The govt in Budget 2020-21 brought an optional income tax regime, under which individuals and Hindu Undivided Families (HUFs) were to be taxed at lower rates if they did not avail specified exemptions and deductions, like house rent allowance (HRA), interest on the home loan, investments made under Section 80C, 80D and 80CCD. Under this, total income up to Rs 2.5 lakh will be tax-exempt.

The meeting will be co-chaired by Commerce and Industry Minister Piyush Goyal and US Trade Representative Katherine Tai.

Union Budget 2023: India is at a very unique advantage today, with high internet and smartphone penetration, bottom heavy pyramid in terms of the age of the population, and also large absolute numbers. At the same time, we do have problems that we need to focus in the education system to improve it.

The ministry has constructed 4,766 km of National Highways up to November 2022-23 compared to 5,1.18 km constructed till November 2021-22. The award figure is 5,382 km till November 2022-23 compared to 5,578 km a year ago. The ministry has constructed 10,237 kilometres in 2019-20, 13,327 kilometres in 2020-21 and 10,457 kilometres in 2021-22.

According to the statement from Ashoka Buildcon, the company will develop distribution infrastructure at Aligarh-2 Zone, which is the electricity distribution circle of Etah and Kasganj of Uttar Pradesh and also will also develop distribution infrastructure at Agra-1 Zone which is the electricity distribution circle of Fatehabad, Mainpuri, Firozabad and Firozabad of Uttar Pradesh.

Union Commerce and Industry Minister Piyush Goyal on Saturday expressed confidence that the structural reforms taken by the government in the last 8 years will help India emerge among the top three developed economies in the world.

"2023 will be a year of rapid disinflation. Inflation returns to the comfort zone for 90 per cent of the region by mid-2023, allowing central banks to pause tightening in 1Q23 (January-March). Winning the inflation battle means Asia's domestic demand will be protected, allowing growth to outperform," Morgan Stanley said.

The economic relationship between the two countries can be gauged from the fact that Indian companies, including the Tata Group and individual IT firms, are providing around 80,000 jobs in London alone, he said. Even during the fierce COVID-19 outbreak, Indian companies have increased their businesses across the world, which is an indicator of the country's economic progress, Agrawal added.