Budget 2023 Reactions LIVE: Amit Shah Says Push To Cooperative Sector 'All-inclusive, Visionary'
Union Budget 2023-24 Reactions LIVE: Follow this page to stay updated with the latest reactions on Union Budget 2023.
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Background
Budget 2023: The crucial day is here when Prime Minister Narendra Modi-led NDA government 2.0 will be presenting its last full-fledged budget ahead of the Lok Sabha polls in 2024. Citizens are expecting several pocket-friendly announcements from Finance Minister Nirmala Sitharaman.
To make people aware of the pro-people measured announced in the Budget, the BJP will start a 12-day nationwide campaign on Wednesday.
The government may try to appease every sector of society to consolidate its grip on power. From major industries to MSMEs, salaried classes to farmers, and education to healthcare, everyone is eyeing some relief from this Budget.
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.
Income Tax
1. Taxpayers are hoping for further exemption in the current taxable income from Rs 2.5 lakh per annum to Rs 5 lakh per annum. According to experts, this may result in extra savings of approximately Rs 1,000 per month for all taxpayers.
2. Salaried individuals also hope for the exemption ceiling under 80C to be extended from the current Rs 1.5 lakh to Rs 2.5 lakh in a fiscal year.
3. Currently, an individual can claim a deduction for health insurance premiums and expenses for up to Rs 25,000. Experts say that given the increase in medical expenses, the limit should be enhanced to Rs 50,000.
4. The salaried class is also hoping for some rationalise in the new tax slab structure. Introduced in Budget 2020, the new tax regime has lower rates of taxation but there is no option to claim any deductions on house rent allowance, investments, insurance premiums etc.
Health Sector
1. As per experts, the healthcare sector needs commercially low capital-intensive projects at district and taluka levels to address large patient volumes and access affordable pricing for quality services.
2. The healthcare industry is also waiting for the government to enhance its budgetary support in increasing healthcare and insurance penetration following the pandemic.
Budget 2023 Reactions LIVE: Rajasthan Political Leaders Give Mixed Reactions To Modi Govt's Union Budget
Rajasthan Chief Minister Ashok Gehlot launched an attack on the Union Budget and said that the budget is 'a great disappointment for Rajasthan.'
Taking to social media, Gehlot wrote, "If we talk about the Union budget in the context of Rajasthan, then this budget has been a great disappointment for the state." Stating that people are in a distressed mood in the state, he said, "People of the state are disappointed because the central government did not accept our demands of giving national status to ERCP, an important project related to the development of Rajasthan state."
केंद्रीय बजट की यदि राजस्थान के संदर्भ में बात की जाये तो यह बजट प्रदेश के लिए घोर निराशाजनक रहा।राजस्थान राज्य के विकास से संबंधित महत्वपूर्ण परियोजना ERCP को राष्ट्रीय दर्जा देने की हमारी वाजिब मांग को केंद्र सरकार द्वारा स्वीकार नहीं किये जाने से प्रदेशवासियों को निराशा हुई है pic.twitter.com/VxY4QdnRNu
— Ashok Gehlot (@ashokgehlot51) February 1, 2023
While Rajasthan Bharatiya Janata Party state president Dr Satish Poonia has described the budget as an 'all-inclusive budget'. Poonia said that the expectations of the middle class and deprived sections would be fulfilled from this budget. "Every category has got something or the other in the budget," he added.
यह अमृतकाल का बजट है।
— Satish Poonia (@DrSatishPoonia) February 1, 2023
वैश्विक मंदी के बावजूद दुनिया ने भारत की आर्थिक स्थिति को सराहा है। हमारी अर्थव्यवस्था सही रास्ते पर है।
- श्रीमती @nsitharaman #AmritKaalBudget pic.twitter.com/bxNA4LBsyi
Budget 2023 Reactions LIVE: Rajasthan Political Leaders Give Mixed Reactions To Modi Govt's Union Budget
Rajasthan Chief Minister Ashok Gehlot launched an attack on the Union Budget and said that the budget is 'a great disappointment for Rajasthan.'
Taking to social media, Gehlot wrote, "If we talk about the Union budget in the context of Rajasthan, then this budget has been a great disappointment for the state." Stating that people are in a distressed mood in the state, he said, "People of the state are disappointed because the central government did not accept our demands of giving national status to ERCP, an important project related to the development of Rajasthan state."
केंद्रीय बजट की यदि राजस्थान के संदर्भ में बात की जाये तो यह बजट प्रदेश के लिए घोर निराशाजनक रहा।राजस्थान राज्य के विकास से संबंधित महत्वपूर्ण परियोजना ERCP को राष्ट्रीय दर्जा देने की हमारी वाजिब मांग को केंद्र सरकार द्वारा स्वीकार नहीं किये जाने से प्रदेशवासियों को निराशा हुई है pic.twitter.com/VxY4QdnRNu
— Ashok Gehlot (@ashokgehlot51) February 1, 2023
While Rajasthan Bharatiya Janata Party state president Dr Satish Poonia has described the budget as an 'all-inclusive budget'. Poonia said that the expectations of the middle class and deprived sections would be fulfilled from this budget. "Every category has got something or the other in the budget," he added.
यह अमृतकाल का बजट है।
— Satish Poonia (@DrSatishPoonia) February 1, 2023
वैश्विक मंदी के बावजूद दुनिया ने भारत की आर्थिक स्थिति को सराहा है। हमारी अर्थव्यवस्था सही रास्ते पर है।
- श्रीमती @nsitharaman #AmritKaalBudget pic.twitter.com/bxNA4LBsyi
Budget 2023 Reactions LIVE: Amit Shah Says Push To Cooperative Sector 'All-inclusive, Visionary'
31 मार्च 2024 तक बनने वाली मैन्युफैक्चरिंग क्षेत्र की सहकारी समितियों को सिर्फ 15% टैक्स के दायरे में रखने पर मोदी जी का आभार।
— Amit Shah (@AmitShah) February 1, 2023
नकद निकासी पर TDS की अधिकतम सीमा ₹3 करोड़ करने, PACS व PCARDBs द्वारा नकद जमा व ऋण के लिए प्रति सदस्य ₹2 लाख की सीमा प्रदान करने का निर्णय सरहनीय है।
Budget 2023 Reactions LIVE: Good Aspects Of Budget Need To Be Appreciated, Says Odisha CM Naveen Patnaik
I welcome PM's trust in millets. Odisha millet mission is a pioneering initiative. I'm happy that millet was given importance in budget. Focus on new-world technologies like artificial intelligence is appreciable. The focus on primitive tribal groups is a welcome step: Odisha CM pic.twitter.com/qn7UxEy5KQ
— ANI (@ANI) February 1, 2023
Budget 2023 Reactions LIVE: Good Aspects Of Budget Need To Be Appreciated, Says Odisha CM Naveen Patnaik
I welcome PM's trust in millets. Odisha millet mission is a pioneering initiative. I'm happy that millet was given importance in budget. Focus on new-world technologies like artificial intelligence is appreciable. The focus on primitive tribal groups is a welcome step: Odisha CM pic.twitter.com/qn7UxEy5KQ
— ANI (@ANI) February 1, 2023
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