Discover and read the best of Twitter Threads about #BudgetSession

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Old or new?

Which tax regime is better after Budget 2023-24.

Read the thread to know more ⬇️

#BudgetSession #Budget2023

Prominent changes in the new tax regime (image) ⬇️

If your annual income is up to Rs 7 lakh-

Under new tax regime: No tax
Under the old tax regime: No tax.

But, you'd have to claim standard deduction of Rs 50,000 and 80C benefit of Rs 1.5 lakh.
Read 8 tweets
A careful analysis of #Budget2023 reveals huge structural issues that all Indians MUST be concerned about-

1/6: ₹10.7 lakh cr of India’s total budget (₹45 lakh cr) goes for interest payments. While most nations use 8-12% of their budgets for this, India uses a shocking 23.9%!
2/6: The @BJP4India Govt levies almost the same quantum of taxes on companies (₹9.22 lakh cr) as on individual taxpayers (₹9 lakh cr). Mind you, India’s bottom 50% also accounts for 64% of GST revenues.

Is imposing higher taxes on ordinary citizens #AmritKaal’s core mantra?
3/6: The BJP GoI has slashed allocations for the NSAP (which provides a safety net for the elderly, widows, disabled persons etc.) by a whooping 340% (from ₹42.4K cr (2020-’21 AE) to ₹9.6K cr this year!

Whatever happened to sabka saath, sabka vikas?

Read 6 tweets
We're breaking #Budget2023 down for you.

Sit back, relax, and have a great read! 👇

Infra gets boost:

- Highest ever capital outlay of Rs. 2.40 lakh crores for Railways

- 50-year interest-free loans to states one more year for infra spends

Agri & Fisheries to benefit:

- Agricultural accelerator fund to promote agri-startups

- 10,000 bio-input resource centres in next 3 yrs to promote natural farming

- 6000 Cr outlay for Animal husbandry, dairy, and fisheries
Read 28 tweets
Union Finance Minister Nirmala Sitharaman presenting Union Budget 2023-24 #Budget2023 #BudgetSession #Budget Image
Indian economy has increased from being 10th to 5th in the world. EPFO membership doubled to 27 crore and digital payments of 126 lakh crore rupees made through UPI: Sitharaman @nsitharamanoffc #Budget2023 #BudgetSession #Budget
Priority no 1 is inclusive development - covering farmers, women, youth, OBCs, divyang etc. Sustained focus of Jammu & Kashmir, Ladakh and the North East: Sitharaman @nsitharamanoffc #Budget2023 #BudgetSession #Budget
Read 19 tweets
Current year Estimated GDP growth 7%
Per capita income doubled in last 9 years
Universalisation of targeted scheme

Make all targeted scheme as universal scheme Madam FM.
PDS and MGNREGA is the priority.
Read 65 tweets
Nirmala Sitharaman presents #Budget2022 in Parliament, #Sensex jumps over 800 points

Catch all the #BudgetSession2022 live updates.👇…

The Budget seeks to lay a blueprint for the next 25 years, says the finance minister.

“We are confident of withstanding challenges amid the coronavirus pandemic,” says #NirmalaSitharaman.

Catch all the #Budget2022 live updates.👇…
Nirmala Sitharaman says the government strives to provide necessary ecosystem for middle class.

“This Budget hopes to lay the foundation for Amrit Kal from India at 75 to India at 100,” she adds.

Catch all the #Budget2022 live updates.👇…
Read 64 tweets
Hello readers!

The Union budget speech is seconds away!

Stay tuned for #BudgetBytes
FM reiterates estimated GDP growth of 9.2%. Recognises potential for robust growth despite omicron.

Committed to strengthening the abilities of the poor and financial inclusion: FM

Read 55 tweets
#EconomicSurvey2022 #UnionBudget2022

Changing mix of stimulus measures by government.
#EconomicSurvey2022 #UnionBudget

Direct and indirect tax revenue trends
#EconomicSurvey2022 #UnionBudget

GST average collection improves
Read 27 tweets
राज्य सभा में बजट पर चर्चा के दौरान @RJDforIndia सांसद @manojkjhadu ने गांव कनेक्शन द्वारा #lockdown में कराए गए सर्व की चर्चा की। उन्होंने कहा "शिक्षा, माइग्रेशन, मनरेगा, कृषि पर नीतियां बनाने से पहले सरकार को गांव कनेक्शन की रिपोर्ट पढ़नी चाहिए" #Thread…
राज्य सभा में जिस #GCRuralSurvey की चर्चा हुई,उससे जुड़ी विस्तृत जानकारी व खबरें यहां पढ़िए #Thread 2

