![]() Sanjiv Mehta, chairman and managing director of Hindustan Unilever Limited said, "The provision that you will get a tax reduction only if you pay being on cash basis, is really good for the industry." Mamata Banerjee, the Chief Minister of West Bengal, criticised the Union Budget 2023-2024, calling it "anti-people" and "totally opportunistic." Business He further added that the BJP has never cared about the interests of regular people and will not do so in the foreseeable future either. ![]() New slabs under new tax regimes for individualĪkhilesh Yadav, president of the Samajwadi Party, said that the budget proposed by the BJP government actually makes things worse, such as unemployment and inflation. While presenting the 2023 Union Budget, Finance Minister Nirmala Sitharaman said in her speech: "This Budget lays a futuristic 'Amrit Kaal' for women, youth and marginalised communities, big public investment for infrastructure guided by PM Gati Shakti, productivity enhancement, energy transition and climate action and financing of investments." New tax slab The first Union Budget of Independent India was presented by RK Shanmukham Chetty on 26 November 1947. The first budget of India was presented on 18 February 1860 by Scotsman James Wilson. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. The Union Budget is the annual financial report of India an estimate of income and expenditure of the government on a periodical basis. The Economic Survey for 2022–2023 was released on January 31,2023 before the budget. This was the fourth budget of Narendra Modi-led NDA government's second term, starting from 2020. The 2023 Union Budget of India was presented by the Minister of Finance of India on February 01, 2023.
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