{"id":19175,"date":"2023-02-03T14:16:12","date_gmt":"2023-02-03T08:46:12","guid":{"rendered":"https:\/\/www.iquanta.in\/blog\/?p=19175"},"modified":"2023-02-03T14:18:04","modified_gmt":"2023-02-03T08:48:04","slug":"indian-union-budget-2023-overview","status":"publish","type":"post","link":"https:\/\/www.iquanta.in\/blog\/indian-union-budget-2023-overview\/","title":{"rendered":"Indian Union Budget 2023 : Overview, Taxation, Pricing of Commodities"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.iquanta.in\/blog\/indian-union-budget-2023-overview\/#Indian_Union_Budget_2023\" >Indian Union Budget 2023<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.iquanta.in\/blog\/indian-union-budget-2023-overview\/#Key_Terms_to_Remember\" >Key Terms to Remember\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.iquanta.in\/blog\/indian-union-budget-2023-overview\/#Prior_NET_GDP_Growth_Inflation_Rate\" >Prior NET GDP Growth : Inflation Rate<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.iquanta.in\/blog\/indian-union-budget-2023-overview\/#Introduction_To_The_Union_Budget_2023\" >Introduction To The Union Budget 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.iquanta.in\/blog\/indian-union-budget-2023-overview\/#7_Sections_of_The_Budget\" >7 Sections of The Budget<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.iquanta.in\/blog\/indian-union-budget-2023-overview\/#Inclusive_Development\" >Inclusive Development\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.iquanta.in\/blog\/indian-union-budget-2023-overview\/#Infrastructure_Development\" >Infrastructure Development\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.iquanta.in\/blog\/indian-union-budget-2023-overview\/#Railways_allotment\" >Railways allotment\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.iquanta.in\/blog\/indian-union-budget-2023-overview\/#Highest_amount_ever_with_almost_34_trillion_%E2%80%93_along_with_establishing_50_new_airports_sustainable_cities_%E2%80%93_using_both_RIDF_%E2%80%93_Rural_Infrastructure_Development_Fund_and_Municipal_Bonds\" >Highest amount ever with almost 3.4 trillion \u2013 along with establishing 50 new airports, sustainable cities \u2013 using both RIDF \u2013 Rural Infrastructure Development Fund and Municipal Bonds.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.iquanta.in\/blog\/indian-union-budget-2023-overview\/#Marginal_Community_Development\" >Marginal Community Development\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.iquanta.in\/blog\/indian-union-budget-2023-overview\/#Green_Growth\" >Green Growth\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.iquanta.in\/blog\/indian-union-budget-2023-overview\/#Banking_and_Financial_Development\" >Banking and Financial Development<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.iquanta.in\/blog\/indian-union-budget-2023-overview\/#PERSONAL_INCOME_TAX\" >PERSONAL INCOME TAX\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.iquanta.in\/blog\/indian-union-budget-2023-overview\/#Tax_Slabs\" >Tax Slabs<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.iquanta.in\/blog\/indian-union-budget-2023-overview\/#Things_Expected_To_Go_Dearer_Cheaper\" >Things Expected To Go Dearer &amp; Cheaper<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Indian_Union_Budget_2023\"><\/span><strong>Indian Union Budget 2023<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><span class=\"x193iq5w xeuugli x13faqbe x1vvkbs x1xmvt09 x6prxxf xvq8zen xo1l8bm xzsf02u\"><span class=\"x193iq5w xeuugli x13faqbe x1vvkbs x1xmvt09 x6prxxf xvq8zen xo1l8bm xzsf02u\">1st February , 2023 was redolent with the expectations and premonitions of budget circulating all across the country. All eyes were fixed on Finance Minister Nirmala Sitharaman \u2013 as she took to the dais \u2013 feeling the expectation and eagerness of a nation on her shoulders. As the budget unfurled \u2013 the key features of the same slowly came into light \u2013 although garnering some mixed response \u2013 overall the shade was pretty much optimistic \u2013 even earning it the moniker of \u2013 &#8220;middle class friendly budget.