#ExpertsOnUnionBudget: NB's Exclusive picks for takeaways from major sectors

Finance Minister Nirmala Sitharaman presented the Union Budget 2023-24 on Feb 1. May it be a housewife or an entrepreneur, every one has their own interests in the budget as per their profession and area of work. That is exactly why, News Bharati has presented exclusive insights of Union Budget 2023-24 of prominent sectors by prominent faces of the fields.

 

 

 

 

 

Despite of the professional background, the entire country had glued their eyes at the Budget session on 1st Feb until the end just for one thing; the tax regime, which for this year's budget was filed with surprises. However, whatever announcements Finance Minister Sitharaman made in the session regarding taxation need to be processed well, in order for effective implementation. Here are Ranjit Natu's takeaways mainly regarding the new tax regime presented in the Budget.

 

 

 

 

 

Ranjit Natu is a practising Chartered Accountant and Partner in Taxation & Outsourcing in Natu & Pathak Chartered Accountants. He is also the independent Director of PNG & Sons Limited, Golden Sparrow Finance & Treasury Pvt. Ltd., as well as Penosh Transport Pvt. Ltd. and Penosh Finance Pvt. Ltd. A member of the ICAI since 2003, he has been awarded critical responsibility including appointment by the Maharashtra Government for financial investigation in the Telgi Fake Stamp Paper Scam case as a part of the Special Investigation Team (SIT).

 

 

 

 

 

 

Finance Minister Nirmala Sitharaman announced hiking the capital expenditure by 33 per cent to Rs 10 lakh crore for infrastructure development for 2023-24 which will be at 3.3 percent of the GDP. About it, Mr. Jagdish Kadam, CMD, Rajpath Infracon said, "For such a huge amount to invest into infrastructure development there are some challenges, challenges of land acquisition, encroachments, forest clearance, the environment clearance, so the government will have to accelerate on these fronts also."

 

 

 

 

 

Jagdish Kadam is the CMD of Raj Path Infracon Pvt. Ltd, a Pune based leading company in Infrastructure business. A few of their several projects across India include civil infrastructure development works and State and National highway projects. Other projects include construction of Dams, Barrages, Canals, Tunnels, and Bridges. In June 2022 Raj Path Infracon registered a NEW Guinness World record for laying Bituminous Concrete single lane road of 75 plus kms i.e., 42.200 km double lane in 105 hours & 33 mins in Maharashtra.

 

 

 

Union Minister for Education Dharmendra Pradhan has lauded the Union Budget 2023-24 as being inclusive, people-centric and growth-stimulating Budget. The Minister highlighted that Ministry of Education has been allocated Rs 112899.47 crore. This is the highest allocation ever to the Education Ministry. The budgetary allocation witnessed the jump of 13% (over revised estimates) which is 13,018.34 cr from FY 2022-23, he added. Adv. SK Jain has thus shared his insights on the Education budget.

 

 

 

 

 

Advocate Sohanlal Kundalmalji Jain is the Chairman of Shikshan Prasarak Mandali (SPM). Founded in 1888, Shikshana Prasaraka Mandali is one of the pioneers of educational societies in Maharashtra.

 

 

 

 

 

 

Among the Saptarishis that the Finance Minister presented during the Budget session, 'Youth power' remained the number 6 priority of the plan. Thus, Budget 2023-24's youth, start up and Skilling India related segment remains an important aspect that needs to be explored to the fullest. In order to understand the synopsis of this particular segment, we have Rajendra Hiremath sharing his insights about the same;

 

 

 

 

 

Dr. Rajendra Hiremath is the Chairman of Janaseva Sahakari Bank Ltd., Hadapsar, Pune. Besides, his is a big name associated for guidance and consultancy regarding start up plans and Skilling India among youth.

 

 

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