First India Mumbai 02022023.pdf

CM SHINDE CONGRATULATES PM,
SITHARAMAN ON BUDGET 2023-24
First India Bureau
Mumbai: Chief Minis-
ter Eknath Shinde wel-
comed the Union Budg-
et 2023-24 presented by
Union Finance Minis-
ter Nirmala Sithara-
man on Wednesday
, con-
gratulated Prime Min-
ister Narendra Modi
and Sitharaman on it.
Speaking to the me-
dia here, Shinde said,
“The overall develop-
ment of the country
and the state will be
boosted by this Budget.
I heartily congratulate
PM Modi and Finance
Minister Nirmala Si-
tharaman for this.”
Calling it a compre-
hensive Budget, CM
Shinde said it “gives
justice to all sections
of the society such as
farmers, workers,
women and youth” and
added that it has provi-
sions for the under-
privileged, the middle
class, and boosts in-
dustries and infra-
structure.
After opposition
parties criticized the
Budget on several
fronts, Shinde came to
its defence: “This is
the annual Budget and
the opposition parties
should welcome it. A
huge amount of the to-
tal budget has been al-
located to the Rail-
ways. Since 2013, the
budget for railways
has increased by nine
times till date.”
Farmers have been
considered as the focal
point and several pro-
visions have been
made for them. There
is no factor that will be
deprived in this Budg-
et, he added.
Urges Maharashtra
Opposition parties to
welcome provisions
made for farmers and
the underprivileged
Eknath Shinde —FILE PHOTO
BUDGET CONSIDERS WOMEN, YOUTH,
TRIBAL COMMUNITIES, FARMERS: DY CM
Mumbai (PTI): Deputy Chief Minister Devendra Fadnavis
on Wednesday said the Union Budget has taken the
interests of all sections of society, including farmers,
tribal communities, women, youth and the middle class
into consideration. Talking to reporters here, Fadnavis,
who is also the state Finance Minister, termed the budget
presented by Union Finance Minister Nirmala Sitharaman
as “Sarva Jan Hitai” (benefitting everyone), adding it
caters to all segments and sectors. The budget will help
the middle and lower middle class to fulfil their aspira-
tions, he said. Terming the allocation of Rs10 lakh crore
in infrastructure as unprecedented, he said it will help
boost infrastructure growth.
INCLUSIVE
DEVELOPMENT
INFRASTRUCTURE
GROWTH
GREEN GROWTH
GOVERNANCE
FOCUS
YOUTH POWER
FINANCIAL
EMPOWERMENT
AGRICULTURE
DIGITAL INFRA
MUMBAI l THURSDAY, FEBRUARY 2, 2023 l Pages 12 l 3.00 RNI TITLE NO. MAHENG/2022/14652 l Vol 1 l Issue No. 266
UNION
BUDGET
2023-24
Last full Union Budget
before 2024 Lok Sabha
elections ticks all boxes ‘ALL INCLUSIVE’
BUDGET!
Rahul Gandhi
@RahulGandhi
‘Mitr Kaal’ Budget has:
NO vision to create
Jobs, NO plan to tackle
Mehngai, NO intent to
stem Inequality, 1%
richest own 40% wealth,
50% poorest pay 64%
of GST, 42% youth
are unemployed- yet,
PM doesn’t Care! This
Budget proves Govt has
NO roadmap to build
India’s future.
Narendra Modi
@narendramodi
This Union Budget 2023
will fulfil the dreams
of an aspirational
society including poor
people, middle-class
people, and farmers.
I congratulate Union
Finance Minister
Nirmala Sitharaman and
his team for this historic
budget. The first budget
of “Amrit Kaal” will build
a strong foundation for
building a developed
India. It gives priority to
the deprived.
Amit Shah
@AmitShah
The budget-2023
brought by the Modi
government is a budget
that lays a strong
foundation of Amritkal.
I am sure that this all-
inclusive and visionary
budget will give further
impetus to the resolve
of the Modi government
for a self-reliant India,
taking every section
along. Congratulations
to @narendramodi and
@nsitharaman for this.
#AmritKaalBudget
Top
TWEETS
Moni Sharma
he “first Budget of Amrit
Kaal”, as Finance Minister
Nirmala Sitharaman called
her fifth budget in a row on
Wednesday. This was the Nar-
endra Modi government’s last
full budget before the 2024 Lok Sabha elec-
tion and came ahead of polls in nine states
this year. Keeping that in mind, it ticked
off as many boxes as it could without de-
railing government finances and had
something for everybody -- from industry
to the middle classes, farmers and various
social groups that the BJP would like to
keep on its side as the countdown for the
general election begins.
Finance Minister
Nirmala Sitharaman
said during her budget
speech that the focus
remains on widening
the scope of economic
growth, boosting key
areas like infrastruc-
ture and manufacturing
and creating jobs.
1ST BUDGET OF ‘AMRIT KAAL’: NATION FIRST, CITIZEN FIRST
T
First budget of Amrit Kaal....the world has recognised
India as a bright star. Economic growth for the
current year (2022-23) is estimated at 7 per cent... is
the highest among all major economies.
—Nirmala Sitharaman, Union Finance Minister
SITHA’S
‘SEVEN SAGES’
MAJOR TAKEWAYS
The govt has simplified
the slabs in the new tax
regime. There will be
no tax on income on up to `7
lakh a year -- up from `5 lakh.
For the railways, the
minister announced an
outlay of `2.4 lakh
crore — the highest in almost a
decade and four times the last
year’s budget.
The PAN will be used as
a common identifier for
all digital systems of
specified govt agencies.
The KYC process will be
simplified and a
one-stop update of iden-
tity will be established through
Digilocker service and Aadhaar.
The government will
spend a record `10
lakh crore on longer
term capital expenditure.
In another populist
measure, the agricul-
tural credit target has
now been increased to
`20 lakh crore.
Allocation for Prime
Minister Awas Yojna
increased by 66 per
cent to over `79,000 crore.
The government has
promised 50 new
airports and helipads.
To settle commercial
disputes, the govern-
ment will bring another
dispute resolution scheme.
The government is
targeting 5 MT of Green
Hydrogen production
by the year 2030. Budget
provides for Rs 35,000 crore for
priority capital investment
towards energy transition and
net zero objectives.
The fiscal deficit target
of 6.4 per cent will be
retained in the revised
estimate for the current fiscal.
For next fiscal 2023-2024, it will
be cut down to 5.9% of the GDP.
Union Finance Minister Nirmala Sitharaman presents the
Union Budget 2023-24 to the President, Droupadi Murmu, at
the Rashtrapati Bhavan, in New Delhi on Wednesday.
6th FinMin to present Budget 5 times in a
row; Sitha’s shortest speech at 87 mins
FinMin Nirmala Sitharaman is 6th minister in independent In-
dia to present 5 consecutive budget, joining a select league of
legends likes of Manmohan Singh, Arun Jaitley and P Chidam-
baram. She wrapped her 2023 speech in under 90 minutes.
ADANI ENTERPRISES CALLS
OFF `20,000 CRORE FPO
A SPOILSPORT AFTER BUDGET...
The interest of the investors is paramount and hence to insulate them from any
potential financial losses, Board has decided not to go ahead with FPO: Adani
First India Bureau
Mumbai: On Wednes-
day, tremendous, ambi-
tious and popular budg-
et was presented by Un-
ionFinanceMinister,on
the same day there was
ahugechaosinthestock
market.BillionaireGau-
tam Adani-led group’s
firm Adani Enterprises
decided to scrap its fol-
low-on public offer
(FPO), a day after it was
fully subscribed.
`20,000 crore FPO was
fully subscribed a day
agoasinvestorspumped
funds into the flagship
firm. Adani Group said
that it has decided not to
proceed with FPO in the
interest of its subscrib-
ers. “Given the unprec-
edented situation and
the current market vola-
tility the company aims
to protect the interest of
itsinvestingcommunity
by returning the FPO
proceeds and withdraws
the completed transac-
tion,”AdaniGroupsaid.
Stating that his group
balance sheet is very
healthy with strong
cash flows and secure
assets, Adani said that
decision will not have
any impact on their ex-
isting operations and
future plans.
Thanking the investors for their sup-
port and commitment to the FPO,
given the unprecedented market
movement, the board of directors of company
felt that going ahead with FPO will not be “mor-
ally correct”. —Gautam Adani, Chairman Adani Group
ADANI LOSES ASIA’S RICHEST PERSON
TITLE, DROPS TO 15 ON WORLD LIST
Gautam Adani lost his title as Asia’s richest person on
Wednesday. Stock losses saw Adani slip to 15th on the
Forbes rich list with an estimated net worth of $76.8 billion.
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OUR EDITIONS: JAIPUR MUMBAI
Illustration by: Uttkarsha Shekhar

Prime Minister Narendra Modi, Union Ministers Amit Shah, Minister Rajnath Singh, Nitin Gadkari, Narendra Singh Tomar and others lend ears to Union
Finance Minister Nirmala Sitharaman as she presents the Union Budget 2023-24 on 2nd day of Budget Session of Parliament, in New Delhi on Wednesday.
‘PLEASE ALL’ BUDGET! TAX
ALL NEW INCOME TAX SLABS
REBATE LIMIT INCREASED FROM
`5 LAKH TO `7 LAKH A YEAR
`0 to `3 lakh 0%
`3 lakh to `6 lakh 5%
Above `15 lakh 30%
FINANCIAL
EMP’MENT
MSMEs
Collateral
OTHERS
l `9,000 crore
l `2 lakh crore
l Banking Laws to
be amended
l KYC process
simplified
l Support for digital
public infrastructure
will continue
l Std deduction to
`52,500 for income
slabs to `15.5 lakh
to more
l Over 100 Joint
Commisioners to
dispose small Tax
disputes
l New TAX regime
to be implemented
l One stop solution
for reconciliation
and updation of
identity and address
of individuals to be
established using
DigiLocker service
and Aadhaar as
foundational identity
l Phase-3 of E-Courts
project to be launched
with an outlay of
w7,000 crore for
efficient administration
of justice
l Setting up a single
window IT system
for registration and
approval from IFSCA,
SEZ authorities, GSTN,
RBI, SEBI and IRDAI
l 1% Reducing
credit guarantee
NATIONAL FINANCIAL
REGISTRY FOR
FINANCIAL STRATEGY
INDIA FY24
FISCAL DEFICIT
SEEN AT 5.9%
Fiscal Consolidation
underway
Note: India’s
financial year runs
from April to March.
FY2024 is a target
FY2024
5.9%
FY2023
6.4%
FY2022
6.4%
FY2021
6.7%
SURCHARGE
DOWN
25%
37%
OTHER
PROJECTS
UNION BUDGET 2023-24
On Wednesday, Union Finance Minister Nirmala Sitharaman made as many as five personal income tax-related announcements, in
what was her fifth consecutive budget speech. No announcement on income tax was made in last year’s budget. This was the last
full budget of the Narendra Modi government before next year’s parliamentary elections, slated for April-May 2024
INCOME TAX
02
MUMBAI | THURSDAY, FEBRUARY 2, 2023
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Infusing new energy to India’s growth!
The Union Budget for
the Financial Year 2023-
24 envisages a total
outlay of Rs. 45,03,097
Crore. Of this, Ministry
of Defence has been al-
located a total Budget of
Rs 5,93,537.64 Crore,
which is 13.18 % of the
total GoI Budget. The
best budget for India’s
growth in ‘Amrit Kaal’.
Rajnath Singh,
Union Defence Minister
The first budget of
‘Amrit Kaal’ reflects the
vision of Prime Minister
Narendra Modi and his
visionary leadership. It
is a budget to empower
poor farmers, trib-
als, Dalits, backward,
deprived, economically
backward and middle
class... Emphasis is on
middle class earnings
and the well-being of
the elderly.
Jagat Prakash Nadda,
BJP National President
Key announcements
such as setting up
the National Financial
Information Registry,
establishing a Central
Data Processing Centre,
targeting fiscal deficit
to be below 4.5% by
2025-26, etc. are all
indicative of the Govt’s
commitment towards
taking the country to
newer heights.
Manish Gupta,
ICSI President
Personal tax rebate hiked, slabs cut
inance Minister Nir-
mala Sitharaman
has increased the re-
bate limit for indi-
vidual taxpayers
from `5 lakh to `7 lakh a year.
“..Currently, those with in-
come up to `5 lakh do not pay
any income tax in both old
and new tax regimes. I pro-
pose to increase the rebate
limit to `7 lakh in the new tax
regime. Thus, persons in the
new tax regime, with income
up to `7 lakh will not have to
pay any tax,” Ms Sitharaman
said while presenting Budget
2023 in parliament today
.
