Budget 2023 Date: Finance Minister will present her budget on February 1, know every detail

Budget 2023: Union Finance Minister Nirmala Sitharaman will present the budget for the financial year 2023-24 on 1 February. This will be the fifth and last full budget of the second term of the Modi government.

Union Finance Minister Nirmala Sitharaman will present the budget for the financial year 2023-24 on 1 February.

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Budget 2023 Date and Time: Union Finance Minister Nirmala Sitharaman February 1st for the financial year 2023-24 Budget Will present This will be the fifth and last full budget of the second term of the Modi government. Union budget speech on 1 February 11 a.m. will begin. The budget session is going to start on 31 January. With this general budget, people are expected to change the rules ranging from job profession to children’s education and from home loan to health insurance.

What are the expectations from this budget?

In Budget 2023, the government can announce Production Linked Incentive i.e. PLI scheme for new areas. Apart from this, new announcements can be made to promote one district one product scheme. Its purpose will be to make export hub in India and create new jobs from it.

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The Modi government can also remove the obstacles related to land acquisition in the budget. Apart from this, the government can also announce improvements in basic infrastructure and judicial reforms. The government has also set a target of spending 2.5 per cent of GDP on health by the year 2025. How much relief people can get in this budget 2023 of the government, it will be known only after the presentation of the budget. But people have high hopes from the Modi government.

Tax payers are most affected by the general budget. A major part of the taxpayers are salaried taxpayers. Relief is being expected from the government in the budget, because in this financial year due to inflation, retrenchment, unemployment etc. their pockets have been heavily affected. At present, the limit of tax free income is Rs 2.5 lakh per annum. Tax has to be paid on income above this. This limit was set in the financial year 2014-15 and there has been no change since then. According to experts, in view of inflation, this limit should be increased to Rs 5 lakh. This will increase the purchasing power of taxpayers.

How long will the speech be?

The budget speech can last anywhere between 90 to 120 minutes. The budget speech of the Finance Minister for the year 2020 was the longest speech in the history of independent India. That year’s budget speech lasted for about two hours and 40 minutes. After presenting for 160 minutes, she could not complete the last two pages and had to cut short her budget speech.

At the same time, the time of Finance Minister Sitharaman’s budget speech last year was one hour and 30 minutes. This was Sitharaman’s shortest budget speech so far.

All information will be found here

Union Budget App will answer every question related to your budget. For the information of the people, let us tell you that after the presentation of Budget 2023, you will be able to read every important information related to the budget in both English and Hindi languages ​​through this app.

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The purpose of the government behind bringing this app was that every important information related to the budget should be available to the general public. Please tell that this app has been developed by National Informatics Center.