Union Budget 2023-24: Capital investment outlay increased by 33 percent to Rs. 10 lakh crores. Effective Capital Expenditure at 4.5 percent of GDP, Fiscal Deficit estimated to be 5.9 percent of GDP in 2023-24.
Real GDP is to grow at 7 percent in Financial Year 2022-23, and Exports are to Grow at 12.5 percent in the Financial year 2023.
Atmanirbhar clean plant program with an outlay of Rs. 2,200 crores to be launched to boost the availability of quality planting material for high-value horticultural crops.
157 New Nursing Colleges to be established. The outlay for PM Awas Yojana enhanced by 66 percent to over Rs. 79,000 Crores.
Highest ever capital outlay of Rs. 2.40 lakh crore provided for Railways.
Urban Infrastructure Development Fund (UIDF) is to be established through the use of priority sector lending shortfall.
500 New Waste to Wealth Plants under Gobardhan Scheme to be established at a Total investment of Rs. 10,000 crores.
10,000 Bio-Input Resource Centres to be set up, creating a National-Level Distributed Micro-Fertilizer and pesticide manufacturing network. Mantri Kaushal Vikas Yojana 4.0 to be launched.
Union Budget 2023-24 provides substantial relief for personal income tax: New Slabs announced under the New Tax regime. A resident individual with a total income of up to Rs. 7 lahks will not have to pay any income tax under the new Tax regime. A standard deduction of Rs. 50,000 will also be available to salaried individuals under the new Tax Regime. The limit for tax exemption on leave encashment on the retirement of non-government salaried employees increased to Rs. 25 lahks.
A slew of proposals announced for the cooperative sector, Indirect Tax proposals aim to promote exports, boost domestic manufacturing, and enhance domestic value addition. encourage green energy and mobility.
The number of basic customs duty rates on goods, other than textiles and agriculture, was reduced from 21 to 13. (Maxim News)
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Adani Bribery Case: KTR Demands Telangana Govt To Cancel All Contracts
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Raja Singh Sparks Controversy Again: Advises Ayyappa Devotees’ To Visit Vavar Mosque
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Hyderabad, Nov 22 (Maxim News): Goshamahal BJP MLA Raja Singh, sparked controversy after advising Ayyappa Swamy devotees not to visit the Vavar mosque of Hazrath Vavarswami Darga and mosque—popularly known as Vavar mosque—when traveling to the Sabarimala Temple in Kerala.
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Telangana: DCA Cracks Down On Fake Drug Claims For Critical Illness
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Hyderabad, Nov 22 (Maxim News): The Drug Control Administration (DCA), Telangana State seized several drugs that were circulating in the market with misleading claims of treating Cardiovascular disorders, blood pressure, Ophthalmic diseases/disorders, fevers, and diabetes, which is in contravention of the Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954, a DCA press release said.
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Three Arrested For Practicing Allopathy In Telangana
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Hyderabad, Nov 22 (Maxim News): The drug inspectors of Telangana State Drug Control Administration (TSDCA) conducted raids on the premises of three quacks (unqualified medical practitioners), who were practicing allopathy, at different locations in Telangana State and seized substantial stocks of medicines worth Rs. 83,000, stored illegally for sale.
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Like Praja Palana Forms, Now Caste Survey Applications On Road
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Hyderabad, Nov 22 (Maxim News): The caste census survey applications have been found scattered again and this time near Tarnaka Metro station in the city on Friday. This is the second such incident being reported in the State.
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