Live Updates and discussion on Union Budget 2023-2024

Booster for Railways

Capital outlay of Rs 2.40 lakh crore will be provided for railways; 9x over FY14

7000cr Outlay for third Phase of E Courts :FM #Budget2023

One stop KYC maintenance system #FM
For business establishments required to have Permanent Account Number, the PAN will be used as a common identifier for all Digital Systems of specified government agencies: FM Nirmala Sitharaman

FM on steps to enhance ease of doing business
More than 39,000 compliances have been reduced and more than 3,400 legal provisions have been de-criminalised to improve ease of doing business

Phase-III of e-courts will be launched, says FM Sitharaman #BudgetSession2023

Digilocker- One stop KYC maintenance system

For business establishments required to have Permanent Account Number, the PAN will be used as a common identifier for all Digital Systems of specified government agencies: FM Nirmala Sitharaman #Budget2023

47.8 crore Jan Dhan accounts opened: FM

As many as 47.8 crore Jan Dhan accounts have been opened so far, a scheme which was launched in 2014 as a national mission for financial inclusion. The Jan Dhan Yojana was announced by Prime Minister Narendra Modi in his Independence Day address in 2014, and it was launched on August 28 in the same year.

PAN to be used as common business ID For business establishments required to have Permanent Account Number (PAN), it will be used as a common identifier for all digital systems of specified government agencies, announces Finance Minister Nirmala Sitharaman in Budget 2023.

Pushing for transport infra projects

50 additional airports, heliports, water aerodromes, and advanced landing zones to be revitalised. 100 critical transport infra projects for steel, ports, fertiliser, coal, foodgrain sectors have been identified with an investment of Rs75,000 crore including Rs 15,000 crore from private sources. 
#Budget2023 

#BudgetSession2023 PAN will be used as common identifier for businesses across govt agencies to enhance ease of doing business. We need to see the alternative for non-resident businesses as they would not have PAN

Customs duty on lab grown diamonds to be reduced #FMSitharaman

#UnionBudget2023 New program for pharmaceuticals will be formulated and investment in research would be encouraged… if tax and other incentives are included, it should boost pharmaceuticals industry Reduction in compliance and relaxation of regulatory provisions is a welcome move from ease of doing business perspective 

#Budget2023

PM Pranam to be launched to incentivise states and UTs to use alternative fertilisers, says FM Sitharaman

The government will launch Pradhan Mantri Kaushal Vikas Yojana 4.0. In order to skill the youth for international opportunities, 30 Skill India International Centres will be set up across different States, FM Nirmala Sitharaman

Revamped credit guarantee scheme will take effect from April 1, 2023, through the infusion of Rs 9,000 crore in the corpus. This will enable additional collateral-free credit of Rs 2 lakh crore to MSMEs. #Budget2023

Govt to take up mangrove plantation along the coastline under the new scheme, says FM