&#8221;<\/span><\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Terms_to_Remember\"><\/span><span class=\"x193iq5w xeuugli x13faqbe x1vvkbs x1xmvt09 x6prxxf xvq8zen xo1l8bm xzsf02u\"><span class=\"x193iq5w xeuugli x13faqbe x1vvkbs x1xmvt09 x6prxxf xvq8zen xo1l8bm xzsf02u\"><b>Key Terms to Remember\u00a0<\/b><\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><span class=\"x193iq5w xeuugli x13faqbe x1vvkbs x1xmvt09 x6prxxf xvq8zen xo1l8bm xzsf02u\"><span class=\"x193iq5w xeuugli x13faqbe x1vvkbs x1xmvt09 x6prxxf xvq8zen xo1l8bm xzsf02u\"><b><i>Fiscal Deficit : <\/i><\/b>The difference between total revenue and total expenditure of the government is termed as fiscal deficit. It is an indication of the total borrowings needed by the government. While calculating the total revenue, borrowings are not included. Suppose the GDP of a country is 100 crore and the difference between the income and expenditure is 10cr \u2013 then the fiscal deficit is 10%.<\/span><\/span><\/li>\n<li><b><i>Fiscal Consolidation :\u00a0<\/i><\/b>Fiscal Consolidation is the tendency of the government to spend extra or to check back on it\u2019s expense. It\u2019s largely indicative of what stance a government is taking with its financial policy \u2013 aggressive , defensive or conservative moderate.<\/li>\n<li><strong>GDP :<\/strong> Gross domestic product (GDP) is\u00a0the standard measure of the value added created through the production of goods and services in a country during a certain period. As such, it also measures the income earned from that production, or the total amount spent on final goods and services (less imports).<\/li>\n<li><strong>Inflation:<\/strong> Inflation is the rate of increase in prices over a given period of time. Inflation is typically a broad measure, such as the overall increase in prices or the increase in the cost of living in a country. In layman\u2019s terms \u2013 inflation negates the buying power of money.<\/li>\n<li><b><i>CapEx: <\/i><\/b>Capital expenditures (CapEx) are\u00a0funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technology, or equipment. CapEx is often used to undertake new projects or investments by a company.<\/li>\n<\/ol>\n<div class=\"x1e56ztr\">\n<h3><span class=\"ez-toc-section\" id=\"Prior_NET_GDP_Growth_Inflation_Rate\"><\/span><span class=\"x193iq5w xeuugli x13faqbe x1vvkbs x1xmvt09 x6prxxf xvq8zen xo1l8bm xzsf02u\"><span class=\"x193iq5w xeuugli x13faqbe x1vvkbs x1xmvt09 x6prxxf xvq8zen xo1l8bm xzsf02u\"><b>Prior NET GDP Growth : Inflation Rate<\/b><\/span><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span class=\"x193iq5w xeuugli x13faqbe x1vvkbs x1xmvt09 x6prxxf xvq8zen xo1l8bm xzsf02u\"><span class=\"x193iq5w xeuugli x13faqbe x1vvkbs x1xmvt09 x6prxxf xvq8zen xo1l8bm xzsf02u\"><b><div id=\"footable_parent_19178\"\n         class=\" footable_parent ninja_table_wrapper loading_ninja_table wp_table_data_press_parent semantic_ui colored_table\">\n                <table data-ninja_table_instance=\"ninja_table_instance_0\" data-footable_id=\"19178\" data-filter-delay=\"1000\" aria-label=\"Prior NET GDP Growth : Inflation Rate 2022-23\"            id=\"footable_19178\"\n           data-unique_identifier=\"ninja_table_unique_id_2327961439_19178\"\n           class=\" foo-table ninja_footable foo_table_19178 ninja_table_unique_id_2327961439_19178 ui table  white nt_type_ajax_table vertical_centered inverted footable-paging-right ninja_table_search_disabled ninja_table_pro\">\n                <colgroup>\n                            <col class=\"ninja_column_0 \">\n                            <col class=\"ninja_column_1 \">\n                    <\/colgroup>\n            <\/table>\n    \n    \n    \n<\/div>\n<\/b><\/span><\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Introduction_To_The_Union_Budget_2023\"><\/span><strong>Introduction To The Union Budget 2023<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>It was pretty clear from the starting pitch that the FM intended to build the new budget on the foundations led by