She also announced new
tax slabs and scrapped the
old twin-structure system
that was unboxed in 2020,
which taxed citizens under
25 per cent without exemp-
tions and 30 per cent with
exemptions allowed.
New Tax Regime to be
Default Regime: The new
tax regime will now be the
default tax regime, but citi-
zens can still avail of benefits
under the old tax regime on
an opt-out basis.
Rebate Increased: The
finance minister has pro-
posed in the Budget to in-
crease the tax rebate. There-
fore, the income rebate limit
has now been increased to `7
lakh from `5 lakh in the new
tax regime.
Faster Processing of
Tax Returns: The average
processing time for income
tax returns has been re-
duced from 93 days to 16
days.
Common IT Return
Forms: The government
seeks to roll out next-gen
common Income Tax Return
forms and strengthen griev-
ance redressal mechanisms
for taxpayers to help them
resolve issues of income tax
payments.
In a relief to taxpayers, the FM proposed to change tax structure in new personal income tax regime
TAXATION
F
Chief Economic Adviser Venkatramanan Anantha Nageswaran interacts with Finance Secretary TV Somanathan and
share a lighter moment after FinMin’s Budget Speech of 2023 at the Parliament House in New Delhi on Wednesday.
SIMPLIFIED INCOME TAX
REGIME FOR PEOPLE
z The collection through per-
sonal income tax is estimated
at ₹`8.15 lakh crore for fiscal
year 2022-23 and are projected
to rise by 10.4% next year and
reach `9 lakh crore
z The fiscal deficit target of
6.4% will be retained in the
revised estimate for the cur-
rent fiscal. For the next fiscal
2023-2024, it will be cut down
to 5.9% of the GDP
z A system of ‘Unified Filing
Process’ will be set-up to
streamline the current process
of duplication for multiple de-
partments for ease of business
First India Bureau
New Delhi: Prime Minister
Narendra Modi on Wednes-
day hailed the “first budget
of Amrit Kaal” and said that
it would lay a strong founda-
tion for building a developed
India.
The Prime Minister said
that the budget gives priority
to the deprived and will ful-
fill the dreams of the aspira-
tional society, the farmers
and middle class. “The first
budget of Amrit Kaal will
build a strong foundation for
building a developed India. It
gives priority to the de-
prived. This budget will fulfil
the dreams of an aspiration-
al society including poor
people, middle-class people,
and farmers. I congratulate
Nirmala Sitharaman and his
team for this historic budg-
et,” PM Narendra Modi said
in a televised address.
Strong foundation for building
developed India, says PM Modi
VISHVAKARMA KAUSHAL
SAMMAN
Noting that PM Vishvakarma
Kaushal Samman will bring
a huge change in the lives of
‘Vishvakarmas’, the Prime
Minister said that for the first
time schemes relating to their
support has been incorporated
into the budget.
Prime Minister Narendra Modi
during his address, after tabling of
the Union Budget 2023-24, via video
conferencing on Wednesday.
STEPS TAKEN FOR WOMEN
IN RURAL, URBAN EASY: PM
The govt has taken several
steps to make the lives of
women, in rural and urban
areas, easy. Women’s self-help
groups will further enhance
them. Special savings scheme
will be started empowering
women in households, said
PM Modi. “This year’s Budget
infuses new energy to India’s
devp trajectory”, he added.
INDIRECT TAXES DIRECT TAXES
l Tax exemption on
Capital Goods and lithium
Batteries for Electric vehicles
l GST EXEMPTION ON
BLENDED CNG
l Custom Duty reduced
from 21% to 13%
l MOBILES CAMERAS
LENSES TO GET CHEAPER
l Gold Silver Diamonds
to get expensive
l CLOTHES TO BECOME
MORE EXPENSIVE
l Customs duty on parts of
open cells of TV panels cut
l MSME with turnover upto
2cr and 50 lakhs can avail
presumptive taxation
l TAX RELIEF TO 3.7 LAKHS
FOR CUSTOMERS WHOSE
CASH RECEIPTS IS 5%
l New IT return form for
easing Filing returns
l HIGHER TDS LIMIT OF
3CR FOR COOPERATIVES
l Lower Taxes on Higher
Digital Payments
l 100 JOINT COMMISIONER TO
DISPOSE SMALL TAX DISPUTES
l TDS cut on EPF withdrawal

150%
HIKE
in outlay of
Swachh Bharat
Mission-Urban
l In a major boost
to the Swachh Bharat
Mission (Urban), the
Centre on Wednesday
announced a 150-per
cent hike in the outlay
of its flagship scheme
with an allocation of
`5,000 crore in the
Union Budget 2023-24.
l However, there has
been a nine-per cent
decrease, with an al-
location of `2,132 crore,
for the construction of
non-residential office
buildings, including the
Central Vista project,
Parliament and Supreme
Court, as compared to
the revised estimates of
`2,344.08 crore in the
last fiscal.
50%
RISE
in National
Ayush Mission
Focus on integrating
Ayush system in
National Health eco-
system had got a boost
in the Budget 2023-24
presented by Finance
Minister Nirmala Sithar-
aman. The total alloca-
tion of budget to Ayush
Ministry has increased
by 20 percent to `3,647
crores. The budget has
also emphasized on
promoting evidence-
based research in Ayush
systems through Ayush
research councils.
Budget allocation to
centrally sponsored
National Ayush Mission
(NAM) has got 50
percent increase in allo-
cation from `800 cores
to `1,200 crores.
Union Budget
brings cheers to
the automobile
industry as it will
positively give
push to sales
The budget
has laid special
emphasis on the
Vehicle Scrappage
Policy which will
not only boost the
sales but will also
enable in achieving
clean and green
environment for
overall sustainable
development.
Venkatram
Mamillapalle,
Renault India
CEO MD
`700 CRORE PLUS BOOST
FOR SPORTS MINISTRY
n a year when the In-
dian athletes will
compete at the Asian
Games and prepare
for 2024 Paris Olym-
pics, the Sports Ministry has
got a fillip with the govern-
ment allocating Rs 3,397.32
crore, an increase of Rs
723.97 crore, in the Union
Budget here on Wednesday
.
One of the reasons for the
reduced revised allocation
for 2022-23 could be the post-
ponement of the Hangzhou
Asian Games, which will be
held this year.
Theministry’sflagshippro-
gramme, ‘Khelo India — Na-
tional Programme for Devel-
opment of Sports’ continues
to be the govt’s priority, with
it being allotted Rs 1,045 crore
as against the revised alloca-
tionof Rs606croreduringthe
previous financial year.
SPORTS
I
The Union Budget 2023 has allocated a whopping `88,956 crore to health expenditure, a `2,350 crore hike of 2.71% from `86,606 crore
in FY23. Dwelling on the subject of Pharma Innovation, Government will encourage industry to invest in RD through centers of excellence.
National Digital Library for Children and Adolescents will be set-up for facilitating availability of quality books across the nation
HEALTHEDU
03
Office of
Mr. Anurag Thakur
@Anurag_Office
157 new nursing col-
leges will be set up in
Sahasthan along with
the existing 157 medical
colleges established
since 2014. A mis-
sion will be launched
to eliminate sickle cell
anemia by 2047 through
awareness generation
and universal screen-
ing of 7 crore people in
affected tribal areas.
Smriti Z Irani
@smritiirani
Congratulations to PM
@narendramodi Ji
FM @nsitharaman Ji
for a truly #AmritKaal-
Budget epitomising
inclusive development
reinforcing economic
fundamentals. Empha-
sis given to infra, tech,
green energy other
areas will institutionalise
India’s growth for a
stronger tomorrow.
Dharmendra Pradhan
@dpradhanbjp
#AmritKaalBudget paves
the way to transform
India into a knowledge-
based economy.
Highest-ever allocation
of `1,12,899.47 crore
for the education sec-
tor. Total allocation of
`1,16,417.08 crore for
the education and skill
development sector in
#AmritKaalBudget.
hebudgetallocatedto
theWomenandChild
Development Minis-
try
, the nodal depart-
ment of the govern-
mentforthewelfareof women
and children, stood at Rs
25,448.75 crore in 2023-24, an
increase of Rs 267 crore from
Rs 25,172.28 crore allotted in
2022-23. The most significant
announcement for women in
Finance Minister Nirmala Si-
tharaman’s Budget speech
was the proposal for the ‘Ma-
hila Samman Saving Certifi-
cate’ with a fixed interest rate
of 7.5 per cent for two years.
The deposit can be made
in the name of a woman or a
girl child. The maximum de-
posit amount has been kept
at `2 lakh and the scheme
will have a partial withdraw-
al facility as well.
For the ministry, the larg-
est allocation has been for the
Saksham Anganwadi and
POSHAN 2.0 (Umbrella ICDS
- Anganwadi Services,
Poshan Abhiyan, Scheme for
AdolescentGirls)of `20,554.31
crore. Mission VATSALYA
(Child Protection Services
and Child Welfare Services)
has been allotted `1,472 crore
and allocation for Mission
Shakti (Mission for Protec-
tion and Empowerment for
Women) is `3,143 crore in
2023-24, a dip from `3,184
crore in 2022-23.
Marginal rise for WCD Ministry,
new savings scheme for women
WOMEN FINANCIAL EMPOWERMENT
AUTONOMOUS BODIES
GETS RAISE IN BUDGET
The budget allocation for autono-
mous bodies is Rs 168 crore, a
marginal increase from Rs 162
crore in the earlier budget. These
autonomous bodies include -
Central Adoption Resource Agency
(CARA), National Commission
for Protection of Child Rights
(NCPCR) and National Commission
for Women.
AboosterdoseforYouth,WomenSports
People watch a live telecast of Union Budget 2023-24 presentation at an electronic showroom, in Kolkata on Wednesday. —PHOTO BY ANI
To give impetus to the youth
and help the ‘Amrit Peedhi’
realise their dreams, Finance
Minister Nirmala Sitharaman
on Wednesday said that the
government has formulated
the National Education
Policy, focused on skilling,
adopted economic policies
that facilitate job creation at
scale and support business
opportunities.
z Setting Up Of Unity
Malls In State Capitals ,
For promotion and sale of
ODOPs (One District,
One Product), GI and
handicraft products
z Pradhan Mantri Kaushal
Vikas Yojana 4.0 will be
launched to skill lakhs of
youth within the next 3 years
z The scheme will also
cover new age courses for
Industry 4.0 like coding, AI,
robotics, IOT, 3D printing,
drones, and soft skills
30 SKILL
India International Centres
will be set up across different
states to skill youth for
international opportunities
47 LAKH
youth to get stipend support
in three years through direct
benefit transfer under the
National Apprenticeship
Promotion Scheme
KEEPING A KEEN EYE
T
SKILL DEVP FOR ‘AMRIT PEEDHI’
uring the delivery of
the Union Budget
2023 speech, Finance
Minister Nirmala Si-
tharaman stated that
the govt will establish 157
new nursing colleges, while
talking about budget alloca-
tion in the sector of health
and education. “157 new
nursing colleges will be es-
tablished in co-locations with
the existing 157 medical col-
leges established since 2014,”
she added.
The Finance Minister also
said, “Facilities in select In-
dian Council of Medical Re-
search (ICMR) labs will be
made available for research
by public and private medical
colleges.” She has also made
the announcement of a new
research scheme for research
in the Pharma sector.
FM has given a massive
push to millets, the coarse
grain already being recom-
mended by doctors as having
the capability of reducing the
burden of diabetes in a coun-
try
. This is the first time that
nutrition gets a big push with
a special programme called
the PM Programme for Resto-
ration Awareness Nourish-
ment and Amelioration of
Mother Earth (PM-Pranam).
The govt also announced
an Aspirational Blocks Pro-
gramme, covering 500 blocks
for saturation of essential
govt services across multiple
domains such as health, nu-
trition, education, agricul-
ture, water resources, and
skill development.
However, the budget for the
National Health Mission has
been cut down to Rs 36,785
crore this year from Rs 37,165
crore in 2022-’23.
157 nursing colleges to be set up
The Centre will recruit 38,800 teachers and support staff for 740 EkLavya Schools serving 3.5L tribal students
HEALTH EDUCATION
D
EDUCATION MINISTRY
GETS `1.12 LAKH
CRORE, HIGHEST EVER
ALLOCATION
As per budget documents, cetre’s allocation for the Ministry of Educa-
tion for the next financial year is `1,12,898.97 crore. Notably, this is
the highest allocation granted to the ministry ever. School Education De-
partment’s outlay stands at `68,804.85 crore, while the Higher Education
Department has been allocated `44,094.62 crore.
