Major Highlights of Budget 2023

Major Highlights of Budget 2023
01/02/2023
Budget
Shuvashis Bandyopadhyay Blog

New Income Tax Slabs 2023 - 24



Major Highlights

  • Railways get highest ever allocation of Rs 2.4 Lakh Crore
  • Agricultural credit target increased to Rs 20 Lakh Crore
  • 50 additional Airports, Heliports planned
  • Mahila Samman Savings Certificate for two years, deposits of up to Rs 2 Lakh at 7.5% Interest
  • Senior Citizen’s Savings Scheme deposit limit raised to Rs 30 Lakh
  • Income tax rebate limit increased from Rs 5 Lakh to Rs 7 Lakh under new tax regime
  • Allocation for PM Awas Yojna increased by 66 % to over Rs 79,000 Crore
  • 157 New Nursing Colleges in Major Locations
  • Eklavya Model Residential Schools - 38,800 Teachers will be hired
  • 3 centers for excellence for AI will be set up in Top Educational Institutes
  • Green Hydrogen Mission for reduced dependence on fossil fuel
  • 30 Skill India international centers to be set up
  • Natural Farming - 1 Crore farmers will get assistance