Budget Economic Survey 2023 Updates: Finance Minister Nirmala Sitharaman represents the country’s annual pre-budget economic survey at Parliament. According to the Economic Survey 2022-23, the following fiscal year will see real GDP growth of 6.5 percent.
Get here Economic Survey 2023 summary presented by FM Nirmala Sitharaman
Budget Economic Survey 2023: Finance Minister Nirmala Sitharaman represents the country’s annual pre-budget economic survey at Parliament on January 31, 2023. According to the Economic Survey 2022-23, the following fiscal year will see real GDP growth of 6.5 percent.
The Indian Economy would also increase by 7% for 2023-24. This growth also depicts that India has become the world's fifth-largest economy.
The documents of Economic Survey 2023 are presented by CEA V Anantha Nageswaran, they can be downloaded from the government’s official website https://www.indiabudget.gov.in/.
Click on the below available links to download the pdf of Economic Survey 2023.
|Economic Survey 2022-23 Official Documents||Download PDF|
|State of the Economy 2022-23: Recovery Complete||Click Here|
|India’s Medium-term Growth Outlook: With Optimism and Hope||Click Here|
|Fiscal Developments: Revenue Relish||Click Here|
|Monetary Management and Financial Intermediation: A Good Year||Click Here|
|Prices and Inflation: Successful Tight-Rope Walking||Click Here|
|Social Infrastructure and Employment: Big Tent||Click Here|
|Climate Change and Environment: Preparing to Face the Future||Click Here|
|Agriculture & Food Management: From Food Security to Nutritional Security||Click Here|
|Industry: Steady Recovery||Click Here|
|Services: Source of Strength||Click Here|
|External Sector: Watchful and Hopeful||Click Here|
|Physical and Digital Infrastructure: Lifting Potential Growth||Click Here|
President Draupadi Murmu addressed the Budget session and highlighted some of the points, such as:
The economic survey is an annual report of the Ministry of Finance, Government of India. Every year the Department of Economic Affairs, Ministry of Finance introduces the survey in the parliament prior to the Union Budget.
The Budget is prepared under the guidance of the Chief Economic Adviser of India. The economic survey is presented to both the Parliament House during the Budget session.
The economic survey contains the Ministry’s view on the economical state of the country. It represents the development in the Indian economy over the past financial years and exhibits the country’s performance on essential development programs, highlighting the policy initiatives of the government and the economic prospects in the short to medium term.
The Economic Survey represents the country’s economic trends and ensures a better appreciation of the resource mobilization and their allocation in the Union Budget. It analyzes the agricultural, industrial, employment, import, and export trends in the country.
The survey also directs the Gross Domestic Product for the coming financial year and comprises insights into India’s economic growth.
The survey is prepared by the Economics Division of the Department of Economic Affairs under the guidance of the Chief Economic Advisor (CEA). The current CEA of India is Dr. V Anantha Nageswaran.
The first Economic Survey of India was prepared by the Finance Ministry in 1950-51. At that time, the survey was represented along with the Union Budget. However, later it was de-linked from the budget in 1964 and unveiled priorly to provide a context of the latter.
Every year the theme of the Economic Survey is different. The theme for the Economic Survey 2023 is likely to take note of inflation levels, likely pressure on the Indian Rupee due to RBI’s tightening of monetary policy, employment conditions, pick-up in private investment, infrastructure spending, and improvement in the financial growth of the Indian banking sector.
The economic survey is an annual report of the Ministry of Finance, Government of India. It represents the country’s economic trends and ensures a better appreciation of the resource mobilization and their allocation in the Union Budget.
The Economic Survey 2023 PDF of India will be available for memorizing on the official website https://www.indiabudget.gov.in/.
Union Budget 2023 Highlights: Finance Minister Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament on February 1, 2023. Here are the key highlights from Sitharaman’s Budget speech, summary, explanations, and complete analysis.
Budget 2023 Highlights: Finance Minister Nirmala Sitharaman presented the Union Budget 2023, the fifth budget on February 01 (Wednesday). The Finance Minister said that the Union Budget 2023-24 aimed at the overall development of the Indian Economy with respect to the global perspective. She also said that the Budget proposals for the 2023-24 financial year rest on envisioning a prosperous and inclusive India, in which the fruits of development reach all regions and citizens, especially our youth, women, farmers, OBCs, Scheduled Castes and Scheduled Tribes.
Finance Minister Nirmala Sitharaman said “This Budget hopes to build on the foundation laid in the previous Budget, and the blueprint drawn for India@100. We envision a prosperous and inclusive India, in which the fruits of development reach all regions and citizens, especially our youth, women, farmers, OBCs, Scheduled Castes, and Scheduled Tribes.”
While presenting the Budget 2023-24, the Finance Minister also said “ In these nine years, the Indian economy has increased in size from being 10th to 5th largest in the world. We have significantly improved our position as a well-governed and innovative country with a conducive environment for business as reflected in several global indices. We have made significant progress in many Sustainable Development Goals.”
The economic agenda for achieving this vision focuses on three things: first, facilitating ample opportunities for citizens, especially the youth, to fulfill their aspirations; second, providing a strong impetus to growth and job creation; and third, strengthening macroeconomic stability.
The Budget 2023-24 adopts the following seven priorities. They complement each other and act as the ‘Saptarishi’ guiding us through the Amrit Kaal.
In the Union Budget 2023-24 there were remarkable changes to the new personal income tax structure in a year. Currently, those with income up to Rs. 5 lakhs do not pay any income tax in both old and new tax regimes. The rebate limit has been increased to Rs. 7 lakhs in the new tax regime. Thus, persons in the new tax regime, with income up to 7 lakhs will not have to pay any tax.
