Memorandum Explaining the Provisions in the Finance Bill 2023
Key Points FY-2024 fiscal deficit target at 5.9% of GDPOutlay for capital spending increased 33% to 10 trillion rupees in 2023/24Cigarettes to get costlier as Budget proposes 16% hike in dutyTo set up agriculture accelerator fundIncreases budget allocations to 790 billion rupees for affordable housing in 2023/24Finance Minister says increase in public capex key to crowding in private investmentsIndian economy has become the fifth-largest economy in the world in last nine yearsBudget adopts seven priorities including inclusive, green growthAgricultural credit target raised to 20 trillion rupees ($244.42 billion) for 2023/24Sitharaman…