Mumbaikars standing outside Bombay Stock Exchange in south Mumbai to watch the Budget 2023 speech by Union Finance Minister Nirmala Sitharaman. The Finance Minister further said that the government intends to bring the fiscal deficit below 4.5 per cent of GDP by the financial year 2025-26
As Finance Minister Sitharaman began her Budget 2023 speech, slogans were raised from both sides in the Lok Sabha. This Budget session is expected to be stormy with the opposition parties seeking to raise several issues of their concern
During the Budget 2023, the Finance Minister proposes to increase the agricultural credit target to Rs 20 lakh crore with a focus on animal husbandry, dairy and fisheries, Sitharaman told Parliament. The agriculture sector of the country has been growing at an average annual growth rate of 4.6 per cent in the last six years
On Wednesday, Mumbaikars watch Budget 2023 on a big screen near the Bombay Stock Exchange in south Mumbai. Sitharaman started her Budget 2023 speech at 11 am, the last full Budget of the Modi government in its second term. Like the previous two Union Budgets, Union Budget 2023-24 is also presented in paperless form
The Finance Minister also proposed to change the tax structure in this regime by reducing the number of tax slabs to 5 and increasing the tax exemption limit to Rs 3 lakh
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