{"id":52070,"date":"2023-01-31T14:07:35","date_gmt":"2023-01-31T08:37:35","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=52070"},"modified":"2023-01-31T14:07:38","modified_gmt":"2023-01-31T08:37:38","slug":"budget-expectations-2023","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/budget-expectations-2023\/","title":{"rendered":"Budget Expectations 2023 \u2013 A Complete Analysis"},"content":{"rendered":"\n<p>The Finance Budget for 2023 (Budget Expectations 2023)\nshall be presented in the parliament on 1 February 2023. The <strong>budget<\/strong><sup><a class=\"text-primary\" href=\"https:\/\/en.wikipedia.org\/wiki\/Budget\"><strong>[1]<\/strong><\/a><\/sup>\nis expected to focus on improving the funding for infrastructure, creating jobs,\nmanufacturing, rural economy, and other important sectors. It is largely\nexpected that the government shall provide tax reprieve to senior citizens and\nsalaried employees while creating job opportunities and balancing fiscal\ndeficit and capital expenditure. The government is also expected to allocate\nmore funds to farmers and agriculture in general. Different industries and\nsectors have different expectations from the budget. &nbsp;Scroll down to check Budget Expectations 2023.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/budget-expectations-2023\/#In_Agriculture_Sector_%E2%80%93_Budget_Expectations_2023\" >In Agriculture\nSector \u2013 Budget Expectations 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/budget-expectations-2023\/#Capital_Expenditure\" >Capital\nExpenditure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/budget-expectations-2023\/#Infrastructure_Development\" >Infrastructure Development<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/budget-expectations-2023\/#Manufacturing_and_Make_in_India\" >Manufacturing and\nMake in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/budget-expectations-2023\/#Tax_Benefits_%E2%80%93_Budget_Expectations_2023\" >Tax Benefits &#8211; Budget Expectations 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/budget-expectations-2023\/#Employment_and_Skill_Development_%E2%80%93_Budget_Expectations_2023\" >Employment and\nSkill Development &#8211; Budget Expectations 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/budget-expectations-2023\/#Strengthening_the_Startup_Ecosystem_%E2%80%93_Budget_Expectations_2023\" >Strengthening the Startup Ecosystem &#8211; Budget\nExpectations 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/corpbiz.io\/learning\/budget-expectations-2023\/#Strengthening_the_Fintech_Industry_%E2%80%93_Budget_Expectations_2023\" >Strengthening the Fintech Industry &#8211; Budget\nExpectations 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/corpbiz.io\/learning\/budget-expectations-2023\/#Real_Estate_Sector_%E2%80%93_Budget_Expectations_2023\" >Real Estate Sector &#8211; Budget Expectations\n2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/corpbiz.io\/learning\/budget-expectations-2023\/#Education_Sector_%E2%80%93_Budget_Expectations_2023\" >Education Sector &#8211; Budget Expectations\n2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/corpbiz.io\/learning\/budget-expectations-2023\/#In_Healthcare_Sector_%E2%80%93_Budget_Expectations_2023\" >In Healthcare Sector &#8211; Budget\nExpectations 2023<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/corpbiz.io\/learning\/budget-expectations-2023\/#Tech_Sector\" >Tech Sector<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/corpbiz.io\/learning\/budget-expectations-2023\/#Expectations_of_Women\" >Expectations of Women<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/corpbiz.io\/learning\/budget-expectations-2023\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"In_Agriculture_Sector_%E2%80%93_Budget_Expectations_2023\"><\/span>In Agriculture\nSector \u2013 Budget Expectations 2023<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As per the Budget Expectations 2023, Industry\nexperts open that the government should focus on increasing the cash assistance\nprovided to farmers under the Pradhan Mantri Kisan scheme so that farmers can\nbuy a sufficient amount of crop inputs like seeds, pesticides and fertilisers.\nThere is also a need to provide incentives to agritech startups to facilitate\nthe adoption of innovations and technologies in the agricultural sector, like\ndrones, precision farming, and artificial intelligence, among other things.\nFarmers should be able to purchase drones at subsidised rates, and the\nmanufacturers must be reimbursed the subsidy amount. Incentives and schemes to\naid farmers in adopting new crop technology shall drastically help improve\nyields and returns.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Capital_Expenditure\"><\/span>Capital\nExpenditure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Many experts believe that the budget should\nfocus on increasing capital expenditure and reviving the growth of private\nconsumption in the country. The economy of India is majorly fuelled by\nconsumption led by the middle class. Reducing direct and indirect taxes, which\nprimarily affect the middle income and lower income groups, will help increase\nthe consumption levels. An increase in capital expenditure will also help\ncreate employment and reduce systemic inefficiency.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Infrastructure_Development\"><\/span>Infrastructure Development<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Considerable allocation of funds is expected\nfor infrastructure development, with the railway, road and urban infrastructure\nbeing significant beneficiaries upcoming budget.