Here is the full text of the Finance Bill as tabled in the Parliament by finance minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman presented the Union Budget for 2023-24 in Lok Sabha on Wednesday
Income Tax Rates and Slabs: Under the new tax regime, the highest tax rate of 30% will be levied on income above Rs 15 lakh
As per the Budget document, dividends from public sector enterprises and other investments have been pegged at Rs 43,000 crore for FY24 as well
During the Coronavirus-induced lockdown, lakhs of migrant workers had found work under it when they were forced to return to their native places
It will make cooperatives pivot of development of rural economy, he said
The Finance Minister said that the agriculture credit target will be increased to Rs 20 lakh crore with focus on animal husbandry, dairy and fisheries
No tax will have to be paid for income up to Rs 3 lakh
"Moreover, the sustained attention on manufacturing and improvement of urban infrastructure is likely to boost the I&L sector and at the same time spur economic activity and job creation"
A provision has been made in this year's budget to provide NADA a funding of Rs 21.73 crore, while NDTL, which conducts the tests, will receive Rs 19.50 crore
Housing and rural employment schemes are also part of gender budget, which was first introduced in 2005-06
The government will spend 8 paise out of every rupee on 'other expenditures'
The government has proposed on creating infrastructure by increasing the capital expenditure by 33 per cent to Rs 10 trillion
Debt overhang offsets country's growth potential, says rating agency
Budget 2023: The largest share of the Centre's expenditure goes towards paying the interest on borrowings
It is typical of markets to rally ahead of the budget proposals and see some profit taking once the measures are announced. This time, however, the Adani group stocks played spoilsport
For 2022-23, the budgetary allocation for capital outlay was Rs 1.52 lakh crore but the revised estimate showed the expenditure at Rs 1.50 lakh crore
The Companies Act, 2013 is implemented by the corporate affairs ministry and the IEPF Authority also comes under the ministry
Budget gives Rs 2.40 trillion to Railways: the highest-ever outlay for the national transporter
Process of acquiring a PAN and linking it with business accounts will be made easier through centralised digitisation platform