget submission may take longer. It took about 1.5 hours to present the budget for the financial year 2022. And the budget speech of 2021 lasted for 2 hours 40 minutes. This speech was the biggest in Indian history.

How long will the budget session last?

This year’s budget session is likely to continue till February 10. Meanwhile, the second phase of the budget session is likely to start from March 6 and is likely to end on April 6.



Union Budget 2023 | When the Prime Minister presented the budget, history was made, read some unheard stories


file photo

file photo

Delhi: Like every year the Finance Minister of the country presents the Union Budget in the Parliament, but something happened in the history of India when the Prime Minister of the country presented the budget. However, Finance Minister Nirmala Sitharaman is going to present the Union Budget 2023 on 1 February 2023. This will be the last budget of the second term of the Modi government. In such a situation, the common people have a lot of expectations from this budget. The first Prime Minister to present the country’s budget was Jawaharlal Nehru, the first Prime Minister of the country.

First woman Prime Minister Indira Gandhi presented the country’s budget

After him, his daughter and the country’s first woman Prime Minister Indira Gandhi presented the country’s budget while being the PM. Apart from this, Rajiv Gandhi has also presented the country’s budget while holding the post of Prime Minister. When Jawaharlal Nehru was the first Prime Minister of India. While Prime Minister, he held the Finance Ministry twice, and in 1958 Finance Minister TT Krishnachari had to resign, after which Nehru took over as Finance Minister on February 13, 1958. During this time, he presented the budget of 1958-1959 in front of the country, then Indira Gandhi presented the budget while being the Prime Minister. Later, Indira Gandhi took over the responsibility of the finance ministry. For this reason Indira Gandhi herself presented the budget of 1970-71.

read this also

Arun Jaitley changed the tradition

By doing this, she also became the woman to present the budget in front of the country. Rajiv Gandhi was the third member of the Nehru-Gandhi family, who was also the Prime Minister of the country and presented the country’s budget while being the Prime Minister. In fact, after VP Singh, who was Finance Minister in Rajiv Gandhi’s government, was out of government, Rajiv Gandhi assumed the post of Finance Minister and presented the general budget of 1987-88 in front of the country. Until 1999, the Union Budget was presented at 5 pm on the last working day of February as per the practice of the British era. In 1999, former Finance Minister Yashwant Sinha changed the timing of presenting the budget to 11 am. Arun Jaitley began presenting the Union Budget on 1 February 2017, breaking the tradition of using the last working day of that month. Former Prime Minister Morarji Desai holds the record for presenting the longest budget in the country’s history. He presented 10 budgets during his tenure as finance minister during 1962-69, followed by P Chidambaram (9), Pranab Mukherjee (8), Yashwant Sinha (8) and Manmohan Singh (6). Was.



Union Budget 2023 | Central government will change the slab of income tax, tax payers will get benefit; read full news


file photo

file photo

Delhi: Like every year, this time also the Central Government is preparing to change the Income Tax slab in its budget to provide relief to the middle class and working class. However, the Finance Ministry may make an announcement in the budget regarding the new tax slabs. In this budget, permission can be given to increase exemption in tax slab along with deduction of house rent, exemption on insurance and investment in other tax saving schemes.

Relief to people other than taxpayers

According to a report, before the Union Budget 2023, which is to be held on February 1, may introduce tax reduction and revised slabs under the Income Tax Framework. At present, the Finance Ministry levies a 5% tax on total income between Rs 2.5 lakh and Rs 5 lakh. Whereas, 10 per cent tax is applicable on total income from Rs 5 lakh to Rs 7.5 lakh and 15 per cent tax is applicable on income from Rs 7.5 lakh to Rs 10 lakh. Similarly, an income of Rs 10 lakh to Rs 12.5 lakh is taxed at 20 per cent. A tax rate of 25 per cent applies for Rs 12.5 lakh to Rs 15 lakh and 30 per cent for total income above Rs 15 lakh. The Union Budget for 2023-24 will be presented in the Lok Sabha on 1 February. It is being said that while changing the tax slab, the government will increase the income tax limit and give relief to people other than middle class taxpayers.

read this also

Can understand the pressure of middle class: Nirmala Sitharaman

In a program recently, Finance Minister Nirmala Sitharaman had said that I also belong to the middle class, so I can understand the pressure of the middle class. I identify myself as middle class, so I know. Therefore, there are signs of bringing a new income tax structure to change the tax slabs. Experts say exemption on house rent and insurance should be allowed. Experts have recently said that investment in PPF and other tax saving schemes should be allowed as a deduction. Along with this, the 30 percent tax limit under the concessional income tax regime should be increased to Rs 20 lakh in the budget 2023-24, which is Rs 15 lakh at present. This will benefit middle income taxpayers.



Union Budget 2023 | How is the Union Budget prepared? From Preliminary Meetings to Presidential Approval


Photo - ANI

Photo – ANI

Delhi: The budget-making process begins in August–September and involves several stages, including the pre-budget meeting and the Halwa ceremony. It ends with the presentation of the budget in the Parliament and its assent by the President. The Government of India presents the Union Budget every year on 1 February. The Union Budget is an important document that outlines the government’s fiscal policies, plans and programs for the upcoming financial year. The process of making the budget starts in August-September, about six months before its date. It prepares a plan for the government to spend its revenues and allocate funds for various development initiatives and other immediate needs. The process of budgeting involves several steps. Let’s understand it one by one.

Phase 1

The Ministry of Finance issues circulars to all Ministries, States, Union Territories and autonomous bodies at the initial stage of the budget-making process. These circulars also contain essential guidelines, which are used by the Ministries to express their needs and demands. These ministries disclose their earnings and expenditure for the previous year, apart from presenting estimates. Once requests are received, top government officials evaluate them and discuss them with ministries and the Department of Expenditure.

