Lieutenant Governor Manoj Sinha on Wednesday hailed the “first budget of Amrit Kaal” and said that rapid growth & welfare of Aam Aadmi is at the centre of Budget 2023-24.
” I am grateful to FM Smt. Nirmala Sitharaman Ji & Hon’ble PM Narendra Modi Ji for accelerating tempo of growth in Handloom & Handicraft sector through PM VIKAS. It will greatly benefit lakhs of Artisans of J&K UT,” LG sinha Said.
In a tweet, LG Manoj Sinha wrote, “the first budget of Amrit Kaal presented by FM Nirmala Sitharaman Ji under the guidance of Hon’ble PM Shri narendramodi Ji is to ensure sustained, equitable & inclusive growth and to achieve the milestone of 5 Trillion Dollar economy & to transform India into a global powerhouse.”
He said that vision for Amrit Kaal-opportunities for citizens with focus on youth, growth & job creation, strong & stable macro-economic environment and priorities to farmers, women, marginalised sections, middle class & infrastructure will put the economy to its optimum growth path.
Lt Governor said, increased investment on infrastructure and employment generation, green growth, agriculture accelerator fund, targeted funding for animal husbandry & Atmanirbhar Bharat Horticulture Clean Plant Programme & tourism promotion will have a force multiplier impact on economy.
Finance Minister Nirmala Sitharaman presented the Union Budget 2023 today in Lok Sabha. This was the third time in a row that the government presented the budget in a paperless form.
Highlights of the budget presented by the Union Finance Minister included b ig incentives under the new income tax regime. The IT rebate limit in the new regime has been increased from
Rs 5 lakh to Rs 7 lakh and the new tax regime will be the default tax regime, the Finance Minister said. Capital expenditure outlay has been increased by 33 per cent to Rs 10 lakh crore, accounting for 3.3 per cent of the GDP.
