Скачать или смотреть [Budget] 2023 explained!!

On 1st February 2023, the Finance Minister, Nirmala Sitharaman, outlined the budget for the upcoming fiscal year. The new budget serves as the blueprint for an inclusive and empowered economy. The budget listed seven main priorities, namely:
Green Growth
Youth Power
Financial Sector
Inclusive Development
Reaching the Last Mile
Infrastructure and Investment
Unleashing the Potential
Let’s look at the main highlights of the budget and how they impact you:

Budget and the Economy

The Capital Expenditure (CapEx) outlay has increased by 33% to amount to 3.3% of the GDP at INR 10 lakh crore, while the effective CapEx will be 4.5% of the GDP that is INR 13.7 lakh crore.
The budget aims to keep the fiscal deficit at 5.9%, while states are allowed a deficit of 3.5% of GSDP. Of this, 0.5% should be tied to power sector reforms.
The new tax regime increases the rebate limit to INR 7 lakh.

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