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HIGHLIGHTS OF THE UNION BUDGET 2023-24 (1 FEB 2023)
The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament today. The highlights of the Budget are as follows:
- Seven priorities of the budget ‘Saptarishi’ are inclusive development, reaching the last mile, infrastructure and investment, unleashing the potential, green growth, youth power and financial sector.
- Atmanirbhar Clean Plant Program with an outlay of ₹2200 crore to be launched to boost the availability of disease-free, quality planting material for high-value horticultural crops.
- The outlay for PM Awas Yojana is being enhanced by 66% to over Rs. 79,000 crores.
- Pradhan Mantri Kaushal Vikas Yojana 4.0, to be launched to skill lakhs of youth within the next three years covering new age courses for Industry 4.0 like coding, AI, robotics, mechatronics, IOT, 3D printing, drones, and soft skills.
- Sickle Cell Anaemia elimination mission to be launched.
- National Data Governance Policy to be brought out to unleash innovation and research by start-ups and academia.
- Rebate limit of Personal Income Tax to be increased to Rs. 7 lahks from the current Rs. 5 lahks in the new tax regime. Thus, persons in the new tax regime, with income up to Rs. 7 lahks to not pay any tax.
- Tax structure in new personal income tax regime, introduced in 2020 with six income slabs, to change by reducing the number of slabs to five and increasing the tax exemption limit to Rs. 3 lahks.
Facebook to Indian Supreme Court: If WhatsApp users want privacy, they should not have Facebook account (1 FEB 2023)
During a hearing in the Indian Supreme Court, senior lawyer Kapil Sibal told the court that only some data of WhatsApp users is shared with Facebook and if users want absolute privacy, they should ideally use WhatsApp without having an account on Facebook.
WhatsApp, which was bought by Facebook in 2014, had until 2016 kept the data of WhatsApp users separate from that of Facebook users. But in 2016, WhatsApp and Facebook changed their privacy policy so that meta-data (details like phone number of users) could be shared between the two apps.
NEWS REPORT : Facebook to Indian Supreme Court: If WhatsApp users want privacy, they should not have Facebook account (msn.com)
MADRAS HIGH COURT
Madras High Court bans unauthorised, illegal fake websites of major temples (1 FEB 2023)
The direction came on a petition seeking to block websites operating in the names of major temples in Tamil Nadu and action against the operators of those websites.
The petition, filed by Subramanian and Markandan, read, "Many people start fake websites in the name of important temples including Chennai Kapaleeswarar Temple, Madurai Meenakshi Amman Temple, Thanjai Periya Temple, Palani Murugan Temple, Srirangam Aranganathar Temple. Devottess give money thinking that the website belongs to the temple and therefore such websites should be blocked."
NEWS AT GLANCE
- India’s economic growth for current financial year pegged at 7 per cent.
- Capital investment outlay to be increased by 33 percent to 10 lakh crore rupees; effective Capital Expenditure is budgeted at 13.7 lakh crore rupees.
- GST collection in January touches over one lakh fifty thousand crore rupees.
- First G20 Education working group meeting to begin in Chennai today.
- National Security Advisor Ajit Doval launches US-India Initiative on Critical and Emerging Technologies with his US counterpart, in Washington.
WORD OF THE DAY
Assignatus utitur jure auctoris – An assignee is clothed with rights of his assignor.
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