Budget 2023 Highlights: From New Income Tax Slabs to Custom Duty Revision, Here Are Major Announcements Made by FM Nirmala Sitharaman

 Union Finance Minister Nirmala Sitharaman today presented Budget for 2023-24 wherein she announced new tax slabs in the new tax regime and revised custom duty on select commodities. Prime Minister Narendra Modi hailed the "first Budget of Amrit Kaal" and said that it would lay a strong foundation for building a developed India. Read full story here.

The income tax exemption limit has been increased to Rs 3 lakh under the new income tax regime, as announced by Finance Minister Nirmala Sitharaman in Budget 2023.

Finance Minister Nirmala Sitharaman, while presenting Budget for 2023-24, announced to increase the income tax rebate limit to Rs 7 lakh under new tax regime.

Finance Minister Nirmala Sitharaman, while presenting Budget for 2023-24, announced to increase custom duty on cigarettes. It means cigarettes will get costlier in the coming days.

Union Finance Minister Nirmala Sitharaman, while presenting the Budget 2023, said the government will set up 100 labs for developing apps using 5G services in engineering institutions.

The government will launch Pradhan Mantri Kaushal Vikas Yojana 4.0, Finance Minister Nirmala Sitharaman announced in the Budget 2023. "To skill the youth for international opportunities, 30 Skill India International Centres will be set up across different states," she added.

Union Finance Minister Nirmala Sitharaman in Budget 2023 announced that PAN card will be used as a common identifier for all Digital Systems of specified government agencies for business establishments required to have Permanent Account Number (PAN).

Union Finance Minister Nirmala Sitharaman, while presenting the Budget 2023, has announced that 50-year interest free loan to state governments will be extended for one more year.

Union Finance Minister Nirmala Sitharaman, while presenting the Budget 2023, announced that the government will recruit 38,800 teachers for Eklavaya Model Residential Schools to impart quality education in tribal communities.

Union Finance Minister Nirmala Sitharaman, while presenting the Budget 2023, announced that the government will establish 157 new nursing colleges in colocation with the existing 157 medical colleges established in the country since 2014.

Presenting the Union Budget 2023-24 in Parliament, Finance Minister Nirmala Sitharaman announced that the government will set up an Agriculture Accelerator Fund to encourage agri-startups by young entrepreneurs.

Promotion of tourism will be takes up on mission mode, said Finance Minister Nirmala Sitharaman while presenting the Union Budget 2023-24 in Parliament. She is expected to make some announcement on the income tax regime. Stay here for live news updates and highlights of the Budget 2023.

Presenting the Union Budget 2023-24 in Parliament, Finance Minister Nirmala Sitharaman said that the Indian economy had become the fifth largest economy in the world. "Government's efforts since 2014 have ensured for all citizens, a better quality of life and life of dignity. The per capita income has more than doubled to Rs 1.97 lakh. In these nine years, the Indian economy has increased in size from being 10th to 5th largest in the world," she said.

Union Finance Minister Nirmala Sitharaman is presenting the Union Budget in Parliament. Starting her speech, Nirmala Sitharaman said it is the first Budget of the "Amrit Kaal".

Union Finance Minister Nirmala Sitharaman has arrived at Parliament. She is all set to present the Union Budget 2023. Will the Budget 2023 bring good news for the poor and middle class? Will the income tax exemption limit be raised? Will a new income tax regime be introduced? Follow live news updates here to know. India Budget 2023 Live Streaming: Watch Finance Minister Nirmala Sitharaman Presenting Union Budget in Parliament and Live Updates on Budgetary Announcements.

Ahead of the Budget presentation in Parliament, Parliamentary Affairs Minister Pralhad Joshi said it will be a "pro-poor" and "pro-middle class" budget. Catch live news updates on the Budget 2023 here.

Copies of the Union Budget 2023 have been brought to Parliament. Before bringing the copies inside the Parliament, sniffer dogs sniffed them. Union Finance Minister Nirmala Sitharaman will present the Budget 2023 in Parliament at 11 am. Stay connected with us to catch live news updates and highlights of the Union Budget.

The Union Cabinet is set to approve the Union Budget 2023 after which it will be presented in Parliament by Union Finance Minister Nirmala Sitharaman. Stay here with us for the Budget 2023-24 live news updates and highlights of the budgetary announcements.

Union Finance Minister Nirmala Sitharaman will present the Union Budget 2023-24 in Parliament shortly. Copies of the Budget have been brought to Parliament. At 11 am, Nirmala Sitharaman will start her budget speech.