Phase 2

Once the information is verified, the Finance Ministry allocates the revenue to the various divisions. In case of any disagreement on the distribution of money, the Finance Ministry consults with the Union Cabinet or the Prime Minister. Other stakeholders including farmers, small business owners and foreign institutional investors are also consulted by the Department of Economic Affairs and Department of Revenue for further understanding.

read this also

step 3

The Finance Ministry also arranges pre-budget meetings with various stakeholders to know about their recommendations and requirements. These participants include state representatives, farmers, bankers, economists and trade unions. After considering all the requests, it is discussed with the Prime Minister before being confirmed.

step 4

A few days before the announcement of the budget, it is the annual tradition of the government to hold the Halwa ceremony. The function initiates the start of budget document printing. A huge kadhai (large frying pot) is used to make halwa, which is then fed to the entire staff of the Ministry of Finance as part of the ceremony.

step 5

The presentation of the budget in the Parliament is the last step in the budget making process. The finance minister makes a presentation on the first day of the budget session. The Minister summarizes the key points of the document. After presentation, the budget is placed before both the Houses of Parliament for discussion. After the approval of both the Houses, the budget is sent to the President for approval. Formulation of the budget is a long process involving several stages and consultations. Every step is necessary to ensure that public money is used judiciously and allocated appropriately. The importance of this document can never be ignored as it determines how the government functions and spends its resources to develop the nation.



Union Budget 2023 | Some such information of the Union Budget that you also need to know, read full details


file photo

file photo

Delhi: The fifth budget (Budget 2023) of the second term of the Modi government is going to be presented on 1 February. This will also be Nirmala Sitharaman’s fifth budget as the Finance Minister. Finance Minister Nirmala Sitharaman will present her live Union Budget on February 1 when she will present the financial details and tax proposals for the financial year 2022-23 (April 2022 to March 2023).

some budget normal here knowledge Huh: –

first budget of india

The budget in India was first introduced on 7 April 1860, when Scottish economist and East India Company politician James Wilson presented it to the British Crown. The first budget of independent India was presented on November 26, 1947 by the then Finance Minister RK Shanmukham Chetty.

longest budget speech

Finance Minister Sitharaman, while presenting the Union Budget 2020-21 on 1 February 2020, created the record for the longest speech by delivering a speech lasting 2 hours 42 minutes. However, the last 2 pages of the budget were left, then she had to cut short her speech as she was feeling unwell. He asked the Speaker to treat the rest of the speech as read. During this speech he broke his own record set in July 2019 for his first budget when he spoke for 2 hours 17 minutes.

Most words in budget speech

The longest budget speech in terms of words was given by Manmohan Singh in 1991 under the Narasimha Rao government at 18,650 words. In 2018, the then Finance Minister Arun Jaitley’s speech with 18,604 words was the second longest in terms of word count. Arun Jaitley spoke for 1 hour 49 minutes.

shortest budget speech

In 1977, the then Finance Minister Hirubhai Muljibhai Patel gave it in only 800 words.

read this also

most budget

The record of presenting the highest budget in the history of the country is in the name of former Prime Minister Morarji Desai. He presented 10 budgets during his tenure as finance minister during 1962-69, followed by P Chidambaram (9), Pranab Mukherjee (8), Yashwant Sinha (8) and Manmohan Singh (6). Was.

time

Until 1999, the Union Budget was presented at 5 pm on the last working day of February as per the practice of the British era. In 1999, former Finance Minister Yashwant Sinha changed the timing of presenting the budget to 11 am. Arun Jaitley began presenting the Union Budget on 1 February 2017, breaking with the tradition of using the last working day of that month.

file photo
file photo

Budget language: Hindi

Till 1955, the Union Budget was presented in English. However, later the Congress-led government decided to print the budget papers in both Hindi and English.

paper less

For the first time in independent India, due to the Kovid-19 epidemic, the budget of 2021-22 was made paperless.

first woman to present the budget

In 2019, Sitharaman became the second woman to present the budget after Indira Gandhi, who presented the budget for the financial year 1970-71.



Union Budget 2023 | This time the budget session of the Parliament will start from January 31, the session will continue till April 6.


budget

New Delhi. According to the big news received regarding the country’s budget, this time the budget session of the Parliament is starting from 31st January, which will continue till 6th April. According to the information, the budget can be presented on February 1. At the same time, the budget session of the year 2023 will be of 66 days this time. In which 27 important meetings will be held.

Giving information in this regard today, Union Parliamentary Affairs Minister Prahlad Joshi said that there will be a break between February 14 and March 12. In this regard, he wrote in a tweet, the budget session of the Parliament will start from January 31 and will continue till April 6, in which 27 sittings will be held in 66 days with normal holidays.

Along with this, today Prahvad Joshi said that this time, during the budget session 2023, there will be a holiday from 14 February to 12 March, so that department-related parliamentary standing committees can examine the demands for grants and also prepare reports related to their ministries/departments. .

Know that Right now the world is going through a terrible phase of ongoing war between Russia and Ukraine. At the same time, this ongoing war has greatly affected the prices of essential commodities at the global level. Along with this, the World Bank and the International Monetary Fund (IMF) have also warned of an impending recession in 2023.

If we talk about the country, the National Statistics Office (NSO) had given information on Thursday itself that, due to the softening of food prices in India, retail inflation has come down to the lowest level of 12 months in December at 5.7%. . At the same time, the quarter ending December 2022 was also the fourth consecutive quarter when the CPI has been above the 6% mark.



Back to Top