Jamshedpur, Feb 14: The major announcements made during Amrit Kaal Budget 2023-24 was discussed in detail among professional students at Netaji Subhash University Jamshedpur.
On the occasion, Chief Guest Dr. Prabhat Kumar Pani, Finance Officer, Kolhan University, Keynote Speaker Manav Kedia, General Secretary, Singhbhum Chamber of Commerce and Industry, Special Guest Former Senate and Syndicate Member of Kolhan University, Amitabh Senapati, Netaji Subhash University Vice Chancellor Prof.(Dr.) Acharya Rishi Ranjan, Registrar Nagendra Singh, Dean Academics Pro. Dilip Shome, Dean Administration Prof.J Rajesh, young entrepreneur Amit Agarwal and educationist Vikas Kumar Singh jointly lit the lamp.
On this occasion, Chief Guest Dr. PK Pani while addressing the present students said that there has been no change in the old slab under the old rule in the budget of Amrit Kaal. But under the new rule, the rates of new slabs have changed, in which 6 slabs have been changed from 7 slabs. And Standard Deduction ₹ 50,000 is exempted on income related to salary. And there will be no tax on income up to ₹ 7 lakh. But if the income is more than seven lakhs, no tax will be charged up to ₹ 3 lakhs, 5 percent from 3 to 6 lakhs, 10 percent from 6 to 9 lakhs, 15 percent from 9 to 12 lakhs, 20% from 12 to 15 lakhs and 15 percent from 12 to 15 lakhs. 30% tax will be levied on income above Rs.
Surcharge has been reduced from 37 per cent to 25 per cent for income above Rs 5 crore.
Digital education has been promoted in this budget for the youth, under this, special attention was paid to artificial intelligence, decoding etc. and digital literacy system was promoted for children.
Keynote speaker Manav Kedia, General Secretary of Singhbhum Chamber of Commerce, explaining the nuances of the budget, said that this budget of Amrit Kaal is a wonderful budget. He said that today India is moving towards progress. Today India is at the forefront of the world in the use of UPI payments. Kedia said that under the leadership of Modi ji, the central government has also taken special care of agriculture in this budget. The government has made a provision of Rs 20 lakh crore to promote this sector. The government’s decision to reduce the use of chemicals and promote organic farming in the budget is also commendable.
Special guest, Senate and Syndicate member of Kolhan University, Amitabh Senapati said that under the leadership of Prime Minister of India, Narendra Modi, Finance Minister Smt. In 2016, India will achieve the target of becoming a $7 trillion economy by running not on the highway of economic development but on the expressway. He said that the budget of Pradhan Mantri Awas Yojana for the poor and deprived has now been increased by 66% as compared to earlier. For the industry, the government has decided to provide loans to the MSME sector without collateral security, which is welcome.