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Manufacturing_and_Make_in_India\"><\/span>Manufacturing and\nMake in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As per the Budget Expectations 2023, Industry\nplayers are expecting the broader focus of the budget it will be to continue\npromoting local manufacturing and exports open, keeping in line with the agenda\nof Make in India. Industry experts say that the supply side is being managed\nwell, but the demand side of the supply chain needs more attention. Inflation\nhas been difficult for a large group of society, and the government should look\nat producing both direct and indirect taxes.<\/p>\n\n\n\n<p>The industry expects incentives Make in India\nto be extended to various sectors like furniture, toys, bicycle, white goods,\nand battery ecosystems, among other things, through the launch of PLI schemes.\nMany stakeholders also expect the government to facilitate the rationalisation\nof intermediates for sectors that have grown due to the PLI schemes and custom\nduty rates on finished goods. The PLI has already been rolled out by the\ngovernment in many sectors like pharma, automobile, textiles, speciality steel,\nfood products other things.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tax_Benefits_%E2%80%93_Budget_Expectations_2023\"><\/span>Tax Benefits &#8211; Budget Expectations 2023<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It is expected that the government will\nprovide some tax benefits and reprieve to the salaried employees and the middle\nclass in an economy that is trying to recover from the pandemic and trying to\nstay afloat amidst inflation and global economic slowdown. The middle class is\nlooking for some reprise in the front of personal tax with the hope that the\nbasic exemption limit gets increased to \u20b95,00,000 from \u20b92.5\nlakhs as it exists now. Moreover, people are also looking are the government to\naddress the rising issue of unemployment and inflation and to make essential\nservices and goods more affordable.<\/p>\n\n\n\n<p>In the Budget Expectations 2023 that the threshold\nfor exemption of interest from deposits made by senior citizens (fixed deposits,\nSavings Bank accounts, recurring deposit accounts) may be increased from the\nexisting \u20b950,000 to \u20b975,000 &#8211; \u20b91,00,000, which will have a lower fiscal cost.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Employment_and_Skill_Development_%E2%80%93_Budget_Expectations_2023\"><\/span>Employment and\nSkill Development &#8211; Budget Expectations 2023<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It is likely that the\ngovernment will keep focusing on promoting economic growth and creating a favourable\nbusiness environment which may also include various measures to increase the\nhiring of skilled professionals and other executives. It is also expected that\nthe budget may have policies or schemes focusing on vocational training and\nskill development to increase the number of skilled workforce in the country which shall prove\nto be beneficial during executive hiring.<\/p>\n\n\n\n<p>It may be expected that the government may\nannounce tax benefits for companies which increase the hiring of scale\nprofessionals and executives. There could also be tax incentives for companies\nconducting development and training programmes along with deductions for\nexecutive compensation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Strengthening_the_Startup_Ecosystem_%E2%80%93_Budget_Expectations_2023\"><\/span>Strengthening the Startup Ecosystem &#8211; Budget\nExpectations 2023<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It is expected that the\ngovernment shall take measures to strengthen the startup ecosystem and address\nduty issues in various sectors to promote manufacturing domestically. It is\nalso expected (Budget Expectations 2023) that the fiscal incentives shall be\nannounced under the production linked incentive scheme for more sectors. Moreover,\nthe government is also considering providing funds for various infrastructure\nproject projects which have been approved by the Network Planning Group or the\nNPG, which was constituted under the PM Gati Shakti Initiative.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Strengthening_the_Fintech_Industry_%E2%80%93_Budget_Expectations_2023\"><\/span>Strengthening the Fintech Industry &#8211; Budget\nExpectations 2023<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The expectations of the fintech industry from\nthe budget are to have more regulatory clarity with respect to acceptable\nbusiness models on the web3 platform, tax incentives and reducing restrictions\non merchant discount rates. Tax incentives are expected for businesses that aid\nthe digitisation of financial services, and tax incentives in relation to\nmergers and acquisitions which might help in consolidating an industry which is\nhighly fragmented. Tax benefits for web3 platforms might help reduce capital\ndrain and brain drain, which has been increasingly observed in non-fungible\ntokens, digital assets and the web three space. Relaxed rules around the\nmerchant discount rate or MDR are also expected as also synchronising the legal\nframework spanning across various regulatory authorities to facilitate\nefficient compliance. <\/p>\n\n\n\n<p>Tax benefits are expected for retailers,\nconsumers and Ecosystem enablers in relation to the growth of digital payments.\nMoreover, industry players are on the upcoming budget to provide support collaborations\nbetween fintech and banks to boost innovations in the fintech industry.<\/p>\n\n\n\n<p>Moreover, it is also believed that the ESOP\npolicy how to be more relaxed in order to avoid dual taxation. The government\nwas also looking into making more flexible co-lending modules for large private\nbanks and PSUs to participate on the basis of the credit underwriting modules.