Is it everything we expected to be?
Budget 2023
2023 financial budget has been presented with the target of bringing fiscal deficit to 5.9% of GDP.
Capital expenditure has been increased to 10 lakh crore, the highest in India's history.
Indirect and corporate taxes have seen a few changes, offering relief to beneficial sub-groups.
Personal income tax has been made the default regime, with tax rebate increased from 5L to 7L.
TCS through LRS has been increased to 20% with LRS for educational purposes unchanged.
Ecological conservation has been the focus, with an outlay of <span class='webrupee'>₹</span>4,000 crore for 'Digital India'.
Defense and insurance sectors have not seen a considerable push.
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