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India Budget 2023 Today: Union Budget Highlights & Expected Changes

India Budget 2023 or Union Budget of India by Finance Minister Nirmala Sitharaman Today: What’s new in the Union Budget 2023?

There have been huge expectations from the Union Budget of India from the common man to economists in the past few weeks. People are expecting this, the budget will bring them some relief in this period of higher inflation. Finance Minister Nirmala Sitharaman’s budget is to be presented on February 01, 2023. The Union Budget 2023 has high expectations from the common man of India.

Union Budget 2023 Date & Time

Finance Minister Nirmala Sitharaman will present the Union Budget in paperless form for the financial year 2023-24 in Parliament on Wednesday i.e. 1 February 2023. This will be Nirmala Sitharaman’s 5th budget as a finance minister of India. The India budget presentation will begin at 01:00 AM onwards.

Union Budget 2023 Expectations & Changes

union budget india expectations

The final process of preparing the India budget 2023-24 started on October 10, 2022. Tomorrow, the Finance Minister will table the budget at parliament. With the last full budget before the general elections, Sitharaman is likely to provide income tax relief to salaried and small traders.

In the upcoming union budget, the government can take decisions to provide relief to borrowers. It is expected that the government will consider the long-pending demand to increase the deduction limit on home loan interest from 2 lakhs to 3 lakhs.

There have also been demands to increase the exemption limit on housing loans to motivate the common man to buy residential properties and to give impetus to the real estate sector. Real estate is second only to agriculture in terms of employment in the country.

Railways will also focus on infrastructure development, Make India high-speed trains and completion of incomplete projects in this budget. In this year’s Union Budget, the entire emphasis of the Modi government will be on infrastructure development, especially projects related to railways and bringing high-speed trains back on track asap.

How & Where to watch the Union Budget live online?

You have many options in addition to TV to watch the live broadcast of the budget 2023. If you want to watch Finance Minister Nirmala Sitharaman’s budget speech live, then it can be seen on Parliament TV and Doordarshan. The live telecast of the budget can also be seen on their YouTube channel.

Apart from this, the Press Information Bureau will also live stream budget 2023 on its online platform. Also, all business channels and almost all general news channels will broadcast it live as well. At the same time, there are many options on YouTube where you can watch the live broadcast of the Union Budget 2023.

Union Budget Mobile App

The Finance Ministry has informed us that along with all the 14 union budgets, you can also see the annual economic statement, the demand for grants and finance bills. For this, you can go to the Union Budget Mobile App and view the budget documents for the general public.

This app is bilingual and you can get all the details related to the budget in English and Hindi language. It is available on Android and iOS platforms. This Union Budget Mobile App can also be downloaded by visiting the general budget web portal www.indiabudget.gov.in.

Indian Budget 2023 in Two Sessions

This Union budget will be presented in two phases. The first phase will run till February 13 and the second phase will start from February 13 till April 6, 2023. There will be 27 sittings during the Union budget session.

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