B-day: Industry Plays Happy Tunes

The Union Budget of India for the year 2023 was well-received by businessmen across different sectors. The biggest highlight of the budget was the increase in the income tax exemption limit to Rs. 7 lakh, which will be very beneficial for employees and staff working in private enterprises and owners of small businesses. Other announcements included the reduction of bank interest by 1 for micro small and medium enterprises, the major focus of this budget, and the allocation of funds for vehicle scrapping policy...