Jagjit Singh

Budget 2023 LIVE Updates: Local manufacturing to support retail sector push

 FM Sitharaman says, "Budget 2023 gives a big leg-up to capital investment, it also attends to MSMEs as they are the engine of growth, it sustains capital investment and also gives push to private sector while also giving tax reliefs to individuals and middle class."

FM Sitharaman says, "There has been a very robust management of macroeconomics, we have worked together in such a way that we are taking steps to both bring more people into tax net and on prudent expenditure to make money mean more and get more returns."

Four emphasis points of Budget2023 are on empowering women, emphasis on tourism, and empowerment of Vishakarmas (artisans) who create soft power of India through their craftsmanship, green growth

Budget 2023 Live Updates: Finance Secretary TV Somanathan says ability to lower the fiscal deficit below 4.5% by 2025-26

-  The revenue estimates in the FY24 Budget assume a buoyancy of just 1.

- We feel we have the means and ability to lower the fiscal deficit below 4.5 percent by 2025-26

- The Budget does not make any assumption about future crude oil prices.

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