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Budget 2023 updates: Congress slams government over NREGS cut

Ahead of the Budget 2023, Sitharaman reached the finance ministry where she is expected to meet President Droupadi Murmu.

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Nirmala Sitharaman announces change in tax structure

Congress slammed the government and asked whether the Capex hike will be met through cuts in the allocation for the MGNREGS.

12:25 pm: FM Nirmala Sitharaman announced a new tax structure under the new tax regime.

The new tax rates are:

  • 0 to Rs 3 lakhs – nil
  • Rs 3 to 6 lakhs – 5%
  • Rs 6 to 9 Lakhs – 10%
  • Rs 9 to 12 Lakhs – 15%
  • Rs 12 to 15 Lakhs – 20% and
  • Above 15 Lakhs – 30%

12:10 pm: Nirmala Sitharaman said the maximum deposit limit for Senior Citizen saving scheme will be increased from Rs 15 to 30 lakh.


12:05 pm: FM Nirmala Sitharaman, during her Budget 2023 speech, said the Centre will set up the Govardhan Scheme to promote a circular economy with a total investment of Rs 10,000 crore.


12:02 pm: FM Nirmala Sitharaman said 50 tourist destinations will be selected through challenge mode to be developed as a whole package for domestic and international tourism.


12:00 pm: Nirmala Sitharaman said 100 laboratories will be set up in engineering institutions for developing applications for 5G services.


11:50 am: FM Nirmala Sitharaman, in her Budget 2023 speech, announced that 50 additional airports, helipads, water aero drones, and advanced landing grounds will be revived to improve regional air connectivity.


11:45 am: Finance Minister Nirmala Sitharaman said the KYC process will be simplified.


11:40 am: Finance Minister Nirmala Sitharaman, in her Budget 2023 speech, said capital investment outlay being increased by 33% to Rs 10 lakh crores, which would be 3.3% of GDP.


11:35 am: Centre will provide Rs 5,300 crore assistance to the drought-prone central region of Karnataka, said Nirmala Sitharaman during the Budget 2023 presentation.


11:30 am: FM Nirmala Sitharaman said assistance for the traditional artisans and craftspeople will be provided under the PM Vishwa Karma Kaushal Samman.


11:15 am: FM Nirmala Sitharaman said the Centre will set up an agriculture accelerator fund and the agriculture credit target will be set up at Rs 20 lakh crore.


11:10 am: FM Nirmala Sitharaman, during the Budget 2023-24 presentation, said the promotion of tourism will be taken up on a mission mode.


11:08: Nirmala Sitharaman began the Budget 2023 speech and said the Indian economy is on the right track and is heading towards a bright future.


11:05 am: Finance Minister Nirmala Sitharaman begins the Budget 2023 speech


10:55 am: Union Cabinet ministers have okayed the Budget 2023 and Finance Minister Nirmala Sitharaman will present it shortly.


9:55 am: Finance Minister Nirmala Sitharaman met President Droupadi Murmu and will then attend the Union Cabinet Meeting. Sitharaman will present the last full budget of the Modi government 2.0 at 11 am.


9:25 am: Finance Minister Nirmala Sitharaman reached Rashtrapati Bhavan to call on President Droupadi Murmu and will further attend the Union Cabinet Meeting.


9:00 am: Finance Minister left for the Parliament with Bahi Khata, to present the Budget 2023 at 11 am.


All eyes are on Union Budget 2023 as it will be presented by Finance Minister Nirmala Sitharaman today at 11 am. Ahead of the Budget 2023, Sitharaman reached the finance ministry where she is expected to meet President Droupadi Murmu.

This is this government’s last full-fledged Budget before the Lok Sabha polls early next year. Union Budget 2023-24 will also be the first normal budget after the coronavirus pandemic.

On Tuesday, Prime Minister Narendra Modi along with President Droupadi Murmu started the Budget Session and addressed the Lok Sabha and Rajya Sabha. In his address, PM Modi said the budget will aim the hopes and aspirations of the common citizen.

Union Budget 2023: 5 big expectations from Nirmala Sitharaman

Budget 2023: No tax cuts yet but it is raining memes already

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BJP-led Mahayuti surges ahead in BMC polls as Thackerays lose Mumbai stronghold

The BJP-led alliance has taken a strong lead in the BMC elections, signalling a major political shift in Mumbai as counting continues across Maharashtra.

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The BJP-led alliance is heading towards a decisive victory in the Brihanmumbai Municipal Corporation (BMC) elections, dealing a major blow to the Thackeray cousins’ long-standing control over Mumbai’s civic administration. Early trends from the ongoing vote count show the ruling alliance opening a clear lead in the country’s richest municipal body.

With results still being tallied, the BJP-led bloc is ahead in 115 wards of the BMC. Of these, the BJP is leading in 86 wards, while Chief Minister Eknath Shinde’s Shiv Sena has an edge in 29 wards.

