Morning Digest: February 2, 2023
1 year, 10 months ago

Morning Digest: February 2, 2023

The Hindu  

Jobs get highest mention in last Budget before elections In a bid to soothe several votebanks before the 2024 polls, the FM promises tax relief for the salaried middle class, schemes for artisans and tribal groups, sops for women and MSMEs, and jobs for youth. Defence budget up by 13%; hike in allocation for pension The Union Budget presented in Parliament by Finance Minister Nirmala Sitharaman on Wednesday allocated ₹5.94 lakh crore for the Defence Ministry, a 13% increase year-on-year from last year’s budget estimates. A slew of schemes to promote green energy, sustainable living dots Budget speech Underlining a commitment to accelerate the Indian economy’s transition to one powered by green energy, Union Finance Minister Nirmala Sitharaman in her Budget speech on Wednesday mentioned a slew of schemes aimed at promoting clean energy and sustainable living. Congress calls Union Budget ‘callous,’ says it betrays the hopes of the vast majority The Union Budget for 2023-24 is “callous” and has betrayed the hopes of a vast majority of Indians, former Finance Minister P. Chidambaram said on Wednesday while putting forward the Congress party’s response to the last full Budget of the Narendra Modi government before the 2024 Lok Sabha polls. Budget 2023 | Decrease in allocations to agricultural schemes, food subsidy draws flak from farmers’ organisations The Union Budget, presented by Finance Minister Nirmala Sitharaman here on Wednesday, announced a number of measures for the agriculture sector, including an increase in the credit target to ₹20 lakh crore, with focus on animal husbandry, dairy and fisheries.

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