WHAT HAS BEEN
ANNOUNCED FOR
HEALTH, EDUCATION
z The ICMR Labs will be made
available for research by public
and pvt medical college faculty
z Centre will appoint over 38,000
teachers for 700 plus Ekalavya
model residential schools serving
3.5 lakh tribal students
z Teachers’ training to be
reenvisioned via innovation
z District Institutes of Education
and Training to be developed as
vibrant institutes of excellence
z National digital library to be
set up for children
z The government is aiming to
test seven crore people for sickle
cell disease in tribal belts, and
those who test positive will be
given a colour-coded card
z All cities and towns will be
enabled for 100% mechanical
desludging of septic tanks

When the government is
increasing its expenditure,
why is there no growth
in employment? The
government has increased
the funds for PM Awas
Yojana as they are scared
because earlier they had
announced everyone will
have a house in 2022.
—Ashok Chavan,
former Maha CM
Since the salaried class
played an instrumental
role in the defeat of the
BJP in Himachal Pradesh,
they have given relief to
this class and tried to
gain big ahead of the Lok
Sabha polls next year...
Shockingly, the govern-
ment has maintained
silence over the MSP
(minimum support price)
for farmers.
—Imtiaz Jaleel,
AIMIM MP
Agriculture and farmers in
the country are in crisis.
But, there is no word in
the Budget about the Un-
ion government guaran-
teeing prices for farmers’
products by implementing
the Swaminathan Com-
mission.
—Ajit Pawar
LOP, Maha State Assembly
The budget was expected to
take steps to reduce losses
to farmers as cotton and
soybean production fell due
to natural calamities. But
that has not happened. the
number of farmer suicides
has reached 3,25,000 under
the Modi govt. Farmers had
high expectations from the
budget, but they have been
left disappointed.
—Ajit Navale,
National Joint Secy, Akhil
Bharatiya Kisan Sangh
Except for Karnataka,
where the BJP is scared of
not getting enough votes
in the upcoming elections,
no other state has been
mentioned in the Union
Budget. Maharashtra and
Mumbai are asked to bow
down before Delhi and yet
get nothing. This budget
has rubbed salt on Maha-
rashtra’s wounds.
—Aaditya Thackeray,
former min, Maharashtra
n Increase in government capex on infrastructure to Rs 10 lakh
crore, increase of 33% compared to last year
n To allocate Rs 15,000 crore over three years under Schedule
Tribe Mission towards safe housing and infrastructure devel-
opment towards Road
n Urban Infrastructure Development Fund (UIDF) will be estab-
lished through use of priority sector lending shortfall
n States and cities encouraged to undertake urban planning
reforms and actions to transform cities into ‘sustainable cit-
ies of tomorrow’
n Union Agriculture Minister Tomar said
that the total budget of the Ministry
of Agriculture and Farmers Welfare,
including Agricultural Education and
Research, is about Rs 1.25 lakh crore
this time
n Rs 60,000 crore has been made for
the the Pradhan Mantri Kisan Sam-
man Nidhi (PM-Kisan)
n Focusing on Animal Husbandry, Dairy
and Fisheries, the agricultural loan
target has been increased to Rs 20
lakh crore
n A new sub-scheme of Pradhan Mantri
Matsya Sampada Yojana will be
launched with a targeted investment
of Rs 6,000 crore to further enable
activities of fishermen, fish vendors,
and micro and small enterprises,
improve value chain efficiencies, and
expand the market
n Agriculture Accelerator Fund will be
set-up to bring affordable solutions
for challenges faced by farmers
n Government to implement a plan to
set up decentralised storage capacity
so farmers can store produce
n One crore farmers to be supported
to adopt natural farming, for this,
10,000 bio input resource centres
network for distributing micro
fertiliser and pesticide manufacturing
to be set up
n The Ministry of External Affairs
(MEA) has been allocated a total of
Rs 18,050 crore in the Union Budget
for 2023-24 which is an increase of
around 4.64 per cent over last year’s
allocation of Rs 17,250 crore
n India has allocated Rs 990 crore for
the G20 presidency while retain-
ing an outlay of Rs 100 crore for
Iran’s Chabahar port, signalling the
importance of the facility in regional
connectivity efforts
n The GoI has allocated Rs 2,400 crore
for Bhutan, Rs 400 crore to the Mal-
dives, Rs 200 crore for Afghanistan
n A specific allocation of Rs 1,002.78
crore was made for commitments
towards issuing e-passports and
implementing the Passport Sewa
Project V2.0 to usher in technological
upgrades in passport services
HIGHLIGHTS
l Despite the demand under MGNRE-
GA reaching near pre pandemic levels
in the Union Budget 2023 the allocation
has been cut to Rs 60,000 crore, the
lowest in past four years. In 2022-23,
the govt had allocated Rs 73,000 crore
for MGNREGS in the Budget, while the
expenditure as per the revised esti-
mates was Rs 89,400 crore
l The Rural Development Ministry
has been allocated Rs 1,57,545 crore
in the Union Budget for 2023-24,
around 13 per cent less than the
estimated expenditure made by the
ministry in the current fiscal
l To end manual scavenging, Fi-
nance Minister informed that all cities
and towns will be enabled for 100%
mechanical de-sludging of septics
tanks and sewers to transition from
manhole to machine hole mode
l Civil aviation ministry gets Rs
3,113.36 cr allocation in Union Budget
l Rs 19,518 cr allocated to metro
projects across India in Budget
2023-24
l Budget allocation for Minority Af-
fairs Ministry reduced by over 38 per
cent to Rs 3097.60 for FY 2023-24
l The Centre allocated Rs 3079.40 to
the Ministry of Environment, Forest
and Climate Change as part of the
Union Budget 2023
l To tackle the issues at hand such
as pollution, the Centre has allocated
Rs 948 crore
l The allocation for the National
Mission for Green India reduced from
last year’s Rs 361.69 crore to Rs 220
crore in this year’s Budget
l Finance Minister provided an outlay
of Rs 35,000 crore to achieve energy
transition and net zero objectives
New Delhi (PTI):
Whether it was just a
slip of tongue or a
tongue-in-cheek swipe
at opposition parties,
Finance Minister Nir-
mala Sitharaman’s
mention of replacing
“old political” before
correcting it with “old
polluting vehicles”
triggered moments of
mirth all round dur-
ing her budget speech
in Lok Sabha on
Wednesday.
Speaking on the ve-
hicle replacement
measures to curb pol-
lution, she said, “Vehi-
cle replacement is an
important continuing
policy. Replacing the
old political...” Treas-
ury benches had a good
laugh as the slip, delib-
erate or not, appeared
to be aimed at the Op-
position Congress, In-
dia’s oldest political
party which has been
replaced by the BJP as
the country’s most
powerful party
.
New Delhi: The Union
Budget presented in Par-
liament by Finance Min-
ister Nirmala Sithara-
man on Wednesday allo-
cated Rs 5.94 lakh crore
for the Defence Ministry,
a 13% increase year-on-
year from last year’s
budget estimates.
Capital expenditure for
military modernisation
also saw a 6.7% rise by Rs
10,230 crore year-on-year
to Rs 1.62 lakh crore.
There was also a major
hike in the allocation for
defence pensions on ac-
count of the revision of
the One Rank One Pen-
sion (OROP) scheme.
The overall revised es-
timates for 2022-23 for de-
fence stood at Rs 5.85 lakh
crore and this year’s allo-
cation represents a 1.5%
increase. Of this year’s
defence budget, Rs 2.7
lakh crore is for revenue
expenditure, Rs 1.38 lakh
crore for pensions and Rs
22,612 crore for defence
(civil).
Of the Rs 1.62 lakh
crore set aside for capi-
tal expenditure, a 6.7%
increase year-on-year,
Rs 37,242 crore has been
earmarked for the Army,
Rs 52,804 crore for the
Navy and Rs 57,137 crore
for the Indian Air Force
(IAF). This represents a
year-on-year increase of
16.32% for the Army,
10.96% for the Navy and
2.79% for the IAF. Budg-
et documents show that
the Defence Ministry
has returned about Rs
2,370 crore from the cap-
ital component, a major
part accounted for by
the IAF, which has un-
spent funds of Rs 1,837
crore.
The revised esti-
mates of 2022-23 for
pensions shot up by
Rs 33,719 crore to Rs
1,53,415 crore follow-
ing the Union Cabi-
net’s approval for
the revision of the
OROP scheme last
December, which
was pending since
July 2019. The revi-
sion will benefit
more than 25.13 lakh
veterans and family
pensioners, including
over 4.52 lakh new ben-
eficiaries.
Capex for defence re-
ceived a nominal 7% in-
crease compared with the
33% rise in the country’s
overall capital expendi-
ture commitment, accord-
ing to Gaurav Mehndirat-
ta, partner and head,
Aerospace and Defence,
KPMG in India. “We be-
lieve the capex allocation
misses a commensurate
reflection of the govern-
ment’s impetus on de-
fence manufacturing,” he
said.
DEFENCE BUDGET
ESTIMATES (2023-24)
5.93 2.7
lakh crore total
allocation
lakh crore
capital
expenditure
lakh crore rev-
enue allocation
lakh crore
Pension
1.62
22,612
crore civil
1.38
n In her Budget speech, Sitharaman said:
A capital outlay of Rs 2.40 lakh crore
has been provided for the Railways. This
highest ever outlay is about nine times
the outlay made in 2013-14.
n At least 100 critical transport infrastruc-
ture projects for last and first mile con-
nectivity have also been identified and
will be taken up on priority for steel,
coal, fertiliser and foodgrain sectors with
investment of Rs 75,000 crore, including
Rs 15,000 crore from private sources
n Makeover of 1,275 railway stations
across the country under the Amrit
Bharat scheme
n Some of the major station under the
redevelopment stage are – New Delhi,
CSMT, Puri etc.
n In MoRTH was al-
located Rs 2.70 lakh
crore. In the last
Budget, 2022-23,
MoRTH was allocat-
ed Rs 1.99 lakh crore
n For Roads, the Budg-
et allocation has
increased about 35%
from the previous
year
n Out of the total Rs 2.7 lakh
crore, the NHAI has been allo-
cated around Rs 1.62 lakh crore
as part of MoRTH’s capital
expenditure plan for 2023-24
n The higher budgetary alloca-
tions are necessary to help
MoRTH meet the target of
25,000 km target announced
by the government in the
2022-2023 budget
MORE HIGHWAYS AND EXPRESSWAYS, VANDE BHARAT TRAINS, RAPID LAYING OUT OF 5G INFRASTRUCTURE AND SHORING UP INDIA’S DEFENCES – THIS IS THE TOP PRIORITY OF THE NARENDRA MODI-LED GOVERNMENT
IN THE NEXT FINANCIAL YEAR WITH JUST FOUR MINISTRIES OR DEPARTMENTS ACCOUNTING FOR NEARLY 73 PER CENT OF THE MASSIVE `10 LAKH CRORE CAPEX BUDGET IN 2023-24
DEFENCE, ROAD, RLYS INFRA
4-5
INDIA FLEXES MUSCLES, MARCHES FORWARD
Overall, the Modi gov-
ernment has made life
difficult for the people.
The country’s economy
has been deeply hurt.
The Modi government
has done nothing except
loot the country’s wealth.
This budget will be called
‘Naam Bade Aur Darshan
Chhote Budget’ (big on
announcements and short
on delivery).
—Mallikarjun Kharge,
Congress president
No indirect taxes have
been reduced. There is
no cut in the cruel and
irrational GST rates. There
is no reduction in the
prices of petrol, diesel,
cement, fertilizers etc.
There is no cut in the
numerous surcharges and
cesses which are, anyway,
not shared with the state
governments.
—P Chidambaram,
Former Union FinMin
This Union Budget is not
futuristic, totally oppor-
tunistic, anti-people and
anti-poor. It will benefit
only one class of people.
This Budget will not help
address the country’s
unemployment issue. It
has been prepared with
an eye on the 2024 Lok
Sabha elections.
—Mamata Banerjee,
West Bengal CM
Step-motherly treatment
again with the people of
Delhi. The people of Delhi
paid more than Rs 1.75
lakh crore income tax last
year. Out of that only Rs
325 crore was given for
the development of Delhi.
This is a gross injustice to
the people of Delhi.
—Arvind Kejriwal,
Delhi Chief Minister
Instead gave more
concessions to the rich
and even reduced the
highest tax bracket. The
finance minister herself
announced that these tax
concessions amount to
losses of Rs 35,000 crore
in terms of revenue collec-
tions for the coming year.
