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HOME » Economy » Union Budget 2023 live updates: Modi Govt announces New Tax slab

Union Budget 2023 live updates: Modi Govt announces New Tax slab

Sabita Mishra
by Sabita Mishra
1 February 2023
in Economy, Trending
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Union Budget 2023 live updates
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Read Union Budget 2023 live updates here:

Union Budget 2023 live updates:

Today, Finance Minister Nirmala Sitharaman is presenting the 2023 Union Budget.
1:02 PM- 0 tax upto 7 lakh, 5% for 3-6 lakh, 15% for 9-12lakh, and 30% for 15lakh+

Personal #IncomeTax for the hardworking middle class

Currently, those with an income of Rs 5 lakhs do not pay any income tax and I proposed to increase the rebate limit to Rs 7 lakhs in the new tax regime

Finance Minister @nsitharaman

#Budget2023 #AmritKaalBudget pic.twitter.com/4PBNa3KsG5

— PIB India (@PIB_India) February 1, 2023

12:50 PM- Pradhan Mantri Kaushal Vikas Yojana 4.0, to skill lakhs of youth within next 3 years

#Budget2023

Pradhan Mantri Kaushal Vikas Yojana 4.0 to be launched to skill lakhs of youth within next 3 years – on-job training, industry partnership, alignment of courses with industry needs to be emphasized, new age courses like coding, robotics to be included

— PIB India (@PIB_India) February 1, 2023

12:47 PM- Cotton gets Budget boost

Union Budget 2023 live updates:

12:30 PM- As TFI predicted, Modi government has catered to the demand of the middle class, by raising the tax rebate from Rs 5 lakh to Rs 7 lakh

Read more: Budget 2023: Long wait for middle class is going to end now

12:26 PM- Trade refinancing under IFSCA ACT

12:25 PM- 36 Skill India International centres

12:24 PM- Pan India national apprenticeship scheme, direct benefit transfer to 47 lakh youth in 3 years

12:22 PM- For MSMEs: Rs 9,000 crore for revamped Credit Guarantee Scheme

Union Budget 2023 live updates:

12:21 PM- 19700 crore outlay for green hydrogen plan

12:20 PM – Amrit Darohar scheme to be implemented over next 3 years

12:17 PM- Scheme to replace old polluting vehicles

12:16 PM- Vision of Make AI in India and Make AI Work for India, 3 Centres of Excellence for Artificial Intelligence to be set up

12:15 PM- To encourage indigenous production of LGD (Lab-Grown Diamonds) seeds & machines and to reduce import dependency, a research & development grant will be provided to one of the IITs for five years

Union Budget 2023 live updates:

12:15 PM- The Jan Vishwas Bill has been introduced to amend 42 central acts & unleash the potential of our economy

12:14 PM- National Calamity Custom duty on specified cigrettes proposed to be revised up to 16 percent, says Sitharaman

12:13 PM- Fiscal deficit for FY24 projected at 5.9% of GDP

12:12 PM- ‘Mahila Samman Saving Certificate,’ a new small savings scheme with a deposit limit of up to Rs 2 lakh in the name of women, will be offered for 2 years until March 2025 with a 2-year tenor, 7.5% fixed rate, and partial withdrawal option. The senior citizen saving scheme’s maximum deposit has increased from Rs 15 lakh to Rs 30 lakh.

12:10 PM- FM Sitharaman proposes to reduces the number of basic customs duty rates

Union Budget 2023 live updates:

12:09 PM- 100 labs for 5G apps development

12:07 PM- The maximum deposit for senior citizen saving scheme to be enhanced for Rs 15 lakh to Rs 30 lakh

12:05 PM- FM announces Rs 35 crore for energy transition and net-zero carbon emission target

12:03 PM- India is moving forward firmly for the ‘panchamrat’ – the net zero carbon emission by 2070

11:59 AM- PAN will be a common identifier for digital systems

11:58 AM- Rs 19,700 crore outlay for green hydrogen plan

#Budget2023

National Green Hydrogen Mission with outlay of Rs. 19,700 crores will facilitate transition to economy to low carbon intensity, our target is to reach annual production of 5 MMT by 2030#AmritKaalBudget

— PIB India (@PIB_India) February 1, 2023

Union Budget 2023 live updates:

11:57 AM- Phase 3 of E courts project outlay: 7k crore

11:55 AM- Railway outlay at 2.40 lakh crore

11:51 AM- 50 Additional airports and heliports to be revived

11:50 AM- Capital Investment to be 3.3% of GDP

Union Budget 2023 live updates:

11:40 AM- 10 lakh crore outlay for Capital Investment

11:38 AM- PM AWAS outlays enhanced by 66% to over 79k crore

11:36 AM- Cities will be incentivized to improve credit worthiness of municipal bonds, says FM

11:35 AM- Will set up 3 centers under Make-AI-in-India to conduct research, says FM

Budget 2023: Finance Minister announces Agriculture Accelerator Fund

Read @ANI Story | https://t.co/73fZATYVfj#NirmalaSitharaman #Agriculture #BudgetSession #UnionBudget2023 #BudgetSession pic.twitter.com/NmuOTehqKI

— ANI Digital (@ani_digital) February 1, 2023

Union Budget updates:

11:35 AM- Serving tribal students under Eklavya Model

11:33 AM- Centre to recruit 38,800 teachers

#Budget2023

38,000 teachers and support staff to be recruited in next 3 years, for 740 Eklavya Model Residential Schools serving 3.5 lakh tribal students#AmritKaalBudget

— PIB India (@PIB_India) February 1, 2023

11:30 AM- National Digital Library for children and Adolescents

11:29 AM- Focus on boosting health infrastructure in tribal areas

The government proposes to set up a national digital library for facilitating the availability of quality books

States will be encouraged to set up physical libraries at panchayat and ward levels and provide infrastructure for accessing the national digital library resources pic.twitter.com/ZKkcR6EVaw

— PIB India (@PIB_India) February 1, 2023

Union Budget 2023 live updates:

11:28 AM- New Program for research in pharma

11:27 AM- Priority 4 – Health, Education and Skilling

11:26 AM- Priority 3 – Boosting Financial Sector

11:25 AM- Mission to eliminate sickle cell anemia by 2047

Budget 2023 Live Updates | Finance Minister Sitharaman presents Union Budget 2023-24

LIVE @ANI | https://t.co/C7SLIRbTTQ#NirmalaSitharaman #UnionBudget2023 #UnionBudget #BudgetSession #Parliament #Budget2023 pic.twitter.com/X4DzDx8ZFg

— ANI Digital (@ani_digital) February 1, 2023

Union Budget updates:

11:24 AM- 157 New Nursing colleges in 4 locations

11:23 AM- Priority 2 – Reaching the last mile

11:22 AM- To spend Rs 6000 crore to expand fishery markets, says FM

11:22 AM- Agri credit target to be increased to 20 lakh crore

11:21 AM- PM Matsya Yojana to have new sub-scheme

Agriculture Credit Target to be increased to Rs. 20 lakh crores, with focus on animal husbandry, dairy, and fisheries

A new sub-scheme of PM Matsya Sampada Yojana to be launched, with a targeted investment of Rs. 6000 crores#AmritKaalBudget #Budget2023 pic.twitter.com/q0pJSWWIC4

— PIB India (@PIB_India) February 1, 2023

Union Budget updates:

11:20 AM-  2200 crore for Aatmanirbhar clean plant.

11: 18 AM-  Digital Infrastructure for Agriculture, acceleration of funds for agri-startups, transform agricultural practices

11:18 AM- Priority 1 – Sustained focus on Jammu and Kashmir and North-East

11:17 AM- Budget adopts seven priorities

#Budget2023 adopts 7 Priorities will act as Saptarshis guiding through #AmritKaal

1 Inclusive development
2 Reaching last mile
3 Infrastructure & investment
4 unleashing potential
5 Green growth
6 Youth Power
7 Financial Sector: Finance Minister @nsitharaman#AmritKaalBudget pic.twitter.com/yt7bSyY5AO

— PIB India (@PIB_India) February 1, 2023

Union Budget 2023 live updates:

11:16 AM- Green power and Financial sector is the focus

11:15 AM- Promotion of tourism will be on mission mode

11:14 AM- New scheme for artisans

11:13 AM- Focus on Eco empowerment of women

Union Budget live updates:

11:12 AM- Boost macro economic stability

11:11 AM- 11.7 cr new households now have toilets.

11:09 AM- Per Capita doubled to 1.97 lakh.

Union Budget live updates:

11:07 AM- Youth, women, farmers and OBCs in focus.

11:04 AM- Budget is a blue print for next 100 years.

11:01 AM- First budget in the Amrit Kaal.

Tags: 3.3% of GDPAmrit KaalBudget 2023Budget breakingBudget Speechfinance ministerfinance minister nirmala sitharamanMiddle ClassNew tax regimeNew tax slabPersonal income taxTax RebateUnion Budget 2023 live updates
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Sabita Mishra

Sabita Mishra

Associate Editor, TFI Media. Writer. Interest in Politics. Otaku

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