the previous budget. One of the key points that was reiterated over and over again was the fact that gross economic growth of India was almost 7% compared to the 22-23 financial year \u2013 the highest among the major economies. What makes this feat even more impressive is that contrary to the western power blocs , India actually was able to able to maintain a neutral political stance on the Russo-Ukrainian War and in fact being able to utilize the situation both to improve the rupee \u2013 rouble relationship between the two countries and also to enjoy the supply of NG at a subsidized rate. The G20 presidency also contributed positively in India\u2019s image as a sensible , rising economic superpower. An outline on various schemes and expanding the budget on them were mentioned \u2013 namely National Hydrogen Mission , Gareeb Kalyan Yojna( Free Food grains to almost 80 Cr underprivileged families) , National Rural Livelihood Mission ( Aimed at economic upliftment of women via programmes like anganwadi , small scale and large enterprises ) , PM Viswakarma Kaushal Samman ( aimed at artisans to increase their reach by tieups with both domestic and international business houses.<\/p>\n<p>It is noted that the term green energy and the employment scope that the industries bring were highlighted even more in this budget \u2013 making it a salient feature in the 23-24 budget.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"7_Sections_of_The_Budget\"><\/span><strong>7 Sections of The Budget<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n<ol>\n<li class=\"x1e56ztr\"><span class=\"x193iq5w xeuugli x13faqbe x1vvkbs x1xmvt09 x6prxxf xvq8zen xo1l8bm xzsf02u\">Inclusive Development<\/span><\/li>\n<li class=\"x1e56ztr\"><span class=\"x193iq5w xeuugli x13faqbe x1vvkbs x1xmvt09 x6prxxf xvq8zen xo1l8bm xzsf02u\">Infrastructure and Development<\/span><\/li>\n<li class=\"x1e56ztr\"><span class=\"x193iq5w xeuugli x13faqbe x1vvkbs x1xmvt09 x6prxxf xvq8zen xo1l8bm xzsf02u\">Reaching the Last Mile<\/span><\/li>\n<li class=\"x1e56ztr\"><span class=\"x193iq5w xeuugli x13faqbe x1vvkbs x1xmvt09 x6prxxf xvq8zen xo1l8bm xzsf02u\">Unleashing the Potential<\/span><\/li>\n<li class=\"x1e56ztr\"><span class=\"x193iq5w xeuugli x13faqbe x1vvkbs x1xmvt09 x6prxxf xvq8zen xo1l8bm xzsf02u\">Green Growth<\/span><\/li>\n<li class=\"x1e56ztr\"><span class=\"x193iq5w xeuugli x13faqbe x1vvkbs x1xmvt09 x6prxxf xvq8zen xo1l8bm xzsf02u\">Youth Power<\/span><\/li>\n<li class=\"x1e56ztr\"><span class=\"x193iq5w xeuugli x13faqbe x1vvkbs x1xmvt09 x6prxxf xvq8zen xo1l8bm xzsf02u\">Financial Sector and Banking<\/span><\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"Inclusive_Development\"><\/span><strong>Inclusive Development\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>This was the first and foremost part that highlighted the \u2018\u2019 Sabb ke saath , sabb ka vikaas \u201c that the PM of India put forward about 2 years ago \u2013 efforts under it included both the allocation and introduction of funds to the new and existing projects namely \u2013 sustained focus on development of Ladakh and states in the NorthEast.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Infrastructure_Development\"><\/span><b>Infrastructure Development\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Agro-Infra:<\/strong><\/p>\n<p><strong>Digitized Public Infrastructure for Farmers &#8211;<\/strong> about raising awareness about pesticide use , upskilling and common technological hub assistance to choose the correct HYV , health benefits to almost 120 crore farmers and agribusinesses were also announced. Modern technology and techniques were also discussed.<\/p>\n<p><b>However the most highlighted part of this agri-infra tieup was the enhanced stress on millets. India ranks currently as the leading supplier of millet in the world \u2013 introducing the west to its health benefits. Sri Anna , Sri Bali are some of the HYV millet strains produced by the ICAR.