Explorer

Budget 2023: 6.5 Crore Returns Processed, Intend To Strengthen Grievance Redressal Mechanism: Sitharaman

This was a crucial Budget being the last full Budget of the Modi Government before the 2024 general elections

In her fifth Budget presentation Finance Minister Nirmala Sitharaman on Wednesday announced the tax portal processed 6.5 crore returns and intends to strengthen the grievance redressal mechanism. The Budget 2023 offered relief to taxpayers by extending income tax rebate extended on income up to Rs 7 lakhs under the new tax regime. Other measures were also announced related to investments that will boost savings.
 
Among other measures, monthly Income Scheme limit has been doubled to Rs 9 lakh and Rs 15 lakh for joint accounts. Mahila Samman Savings Certificate will allow maximum deposit of up to Rs 2 lakh having 7.5 per cent interest, the FM noted.
 
This was a crucial Budget being the last full Budget of the Modi Government before the 2024 general elections. From major industries to MSMEs, salaried classes to farmers, and education to healthcare, everyone was eyeing some relief from this Budget.
 

To make people aware of the pro-people measured announced in the Budget, the BJP will start a 12-day nationwide campaign on Wednesday.

India’s Budget will attempt to meet the hopes and aspirations of common citizens and be a ray of hope for the world even as the world is going through a global economic turmoil, Prime Minister Modi said.

Addressing the media ahead of the Budget Session of Parliament, Modi said recognised voices in the world of the economy were bringing positive messages from all sides.

On Tuesday, Union Finance Minister Nirmala Sitharaman tabled the Economic Survey (2022-23) in Parliament. The Economic Survey 2022-23 has forecast India’s GDP growth for the next fiscal 2023-24 in a broad range of 6-6.8 per cent. Its baseline forecast for real GDP growth is 6.5 per cent.  

According to the Economic Survey 2022-23, the Indian economy is “staging a broad-based recovery across sectors”, positioning itself to “ascend to the pre-pandemic growth path in FY23."

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

Maharashtra Elections: With 50 Rebels In Fray, Can Mahayuti And Maha Vikas Aghadi Contain The Dissent?
Maharashtra Elections: With 50 Rebels In Fray, Can Mahayuti And Maha Vikas Aghadi Contain The Dissent?
India Confirms Meeting Between India, Canada Intel Officials, But Maintains No Evidence Shared On Nijjar Case
India Confirms Meeting Between India, Canada Intel Officials, But Maintains No Evidence Shared On Nijjar Case
Jharkhand Elections: INDIA Bloc Arrives At Seat-Sharing Agreement For Assembly Polls, Friendly Fight In 3 Seats
INDIA Bloc Arrives At Seat-Sharing Agreement For Jharkhand Polls, Friendly Fight In 3 Seats
Pawar Family Hosts Separate Diwali Events For 1st Time As Ajit, Sharad Gear Up For Maharashtra Polls
Pawar Power Split: Pawar Family Hosts Two Diwalis For 1st Time As Ajit, Sharad Gear Up For Polls
Advertisement
ABP Premium

Videos

Maharashtra Election: If Numbers Are Needed, Who Will You Choose? Devendra Fadnavis Makes a 'Prediction'Maharashtra Election: Listen to Raj Thackeray's Take On Who Will Be Maharashtra's Next CM | Raj Thackeray ExclusiveMaharashtra Election: Ajit Pawar Speaks Out on Allegations of Collusion with Sharad Pawar | Ajit Pawar ExclusiveChirag Paswan Exclusive Interview: Responds with Laughter on Marriage, Uncle, Nitish & PM Modi | ABP LIVE

Photo Gallery

Embed widget