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Budget 2023: What’s cheaper and what’s costlier, know here

In her budget speech, the Finance Minister mentioned the things that are getting cheaper and things that are getting costlier

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Budget 2023

Union Finance Minister Nirmala Sitharaman has presented the Union General budget of 2023. In this general budget, many big announcements have been made by the central government. In which reduction in tax slab is the biggest announcement.

The government abolished the old tax system. During this, the Finance Minister has also mentioned the things that are being made cheaper and things that are getting costlier.

Let’s know which things will be cheaper and on which things will have to pay more money.

These things will be cheaper

  • Mobile phones and camera lenses will be cheaper
  • Imported silver will be cheaper
  • Equipment related to LED TV and Biogas will be cheaper
  • Custom duty on certain TV components reduced
  • Electric cars, toys and cycles will be cheaper
  • Custom duty reduced on heat coils

Read Also: Budget 2023: Middle class woes memes flock the social media platforms

These things will be expensive

  • Gold-silver and platinum will be expensive.
  • Cigarettes will be costlier, duty increased to 16 per cent
  • Imported Doors and Kitchen Chimney
  • Imported toys

Big updates of budget speech

  • Under the Senior Citizen Savings Scheme, the limit of Rs 15 lakh has been increased to Rs 30 lakh.
  • Under the Monthly Income Account Scheme, the existing limit of Rs.4.5 lakh is being increased to Rs.9 lakh.
  • Mahila Samman savings letters will be issued, whose tenure will be for two years and under this, two lakh rupees can be deposited in the name of a woman or a girl child for two years.
  • Common ID for entities will be PAN. 95% of the confiscated amount of MSME will be returned. The amount seized in the Corona epidemic will be returned.
  • 35 thousand crore rupees will be invested in the field of energy security. Rs 20,700 crore will be invested in the renewable energy sector.
  • Pradhan Mantri Kaushal Vikas Yojana 4.0 will be launched. 30 ‘Skill India International Centers’ will be set up in the country.

Budget 2023: Government announces Agriculture Accelerator Fund, agri credit boosted to Rs 20 lakh crore

Budget 2023 will meet expectations of every section, says MoS Finance Pankaj Chaudhary

India News

Karnataka clears internal quota for scheduled castes, cabinet approves revised formula

Karnataka has approved a new internal quota system for Scheduled Castes, redistributing the 15% reservation and enabling recruitment to resume.

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The Karnataka government has approved a revised internal reservation formula for Scheduled Castes (SCs), marking a significant policy decision aimed at ensuring fair distribution of benefits among sub-groups.

The decision was taken during a special cabinet meeting led by Chief Minister Siddaramaiah. The approved formula redistributes the existing 15% SC reservation into three internal categories.

Under the new structure, 5.25% reservation each has been allocated to the “left-hand” and “right-hand” SC groups, while 4.5% has been earmarked for other Scheduled Caste communities, including nomadic groups.

Recruitment to resume after policy clearance

With the cabinet giving its nod, the government is expected to restart long-pending recruitment processes. Officials indicated that fresh notifications will be issued under the revised quota system, allowing hiring to move forward.

The move is expected to unlock thousands of government job vacancies that had been on hold due to the absence of clarity on internal reservation.

Decision shaped by legal constraints

The revised quota formula has been structured to comply with the Supreme Court-mandated 50% ceiling on total reservations. Earlier, the state had proposed increasing the SC quota to 17% and Scheduled Tribes (ST) quota to 7%, but this could not be implemented due to legal limitations.

As a result, the government retained the SC reservation at 15% and proportionately adjusted the internal distribution among sub-categories.

Shift from earlier quota structure

The new formula replaces the earlier proposed 6:6:5 distribution model. The cabinet revised these figures proportionately to align with the 15% cap, resulting in the current 5.25:5.25:4.5 structure.

The classification divides SC communities into three groups to address disparities in access to reservation benefits across sub-castes.