<\/b><\/p>\n<p><strong>About cotton \u2013<\/strong> a public private relationship was proposed that\u2019d involve state government , farmers , federal and orivate companies. The interest free loan lent to states for 50 years can also be used to achieve the same.<\/p>\n<p><strong>PM Awaas Yojna :<\/strong><br \/>\nBasic shelters with supplies like water , electricity was projected to expand by 66% or 79000 crore rupees.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Railways_allotment\"><\/span><span class=\"x193iq5w xeuugli x13faqbe x1vvkbs x1xmvt09 x6prxxf xvq8zen xo1l8bm xzsf02u\"><b>Railways allotment\u00a0<\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"Highest_amount_ever_with_almost_34_trillion_%E2%80%93_along_with_establishing_50_new_airports_sustainable_cities_%E2%80%93_using_both_RIDF_%E2%80%93_Rural_Infrastructure_Development_Fund_and_Municipal_Bonds\"><\/span><b style=\"color: #222222; font-family: Verdana, BlinkMacSystemFont, -apple-system, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif; font-size: 15px;\">Highest amount ever with almost 3.4 trillion \u2013 <\/b><span style=\"color: #222222; font-family: Verdana, BlinkMacSystemFont, -apple-system, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif; font-size: 15px;\">along with establishing 50 new airports, sustainable cities \u2013 using both RIDF \u2013 Rural Infrastructure Development Fund and Municipal Bonds.<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"Marginal_Community_Development\"><\/span><strong>Marginal Community Development\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Eklavya Schools :<\/strong>\u00a0residential schools for tribal children with full facilities and about 38000 teachers vacancy will help not only to<b>\u00a0empower the backward classes but also to generate employment for educated youth.<\/b><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Green_Growth\"><\/span><strong>Green Growth\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span class=\"x193iq5w xeuugli x13faqbe x1vvkbs x1xmvt09 x6prxxf xvq8zen xo1l8bm xzsf02u\">Arguably the most highlighted and anticipated part of the budget \u2013 it didn\u2019t disappoint. With a grant of almost 35000 crores the FM reminded the nation of the pledge that India took in the COP21 Paris summit to be a zero net emission nation by 2070 to reduce dependency on imported fossil fuels. With the RBI granting almost 16000 crores in green bonds \u2013 this bond will only augment to the environmental vision that India has. GOBARDHAN \u2013 the bio gas initiative and PM Pranam : launched against the use of chemical pesticide to protect soil sanctity also played a vital part in her speech as the stance about Climatic vision was firmly clear : no compromise with pollution.<\/span><\/p>\n<p>Tax exemption on Li batteries and renewable batteries although subtle , will play a vital part in the clean switch to clean energy.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Banking_and_Financial_Development\"><\/span><b>Banking and Financial Development <\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In order to improve investor protection \u2013 certain gurantee and amendments are promised. The amendments include those of BRA \u2013 Banking Regulation Act , BOI Act and Banking Companies Act will be revised and amended.<\/p>\n<p><span class=\"x193iq5w xeuugli x13faqbe x1vvkbs x1xmvt09 x6prxxf xvq8zen xo1l8bm xzsf02u\">The role of SEBI to enforce , mandate and monitor the market is expected to draw more investors in search of comfort and ease of both investment and withdrawal. The use of an integrated IT portal proposed to be installed will also help to provide logistical support to the companies.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"PERSONAL_INCOME_TAX\"><\/span><b>PERSONAL INCOME TAX\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>One of the most anticipated part of the budget \u2013 the common people looked forward to this part with bated breath. The 22-23 budget\u2019s six slab rule only increased to the woes of the middle class and even to some extent lower middle class. However in this budget the number of tax slabs reduced to 5 from 6 with exemption limit extended upto 3L.