The second proposal relates to middle-class individuals and was introduced, in the year 2020. According to the new personal income tax regime with six income slabs starting from Rs.2.5 lakhs. The change in the tax structure in this regime by reducing the number of slabs to five and increasing the tax exemption limit to Rs. 3 lakhs. The new tax rates are.
New Tax Slab
Above 15 lakh
Let’s take a look at the Union Budget 2023-24 highlights and how it affects various sectors. Here are the key changes announced by FM Sitharaman and download Budget 2023 highlights PDF here.
Budget 2023 at a Glance (Full)
Budget 2023 at a Glance
Budget 2023 Deficit Statistics
Transfer of Resources to States and Union Territories with Legislature
Budget 2023 Profile
Budget 2023 Receipts
Budget 2023 Expenditure
Budget 2023 Major Schemes
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The highlights of the Budget for the last five years has been provided below. You can download the Budget copies from the provided link for your future reference.
Also Read - Budget Meaning in Hindi
Road Transport Budget:
Skill Development Budget:
Urban Planning Budget:
Fiscal Management Budget:
The key highlights of the Budget 2023-24 Direct Taxes (Part B) are as follows:
The key highlights of the Budget 2023-24 Indirect Taxes are as follows:
Agriculture Budget 2023 Highlights: PDF download with Key Summary & Takeaways
Railways Budget 2023 Highlights: PDF download with Key Summary & Takeaways
The National Testing Agency (NTA) will release the admit card for the Joint Entrance Examination (Main) 2023 January Session exam anytime soon. The session 1 hall ticket for JEE Main 2023 will be available to download on the official website jeemain.nta.nic.in. Once released, candidates can download the admit card using their application ID, date of birth, and security pin.
The National Testing Agency (NTA) will release the admit card in an online format. NTA has not disclosed the exact date and time for releasing JEE Admit Card and Examination City Slip 2023. JEE Main 2023 entrance exam for the January session will be held on 24, 25, 27, 28, 29, 30 and 31 January, 2023. Engineering aspirants wondering how to download online from the official website can check the steps below.
JEE Main 2023 Admit Card Details
As per reports, the JEE Main 2023 session 1 will be held from 24th - 31st January 2023. The Admit Cards can be downloaded from the official website probably in the third week of January 2023.
Date of Release
JEE Main session 1 admit card release date
Third week of January 2023
JEE Main session 2 admit card release date
Last week of March 2023
Steps to download JEE Main 2023 Admit Card?
Students who have to appear for JEE Main 2023 Exams this year can visit the official website to download the detailed time table. In case you have any doubts or confusion on how to download the JEE Main 2023 Admit Card, then please go through the steps below.
Visit the official website:
Click on the link that reads, ‘JEE Main 2023 Admit Card’ on the home page
Enter the required credentials i.e (application number and date of birth)
JEE Main Admit Card will be displayed on the screen
Download the admit card PDF for JEE Main 2023 January Session and take a printout
Details Mentioned in JEE Main Admit Card 2023
After JEE Main 2023 admit card PF download, it is necessary for students to check if all the details given on the admit card are mentioned correctly. The details mentioned on the Admit Card include:
Date of Birth
Things to Remember for JEE Main 2023 Admit Card
It should be noted that JEE Main admit card for 2023 will be released separately for each session
No hard copy or duplicate JEE Main admit card 2023 will be issued or sent by post to the applicants
Candidates who had mistakes or incorrect information in the application form will not be issued the admit card
Always carry the hall ticket/admit card to the exam center as the entry will not be permitted without the admit card.
Exam Pattern of JEE Main 2023
According to the JEE Main 2023 exam pattern, the exam will be conducted in online mode (Computer-Based-Test (CBT).
JEE Main exam Pattern
Paper 1- B.E/B.Tech
Paper 2- B.Arch
Paper 3- B.Plan
Exam Duration- 3 Hours
Types of Question- Objective (MCQs) and Numerical Value Type
Marks for Correct Answer: (+4 Marks)
Marks for Negative Answer: (-1 Marks)
Marks for Unattempted Questions- 0
What are the Documents Required in the Examination Centre?
Along with the printed copy of JEE Main Admit Card 2023, the candidates are advised to carry various other documents to the examination center. The other documents that the applicants are required to carry to the Examination Centre are:
A passport-size photograph for pasting on the attendance sheet during the examination is required
A valid identity proof, such as the Driving License/PAN Card/Voter ID/Aadhaar Card/Passport/Aadhaar Enrolment No for identification
If the Candidate is claiming for PwD Reservation, then PwD Certificate is mandatory
JEE Main Self Declaration Form
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Union Bank of India Recruitment 2023: Union Bank of India has released a recruitment notification, inviting candidates to apply for the posts of Manager (Credit Officer), and others in Specialized Segment for reserved categories under backlog vacancies. Interested candidates can apply for the posts by visiting the official website of the Bank at unionbankofindia.co.in. A total of 42 vacant posts will be filled through this recruitment drive. The last date for submission of the application form is February 12. One can check the important dates, vacancies, official website, application link, and other details here.
The selection process may comprise of Online Examination / Group Discussion (if conducted) and/or Personal Interview depending on the numbers of applicants/eligible candidates. The Bank reserves the absolute right to decide as to whether to use all or any of these modes for selection for the notified posts.
Candidates are first required to go to the Bank’s website www.unionbankofindia.co.in and click on the ‘Recruitments’ Page to open the Career Overview Page, ‘Click to View the Current Recruitment’ to open the link “Specialist Officers Recruitment Drive for Reserved Categories under backlog vacancies” and then click on the option “CLICK HERE TO APPLY ONLINE” to open the On-Line Application Form.