Key Highlights of Budget 2023 

By: Global Trends Hub

Nirman Sitaraman is the first lady to provide 5 budgets in a row. 

1

Govt proposes to increase income tax rebate limit from 5 lakh to Rs 7 lakh in new tax regime.

2

100 labs to be set up for 5G Solutions across engineering Colleges.

3

Senior citizen savings scheme maximum investment limit has been increased from 15 lakh to 30 lakh.

4

Digilocker and Aadhar will be used as a one stop solution addressing KYC Needs.

5

157 New Nursing Colleges will be established in Colocation with the existing 157 medical colleges.

6

Smokers would be charged little higher as cigarettes will become costlier so they would be taxed higher bracket.

7

50 tourist destinations will be selected through the challenge mode to be developed as a whole package.

8

A Capital Outlay of Rs.2.40 lakh Crores has been provided for the Railways.

9

38,000 Teachers will be recruited within three years for Tribal schools.