{"id":48,"date":"2023-01-31T15:49:00","date_gmt":"2023-01-31T15:49:00","guid":{"rendered":"https:\/\/demo.codevibrant.com\/mag-portal-demos\/mag-portal\/?p=48"},"modified":"2023-05-16T02:28:31","modified_gmt":"2023-05-16T02:28:31","slug":"infrastructure-push-continues-relief-for-indian-middle-class-before-elections","status":"publish","type":"post","link":"https:\/\/indiastockguru.com\/index.php\/2023\/01\/31\/infrastructure-push-continues-relief-for-indian-middle-class-before-elections\/","title":{"rendered":"Infrastructure push continues, Relief for Indian Middle Class Before Elections<\/strong>"},"content":{"rendered":"\n

Budget Highlights are as follows:<\/p>\n\n\n\n

\u00b7   11.4 cr farmers received cash transfer of Rs 2.2 trillion cash.<\/p>\n\n\n\n

\u00b7   Rs 2,200 cr to be spent on \u2018atmanirbhar plant program\u2019.<\/p>\n\n\n\n

\u00b7   Agriculture credit target to be increased to Rs 20 lakhs, fund to be set up for agri start-ups, digital agri infra to be built.<\/p>\n\n\n\n

\u00b7   Cluster based approach for cotton production via PPP<\/p>\n\n\n\n

\u00b7   Rs 6000 crore sub-scheme for fishermen and fish vendors.<\/p>\n\n\n\n

\u00b7   162 new nursing colleges with medical colleges will be opened.<\/p>\n\n\n\n

\u00b7   A national digital library for children and adults will be opened for the availability of a variety of books.<\/p>\n\n\n\n

\u00b7   Rs 2516 cr investment for 63000 agriculture credit societies.<\/p>\n\n\n\n

\u00b7   National co-operative database to be created to promote co-operative societies.<\/p>\n\n\n\n

\u00b7   Capital investment outlay for infrastructure is 33% up to Rs 10 lakh crore<\/p>\n\n\n\n

\u00b7   Rs 15000 cr investment for PM Awas yojana increased by 66% to Rs 79000 crore.<\/p>\n\n\n\n

\u00b7   Rs 2.04 lakh crore to be provided for railways, highest ever outlay for railways.  <\/p>\n\n\n\n

\u00b7   Government\u2019s aim is \u2018Make AI in India\u2019 and \u2018Make AI work for India\u2019 -Three centers of artificial intelligence will be set up in leading educational institutions.<\/p>\n\n\n\n

\u00b7   Rs 10, 000 crore urban infra fund will be created.<\/p>\n\n\n\n

\u00b7   KYC process to be further simplified.<\/p>\n\n\n\n

\u00b7   PAN to be used as common ID for businesses<\/p>\n\n\n\n

\u00b7   100 labs to be set up for developing 5G services.<\/p>\n\n\n\n

\u00b7   Rs 7000 cr outlay for e-courts.<\/p>\n\n\n\n

\u00b7   Zero carbon emission by 2070.<\/p>\n\n\n\n

\u00b7   Rs 19,700 crore capital outlay for green hydrogen mission.<\/p>\n\n\n\n

\u00b7   Rs 35,000 crore for energy transition and net zero objectives.<\/p>\n\n\n\n

\u00b7   200 new biogas plants will be set up.<\/p>\n\n\n\n

\u00b7   Replacing old government vehicles and respective fund will be created.<\/p>\n\n\n\n

\u00b7   30 skill India international centers will be set up.<\/p>\n\n\n\n

\u00b7   Credit guarantee scheme for MSMEs with Rs 9000 cr corpus.<\/p>\n\n\n\n

\u00b7   The Amending of Banking Regulation Act is being proposed by the government in the budget.<\/p>\n\n\n\n

\u00b7   Maximum deposit limit for senior citizens will be increased from 15 lakh to 30 lakh.<\/p>\n\n\n\n

\u00b7   Fiscal deficit target is 5.9% of GDP for FY24.<\/p>\n\n\n\n

\u00b7   States allowed a fiscal deficit of 3.5% of GSDP.<\/p>\n\n\n\n

\u00b7   Exempt excise duty on biogas.<\/p>\n\n\n\n

\u00b7   Duties on gold, diamond and silver articles \u2013 doors, panels, slabs to be increased.<\/p>\n\n\n\n

\u00b7   Duty on compounded rubber to be increased.<\/p>\n\n\n\n

\u00b7   Reduce customs duty on open cells of TVs, camera lens, mobile mobile parts, kitchen chimneys, shrimps, phone batteries.<\/p>\n\n\n\n

\u00b7   To further ease the ITR process.<\/p>\n\n\n\n

\u00b7   Income tax rebate limit to be increased from Rs 5-7 lakh. <\/p>\n\n\n\n

\u00b7   New personal income tax slabs are as follows:<\/p>\n\n\n\n

\u00b7   Rs 3-6 lakh = 5% income tax<\/p>\n\n\n\n

\u00b7   Rs 6-9 lakh =10% income tax<\/p>\n\n\n\n

\u00b7   Rs 9-15 lakh = 15% income tax<\/p>\n\n\n\n

\u00b7   Rs 12-15 lakh= 20% income tax<\/p>\n\n\n\n

\u00b7   Above 15 lakh =30% income tax<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Budget Highlights are as follows: \u00b7   11.4 cr farmers received cash transfer of Rs 2.2 trillion cash. \u00b7   Rs 2,200 cr to be spent on \u2018atmanirbhar plant program\u2019. \u00b7   Agriculture credit target to be increased to Rs 20 lakhs, fund to be set up for agri start-ups, digital agri infra to be […]<\/p>\n","protected":false},"author":3,"featured_media":1252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","om_disable_all_campaigns":false,"_mi_skip_tracking":false},"categories":[5],"tags":[10],"yoast_head":"\nInfrastructure push continues, Relief for Indian Middle Class Before Elections - Indiastockguru<\/title>\n<meta name=\"description\" content=\"Budget Highlights are as follows:\u00b7 \u00a0 11.4 cr farmers received cash transfer of Rs 2.2 trillion cash.\u00b7 \u00a0 Rs 2,200 cr to be spent on \u2018atmanirbhar plant program\u2019.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/indiastockguru.com\/index.php\/2023\/01\/31\/infrastructure-push-continues-relief-for-indian-middle-class-before-elections\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Infrastructure push continues, Relief for Indian Middle Class Before Elections - 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