So this way the economy
is contracting.
—Sitaram Yechury,
CPI(M) General Secretary
n The Modi government on Wednesday allocated Rs 1.96 lakh
crore to the Ministry of Home Affairs (MHA) with a major-
ity of the spending on Central Armed Police Forces such as
CRPF and intelligence gathering
n Rs 1,27,756.74 crore has been allocated to the Central
Armed Police Forces (CAPFs), Central Reserve Police Force
(CRPF) Rs 31,772.23 crore, Border Security Force (BSF) Rs
24,771.28 crore, Central Industrial Security Force (CISF) Rs
13,214.68 crore, Shashastra Seema Bal (SSB) Rs 8,329.10
crore
n The Indo-Tibetan Border Police (ITBP), which guards the
Sino-Indian border, got Rs 8,096.89 crore in comparison to
Rs 7,626.38 crore given in the current fisca, Assam Rifles Rs
7,052.46 crore, National Security Guard (NSG) Rs 1,286.54
crore, Intelligence Bureau Rs 3,418.32 crore, Special Protection
Group (SPG) Rs 433.59 crore, Delhi Police Rs 11,662.03 crore
Capital expenditure for military modernisation
also saw a 6.7% rise by `10,230 crore
year-on-year to `1.62 lakh crore
FinMin’s FAUX PAS
RAILWAY MINISTRY
ROAD MINISTRY
INFRASTRUCTURE
AGRICULTURE FISHERIES MINISTRY OF EXTERNAL AFFAIRS
HOME MINISTRY
COSTLIER
l Taxes on cigarettes hiked by 16%
l Basic import duty on com-
pounded rubber increased to
25% from 10%
l Basic customs duty hiked on
articles made from gold bars
l Customs duty on kitchen electric
chimney increased to 15% from
7.5%
CHEAPER
l Customs duty on parts of open
cells of TV panels cut to 2.5%
l Govt proposes to reduce
customs duty on the import of
certain inputs for mobile phone
manufacturing
l Govt to reduce basic customs
duty on seeds used in manufac-
turing of lab-grown diamonds
l Govt to reduce customs duty on
shrimp feed to promote exports
PRICES UP DOWN
New Delhi (PTI): The government
plans to borrow a record Rs 15.4 lakh
crore from dated securities in FY24 to
meet its expenditure requirement to
prop up the economy
.
This is higher than the total borrow-
ing of Rs 14.21 lakh crore for the cur-
rent financial year ending March 31,
2023.
Finance Minister Nirmala Sithara-
man while presenting the Budget on
February 1 said the net market borrow-
ings from dated securities are estimat-
ed at Rs 11.8 lakh crore to finance the
fiscal deficit in 2023-24.
“The balance financing is expected
to come from small savings and other
sources. The gross market borrowings
are estimated at Rs 15.4 lakh crore,” she
said.
The government has raised Rs 12.93
lakh crore till January 27, which is 91%
of the overall borrowing target of Rs
14.21 lakh crore estimated for 2022-23.
The indebtedness of the Centre and
State governments together is equal to
83% of the annual gross domestic prod-
uct (GDP).
The Finance Minister retained the
fiscal deficit target at 6.4% despite an
increase in the subsidy bill.
“Coming to 2023-24, the total receipts
other than borrowings and the total
expenditure are estimated at Rs 27.2
lakh crore and Rs 45 lakh crore, respec-
tively
. The net tax receipts are estimat-
ed at Rs 23.3 lakh crore,” she said.
She pegged the fiscal deficit at 5.9%
of GDP for FY24.
“In my Budget Speech for 2021-22, I
had announced that we plan to contin-
ue the path of fiscal consolidation,
reaching a fiscal deficit below 4.5% by
2025-26 with a fairly steady decline over
the period. We have adhered to this
path, and I reiterate my intention to
bring the fiscal deficit below 4.5% of
GDP by 2025-26,” she said.
Ms. Sitharaman had pegged gross
market borrowing through dated secu-
rities for 2022-23 at Rs 14,95,000 crore.
However, the government in Septem-
ber 2022 decided to cut the gross bor-
rowing to Rs 14.21 lakh crore during
FY23. The gross borrowing for 2021-22
was Rs 12,05,500 crore.
GOVERNMENT TO BORROW RECORD `15.4L
CRORE IN FY24 TO BRIDGE REVENUE GAP

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ver since the very inception
of budget in 1860s it has
shown a transformation
from briefcase to bahi kha-
ta, then to tablet for now.
The very first budget of
“Amrit Kaal” as enunciated
by Finance Minister,was an
excellent opportunity for
the nation to demonstrate
how its tax policy measures
align with its growth and
investment goals while pre-
venting needless conflicts
from arising on its path to
becoming the third largest
economy by the turn of the
decade. Following seven pri-
orities, which complement
each other and act as the
Saptarishi in guiding us
through the ‘Amrit Kaal’
are: inclusive development,
infrastructure and invest-
ment,reachingthelastmile,
unleashing the potential,
green growth, youth power,
financial sector. The big pic-
ture of the Budget is its fo-
cusongrowththroughhigh-
er productive capital spend-
ing, and simultaneously
sticking to fiscal prudence.
Prior to the general elec-
tions in 2024, the Union Fi-
nance Minister, Nirmala
Sitharaman, unveiled a sig-
nificant budget that fea-
tured significant invest-
ments in infrastructure
and agricultural sectors as
well as redesigned tax
brackets that provided sig-
nificant relief to middle
class. The Union Budget
2023-24 can be summarized
in the following big takea-
ways as mentioned:
PUSH FOR GREEN
GROWTH- REDUCING
GREEN INFLATION
Green inflation is the accel-
eration of consumer prices
triggered by the increase in
the price of products linked
to the transition to a carbon-
free economy, both those to
bediscontinuedandthoseto
be enhanced. With regard to
green product prices, such
as commodities used inten-
sively by renewable ener-
gies (copper, lithium), price
increases are also to be ex-
pected given the slow re-
sponse of production to the
increase in demand.
With a budget of Rs 19,700
crores, the recently estab-
lished National Green Hy-
drogen Mission would help
India shift to a low carbon
economy, and establish the
nation as a market and tech-
nological leader in this
emerging industry
.
RAISING CAPEX
The amount spent on capi-
tal projects has steadily in-
creased over the past three
years, rising from Rs 4.39
lakh crore in 2020–21 to Rs
5.4 lakh crore in 2021–22, Rs
7.5 lakh crore in the current
fiscal year (202–23), and Rs
10 lakh crore in the follow-
ing fiscal year. The expect-
ed capital expenditure for
2022–2023 is 33% lower than
the expenditure for the fol-
lowing year.
NEW TAX REGIME
New Personal Income Tax
regime is now the default:
The Budget choice that will
likely garner the greatest
attention is this one. Indi-
ans who make a living on a
salary anticipated some tax
relief. Although it was in-
troduced last year and not
many people took use of it,
the FM appears to have in-
cluded it under the so-called
new personal income tax
structure. The public is like-
ly to support this action
since it will provide relief
for the salaried class. The
government hopes that this
will help to boost the econo-
my by putting more money
in the hands of taxpayers.
By exempting income up
to Rs 7 lakh from tax, Si-
tharaman has put more
money in the hands of
many young) entrants to
the job market. Now, those
earning up to Rs 7 lakh
(monthly income of just un-
der Rs 60,000) will not pay
any tax. Also, those who
have retired – government
employees and even private
sector – which is an increas-
ing number today, will not
have to pay tax if their pen-
sion is less than Rs 60,000.
FISCAL PRUDENCE
The fiscal deficit, or the dif-
ference between expendi-
tures and revenues, is the
figure that matters the
most in the budget and is
closely monitored by all
FIIs and foreign investors.
In addition to estimating
the budget deficit for 2023–
24 at 5.9% (less than 6%; a
decrease of 0.5 percentage
points from the deficit fore-
cast for 2022–23), she noted
that the budget has fallen
short of the objective this
year, which was 6.4% of the
GDP. Interest rates are low-
er when the government
borrows less money. This
will have a salutary impact
on the broader economy as
it suggests that money will
be available for private en-
trepreneurs to borrow.
CONCLUDING REMARK
India Budget 2023 has of-
fered a multi-dimensional
view. The 3 Cs which stand
out are — capex increase,
consumption boost, capital
gains tax status quo. Mind-
ful of the fact that there is
hardly any space for fiscal
expansion, FY24 fiscal defi-
cit is pegged at 5.9 % and
expected to see progressive
reduction by FY 2026. Budg-
et 2023 also aimed at the eco-
nomic empowerment of
women and job generation
for youth. Under PM Vish-
wakarmaKaushalSamman,
traditional artisans, for the
first time, will get a package
of assistance which will fo-
cus on bettering the quality
,
scale and reach of their
products. There is no pop-
ulism in Union Budget for
2023-24, Finance Min Nir-
mala Sitharaman’s fifth in a
row,noforeshadowof 2024LS
polls – or its imperatives for
a party working for a third
term. If at all, this Budget
clearly points to continuity
to government’s economic
strategy
. It is bold, and in-
novative too with the hope
that good economics isn’t
necessarily bad politics.
THE VIEWS EXPRESSED BY
THE AUTHORS ARE PERSONAL
PROF ND MATHUR
The writer is Dean, Jaipur School of
Economics, JECRC University
SUMANT KAUSHIK
The writer is Assistant Professor, Jaipur
School of Economics, JECRC University
PERSPECTIVE
06
This year’s
Budget provides
an unprecedented
impetus to:
Sustainable
Future, Green
Growth, Green
Economy, Green
Infrastructure,
Green Jobs.
Bhupender Yadav
@byadavbjp
Unprecedented -
allocation to
create paperless
courts for faster
delivery of
justice. I thank
PM @
Narendramodi ji
and FM @
NSitharaman ji
for timely
announcing
critical eCourts
Phase-III Project
with an outlay of
Rs 7000 Cr in
Budget for
2023-24.
Kiren Rijiju
@KirenRijiju E
SAPTRISHIS TO GUIDE INDIA’S GROWTH
SABKA SAATH SABKA VIKAS
MAPPING PRIORITIES FOR AMRIT KAAL:
A ROADMAP TO 3RD
LARGEST ECONOMY
Under PM Vishwakarma Kaushal
Samman, traditional artisans, for
the first time, will get a package of
assistance which will focus on
bettering the quality, scale and
reach of their products. The
package will include financial
support, skill training, digital,
green techniques, brand
promotion, digital payment,
social security etc. There is no
populism in Union Budget for
2023-24, Finance Min Nirmala
Sitharaman’s fifth in a row
Don’t you know
that you
yourselves are
God’s temple and
that God’s Spirit
dwells in your
midst?
—Bible
SPIRITUAL
SPEAK
l Vol 1 l Issue No. 266 l RNI TITLE NO. MAHENG/2022/14652 Printed and published by Anita Hada Sangwan on behalf of First Express Publishers. Printed at Dangat Media Pvt Ltd, No.22, Dighe MIDC, Vishnu Nagar, TTC Industrial Area, Dighe, Navi Mumbai-400701.
Published at Plot No. 3 Scheme C of Manglorean Garden Home, CHS Limited, Survey No. 5, 6C (Part) Ville Parle East, Mumbai 400057. Phone 022-46031417. Editor-In-Chief:DrJagdeeshChandra Editor: Kartikey Dev Singh responsible for selection of news under the PRB Act
aptrishis, the
seven ascetics
extolled by the
Vedas, were in-
voked in Union
Finance Minister Nirmala
Sitharaman’s Budget for Fi-
nancial Year 2023-24. A con-
stellation is named after
them. What do the mytho-
logical holy men have to do
with the Union Budget? As
the Finance Minister ex-
plained they form the gov-
ernment’s seven priorities-
--inclusive development,
last mile growth, green
growth, infrastructure and
investment, unleashing the
potential, youth power, fi-
nancial sector---in the Am-
rit Kaal.
Inclusive growth carries
forward the government’s
agenda of ‘Sabka saath,
sabka vikas’ for the welfare
of Divyangjan (physically
challenged), financially
weaker sections, farmers, O
BCs, SCs STs. The Fi-
nance Minister outlined in
her Budget speech a wide
range of schemes for the
benefit of agriculturists.
Also included for inclusive
development are the health
and education sectors, both
important components re-
quiring focus especially in
the context of farmers and
weaker sections of the soci-
ety
. Sitharaman announced
four schemes for reaching
the last mile.
