After the customary “Halwa Ceremony,” the Finance Ministry will start printing the Union Budget for 2023 on Thursday. This week, on February 1st, Finance Minister Nirmala Sitharaman will deliver the budget. Like the last 2 years this year also the budget will be paperless and all the suggestions received from the citizens on the website.

According to the ministry, the budget for the fiscal year 2023–24 would be electronic, much like the two Union budgets that came before it. The halwa rite is equivalent to carrying on a tradition in this circumstance. Previously, a few crucial workers were imprisoned inside the ministry, where they printed the budget using the North Block printing press.

On the MyGov website, the Central Government has once again requested opinions and recommendations from the public over the 2019 Union Budget. The public has made a number of recommendations. This includes:

• Lowering income taxes
• Raising taxes on cigarettes and other dangerous products
• Paying MSMEs on time
• Bringing back the previous pension system
• Requiring the federal government to issue Aadhaar, PAN, a mobile phone, and a bank account at the moment of birth and allocating funds from the treasury to offer health insurance to taxpayers’ children up to the age of 18
• To raise the personal income tax minimal threshold to ₹ 8 Lahks yearly, as the economically disadvantaged segment falls under this threshold
• To up the corporation tax rate for businesses with annual revenues above ₹ 10 crore
• That if a person has a physical disability that ranges from 40 to 80 percent, the deduction ceiling be raised to ₹ 2,000,00, or he is excluded from paying income tax
• The government needs to exclude handicapped persons from paying back loans up to ₹ 15,00,000
• Many consumers want greater funding for rural infrastructure projects as well as for research and development across all industries