BUDGET 2023 • First Budget in Amrit Kaal • Implementing free food scheme for the next 1 year – 2 lac cr to be borne by center • Current Years growth estimate at 7%
• Per Capita Income doubled to 1.97 Lac • 7 priorities of Budget - Inclusive development - Reaching the last mile - Infra investment
- Green growth - Youth power - Financial sector - Unleashing Potential • Launch Atma Nirbhar Clean Program
• Spend 2200 cr on high-value horticulture • Agri Credit target increased to 20 lakh cr
• 157 new nursing colleges to be established n co-location with the existing 157 med colleges since 2014
New Pharma Program for R&D through Centre for Excellence • National Digital Library for Children and Adolescents to be set up. • 6000 crs for promoting fisherie
• 15000 crs for 3 years for dev action plan for scheduled tribe • 38800 teachers to be recruited for 740 eklavya model residential schools serving 3.5 lac
• New Tax Slabs in the New Regime: - 0 - 3 Lacs – 0% - 3 - 6 Lacs – 5% - 6 - 9 Lacs – 10% - 9 - 12 Lacs – 15%
• Rebate increased from 5 lacs to 7 lacs for tax free income in the new tax regime
o 12 – 15 Lacs – 20% o > 15 Lacs – 30% • Highest Surcharge rate reduced to 25% from 37% in the new tax regime. Reduction of Max Tax Rate to 39%
TOTAL HIGHLIGHTS IN THE BELOW LINK