In the case of infrastruc-
ture and investment the
government announced an
increase of 33.4% in capital
outlay, increasing the Rail-
ways capital outlay by Rs
2.4 lakh cr, creation of a
fund for development of
modern infrastructure in
Tier 2 and 3 cities and other
schemes.
To unleash potential 3
artificial intelligence cen-
tres in educational insti-
tutes, a national data gov-
ernance policy, making
contract execution for MS-
MEs less strict, etc. have
been planned. Ambitious
schemes are on the anvil for
other priority sectors. The
Budget is a clear roadmap
to make India outshine oth-
er countries.
S
As the Finance Minister
explained they form the
government’s seven
priorities—inclusive
development, last mile
growth, green growth,
infrastructure and
investment, unleashing
the potential, youth
power, financial sector—
in the Amrit Kaal

INDIA
07
NEWS DIGEST
Washington (ANI):
The United States and
India on Tuesday for-
mally established a
high-level initiative on
critical and emerging
technologies or iCET.
India’s National Se-
curity Advisor Ajit Dov-
al had a ‘fruitful discus-
sion’ with his US coun-
terpart at the White
House. In the discus-
sions, there was a laser
focus on aligning Wash-
ington and New Delhi’s
strategic, commercial
and scientific approach-
es specifically in the
field of technology. Of-
ficials did announce
several concrete steps
that the initiative will
be taking forward from
the high-power meeting
in Washington.
Sullivan, in an inter-
view with reporters,
said that iCET would
‘serve both countries’
deeper strategic inter-
ests, according to The
Washington Post. iCET
has no explicit refer-
ence to China, but the
Biden administration
sees technology devel-
opment vis-a-vis China
as a zero-sum game that
the U.S. cannot lose
hence iCET could be an
important way for-
ward.
“The US-India de-
fence and artificial in-
telligence dialogue is a
multi-layered approach
and China is one of the
dimensions as it is a
major challenge to New
Delhi and the world,” a
senior administration
official told reporters.
Dehradun (ANI): The
killingsof formerPrime
Ministers Indira Gan-
dhi and Rajiv Gandhi
were not “martyrdom
but accidents”, Uttara-
khand Minister Ganesh
Joshi said, stoking a po-
litical controversy
.
The Minister said
that there is a “differ-
ence between accident
and martyrdom” and
what happened with the
two former prime min-
isters is betetr called an
“accident”. “If you look
at History
, there is a dif-
ference between acci-
dent and martyrdom.
Freedom fighters like
Chandra Shekhar Azad,
Ram Prasad Bismil and
others, who accepted
capital punishment but
did not accept the Brit-
ishers’ demands, were
martyrs. If there is
some bad incident with
someone, that is called
an accident,” said Joshi.
Former PM Indira
Gandhi was killed by
her 2 Sikh bodyguards
in 1984 as a revenge for
military operation to
flush out extremists
fromtheGoldenTemple.
Her son Rajiv Gan-
dhi, who was the prime
minister, was assassi-
nated by Tamil Tiger
rebels in 1991 during an
election campaigning.
“Indira and Rajiv Gandhi killings were accidents”
NEW CONTROVERSY
Former PM Indira Gandhi was killed by her two Sikh bodyguards
on October 31, 1984. Her son Rajiv Gandhi, who was the prime
minister, was assassinated by Tamil Tiger rebels on May 21, 1991.
Chinaamajorchallengetoworld:US
Multi-layered approach needed to strengthen our defense partnership, and China is one of the dimensions
as it is a major challenge to India and the world, a senior administration official in Washington told media
CONG FUMES OVER BJP’S ‘NOT MARTYRDOM’
REMARK FOR GANDHIS, DEMANDS APOLOGY
New Delhi (ANI): Former
Chief Minister of Uttarakhand
and Congress leader Harish
Rawat on Wednesday
slammed the BJP’s minister
Ganesh Joshi for his remarks
on the deaths of former Prime
Ministers, Indira Gandhi and
Rajiv Gandhi, demanding an
apology from the latter. “BJP
has gone mad, as no one has
the right to insult martyrdom,
to criticize the sacrifice. BJP
should apologize for this
statement made by their
minister,” Rawat said. Joshi
courted a political controversy
calling the killings of former
Prime Ministers Indira Gandhi
and Rajiv Gandhi “accidents,
not martyrdom”. The killings
of former Prime Ministers
Indira Gandhi and Rajiv
Gandhi were not “martyrdom
but accidents”, Joshi remained
firm over his statement while
talking to ANI. “Those who
do violence like PM Modi,
Amit Shah, Ajit Doval, and
RSS, cannot understand pain,
but we can. We should stand
against the ideology which
tries to demolish the base of
India,” he said.
Assembly polls: PM Modi,Shah,
Nadda attend BJP CEC meeting
New Delhi (ANI):
Prime Minister Naren-
dra Modi attended the
Bharatiya Janata Party
(BJP) Central Election
Committee (CEC) meet-
ing over the upcoming
Meghalaya and Naga-
landAssemblyelections.
The meeting at the
party headquarters in
Delhi was chaired by
BJP national president
JP Nadda. Union Home
Minister Amit Shah,
Defence Minister Ra-
jnath Singh and all the
members of the Central
Election Committee
were present at the
meeting. Voting for As-
sembly elections in Na-
galand and Meghalaya
will be held in a single
phase on February 27.
The results will be de-
clared on March 2. In
Meghalaya, BJP will
fight in all seats alone
this time while in Naga-
land, the party will con-
test the polls in alliance
with the Nationalist
Democratic Progres-
sive Party (NDPP).
Air Marshal AP Singh takes charge
as Vice Chief of Indian Air Force
Shah to visit WB in Feb
to boost party’s morale
New Delhi (ANI):
Aiming to strengthen
the Bharatiya Janata
Party (BJP) organisa-
tion in West Bengal,
Union Home Minister
Amit Shah will be vis-
iting the state in Feb-
ruary.
Incidentally, ahead
of the Lok Sabha elec-
tions in 2024, the cen-
tral leadership of the
(BJP) is constantly vis-
iting West Bengal to
strengthen its organi-
sation. BJP state presi-
dent Sukanta Majum-
dar informed ANI that
Amit Shah will visit
Bengal in February but
the date has not been
confirmed yet.
“We will finalise the
date of the Home Min-
ister’s visit on Febru-
ary 6. Although, there
is a possibility that he
will visit the state in
the second week of Feb-
ruary,” he said. The
party has also started
the Loksabha Pravas
Yojana, in view of the
Lok Sabha elections.
New Delhi: Air Mar-
shal AP Singh, who
has more than 5,000
hours of flying experi-
ence, assumed charge
as the new Vice Chief of
the Indian Air Force on
Wednesday
. He succeed-
ed Air Marshal Sandeep
Singh who retired on
Tuesday after more
than 39 years of service.
An alumnus of the
National Defence Acad-
emy, Defence Services
Staff College and Na-
tional Defence College,
the Air Marshal was
commissioned into the
fighter stream of the
IAF on Dec 1984. The
officer is a qualified fly-
ing instructor an ex-
perimental test pilot
with over 5,000 hours
of flying experience.
Anti-encroachmentdriveoninJK
Srinagar (PTI): Au-
thorities in Kashmir
launched a massive an-
ti-encroachment drive
here on Tuesday, bull-
dozing illegal struc-
tures to recover over 500
‘kanals’ of land from
influential people in-
cluding former minis-
ters and kin of an ex-
chief minister.
One acre is equal to
eight ‘kanals’. The re-
covered land includes
40 kanals allegedly oc-
cupied by the owners of
Hotel Nedou’s at MA
Road here, officials said
after the drive conduct-
ed by revenue depart-
ment in Srinagar and
Anantnag districts.
New Delhi: Kerala journal-
ist Siddique Kappan, held
on terror charges, will be
released today. A Special
court in Lucknow signed
his release order today --
over a month after he got
bail in the 2 cases against
him. His lawyer said the
formalities have all been
completed today, “but
the release order didn’t
reach jail in time. He’ll
walk out of jail tomorrow
before noon”. Kappan
was expected to walk out
last evening, but he could
not be released since the
judge of the Special Court
on Prevention of Money
Laundering was busy with
a bar council election.
New Delhi (PTI): The
Supreme Court on
Wednesday directed
WhatsApp to publicise
its undertaking given to
the Centre in 2021 that it
will not limit functionality
for users not agreeing to
its new privacy policy.A
five-judge Constitution
bench asked the mobile
messaging app to give
advertisement in five
newspapers to publicise its
undertaking given to the
government.“We record
that the stand taken in the
letter (to government) and
we record the submission
of the senior counsel for
WhatsApp that they will
abide by the terms of
letter…till next hearing.
KERALA JOURNO
KAPPAN TO BE
RELEASED TODAY
SC ASKS WHATSAPP
TO PUBLICISE
UNDERTAKING
SC SEEKS CENTRE’S
RESPONSE ON
CUSTODY MATTERS
COURTYARD
in
in
National Security Advisor Ajit Doval meets his American counterpart Jake Sullivan.
—PHOTO
BY
ANI
White House National Security Advisor to US President Joe Biden,
Jake Sullivan during the Round Table on Critical and Emerging
Technologies hosted by US-India Business Council, in Washington.
INDIA MADE
JET ENGINES
IN US PLAN
TO COUNTER
CHINA
Washington: The
US and India plan to
share advanced de-
fense and computing
technology, includ-
ing the potential
joint production of
General Electric Co.
jet engines, as the
Biden administra-
tion seeks to shift
New Delhi away
from Russia and
counter China. US
officials are evaluat-
ing a proposal from
GE to approve joint
production of jet
engines for Indian
warplanes. Sulli-
van and Ajit Doval
attended an event
with executives from
American and Indian
tech firms and uni-
versity presidents.
DOVAL DISCUSSES DEFENCE TIES WITH US
INDIA, US TIES TO TARGET CHINA’S AI,
MILITARY EQUIPMENT: WHITE HOUSE
Washington: The White
House is launching a
partnership with India that
President Joe Biden hopes
will help the countries
compete against China on
military equipment, semi-
conductors and artificial
intelligence (AI). Washing-
ton wants to deploy more
Western mobile phone
networks in the subcon-
tinent to counter China’s
Huawei Technologies Co
Ltd, to welcome more
Indian computer chip
specialists to the US and
to encourage companies
to collaborate on military
equipment like artillery
systems. Biden’s national
security adviser, Jake
Sullivan, and his Indian
counterpart, Ajit Doval,
are meeting with senior
officials from both coun-
tries at the White House
to launch the U.S.-India
Initiative on Critical and
Emerging Technologies.
New Delhi: Leaders of Delhi’s civic body will meet again on
February 6 to elect a mayor after two failed attempts last
month amid a tussle between the
Aam Aadmi Party and the BJP. Chief
Minister Arvind Kejriwal’s Aam Aadmi
Party, or AAP, has alleged the BJP is
trying to capture the Municipal Cor-
poration of Delhi by electing a BJP
leader to the mayor’s post, although the AAP won far more
seats than the BJP in the recent election to the civic body.
DELHI MAYOR ELECTION ON MONDAY, WAS
STALLED TWICE DUE TO AAP-BJP FIGHT
JHARKHAND CM
ANNOUNCES `4
LAKH AS EX-GRATIA
WHATSAPP BANS
36.77 LAKH
ACCOUNTS IN 2022
Ranchi (PTI): After PM
Narendra Modi had
announced an ex-gratia
of Rs 2 lakh each to the
kin of the deceased,
Jharkhand CM Hemant
Soren on Wednesday
announced Rs 4 lakh as
compensation to the next
of kin of those killed in
the Dhanbad fire tragedy.
14 were charred to death
after a major fire broke
out on the second floor
of ‘Ashirwad Tower’, a
multi-storied building in
the Joraphatak area.
New Delhi: WhatsApp
said it banned 36.77
lakh accounts in India in
November, marginally
lower than the number
of accounts it barred in
the preceding month
The banned WhatsApp
accounts include 13.89
lakh accounts which were
barred proactively before
being flagged by users.
In December, WhatsApp
banned 37.16 lakh
accounts, including 9.9
lakh accounts which were
barred proactively.
Srinagar (ANI): Major General Girish Kalia assumed charge
as General Officer Commanding (GOC) of the elite Vajr
Division from Major General Abhijit S
Pendharkar, a Defence spokesperson
said. Major Gen Girish Kalia was
commissioned on 14 December 1991
from IMA, Dehradun into MADRAS
Regiment, a spokesperson said. An
alumnus of the Indian Military Academy, Dehradun, the
General Officer has attended all-important career courses at
Defence Services Staff College, Wellington, Army War Col-
lege, Mhow National Defence College, New Delhi, he said.
