‘ALL INCLUSIVE’ BUDGET!

The govt has simplified the slabs in the new tax regime. There will be no tax on income on up to `7 lakh a year -- up from `5 lakh.

For the railways, the minister announced an outlay of `2.4 lakh crore — the highest in almost a decade and four times the last year’s budget.

The PAN will be used as a common identifier for all digital systems of

First budget of Amrit Kaal....the world has recognised India as a bright star. Economic growth for the current year (2022-23) is estimated at 7 per cent... is the highest among all major economies.

—Nirmala Sitharaman, Union Finance Minister

Major Takeways

specified govt agencies.

The KYC process will be simplified and a one-stop update of identity will be established through Digilocker service and Aadhaar.

The government will spend a record `10 lakh crore on longer term capital expenditure.

In another populist measure, the agricultural credit target has

A SPOILSPORT AFTER BUDGET...

now been increased to `20 lakh crore.

Allocation for Prime Minister Awas Yojna increased by 66 per cent to over `79,000 crore.

The government has promised 50 new airports and helipads.

To settle commercial disputes, the government will bring another dispute resolution scheme.