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Union Budget 2023: Amrit Kaal's first budget to lay strong foundation for a developed India: PM Modi

Prime Minister Modi underlines govt's efforts towards enhancing lives of women

Written by  Jasleen Kaur -- February 01st 2023 03:10 PM
Union Budget 2023: Amrit Kaal's first budget to lay strong foundation for a developed India: PM Modi

Union Budget 2023: Amrit Kaal's first budget to lay strong foundation for a developed India: PM Modi

Union Budget 2023: Prime Minister Narendra Modi on Wednesday hailed the "first budget of Amrit Kaal" and said it would lay a strong foundation for building a developed India.

Prime Minister Narendra said the Union Budget 2023 gave priority to the deprived and would fulfill the dreams of aspirational society, farmers and middle class. "The first budget of Amrit Kaal will build a strong foundation for building a developed India. It gives priority to the deprived. This budget will fulfil the dreams of an aspirational society, including poor people, middle-class people, and farmers. I congratulate Nirmala Sitharaman and his team for this historic budget," PM Modi said in a televised address.


Also Read | Union Budget 2023: All about tax slabs in new income tax regime | Explained

Noting that PM Vishvakarma Kaushal Samman will bring a huge change in the lives of 'Vishvakarmas', the Prime Minister said that for the first time schemes relating to their support has been incorporated into the Union Budget 2023.


"Those toiling traditionally through their hands for the country, 'Vishvakarmas' are the creators of this country. For the first time scheme related to training and support for 'Vishvakarma' has been brought into the budget. Preparations have been made for their training, technology, credit and market support. PM Vishvakarma Kaushal Samman means PM Vikas will bring about a huge change in the lives of crores of Vishwakarma," the Prime Minister said.

Prime Minister Modi underlined the government's efforts to enhance the lives of women.

"The government has taken several steps to make the lives of women, in rural and urban areas, easy. Women's self-help groups will further enhance them. Special savings scheme will be started empowering women in households," the PM said.

Finance Minister Nirmala Sitharaman presented the Union Budget 2023 in the Lok Sabha on Wednesday. This was the third time in a row that the government presented the budget in a paperless form.

Also Read | Union Budget 2023: Know members of team who prepared Budget this year

Highlights of the Union Budget 2023 presented by the Union Finance Minister included big incentives under the new income tax regime. The IT rebate limit in the new regime has been increased from Rs 5 lakh to Rs 7 lakh and the new tax regime will be the default tax regime, the Finance Minister said. Capital expenditure outlay has been increased by 33 per cent to Rs 10 lakh crore, accounting for 3.3 per cent of the GDP.

- ANI

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