MAJOR GEN GIRISH KALIA TAKES CHARGE
AS GOC OF ARMY’S VAJR DIVISION
AVALANCHE
KILLS TWO
FOREIGNERS
‘NATION’S SAFETY
CANNOT BE
OUTSOURCED’
Gill creates
history; breaks
Kohli’s records
Baramulla (ANI): Two for-
eign nationals were killed
in an avalanche in Jammu
and Kashmir’s Gulmarg,
police said on Wednesday.
During the rescue oera-
tions, 19 foreign nationals
and 2 local guides have
been rescued. Some
skiers were trapped in
the famous ski resort Gul-
marg after an avalanche
hit the Afarwat peak in the
region, Baramulla Police
said and added that three
teams comprising twenty-
one Foreign nationals and
two local guides went to
Affarwat Gulmarg for ski-
ing on Wednesday.
Pune (PTI): Chief of the
Army Staff General Manoj
Pande on Wednesday said
no country is willing to
share the latest, “state-of-
the-art” technologies and
it implies that security
of the nation can neither
be outsourced nor be
dependent on the largesse
of others. He was speak-
ing at the foundation day
of the Army Institute of
Technology in Maharash-
tra’s Pune city.
New Delhi: India de-
feated New Zealand to
win the T20 series
against Kiwis 2-1. Shub-
man Gill single-handed-
ly destroyed the bowl-
ing attack of New Zea-
land and was undefeat-
ed at 126. Gill became
only the fifth Indian to
hit hundreds across all
formats of the game,
joining Rohit Sharma,
Virat Kohli, Suresh Rai-
na. He created history
as he surpassed Kohli
Raina to become the
youngest Indian to hit a
T20I century
.
LANDSLIDE BLOCKS NAT’L HIGHWAY-44
Authorities in Jammu and Kashmir went into overdrive to retrieve
the encroached government land from influential persons.
PM Narendra Modi with Union Ministers Amit Shah, Rajnath Singh
and BJP chief JP Nadda and other dignitaries at the BJP Central
Election Committee meeting, in New Delhi on Wednesday.
New Delhi: A major
landslide occurred near the
Rampari area in Banihal
town of Jammu and
Kashmir on Wednesday. Na-
tional Highway 44 has been
closed for vehicular traffic
following a landslide. In a
video shared by the deputy
commissioner of Ramban,
boulders can be seen on the
highway, blocking it. The
deputy commissioner of
Ramban district has advised
people to follow advisories
issued by the JK traffic
police. “People are advised
to follow JK Traffic Police
advisories,” said Deputy
Commissioner, Ramban.
New Delhi (PTI): The SC
has sought the Centre’s
response on the issue of
exploring the possibility
of entering into mutual
agreements with the US
in matters related to child
custody disputes as such
cases are increasing due
to Indians residing there.
The apex court passed the
order while holding a man,
who is a resident of the US,
guilty of civil contempt for
his failure to bring back his
child to India on the order of
the court in May last year.

08
2NDFRONT
www.firstindia.co.in I www.firstindia.co.in/epapers/mumbai I twitter.com/thefirstindia I facebook.com/thefirstindia I instagram.com/thefirstindia
Remember that you will never be
able to hit a target that you cannot
see. Be very clear what you want in
life, only then you can achieve it.
— Dr Jagdeesh Chandra,
CEO Editor-in-Chief, First India
First India Bureau
Aurangabad: The Un-
ion Budget has nothing
for Maharashtra and it
reflects the “failure” of
the state BJP leaders
and the Eknath Shinde-
Devendra Fadnavis gov-
ernment, said Leader of
Opposition in the Legis-
lative Council Ambadas
Danve on Wednesday
.
“The Maharashtra
state has got nothing
from the Union Budget.
The government has
not spoken about unem-
ployment in the coun-
try despite claiming
that it would give two
crore jobs in a year,”
said the Shiv Sena lead-
er in a video message.
Targeting the ruling
alliance of the Shinde-
led Balasahebanchi
Shiv Sena and the
(BJP), he said, “This is
a failure of the Shinde-
Fadnavis-led govern-
ment in Maharashtra.
They should have
brought major alloca-
tions for Maharashtra,
but they have failed,”
said Danve, who hails
from Aurangabad.
Opposition party
leaders in Aurangabad
and Marathwada also
criticized the Union
Budget.
Former chief minis-
ter and Congress leader
Ashok Chavan said
there is nothing con-
crete in the budget to
bring down inflation.
The price of crude oil
hascomedownbutthere
is no reduction in fuel
prices by the Centre.
“The BJP govern-
ment at the centre re-
leases big numbers
every year. However,
those announcements
are not being imple-
mented. It was earlier
announced that they
would double the in-
come of farmers by
2022. In fact, compared
to UPA-1 and UPA-2,
the rate of increase in
guaranteed prices has
reduced considerably.
It was said that by 2022,
everyone would have
their own home. They
have increased the ex-
penditure of the Prime
Minister's Awas Yoja-
na in this year’s budget
but there is no re-
sponse from the cen-
tral government re-
garding the announce-
ments made earlier,”
added Chavan.
All India Majlis-e-It-
tehadul Muslimeen
MP Imtiaz Jaleel called
it an election budget.
BUDGET HAS NOTHING FOR
MAHARASHTRA: DANVE
People watch the Budget on multiple screens at an electronics store in Mumbai.
—PHOTO
BY
BHUSHAN
KOYANDE
‘CM, Dy CM should
have brought major
allocations for
Maharashtra, but
they have failed’
says LOP in the
Legislative Council
First India Bureau
Mumbai: Leader of
the Opposition in the
Legislative Assembly
and Nationalist Con-
gress Party leader Ajit
Pawar said the Union
Budget for 2023-24 has
“destroyed the concept
of the welfare state”.
He also said the “bo-
gus” Budget was an at-
tempt at electioneering
ahead of the Lok Sabha
elections scheduled in
nine states.
“This budget is a
‘Chunavi Jumla’,” he
said, adding “There is
a pretence of increas-
ing the exemption lim-
it of income tax to ap-
pease the middle class,
but there is no con-
crete provision for the
social security of the
middle class.” He also
raised the question of
past promises.
“The country’s GDP
growth rate has only
risen 3% on average
between 2018 and 2022
The old announce-
ment that the country's
economy will be 5 tril-
lion dollars is renewed
means that the Central
government itself has
admitted its incompe-
tence,” he said.
“What happened to
the promise of provid-
ing 2 crore jobs every
year has not been an-
swered in this budget,”
he added.
“The finance minis-
ter announced that mo-
biles and electronics
will become cheaper.
However, the Central
government conveni-
ently forgot to reduce
taxes on essential com-
modities,” the NCP
leader also said.
‘Chunavi Jumla has destroyed
the concept of welfare state’
Ajit Pawar —FILE PHOTO
First India Bureau
Mumbai: Attacking
the Union Budget as fa-
vouring corporate
firms while ignoring
farmers, the Akhil
Bharatiya Kisan Sabha
(ABKS) on Wednesday
issued a statement say-
ing that the Union gov-
ernment, which had
promised to double
farmers’ incomes is do-
ing that, but only for
large corporate houses.
“According to the gov-
ernment data, farmer’s
earn just Rs27 a day
from crops. Their in-
debtedness is on the rise
since the rate of farm
produce has been fall-
ing steadily
. As a result,
the number of farmer
suicides has reached
3,25,000 under the Modi
government. Farmers
had high expectations
from the budget, but
they have been left dis-
appointed,” ABKS Na-
tional Joint Secretary
Ajit Navale said.
“The Modi govern-
ment had promised one-
and-a-half times the
price of agricultural
produce to increase the
income of farmers. In
the budget, promotion
of natural farming,
mango cultivation on
seashores, and Rs10,000
crore for animal hus-
bandry and bulk grain
have been announced.
These announcements
are made ignoring the
basic issues of farmers
and agriculture,” al-
leged Navale.
“Cotton and soybean
prices are continuously
falling in the country.
The budget was expect-
ed to take steps to re-
duce losses to farmers
as cotton and soybean
production fell due to
natural calamities. But
that has not happened,”
he also said, adding,
“Unfortunately, instead
of increasing the pur-
chasing power of work-
ers, measures have been
taken to once again dou-
ble the income of corpo-
rate firms.”
Renni Abraham
Mumbai: The Bombay
High Court on Wednes-
day ordered Mumbai
realtor Akhtar Hasan
Rizvi to return to India
by February 15, 2023,
over charges of embez-
zlement and fraud.
It also expressed sur-
prise when informed
that Deputy Commis-
sioner of Police (DCP)
Prakash Jadhav, at-
tached to the Economic
Offences Wing (EOW)
of the Mumbai Crime
Branch, had amended
an existing look out no-
tice (LOC) that allowed
Rizvi to flee the country
in November 2022.
Special Public Prose-
cutor (SPP) Raja Thack-
eray and the advocate
on board Bharat Man-
ghani contested Rizvi’s
anticipatory bail appli-
cation by pointing out
identical averments re-
garding his health that
was not accepted by the
sessions court.
Manghani said, “As
far as a LOC is con-
cerned, there is no pro-
vision to temporarily
revoke it. IPS rank of-
ficers may only revoke
the LOC if there is le-
gal ground to do so.
The accused had at-
tempted to leave India
in October 2022 and
was prevented by im-
migration authorities
due to the LOC.”
When contacted, Riz-
vi said, “I will not be
able to talk. I am out of
town, as you are aware.
I will go by the court’s
decisions.”
Had high expectations, but are disappointed: Kisan Sabha
DCP Jadhav of EOW
revoked LOC against
Rizvi illegally?
Farmers earn just Rs27 a day from their crops. —FILE PHOTO
‘The govt had promised to double the
incomes of farmers, but is only doubling
income of corporations; 3.25L farmers have
committed suicide under Modi govt’
Bombay High Court—FILE PHOTO
Aaditya Thackeray
ALL EYES ON BUDGET
People follow the Union Budget on their mobile devices outside the Bombay Stock
Exchange, in Mumbai, on Wednesday. —PHOTO BY BHUSHAN KOYANDE
First India Bureau
Mumbai: After the Un-
ion Budget 2023-24 was
presented on Wednes-
day, Shiv Sena – Uddhav
Balasaheb Thackeray
leader Aaditya Thack-
eray blasted the Centre
for not making provi-
sions for Maharashtra.
Criticizing the Budg-
et, the former state
minister said, “What
has been achieved from
the Union Budget? That
is the big question. In
the state (Gujarat),
where the BJP won
more than 150 seats in
the Assembly, projects
of firms such as Vedan-
ta-Foxconn, Tata Air-
bus, and the Interna-
tional Financial Centre
were shifted. They have
also received more con-
cessions (than Maha-
rashtra). This budget
has rubbed salt on Ma-
harashtra’s wounds.”
‘Union Budget
adds insult to
state’s injuries’
First India Bureau
Mumbai: While most
reactions to the Union
Budget presented by Fi-
nanceMinisterNirmala
Sitharaman have been
predictable, split along
partisan lines, Prahar
Janshakti Party law-
maker Bachchu Kadu
had an unusual com-
plaint, focusing instead
more on the fact that the
speech was in English.
“The Budget is very
good, but it left out the
part related to farmers,
labourers and housing
for the homeless. Also,
there aren’t many pro-
visions to improve the
healthcare system.
However, the most un-
fortunate thing is that
it was presented in
English. If you can’t
speak Hindi, then
someone else should
present that Budget,”
he told reporters here.
“The national lan-
guage of this country is
Hindi and you should
speakintheHouseinthe
language that elected
you so that the common
man can understand it.
The national language
hasbeeninsultedbypre-
senting the budget in
English. We should cor-
rect this insult. We are
going to write a letter to
Prime Minister Modi
that next year’s Budget
should be presented in
Hindi,” the MLA said.
Language no bar? Not quite,
says PJP MLA Bachchu Kadu
The most un-
fortunate
thing is that
it was presented in
English. If you can’t
speak Hindi, then
someone else should
present that Budget.
—Bachchu Kadu, MLA
First India Bureau
Mumbai: Balu Dha-
norkar, the only Con-
gress MP in the state,
termed the Union Budg-
et 2023-24 “only a decla-
ration” and said that its
“implementation will be
zero as usual.”