<\/p>\n\n\n\n<p>GST subsidy is expected for fintech players\nreaching tier 2, tier 3, and tier 4 towns using technology and successfully\nrunning microfinance programs for the unbanked segment of the society.<\/p>\n\n\n\n<p>Industry players also expect that the\npriority status granted to gold loan NBFCs be restored with respect to gold\nloans along with micro loans to micro businesses and farmers. It is also\nexpected that the government allows the securitisation of short term goal\nloans, the other requirement of the minimum holding but with the 20% minimum\nretention requirement of the book value of the loans which are being\nsecuritised or 20% cash flows arising from the assigned assets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Real_Estate_Sector_%E2%80%93_Budget_Expectations_2023\"><\/span>Real Estate Sector &#8211; Budget Expectations\n2023<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In Budget Expectations 2023, It is expected\nthat the government extends the credit linked subsidy scheme or CLSS what three\nmore years up until 20:27 in the budget in order to provide incentives to first\ntime homebuyers. The CLSS was introduced by pm Narendra Modi for the middle-income\ngroup in 2016. The CLSS has already been granted an extension till 2024.<\/p>\n\n\n\n<p>Stakeholders and the industry will be\nexpecting an increase in the percentage of house rent allowance in metro cities\nwhich the employees can claim as tax deductions which shall, in turn, offset a\nhigher cost of living in such areas. The creation of a separate section for principal\nrepayment deduction of housing loans under the Income Tax Act will make it easier\nfor taxpayers to claim reduction and also give an additional incentive to\npeople to invest in properties. Also, The government should consider raising\nthe maximum loss, which can be claimed tax deduction under house property. This\nwill allow financial relief to individuals who own many properties incurring\nlosses due to many factors like income from the rent being less than payment of\nmortgage interest or vacancy.<\/p>\n\n\n\n<p>Industry players are also looking to follow\ngovernment take measures to improve rural housing. Since the low income rural\nhousing segment, with the ticket sizes ranging between \u20b98,00,000 to 15,00,000 and the income of the borrower being\nunder \u20b93,00,000 annually is where there is an acute need for\nadequate housing. It is expected that the government provides special\nincentives to builders and customers in this area to address the supply and\ndemand mismatch, as there are limited projects catering to consumers in this\nsection.<\/p>\n\n\n\n<p>In Budget Expectations 2023, it is also\nexpected that the government revises the limits on home loan principal and\ninterest rebates under Section 80 C and Section 24 to help the consumer during\ninflation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Education_Sector_%E2%80%93_Budget_Expectations_2023\"><\/span>Education Sector &#8211; Budget Expectations\n2023<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Increased budgetary allocations towards the\nedtech sector to execute NIPUN Bharat through remote teaching models, along\nwith partnerships between private and public stakeholders, will be considered a\nwelcome step. As provided under the NEP 2020, The priority of education systems\nm word universal foundational numeracy and literacy to students are the primary\nschool level by the year 2025. However, the recent ASER report has shown a\nsharp decline in the basic arithmetic and reading skills of young students in\nprimary schools in India. To achieve the basic requirement of reading,\narithmetic and writing at the foundational level, it is expected that there\nwould be an increase in funds allocated to the NIPUN Bharat scheme.<\/p>\n\n\n\n<p>The pandemic saw education being imparted\nefficiently through remote means using smartphones and other digital devices. Increased\nfund allocation to bridge the digital divide in underserved communities can\nhelp effectively implement the NIPUN Bharat scheme using similar teaching\nmethods.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"In_Healthcare_Sector_%E2%80%93_Budget_Expectations_2023\"><\/span>In Healthcare Sector &#8211; Budget\nExpectations 2023<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Due to the adverse effects of the COVID-19\npandemic on the nation\u2019s public healthcare system, it is anticipated that public\nexpenditure on healthcare will be one of the main areas of focus in the\nupcoming budget. The budget of 2022 allocated \u20b986201\nCrore to the ministry of health and family welfare which was a considerable\nincrease of almost 16.5% from what was allocated in the year 2021. A similar rise\nis expected in the budget 2023 as the healthcare sector needs to continuously\ndevelop sustainable infrastructure and ensure having a system in place which\ncan handle the rising healthcare demands of the country.<\/p>\n\n\n\n<p>The government of India is expected to increase\nthe nation\u2019s primary healthcare structure by tapping into the private and\npublic partnership model. Moreover, measures to ensure ease of doing business\nin India and piece of GST norms increase investment in the healthcare sector to\nfacilitate long term growth in the industry. Digital healthcare, which has been\nthe focus of the Ayushman Bharat digital mission, is expected to we are located\nfunds to contribute to its growth. It is expected that by the year 2047, there\nwill be efficient digitalisation what the healthcare sector, which shall cover\nnearly the whole of India.