Budget 2023: For the ongoing financial year, capex target was set at Rs 7.5 lakh crore and included Rs 1 lakh crore as a capex-only, interest-free loan to states for 50 years
It is expected that a single common identifier in the form of PAN will make simplify procedures for investors
Union Minister of Finance Nirmala Sitharaman announced a slew of measures with a major emphasis aimed at popularising the new tax regime, by increasing the exemption limit from Rs 5 lakh to Rs 7 lakh under the new regime. Now, the new tax regime will be the default regime, but the old will still continue
The budget announcement comes after the government in January increased the interest rates for SCSS deposits from 7.6 per cent to 8 per cent.