Slamming the budget
presented by Union Fi-
nance Minister Nirmala
Sitharaman, Dhanorkar
said, “This is the kind of
budget that is ruining
the lives of people in the
country
.Inflation,unem-
ployment, and increas-
ing poverty should have
been addressed. Due to
poverty and unemploy-
ment, the underprivi-
leged are feeling the ef-
fects of inflation. Our
per capita income has
doubled, but whose, the
poor or the rich?”
“This is Union Fi-
nance Minister Nirmala
Sitharaman’slastbudget
before the Lok Sabha
elections. So, big an-
nouncements have been
made keeping the polls
in mind,” said Dhanork-
ar, adding, “The minis-
ter announced plans to
set up 50 new airports
across the country
. How-
ever, the Chandrapur
airport has been lying
unfinished for years.”
Implementation will be zero as usual: Cong MP
Cong MP Balu Dhanorkar —FILE PHOTO
IGNORED
Bombay HC
orders Mumbai
realtor to return
to India by
February 15,
2022
‘50 new
airports
announced, but
what of
Chandrapur
airport? It’s
still unfinished’
HIT MISS?
—FILE
PHOTO

A
nushka Sharma, who is quite
active on social media, is cur-
rently spending time in Rishi-
kesh. On Tuesday evening,
the actress took to social media and
dropped a peaceful picture from
the mountains. She also penned a
beautiful quote by Neem Karoli
Baba in the caption.
In the picture, Anushka is
seen sporting a black t-shirt and
matching leggings. Along with it,
she wrote, “Can’t you see, it’s all
perfect!” - Neem Karoli Baba.”
J
ennifer Aniston is a well-known for both
her exceptional acting talent and good
looks. The actress is now winning the in-
ternet with the recently released official
trailer of her upcoming project, Murder Mys-
tery 2. The renowned star is reprising her much-
loved character Audrey Spitz in the crime com-
edy, which is set to release on Netflix. To the
much surprise of her fans across the globe,
especially those of Indian origins, Jennifer is
spotted in an exquisite ivory lehenga in the
official trailer of Murder Mystery 2, which has
been going viral on social media.
The heavily embroidered is cre-
ated by renowned
Indian designer,
Manish Malhotra.
thefirstindia I facebook.com/thefirstindia I instagram.com/thefirstindia 09
MUMBAI, | THURSDAY,
FEBRUARY 2, 2023
SELENA SHUTS
DOWN A HATER
S
elenaGomezhas
been quite vocal
about her health
problems, espe-
cially her journey
with lupus. However,
now and then, internet
users find an opportu-
nity to comment, criti-
cize and shame her for
the same. Speaking of
which, recently, the
30-year-old singer re-
sponded to a troll who
made fun of her hand
tremors in a video.
A few days back, Selena
took to TikTok and post-
ed a video showcasing
her skincare regime.
Others felt the need to
point out that Selena’s
hands were shaking. A
TikTok user posted a
now-deletedvideoonthe
platform, saying, “Oh
mygod,whatareyoudo-
ing?!” as they trolled the
actress.Selena took to
the comments section
and reminded the user
by stating “Lol I shake
because of my medica-
tionforlupus.Alsoread
mydisclaimer.Iain’tno
pro (laughing emoji)”.
ANISTON IN AN
INDIAN ATTIRE
SAMANTHA’S APOLOGY
S
a m a n t h a
Ruth Prab-
hu has
joined forces
with Liger actor Vi-
jay Deverakonda for the
romantic entertainer,
Kushi. While the
makers have al-
ready completed the
initial schedule of the
movie in Kashmir, the rest
of the shoot was pushed
because of the Yashoda
actor’s health condition.
Now, the team is all set to
resume work on the much-
awaited drama.
Sharing the happy
news, Samantha wrote on
Twitter, “#Kushi will re-
sume very soon .. my apol-
ogies to @TheDeverakon-
da fans @ShivaNirvana @
MythriOfficial.” The film
was originally scheduled
to release in December
2022, however, it got de-
layed. Recently
, VD con-
firmed that same say-
ing, “We have finished
close to 60 percent of the
shoot. We were originally
hoping to release the film
by December. But now it
has been pushed to next
year due to a bunch of
reasons. We are eyeing
February 2023 release as
of now.
aani Kapoor, who won hearts for
her performance in Abhishek Ka-
poor’s Chandigarh Kare
Aashiqui, has signed her next
project The actress will now
headline Yash Raj Films’ yet un-
titled gritty crime thriller show,
which will be helmed by Mardaani 2 di-
rector Gopi Puthran. This multi-season
show is a part of YRF’s OTT slate.
“Vaani has been looking for projects
where she could deliver a performance to
remember. While she continues to give
preference to theatricals, she isn’t going
to shut herself out of great digital pro-
jects. The show is a gritty, edge-of-the-
seat crime thriller which YRF feels is a
brilliant concept, and has plans to mount
it at a scale that will surprise people.
Gopi was clear that he wanted to cast
someone who will be fresh in the OTT
landscape. He wanted a solid performer
who can hold her own and has always ap-
preciated Vaani’s work in her films,” in-
forms a source close to the development.
V
Anushka soaks in
positive energy
Samantha Ruth Prabhu
Poster of the film
Anushka Sharma
Her post...
Selena Gomez
Jennifer Aniston
Jennifer in Manish Malhotra’s lehenga
Vaani Kapoor

10
ETC
YOUR
DAY
Horoscope by
Saurabbh Sachdeva
ARIES
MAR 21 - APR 20
You care about
you lover but
somehow
hesitate in
expressing that
care. Don’t make
friends for money
and status rather
make friends
who will stick with you forever. On social
front, you may have to spend some extra
money in buying gifts for someone for
some specific occasion.
TAURUS
APR 21 - MAY 20
You love to live
close to your
family. Best
day to buy gold
and silver for
investment sake.
You are a child at
heart and never
let this child die.
You have a big
heart and you always help someone if you
can. Video gathering is possible as you
miss your social circle like anything.
GEMINI
MAY 21 - JUNE 21
You are a pro in
your field and
none can beat
you. You give
tough competi-
tion to people.
Many people
get inspired by
you. You will get
special treatment
from your dear ones. Take stand where
you need to, don’t run in the same direc-
tion where everybody else is going.
CANCER
JUNE 22 - JULY 23
Visit a doctor
if you have any
doubts about
your health. Don’t
attack stress even
if you don’t have
any. Let go of
things that are
not in your con-
trol. You want to
have your own house and you will work
hard to make your dream come true.
LEO
JULY 24 - AUGUST 23
You make sure
to make things
work your way.
Never demotivate
someone even if
someone is not
capable of doing
something. You
are most wanted
by your friends.
You can have romantic affair in office and
a serious one. You will invest money in
clothes and accessories today.
VIRGO
AUG 24 - SEP 23
Your spouse is
someone who
can do anything
for your happi-
ness. You are
opportunist and
this will make you
successful. There
may be delays
in property pos-
session and it won’t effect you. You are
happy spending whole day at home. Help
your mothers at home today.
LIBRA
SEPT 24 - OCTOBER 22
Scrumptious
food is what you
are craving for
today. You always
maintain cordial
relationship with
everyone. You
workout daily to
keep yourself fit.
You may start a
side business to earn extra money. You
are not a jealous kind and you feel happy
for others.
SCORPIO
OCT 23 - NOVEMBER 22
You will feel
amorous towards
your wife. This
is the best time
try something
new with life give
yourself a new
purpose. Work on
your limitations,
there can be no
better time than this. You have more op-
posite sex friends than the same and you
may be judged sometimes but don’t care.
SAGITTARIUS
NOV 23 - DEC 22
Spend time talking
with likeminded
people as it will
make you feel
good. Boisterous
behaviour is
what everyone
needs right now,
do whatever
you can do to
cheer everyone up. You will feel financially
comfortable and infant you are in position
to invest money in some new venture.
CAPRICORN
DEC 23 - JAN 20
You are very gen-
erous by nature
and also you are
the backbone of
your family. You
may postpone
your study plans.
You are very
fortunate to have
a great friend
circle. Be careful of the words that come
out of your mouth. Your lover may finally
say yes to get married to you.
AQUARIUS
JAN 21 - FEB 19
You need a
break from day
to tensions and
the way to cope
up with stress is
to meditate. You
must create an
environment of
understanding at
home. You will
succeed in any sort of examination if you
put your heart and soul to it. Promotion
can be expected even if other are not.
PISCES
FEB20 - MARCH 20
Your spouse
may make you
spend more than
you expected.
Fantastic day for
investing money
in stock market
as you can make
fortune. You need
help on academic
front and you should not shy away from
asking. You miss your parents a lot and
somewhere fear to loose them.
A PERSPECTIVE ON
A PERSPECTIVE ON
INTERMITTENT FASTING
INTERMITTENT FASTING
eople love dramatic
happenings in life. Psy-
chologically, the major-
ity of us do so many
things to satisfy our ego
than to get the desired
results. Managing body
weight is one such area where
people want to talk more about
losing pounds than really los-
ing them. For this, there are so
many types of diets, exercises,
supplements, tricks and what-
not. But the urban population
has more obese people than the
fit ones. Intermittent fasting is
one such fad which is being
talked about very frequently.
Recently, a number of studies
have been conducted to find its
efficacy, health benefits and
possible harmful effects.
Weight loss experts have start-
ed recommending intermittent
fasting to cut down body fat re-
sulting in weight loss. They also
claim that this lifestyle also re-
duces incidents of other chron-
ic diseases. Intermittent fasting
can be undertaken in many
ways. One method is alternate
day fasting and eating in which
for 12 hours of each day noth-
ing is consumed except water
followed by normal meals. This
hastocontinueformanyweeks.
Another method is two days of
fasting on non-consequent days
with a normal diet on the other
5 days.
One another variation is 4-12
hours eating window including
fasting of 12 hours. The person
can eat anything during that
window. One more option is
time-restricted eating. In this
method, one shouldn’t eat any-
thing for 16 hours continuously
but can have normal meals dur-
ing the residual 8 hours. There
is a circadian rhythm of the
body when things move in a cir-
cular system of activities like
sleep and awakening, hormo-
nal up and down swings etc.
Some researchers claim that
eating at odd times disrupts cir-
cadian rhythm and increases
the chances of some chronic
diseases. These diseases in-
clude type 2 diabetes, heart dis-
ease and even some cancers.
The purpose of this diet regime
is to increase nighttime fasting
as is done by a traditional Jain
family in India where no food is
taken after sunset. This is
called chrono-nutrition.
Now a ques-
tion arises
about the
s c i e n t i f i c
analysis of
inter mittent
fasting. Generally,
after 12 to 36 hours of
fasting, liver glycogen stores
get depleted resulting in
h e a l t h
beneficial
alterations
in overall met-
abolic process-
es. Intermittent
fasting has the
potential to re-
duce total choles-
terol, LDL choles-
terol, and triglycer-
ides and to increase
blood levels of HDL choles-
terol but no long-term con-
trolled studies are available.
Theoretically, it should im-
prove blood sugar control
(but not in type 1 diabetes)
by increasing insulin sen-
sitivity and decreasing
insulin resistance. A
weight loss of 3-7 per cent
is possible after 8-10 weeks
of intermittent fasting.
There is a 14 hours to 10 hours
pattern of fasting in which one
can have normal food for ten
hours after 14 hours of total
fasting. It has been seen that by
this method one can reduce
waist circumference, and body
and visceral fat resulting in bet-
ter blood glucose metabolism.
As fat loss reduces chronic in-
flammation, the chances of
breast cancer are possibly re-
duced in women. Incidents of
cancer breast in low-body
weight women are significantly
lower than in obese or compara-
tively plump women. Studies
are underway to examine the
impact on longevity and occur-
rence of Parkinson’s disease
where logically intermittent
fasting should have beneficial
effects. But is fasting the pana-
cea for so many human health
problems? Are there no nega-
tive effects of staying away
from food under pressure? Can
this be a
universal phenome-
non or there are indi-
vidual preferences and
adjustments? There is
nothing which can be abso-
lutely safe in existence. Inter-
mittent fasting has its advo-
cates and detractors. There are
many benefits but so many side
effects to having been recorded.
The common side effects are
sudden pangs of hunger, irrita-
bility, mood swings and
thoughts only about food lead-
ing to a lack of concentration.
Some people lose control over
hunger and overeat during non-
fasting periods. One more point
to be noted is that the quality of
research stating benefits has
been of low value as no random
controlled clinical trials have
been undertaken. In many stud-
ies, the trials were of very short
duration with a significant lack
of transparency on part of par-
ticipants. People tend to hide so
many things they eat and their
adherence to a strict regime of
fasting too might be dubious.
