IEP Chandigarh
Today on the occasion of the presentation of Union Budget 2023 byHon’ble Finance Minister Smt. Nirmala Sitharaman, BJP Chandigarhorganized a viewing and discussion on the same at its State Head Office,Kamlam, Sector-33, Chandigarh. The same was attended by prominent Chartered Accountants, Lawyers, Financial Experts, Traders, Industrialistsand various other intellectuals from varied walks of life.The gathering was unanimous in its appreciation of the Budgetpresented on account of it being highly progressive as well as all inclusive.Building upon the previous Budgets of the Modi Government which havepropelled India to being the 5 th largest economy from earlier 10 th positionand growing at the pace of 7%, among the highest in the world, this Budgettoo is highly growth oriented on the Macro-Economic front. A huge 33%increase in Capital Investment has been made to Rs. 10 Lakh Crores,which will have a cascading beneficial impact on all the segments of theeconomy.Special attention has been paid to empowerment of women, youth,SC/ST/OBC/Underprivileged sectors by creating support infrastructure tofacilitate their income through heightened entrepreneurship moving towards“Aatam Nirbharta”.The budget seeks to expand access to credit facilities for theagricultural sector and increase the Capital outlay at both the Central andState levels. In addition, the government has allocated funds for health andeducation sectors.With regards to personal taxation, the Finance Minister proposed theNew Tax Regime as the default system, with no tax applicable for incomeup to Rs. 7 lakhs. The basic tax slabs have also been revised, providingrelief to taxpayers.For non-government salaried employees, the exemption limit onleave encashment has been increased to Rs. 25 lakhs from Rs. 3 lakhs.This huge jump will benefit a very large number of retiring employees.In the spirit of “Minimum Government Maximum Governance”, easethrough digitization for doing business as well as for the common man hasbeen ensured. The provision of ‘Unified Filing Process’ will obviate theneed for separate submission of same information to different government agencies. The concern for the financial betterment of senior citizens andwomen was particularly appreciated by the group.Prominent among those attending at BJP Chandigarh Head Office,were Sh. Chander Shekhar, Dr. Dharinder Tayal, CA Vishal Puri, CATarsem Garg, CA Parmod Bindal, CA Shiv Gupta, CA Ravinder Garg, CAVineet Aggarwal, CA Alok Krishan, CA HS Khurana, CA Naveen Soni, CAAnil Kalia, CA Amit Sondhi, Advocate Hitesh Puri, Advocate Ruchi Sekhri,Sh. Gajendar Sharma, Dr. Ruchit Uppal, Sh. Kailash Jain.BJP Chandigarh also organized viewing and discussion of Budget2023 at District Level across the city under the District Presidents whichwere attended by hundreds of professionals and citizens.
