budget analysis

1. BUDGET ANALYSIS

2. Six Pillars of Economy
• Pillar 1 : MBFI: (Money, Banking, Finance and Insurance)
• Pillar 2: Public Finance: (Budget, Taxation, Subsidies, Disinvestment &
Deficit)
• Pillar 3: Sectors of Economy: (Agri, Mfg., Services, Ease of Doing
Business, Quality Control etc.) that results into Macroeconomic factors like
GDP, Unemployment, Inflation)
• Pillar 4: International Trade: FDI, Current Account Deficit, Exchange
Rate, Balance of payment, International Organizations (IMF, WTO,
ASEAN, BRICS)
• Pillar 5: Infrastructure: Electricity, Water and Road( BiPaSa), Urban &
Rural Development , Communication, PPP( Public, Private Partnership),
Energy – Green Hydrogen
• Pillar 6: HRD: Health, Education, Poverty, Weaker Section Welfare etc.

3. GDP
• GDP measures the monetary value of final
goods and services—that is, those that are
bought by the final user—produced in a
country in a given period of time (say a
quarter or a year). It counts all of the output
generated within the borders of a country.
Agriculture: Rs. 20 lakh Crore with focus on animal husbandry, dairy and fisheries.
Manufacturing: Reduction in custom duties for inputs for: mobile phones, television
panels, and Lithium batteries to boost local manufacturing .

4. Capital Expenditure
• The Capital Expenditure (Capex) of Rs.7.5
lakh crore is allocated in FY 23 and more
than 60 percent of that had been spent till
December end was another growth driver
of the Indian economy in the current year.
• Railway : 2.4 Lakh Crore
• NHAI : 1.62 Lakh Crore
• Urban Infra Development: 10000 Crore
( Tier2 and tier-3 cities)
• Power Sector: 12000 crore
• Jal Jeevan Mission : 70,000 crore

5. Social Welfare
Health:
• 157 nursing College to be
established
• Sickle Cell Anemia
elimination
• Research in
Pharmaceuticals
• PPP model in Medical
Research
Education:
• Teachers training via
District Institutes of
Education and Training
• National Digital Library
Setup
• Libraries are to be
established at Panchayat
Level
• Empowering youth thru
Pradhan Mantri Kaushal
Vikas Yojana: Training in
AI, 3D printing, Robotics,
Mechatronics, drones etc.
Social Activities:
• 9 Cr. Drinking water
connection
• 11.7 Cr. Toilet construction
• 9.6 Cr. LPG connection
under Ujjawla
• Water for Drought Prone
Region of Karnataka

6. Taxation
Rs. 8 Lakh Old Regime New Regime
Taxable Income 800000 800000
Standard Deduction 50000 50000
Deduction Claimed 250000 0
Net Taxable Income 500000 750000
Tax 0 31200
Income Tax Rate
0-3 NIL
3-6 lakh 5%
6-9 lakh 10%
9-12 lakh 15%
12-15 lakh 20%
Above 15 lakh 30%