Budget 2023 LIVE updates: FM Sitharaman presents her fifth Union Budget

Catch all latest updates on Union Budget 2023-24 here as Finance Minister Nirmala Sitharaman presents the last full Budget of the government before General Elections 2024

11:56 AM

Budget LIVE: PAN to be used for common identifier for all digital systems

Govt to bring National Data Governance policy: FM Sitharaman

 

National Data Governance Policy will enable anonymised data; KYC process will be simplified by adopting risk-based system: Sitharaman

 

PAN will be used for common identifier for all digital systems of specified government agencies: FM Sitharaman

11:53 AM

Budget 2023 LIVE: Govt to create Urban Infrastructure Development Fund

Govt to create Urban Infrastructure Development Fund on lines of Rural Infrastructure Development Fund; to be managed by NHB: FM Sitharaman

11:52 AM

Govt decriminalizes 3,400 legal provisions for enhancing 'ease of doing business'

For enhancing ease of doing business, more than 39,000 compliances have been reduced, over 3,400 legal provisions decriminalised: FM

11:51 AM

Budget 2023 LIVE: Govt to set-up 3 centres of excellence for AI

Three centres of excellence for artificial intelligence will be set up in top educational institutions: FM Sitharaman

11:51 AM

Budget 2023: FM Sitharaman says states, cities will be encouraged to take up urban planning

Newly-established infrastructure finance secretariat will assist all stakeholders in more private investment: FM Sitharaman

 

Expert committee to be set up to make infrastructure classification and financing framework suitable for Amrit Kaal: FM Sitharaman

 

100 critical transport infrastructure projects have been identified for implementation: Finance Minister

 

All cities and towns will be enabled for 100% transition of sewers and septic tanks from manhole to machine hole mode, says FM

 

Cities will be encouraged to increase creditworthiness for municipal bonds: FM Sitharaman

11:46 AM

Budget LIVE: National Digital Library to be set-up, says FM

A National Digital Library for children and adolescents will be set up for facilitating the availability of quality books across geographies, languages, genres and levels and device-agnostic accessibility: FM Nirmala Sitharaman

 

States will be encouraged to set up physical libraries for them at panchayat and ward levels and provide infrastructure for accessing the National Digital Library resources: FM Nirmala Sitharaman

11:43 AM

Centre to continue 50-year interest-free loans to state govts for another year: FM

Centre to continue 50-year interest-free loans to state governments for one more year: FM

11:40 AM

Budget 2023-24 LIVE: Capital investment outlay increased for third year

Capital investment outlay is being increased steeply for third year in a row to Rs 10 lakh crore

 

11:39 AM

Budget 2023 LIVE: PM Awas Yojana outlay hiked by 66%, says FM

PM Awas Yojana outlay hiked by 66 per cent to Rs 79,000 cr: FM Sitharaman

11:38 AM

Govt to provide assistance to drought-prone region of Karnataka: FM

Govt to provide Rs 5,300 cr assistance to drought-prone central region of Karnataka: FM Sitharaman

11:36 AM

Budget 2023: PMPBTG Development mission to be launched; FM allocates Rs 15,000 cr

To improve social-economic condition of the Particularly Tribal Groups, PMPBTG Development mission will be launched, to saturate PBTG habitations with basic facilities. Rs 15,000 cr to be made available to implement scheme in next 3 years: FM Nirmala Sitharaman

11:32 AM

Govt to launch new programme to promote pharmaceuticals research: FM

New programme to promote research in pharmaceuticals: FM Sitharaman

Facilities in select ICMR labs will be made available for research by public and private medical faculties: FM Sitharaman

11:32 AM

LIVE: Agriculture credit target increased, says FM Sitharaman

Agriculture credit target increased to Rs 20 trillion for FY'24, with focus on animal husbandry, dairy and fisheries: FM Sitharaman

11:29 AM

Budget 2023 LIVE: Digital public infra for agriculture will be built, says FM

Digital public infrastructure for agriculture will be built as open source, open standard and interoperable public good: FM

 

Agri accelerator fund will be set up to encourage agri startups in rural areas: FM Sitharaman

 

To enhance yield of extra long staple cotton, government will adopt a cluster-based and value chain approach: FM

11:27 AM

FM Sitharaman lists seven priorities of Union Budget 2023-24

FM Sitharaman lists seven priorities of Budget, including infra, green growth, financial sector, youth power

 

Four transformative opportunities can be used be in Amrit Kaal for enhancing economic empowerment: FM Sitharaman