The logical and most beneficial
way to control weight is one
which everyone knows
but only a few fol-
low - low carb,
low fat and domi-
nantly vegetari-
an diet with only
lean meat and
fish for non-vege-
tarians. Mediter-
r a n e a n
diet,South
Indian and
similar diets
along with an
active lifestyle
and control of cal-
orieintakeshouldbe
enough to lead a
healthy life with a
normal body
weight.
P
DR RAMAVTAR SHARMA
cityfirst@firstindia.co.in

n the Union Budget,
Nirmala announced
attractive incentives
and rebates in the
new income tax re-
gime. The Budget kept
its focus on expanding
Capex showing that the Modi
government’s priorities are
building roads, highways and
railway lines. It is stated in
the Constitution of India in
Article 112 that it is necessary
to present a budget at the Par-
liament before the beginning
of every financial year. The
Union Budget contains details
about the projected receiva-
bles and payables of
the government for
a particular fis-
cal year. This
budget state-
ment is di-
vided into
two major
parts-capi-
tal budget
and revenue
budget. The
general ob-
jective of the
Union Budget
is to bring about
rapid and balanced
economic growth in
our country coupled
with social justice
and equality. The
Budget mainly focuses on en-
suring the efficient allocation
of resources, reducing unem-
ployment and poverty levels
and changing the tax struc-
tures according to the na-
tion’s requirements. This
year Finance Minister pre-
sented her Fifth Budget
speech which focuses primar-
ily on developing a technolo-
gy and innovation-driven,
self-sufficient economy that
will move India closer to Am-
rit Kaal, as it moves towards
its 100th year post-independ-
ence. The budget has also pro-
vided some relief to the mid-
dle class in terms of tweaks
in the new income tax regime
which clearly point out that
the government wants a shift
towards the new regime from
the older one. In regards to
the budget City First brings to
you the perspectives of the lo-
cal people from across Ra-
jasthan and Maharashtra.
Indiacloserto
Amrit Kaal
BUDGET 2023
SHUBHANSHI PATHAK
cityfirst@firstindia.co.in
I
The Budget has aimed to adhere to the traditional economic prescription by
Keynes, of spending on infrastructure to create jobs for its expanding work-
force until the economy recovers. Building roads, ports, and airports will go a
long way toward making India a dependable investment destination, and a 33%
increase in capital expenditure to 10 trillion rupees will aid the same. The budget
has also reduced social spending even while it has presented a tax bonanza for the middle
class by altering slab rates under the new tax regime. Shifting from the past track record,
this year a reduced amount of 600 billion rupees has been allotted to rural jobs guarantee
scheme. The budget in short can be described as pro-growth due to cuts in Income tax
and increase in infrastructure spending. By concentrating on Education, Sustainability
Technology, new efforts are intended to alter many things from agriculture and health care
to artificial intelligence.
—CA RAJNEESH SINGHVI, Managing Partner, H.S. Darda Co.
There’s a
sharp nudge
to taxpay-
ers to move
to the new
tax regime with relief
in terms of the stand-
ard deduction to those
opting for the new tax
regime, the government
has incentivised indi-
viduals in the middle-
income category. The
Budget is catering effec-
tively to the aspirations
of the younger gen-
eration and the needs of
the senior citizens. It’s
an incredible relief.
—PROTIM BANERJEE,
Finance Manager
at LT
It is not dif-
ferent from
the last year’s
budget, No
relief for
the common man. The
common man is feeling
cheated. There was no
talk on the issues of the
common man like educa-
tion, health, and employ-
ment. New avenues have
opened for capitalists like
coastal shipping, new air-
ports, the digital econo-
my, etc. In the budget of
Amrit Kaal, instead of the
common man, nectar is
visible for special men.
—MEENAKSHI
SETHI ZAIDI,
Madad foundation
Finance Minister Nirma-
la Sitharaman present-
ed the Union Budget
for the year 2023-24
in the Parliament. The
budget was widely awaited and
was anticipated to give a push to
the Indian economy and help it get
back in shape. The FM announced
a slew of initiatives to strengthen
the infrastructure of the country.
From roadways to railways, new
bridges, airports and seaports, the
government’s aim was to ensure
the smooth and efficient trans-
portation of goods and services
across the nation.
—RAHUL FAUJDAR,
Sub-Editor
The budget 2023-24
announced by FM
Sitharaman today looks
promising, though the
budget does not directly
address inflation as was
much anticipated by the public,
some key pointers in regard to the
export and banking sector would
prove to be pivotal for economic
growth in the near future. The
basic needs of the common man
seem yet to be taken into con-
sideration, but priority is given
to areas of green growth, youth
power, inclusive development
highlighting the vision for a much
more economically stable India.
—SOUBHAGYA SHARMA,
Sub-editor
SITHA’S HAND-WOVEN SAREES...
The maroon colour saree that Finance
Minister Nirmala Sitharaman wore while
presenting the Union Budget on Wednesday
was Karnataka’s Dharwad region’s hand-
woven ‘Ilkal’ silk saree with traditional ‘Kasuti’
work. Kasuti is a traditional form of the
folk embroidery craft, with a geographical
indication (GI) tag, said to be unique to the
Dharwad region.
ETC
www.firstindia.co.in I https://firstindia.co.in/epapers/mumbai I twitter.com/thefirstindia I facebook.com/thefirstindia I instagram.com/thefirstindia MUMBAI | THURSDAY, FEBRUARY 2, 2023
11

Masaba's heartfelt note
12
www.firstindia.co.in I www.firstindia.co.in/epapers/mumbai I twitter.com/thefirstindia facebook.com/thefirstindia I instagram.com/thefirstindia
CITY BUZZ
GET VACCINATED
STAY MASKED
WEDDING SHENANIGANS!
The grand wedding ceremony of Dr Deepak, son of Daya
Shankar Rai and Madhuri Devi with Divyanshi, daughter of
Brajesh Singh and Suman Lata, took place at Udman by
Ferns and Petals on Tuesday, January 31. Anurag Thakur,
Union Minister for IB and Youth Affairs Sports, CM Arvind
Kejriwal, Deputy CM Manish Sisodia, Sant Prasad Rai,
Managing editor ABP news, Rajat Sharma, Editor-In-Chief
and Chairman, India TV and Journalist Rubika Liyaquat
along with various other dignitaries reached to bless the
newlyweds and wish them a happy married life ahead.
MEETGREET!
Union Minister of State
for Food Processing
Industries and Jal
Shakti, Prahlad
Singh Patel was
greeted by Upendra
Rai, Chairman, MD,
and Editor-in-Chief,
Bharat Express
News Network,
as he reached the
former’s residence on
Wednesday to invite
him to the launching
ceremony of the news
channel which was
organised on Feb 1.
K
iara Advani and Sidharth
Malhotra are reportedly all
set to tie the knot on Febru-
ary 6. While the couple has
been tight-lipped about it, reports
are floating around that the IT cou-
ple of Bollywood would have a wed-
ding in one of Jaisalmer’s lavish
hotels. Now, ahead of this reported
wedding, Kiara Advani was snapped
with designer Manish Malhotra, and
we wonder if it was to finalise
and get the final fitting for the
wedding lehenga!
As most know, Sidharth and
Kiara fell in love on the sets of
Shershaah. They tried to keep their
relationship under wraps for a very
long time. It was Karan Johar
during the last season of Kof-
fee With Karan, who made
them finally spill the beans
and confess their ro-
mance.
Kiara Advani was re-
cently spotted at Man-
ish Malhotra’s resi-
dence. It is said that
the actress has de-
cided to wear a
bridal lehenga of
her close designer friend and
arrived for last minute trial
late at night on Tuesday. Videos
of her outing are viral all over the
internet.
lia Bhatt is one
of the most
sought-after ac-
tresses of her
g e n e r a t i o n ,
who has been
ruling the sil-
ver screen for some
time now.
Bhatt has managed to
create waves in her ca-
reer, with hits such as
Gangubai Kathiawadi,
RRR and Brahmastra,
all in one year. She also
debuted as a producer
in 2022 with Darlings,
and her performance in
the film was widely ap-
preciated. On the per-
sonal front, she also had
a landmark year that
included marriage with
longtime boyfriend
Ranbir Kapoor and
motherhood. The cou-
ple welcomed their
daughter Raha in No-
vember.
Alia Bhatt attended
an event with her
Kalank co-star, Varun
Dhawan, and the duo
sat for a conversation
where Alia was asked if,
like many female actors
after marriage, she too
would be focusing more
on her family than
work. Before she could
answer, her friend and
frequent co-star, Varun
Dhawan, interrupted
and said that he
strongly disagrees
with this.
The Brahmastra
actor replied, “I am a
take-each-day kind of a
person. I will take it one
day at a time and will
give my best. But defi-
nitely, priorities have
changed. My number
one priority in my life is
my daughter, who I love
deeply
. My next love, or
next to next… or my
first love is movies and
cinema and working. I
will try my best and
maybe it will be quality
over quantity, jo buri
baat nahi hai (which is
not a bad thing).
Soon after embrac-
ing motherhood, Alia
Bhatt got back to her
fitness regime, leaving
everyone stunned with
her post-partum body
transformation. In an
interview, the actress
revealed that she is in
no rush to look a cer-
tain way. Stressing the
importance of body
positivity, Alia shared
that her mantra is to
listen to her body and
not to be hard on
herself. Talking
about the same, she
said that she loves
food, she loves to eat,
but she had to lose
weight to act in films as
she needed to look
healthy and appealing.
Meanwhile, on the
professional front, Alia
Bhatt was last seen in
Ayan Mukerji's Brah-
mastra part 1: Shiva.
Up next, she is all set to
make her debut
in Holly-
w o o d
w i t h
Heart of
S t o n e .
Alia also
has Rocky
aur Rani ki
Prem Kahani
confirmed in
her pipeline.
ASHISH TIWARI
cityfirst.mumbai@firstindia.co.in
A
B
ollywood ac-
tor Hrithik
Roshan re-
cently hosted
the K-pop singer
Jackson Wang at his
home in Mumbai.
The GOT7 member
was in the country to
perform at the Lol-
lapalooza festival in
Mumbai after which
he took a trip around
the city.
Hrithik shared a se-
ries of photos of his
family with Wang.
He captioned
them, “What a de-
lightful experi-
ence meeting you
Jackson. Such a kind-
hearted rock star.
Loved hearing about
your journey, I hope
you continue to grow
both as the star and
human. Thanks for
the music and for the
love you gave my fam-
ily and home staff.”
Jackson Wang
too shared a set
of images of his
time in Mumbai.
The album features
glimpses of him per-
forming at Lollapa-
looza along with pic-
tures clicked at
Hrithik Roshan's
house. The rapper
wrote, “#MAGIC-
MAN in Lollapalooza
India 2023. Always
wanted to visit. Final-
ly…Such an amazing
experience with all of
you from the moment
at the airport to see-
ing you all at the show
to new friends to the
experience of the cul-
ture. Such an honour.
Very blessed. I hope I
get to come back more
often.”
Hrithik Roshan hosts
JACKSON WANG
M
a s a b a
Gupta, a
fashion
designer-
actor who just
wed actor Saty-
adeep Mishra,
has written
letters for her
parents, cricket
star Vivian Rich-
ards, her father, and
actress Neena Gupta,
hermother.Inthefirst
post,Masabashareda
candid photo of Neena
Gupta sitting on a chair
smiling. Masaba wrote,
The sweetest thing.
Thanks for raising me to
be a LIONESS (lion emoji)
@neena_gupta.
Masaba also posted a
photo of her stepfather
Vivek as he posed for the
camera and smiled in
the picture. The last
photo featured Vivian
Richards smiling and
posing for the lens.
She captioned the
post, The eyes
chico, they never
lie. My fierce father, a
gentle giant and
I'm so glad I got
not just your
nose but also
your shoulders
to take on the
world just like
you did and
emerge a
fighter.
Kiara’s last-minute
wedding preparations
Alia Bhatt
Kiara Advani
Masaba Gupta
Upendra Rai with Prahlad Singh Patel
Rakesh Roshan, Pinkie Roshan,
Jackson Wang and Hrithik Roshan
Rubika Liyaquat
Anurag Thakur
Manish Sisodia, Sant Prasad Rai and
Arvind Kejriwal
Rajat Sharma Harish Rawat
Gorgeous bride Divyanshi with her family members
Kiara Advani papped outside the designer’s residence
“RAHA IS MY NUMBER ONE
PRIORITY”

First India Mumbai 02022023.pdf

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