In contrast, the Thackeray cousins appear to be struggling to retain their grip on the civic body they once dominated for decades. Together, they are leading in 77 wards, with Uddhav Thackeray’s Shiv Sena (UBT) ahead in 71 wards and Raj Thackeray’s Maharashtra Navnirman Sena (MNS) leading in six.

High-stakes election after nine-year gap

The BMC elections were held after a nine-year gap, following a four-year delay, making the contest one of the most closely watched civic polls in Maharashtra. Over 1,700 candidates were in the fray for 227 seats in Mumbai alone. The BMC’s annual budget exceeds Rs 74,400 crore, underscoring the political and financial significance of the results.

In the 2017 elections, the undivided Shiv Sena, which then included Eknath Shinde, had retained control of the BMC, continuing its decades-long dominance.

BJP ahead across Maharashtra civic bodies

The BJP’s strong showing is not limited to Mumbai. Across 29 municipal corporations in Maharashtra, early trends indicate that the party is leading overall. Combined figures show the BJP ahead in 909 wards, while its ally, the Shinde-led Shiv Sena, is leading in 237 wards.

In the party-wise standings, the Congress is placed third with leads in 179 seats, largely from Bhiwandi-Nizampur, Nagpur and Kolhapur. The Shiv Sena (UBT) follows with 118 seats, closely trailed by Ajit Pawar’s NCP, which is leading in 112 wards.

Pune also tilts towards BJP

Pune has emerged as another key battleground, especially as rival factions of the Nationalist Congress Party, led by Ajit Pawar and Sharad Pawar, joined hands for the civic polls. Despite the alliance, the BJP is leading in 52 seats in Pune, while the combined NCP factions are ahead in seven seats.

Large-scale polling across the state

Polling for 2,869 seats across 893 wards in the 29 civic bodies was held on Thursday. Around 3.48 crore voters were eligible to cast their ballots, deciding the political fate of 15,931 candidates, including those contesting in Mumbai.

Besides Mumbai and Pune, counting is underway in several other municipal corporations, including Navi Mumbai, Thane, Kalyan-Dombivli, Nagpur, Nashik, Pimpri-Chinchwad, Vasai-Virar, Mira-Bhayandar, Solapur, Kolhapur and Aurangabad, among others.

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International Bihar and Purvanchal Festival to be held in Sydney on March 22

Praveen Kumar reiterated, “The land of Bihar produces gold. Such a region cannot remain poor. What is needed is collective effort, work in the right direction, and the creation of opportunities for the people.”

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With the objective of providing a new global direction to development, investment, and opportunities in Bihar and the Purvanchal region, the International Bihar and Purvanchal Festival will be organised on March 22, 2026, in Sydney, Australia. This was announced by Praveen Kumar, the chief organiser of the event, during a press conference held in Patna on January 15.

Praveen Kumar said several prominent personalities from India and abroad, along with representatives from industry, policymakers, and members of the Indian diaspora, will participate in the Sydney event.

On this platform, the vision of a “Developed Bihar and Purvanchal” will be formally launched, and a concrete roadmap for Bihar’s overall development will be deliberated upon. He said the festival is not merely a cultural event but a global platform to mobilise international cooperation, investment, and policy-level support for Bihar.

“We will extend support at every level for the development of Bihar and Purvanchal and create opportunities that enable better utilisation of local talent and resources,” Praveen Kumar said.

Referring to his earlier remarks made during a podcast, Praveen Kumar reiterated, “The land of Bihar produces gold. Such a region cannot remain poor. What is needed is collective effort, work in the right direction, and the creation of opportunities for the people.”

It was also informed during the press conference that the Sydney event will feature special sessions on investment, education, skill development, culture, and diaspora engagement for Bihar. The objective is to highlight that Bihar is not only rich in potential but also capable of providing leadership on the global stage.

According to the organisers, the festival will prove to be a significant step towards giving Bihar a new international identity.

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PM Modi urges people to read Tirukkural on Thiruvalluvar Day

Prime Minister Narendra Modi on Thiruvalluvar Day appealed to people to read the Tirukkural, calling it a reflection of the humane and harmonious ideals of Tamil philosopher-poet Thiruvalluvar.

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Prime Minister Narendra Modi on Friday urged people across the country to read the Tirukkural, highlighting its enduring relevance and the intellectual legacy of Tamil philosopher-poet Thiruvalluvar.

Marking Thiruvalluvar Day, which coincides with the Pongal celebrations every year, the prime minister paid tribute to the revered scholar, describing him as a symbol of harmony, compassion and Tamil cultural excellence.

In a message shared on social media platform X, Modi said Thiruvalluvar’s works and ideals continue to inspire countless people even today. He noted that the philosopher envisioned a society rooted in compassion and balance.

The prime minister encouraged citizens to engage with the Tirukkural, a classical Tamil text that deals with various aspects of human life, ethics and governance, calling it a window into the profound intellect of Thiruvalluvar.

Thiruvalluvar Day is observed annually to honour the philosopher-poet, whose literary contributions remain central to Tamil culture and thought.

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