<\/p>\n\n\n\n<p>The healthcare sector has been urging the\ngovernment to increase spending on research and development and innovation in\nthe healthcare sector adoption of new technology in budget 2023. It has also\nbeen expressed that the allocated health budget requires a hike of at least\n30-40 per cent in order to meet the needs of the healthcare industry. <\/p>\n\n\n\n<p>Owing to the steep increase and many\nlifestyle related and non communicable diseases along with the impending chance\nof resurgence of the pandemic, the focus will lie on preventive healthcare in\nthe upcoming budget with various incentives and policy frameworks put in place\nto support the healthcare sector along with investing in various technologies,\nwidening accessibility, increasing patient safety and the number of skilled\nmedical professionals in India. Many medical experts have opined there are high\nexpectations for the allocation of funds to standardise the diagnostic industry\nacross the country.<\/p>\n\n\n\n<p>Indian Medical Association has proposed to\nthe government that deficit funding is the prominent reason for the lack of\npenetration of the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana. It is also\nsuggested that the funds for AB-PMJAY should be exclusively used for the\nprivate sector to create a retainer system and for strategic purchases and not\nto fill the critical gaps in the government hospital funding.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tech_Sector\"><\/span>Tech Sector<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The industry experts an increase in strategic\ninvestment and boosting tech companies that play a significant role in\nstrengthening significant campaigns of government. Industry players expect the\ngovernment to allocate more funds to promote research and development,\nrationalise taxes, and provide incentives turn increase manufacturing which is\nin line with the vision of the Make in India campaign. Another essential factor\nwhich the upcoming budget should address is cost management in the logistics\nindustry, which is currently at 14% of GDP, and the reduction expected is 8 to\n10%. Moreover, a reduction in corporate taxes will eat Indian tech companies to\nexpand their business in the global market.<\/p>\n\n\n\n<p>It is also expected that there will be a\ngreater allocation of funds to technology and artificial intelligence for\nvarious solutions like face recognition best ticket systems, GPS based toll\nsystems, and automated highway management, among other things.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Expectations_of_Women\"><\/span>Expectations of Women<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To fuel women&#8217;s empowerment further, it can\nbe expected that the government may increase the number of schemes which shall\nbe funded under the gender budget or increase the monetary cap in the existing\nwomen centric schemes, provide subsidies for tax relief to women entrepreneurs,\nspecial reservations in <strong><a class=\"text-primary\" href=\"https:\/\/corpbiz.io\/startup-india-registration\">startup<\/a><\/strong>\nschemes, rise in the amount of pension plan or coverage for women among other\nthings.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The budget of finance for the year 2023 shall be presented in the parliament on 1 February 2023. The government is expected to focus largely on job creation, agriculture, manufacturing, infrastructure, and tax benefits to senior citizens and salaried employees.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read Our Article<\/b>: <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/budget-2022-23-major-highlights-and-key-announcements\/\">Budget 2022-23: Major Highlights And Key Announcements<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Finance Budget for 2023 (Budget Expectations 2023) shall be presented in the parliament on 1 February 2023. The budget[1] is expected to focus on improving the funding for infrastructure, creating jobs, manufacturing, rural economy, and other important sectors. It is largely expected that the government shall provide tax reprieve to senior citizens and salaried [&hellip;]<\/p>\n","protected":false},"author":47,"featured_media":52074,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[153],"tags":[3039],"acf":{"service_id":"220"},"authorName":"Sherin Jose","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/11\/MicrosoftTeams-image-4-e1668575330329.jpg","authorDescription":"Sherin has degrees in Law and English Literature from the University of Delhi. She is adept at legal research and writing and enjoys discussing and analysing important legal developments. Her primary interests lie in Corporate, FinTech and IPR Law and she is always on the lookout for exploring new developments in the area. She is an avid reader who loves classics and contemporary fiction. She likes to travel, bake and obsess over cat videos in her free time.","postViews":2294,"readingTime":9,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/52070"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/47"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=52070"}],"version-history":[{"count":3,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/52070\/revisions"}],"predecessor-version":[{"id":52073,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/52070\/revisions\/52073"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/52074"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=52070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=52070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=52070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}