BUDGET 2023 IN INDIA.

Finance Minister Nirmala Sitharaman presented her fifth Budget speech in Parliament on Wednesday. The big advertisement was the increase in rebate limit in the new tax governance — now the dereliction — from Rs 5 lakh to 7 lakh. Sitharaman, meanwhile, proposed an increase in capital expenditure by 33 per cent to Rs 10 lakh crore. States are also being incentivised to spend further on structure. She also kept focus on fiscal consolidation by slashing subventions and spending on the job guarantee scheme.

The big announcement was the increase in rebate limit in the new tax regime — now the default — from Rs 5 lakh to 7 lakh. Sitharaman, meanwhile, proposed an increase in capital expenditure by 33 per cent to Rs 10 lakh crore. States are also being incentivised to spend more on infrastructure. She also kept focus on fiscal consolidation by slashing subsidies and spending on the job guarantee scheme. India’s Finance Minister Nirmala Sitharaman presented the Union Budget 2023 in the Parliament on Wednesday (February 1). While several things, including cigarettes, gold, silver, platinum items and electric chimneys have become costlier after the announcement of new government policies, a host of daily-use items have become cheaper also. The government has emphasised on promoting Made-In-India goods as it has increased import duty on several items but decreased taxes on domestically-made items. Here's what gets cheaper: Lithium-ion batteries Camera lenses for phones, laptops, and DSLRs Electric kitchen chimney Parts of TV panels Denatured ethyl alcohol Acid-grade fluorspar Domestic manufacture of shrimp Seeds used in the manufacture of diamonds