हर 10 में से 9 व्यक्तियों ने कहा #lockdown में हुई आर्थिक तंगी, 23 फीसदी को खर्च चलाने के लिए लेना पड़ा कर्ज़

#Budget2021 #Economic crisis #RuralIndia…
वो कौन सा वर्ग था जिसका कामकाज #Covid_19 में सबसे ज्यादा प्रभावित हुआ? नौकरी पेशा को लगता है उसका नुकसान हुआ, व्यापारी को लगता है सबसे ज्यादा घाटा उसका हुआ, लेकिन देश का सबसे बड़ा ग्रामीण सर्वे क्या कहता है देखिए? #Thread 3
#GCRuralSurvey #lockdown…
Read 6 tweets
DMK, CPI, AAP and Shiv Sena have given Suspension of Business Notice in Rajya Sabha under rule 267 over 'the plight of protesting farmers in Delhi'.

Congress MP KC Venugopal has given Zero Hour notice in Rajya Sabha demanding 'reduction of central excise duty and cess on petroleum products'.
BJP MP Harnath Singh Yadav has given Zero Hour notice in Rajya Sabha over 'use of Hindi and other languages in Supreme Court and High Courts'.
Read 4 tweets
A thread on #UnionBudget2021
Will try to cover as much as possible...

Speech starts amid slogans, Madam Finance Minister goes ahead!
Explaining health crisis (previous 8 mth review of all mini budgets commences)

Total estimate of all relief provided in mini budgets = 27.1 lakh crore, ~13% of GDP...(Actual cash outgo is a lot less)

Quote: Rabindranath Tagore (WB elections in focus)
Analogy: Team India's success in Australia - Youth having abundant potential.

Lowest death rates of Covid.
Earlier contractions typical to India, this time, contraction is of a global nature. (Not our problem alone).

But we will still provide relief measures for the economy...
Read 32 tweets
Earlier, in #LokSabha, FM also outlined a 7-point plan to boost consumption:

1. Minimum Support Price (MSP) increased for all mandated Rabi and Kharif crops for 2019-20

2. PM- KISAN extended to all farmers irrespective of holding size. Rs. 50,000 cr has reached 8.1 cr farmers.
3. To extend social security, the government has approved a new scheme for providing pension to the trader community.

4. GST rate on all electric vehicles reduced to 5% from 12%.

#BudgetSession2020 #BudgetSession
5. Dividend Distribution Tax has been removed

6. Corporate tax will also give money in the hands of people who are retail shareholders

7. Alternative personal income tax rates will benefit and give more money for consumption


#BudgetSession2020 #BudgetSession
Read 3 tweets
In #LokSabha, FM outlined a 13-point plan to improve public and private investments:

1. The amendment to IBC helped fast tracking the insolvency resolution process

2. Rs.103 lakh cr worth of projects have been announced in the National Infrastructure Pipeline

3. Reduced corporate tax rate for domestic companies to 22% without any exemptions; Minimum Alternative Tax removed

4. Infusion of Rs. 60,314 crore till November 2019 into public sector banks

5. Strong banks are an imperative to achieve the $5 trillion economy. Efficiency gains from the consolidation of public banks exercise is expected to bring down the cost of lending

Read 9 tweets
LIVE blog: Finance Minister Nirmala Sitharaman to present Budget 2020 at 11 am…
Copies of the Union Budget reach Parliament. Follow all live updates on #Budget2020 here:…
Live now: Union Finance Minister Nirmala Sitharaman tables 15th Finance Commission panel report. #Budget2020…
Read 93 tweets
#Parliament reconvenes today for the final #BudgetSession of this govt. We are watching out for two key bills: the Aadhaar Amendments Bill and the DNA Bill. Concerned citizens have sent a letter to @MVenkaiahNaidu and @narendramodi demanding withdrawal and scrutiny of the Bills. ImageImage
Briefly, the #AadhaarAmendmentsBill seeks to circumvent the SC Judgment on #Aadhaar and allow private entities to use Aadhaar-based biometric authentication/ eKYC. In effect, the Bill gives the govt power to create new laws allowing private entities to use the Aadhaar number.
We remain deeply concerned that the government has shown no urgency regarding the #DataProtectionBill, nor has it ensured that #Aadhaar-based authentication is used only on a purely voluntary basis even for subsidies and welfare schemes as recommended by the SC.
Read 6 tweets

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