Union Budget Playbook: Everything you need to know about Nirmala Sitharaman's election Budget

The highly anticipated Union Budget, fifth by Finance Minister Nirmala Sitharaman, and Modi 2.0 government's last full one before general elections in 2024, is out! Here is a compendium of all important announcements from the annual financial statement.
Last Updated 01 February 2023, 13:23 IST

FM Sitharaman kicked off her speech by looking back at the troubled times of Covid

The government ensured that no one went hungry during the pandemic by providing free foodgrains to 80 crore poor people, Finance Minister Nirmala Sitharaman said.

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FM Sitharaman lists the 'saptarishi' of Union Budget 2023

Finance Minister Sitharaman outlined the seven priorities of this year's Union Budget. "These priorities complement each other and act as the 'saptarishi' guiding us through the Amrit Kaal," the finance minister said.

These priorities comprise "inclusive development, reaching the last mile, infrastructure and investment, unleashing the potential, green growth, youth power, and financial sector."

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12:4801 Feb 2023

Union Budget 2023: Major shakeup in Income Tax slabs, new tax regime is default

The biggest announcement of the day was on the direct taxes front. Finance minister Nirmala Sitharaman announced no tax for those with annual income of up to Rs 7 lakh under the new tax regime but made no changes for those who continue in the old regime that provides for tax exemptions and deductions on investments and expenses such as HRA.

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(Published 01 February 2023, 12:45 IST)

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