Aim to ensure equitable representation

The government has said the decision is intended to bring more balance and fairness in reservation benefits among different SC communities. The categorisation is expected to improve representation of relatively underrepresented groups within the SC category.

The cabinet’s approval is seen as a key step in addressing long-standing demands for internal reservation among Scheduled Castes in the state.

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LPG rules change from May 1: Commercial cylinder prices hiked, dual connections restricted

From price hikes to stricter connection rules, major LPG changes from May 1 impact both households and businesses across India.

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LPG price hike

Several important changes related to LPG cylinders have come into effect from May 1, impacting both consumers and businesses across India. The most significant update is a sharp increase in commercial LPG cylinder prices, while new restrictions aim to curb misuse of connections.

According to latest updates, the price of a 19-kg commercial LPG cylinder has been increased by Rs 993, taking the rate in Delhi to around Rs 3,071.50. This steep hike is expected to impact restaurants, hotels, and small businesses that rely heavily on commercial gas.

Domestic LPG prices remain unchanged

Despite the increase in commercial cylinder rates, there has been no change in domestic LPG cylinder prices. Household consumers will continue to pay the existing rates for 14.2-kg cylinders, providing some relief amid rising fuel costs.

Dual LPG connections under scrutiny

Authorities have tightened rules around LPG usage, particularly targeting dual or multiple connections. The move is aimed at preventing misuse and ensuring fair distribution of subsidised cylinders. Reports indicate that stricter monitoring mechanisms, including eKYC verification and tracking systems, are being implemented.

New delivery and booking rules likely

Changes are also being introduced in the LPG booking and delivery system. Consumers may need to follow updated procedures such as OTP-based delivery verification and revised booking intervals. These steps are designed to improve transparency and reduce fraudulent practices in cylinder distribution.

Global factors driving price increase

The rise in commercial LPG prices is largely linked to global energy market disruptions. Ongoing geopolitical tensions have pushed crude oil prices higher, leading to increased fuel costs worldwide.

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Mamata Banerjee visits strongroom, TMC protests over alleged EVM irregularities in Bengal

Mamata Banerjee inspected a strongroom in Kolkata as TMC alleged EVM irregularities ahead of vote counting, sparking political tensions.

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mamta banerjee

West Bengal witnessed high political tension late Thursday night after Chief Minister Mamata Banerjee visited an Electronic Voting Machine (EVM) strongroom in Kolkata amid allegations of irregularities raised by her party, the Trinamool Congress (TMC).

The development came just days before the counting of votes for the 2026 Assembly elections, intensifying the already charged political atmosphere in the state.

TMC alleges ballot boxes opened without agents

The TMC claimed that ballot boxes were opened without the presence of authorised party representatives, raising concerns about the integrity of the electoral process. Party leaders staged a sit-in protest outside the strongroom, demanding transparency and stricter monitoring.

According to reports, Banerjee visited the counting centre in the Bhabanipur constituency and spent several hours inside the strongroom to personally inspect the situation. She later warned against any attempt to tamper with the voting process and called for stronger safeguards, including CCTV monitoring.

The party also cited alleged visual evidence suggesting that ballot boxes had been accessed without proper oversight.

Election Commission rejects allegations

The Election Commission dismissed the allegations, stating that all procedures were followed as per protocol and that EVMs and ballot boxes remain secure.

Officials clarified that certain strongroom openings were conducted as part of standard procedures, including handling of postal ballots, and that political parties were informed in advance.

BJP counters claims, calls it ‘fear tactics’

Leaders from the Bharatiya Janata Party (BJP) rejected the TMC’s accusations, alleging that the ruling party was attempting to create confusion ahead of the counting day.

They described the claims as politically motivated and aimed at influencing public perception before results are declared.

High-stakes contest ahead of results

The late-night developments highlight the intense political rivalry between the TMC and BJP in West Bengal. With counting scheduled in the coming days, tensions remain high as both sides closely monitor the security of EVMs.

The 2026 Assembly elections in the state have already seen record voter participation, making the outcome crucial for all major political players.

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