<\/p>\n<p><b><i>Added to that \u2013 a clear demarcation between old IT Regime and new IT regime was also another important point that set this year\u2019s budget different.<\/i><\/b><\/p>\n<ul>\n<li><span class=\"x193iq5w xeuugli x13faqbe x1vvkbs x1xmvt09 x6prxxf xvq8zen xo1l8bm xzsf02u\"><b>Rebate limit increased to 7 Lakhs \u2013 no income tax upto 7 lakhs.<\/b><\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Tax_Slabs\"><\/span><span class=\"x193iq5w xeuugli x13faqbe x1vvkbs x1xmvt09 x6prxxf xvq8zen xo1l8bm xzsf02u\"><b>Tax Slabs <\/b><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div id=\"footable_parent_19179\"\n         class=\" footable_parent ninja_table_wrapper loading_ninja_table wp_table_data_press_parent semantic_ui colored_table\">\n                <table data-ninja_table_instance=\"ninja_table_instance_1\" data-footable_id=\"19179\" data-filter-delay=\"1000\" aria-label=\"Tax Slabs 2023\"            id=\"footable_19179\"\n           data-unique_identifier=\"ninja_table_unique_id_3518104684_19179\"\n           class=\" foo-table ninja_footable foo_table_19179 ninja_table_unique_id_3518104684_19179 ui table  white nt_type_ajax_table vertical_centered inverted footable-paging-right ninja_table_search_disabled ninja_table_pro\">\n                <colgroup>\n                            <col class=\"ninja_column_0 \">\n                            <col class=\"ninja_column_1 \">\n                    <\/colgroup>\n            <\/table>\n    \n    \n    \n<\/div>\n\n<p><strong>Direct Tax revenue aimed : 38000 CR<\/strong><br \/>\n<strong>Indirect Tax Revenue : 10000 CR<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Things_Expected_To_Go_Dearer_Cheaper\"><\/span><strong>Things Expected To Go Dearer &amp; Cheaper<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div id=\"footable_parent_19181\"\n         class=\" footable_parent ninja_table_wrapper loading_ninja_table wp_table_data_press_parent semantic_ui colored_table\">\n                <table data-ninja_table_instance=\"ninja_table_instance_2\" data-footable_id=\"19181\" data-filter-delay=\"1000\" aria-label=\"Things To Go Dearer &amp; Cheaper\"            id=\"footable_19181\"\n           data-unique_identifier=\"ninja_table_unique_id_1804738468_19181\"\n           class=\" foo-table ninja_footable foo_table_19181 ninja_table_unique_id_1804738468_19181 ui table  white nt_type_ajax_table vertical_centered inverted footable-paging-right ninja_table_search_disabled ninja_table_pro\">\n                <colgroup>\n                            <col class=\"ninja_column_0 \">\n                            <col class=\"ninja_column_1 \">\n                    <\/colgroup>\n            <\/table>\n    \n    \n    \n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Indian Union Budget 2023 1st February , 2023 was redolent with the expectations and premonitions of budget circulating all across the country. All eyes were fixed on Finance Minister Nirmala Sitharaman \u2013 as she took to the dais \u2013 feeling the expectation and eagerness of a nation on her shoulders. As the budget unfurled \u2013 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19184,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[367],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.4 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Indian Union Budget 2023 : Overview, Taxation, Pricing of Commodities<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.iquanta.in\/blog\/indian-union-budget-2023-overview\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indian Union Budget 2023 : Overview, Taxation, Pricing of Commodities\" \/>\n<meta property=\"og:description\" content=\"Indian Union Budget 2023 1st February , 2023 was redolent with the expectations and premonitions of budget circulating all across the country. All eyes were fixed on Finance Minister Nirmala Sitharaman \u2013 as she took to the dais \u2013 feeling the expectation and eagerness of a nation on her shoulders. 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