🌍 Astonishing numbers of 2022:

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1. Twitter slashed half of it workforce, while Meta slashed 13% this year. The global youth unemployment rate is projected to be 14.9 % in 2022.

2. Gautam Adani earned approx Rs1000 crore every day in 2022, while Elon Musk lost Rs 2500 crores every day in 2022.

3. World population has reached 8 billion on 15th Nov, 2022.

4. Sri Lanka’s National Consumer Price Index (NCPI) rose to a whopping 73.7 % in September from a year earlier. In Argentina, Prices in October 2022 were 88% higher than October 2021. While Turkey’s rate reached 85.51% compared with prices in October 2021.

5. European Union has adopted 15% as Global Minimum Corporate Tax. The minimum tax will apply to MNEs with revenue above EUR 750 million and is estimated to generate around USD 150 billion in additional global tax revenues annually.

6. India’s GDP at the constant price has increased 93 % from Rs 76.5 lakh crore in FY10 to Rs 147.4 lakh crore in FY22.

7. The government’s gross tax revenue to GDP ratio has improved to 17.1 % in FY22 from 8.2 % in FY10. The Central government’s tax revenue has witnessed a whopping 303% jump in the last 12 years, from Rs 6.2 lakh crore in FY10 to Rs 25.2 crore (revised estimates) in FY22.

8. Fertiliser subsidy bill in FY 23 is a huge Rs 2.3-2.5 lakh crores. It was Rs 1.62 lakh crores in FY 22. The government’s food subsidy bill is likely to cross Rs 3 lakh crore during the FY 23, nearly 50% more than the budget estimate of Rs 2lakh crore.

9. Union Minister of Road, Transport, and Highways Nitin Gadkari told the Lok Sabha that total highway construction in the country stood at 4,766 km till November-end this year, against the target to construct 12,200 km of them during 2022-2023.

10. The total currency in circulation was all-time high of Rs 32,445,745.158 mn on 9th Dec 2022 and a record low of Rs 1,273,747.200 mn on 1st Nov 1996.

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🌐 Join ➨ @Divyesh_Vaghela ✅️

✅ Important Update on CA New Syllabus 2023 by ICAI President

Must Watch the video📣
https://youtu.be/h5ReuEbrocc

✅ How to Get Certified Copy of Exam Answer Sheets under RTI Act for Low Cost :

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You can get your certified copy only at Rs.10 under RTI Act

📣 Know more about RTI
https://t.me/Divyesh_Vaghela/128

❔ Procedure to Obtain ICAI Certified Copies under RTI
https://t.me/Divyesh_Vaghela/130

✅ RTI Application Format
https://t.me/Divyesh_Vaghela/129

🔎Some Frequently asked Questions
https://t.me/Divyesh_Vaghela/132

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CA Journey of CA Yash Vaghela 🏆
(Oracle Certified Financial Consultant working at Deloitte USI)

https://www.linkedin.com/posts/cayashvaghela_ca-charteredaccountant-deloitte-activity-7021160373055594496-tso_?utm_source=share&utm_medium=member_android

Just take out 2 minute & Must read!

I’m sure you’ll love it ❤️

📈 Budget 2023 snapshots | Part 1 :

⚡️Part 2
https://t.me/Divyesh_Vaghela/222

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➡️ Finance Bill 2023
https://t.me/Divyesh_Vaghela/220

1. Per capita income at ₹1.97 lac more than double in last 5 years
2. India 5th largest economy of the world.
3. Digital payments of 126 lac crores in 2022
4. 11.7 crore toilets. 9.64 crore cylinders. 220 crore Covid doses.
5. 2.2 lac crores direct Trf to farmers
6. Huge impetus on tourism. State and centre aligned and public private partnership programmes
7. Green economy to be pushed beyond realms. Carbon footprint reduction roadmap
8. Government to support agri tech startup’s. Agricultural accelerator fund to be set up
9. Public private partnership allowed in cotton manufacturing
10. India to become global hub for millets. India is largest producer and second largest exporter of all kinds of millets.
11. Indian institute of millet research will be made international
12. Agricultural credit target to be made till 20 lac crore with support to dairy.
13. ₹2200 crores for horticulture
14. Agricultural societies, dairy and fishery societies to be set up
15. 157 new nursing colleges to be set up
16. National book trust and children book trust to be revamped. New non curriculum books in regional Languages to be added.
17. ₹6000 allocated to fisheries
18. PMPVTG to be launched. Tribal areas to be developed. Education, infra, telecom, and sustainable livelihood to be developed. ₹15000 crores
19. PMAVAS to be increased to ₹79000 crores. Increase of 66%
20. Capital investment outlay increased to ₹10 lac crores. Increase of 33%. Approx 3.3% of GDP
21. Effective Capex to be ₹13.7 lac crores. Approx 4.5% of GDP
22. 50 additional AirPort to be revived for better connectivity.
23. Railway outlay ₹2.4 lac crore. 9 times the budget of 2013-14
24. Urban development infra fund to be started. Managed by NHB
25. Septic tanks in city and towns to be changed. Manhole to machine holes
26. Jan Vishwas bill to normalise laws.
27. Centre of excellence for artificial intelligence. Three labs to be set up with private help in top institutes of the country.
28. National data governance policy to be brought out.
29. Vivad se Vishwas 2 launched. For contractual disputes. Voluntary settlement scheme.
30. E-courts phase 3 launched
31. Digi lockers to be made universally available
32. ₹7000 crores for phase 3 of e-courts
33. Lab grown diamonds to be emphasised.
34. 100 labs for 5G development
35. Focus on green growth. National green hydrogen ₹19700 crores allocation
36. ₹35000 crores in energy TRANSITION
37. Green hydrogen production to be made till 5MMT TILL 2030
38. Renewal energy allocated ₹20700 crores
39. Mangrove plantation along coastline wherever feasible.
40. 1 crore farmers to be trained for natural farming.
41. 3000 legal provisions decriminalised
42. 36 skill international setups to be made
43. Tourism made easy. Every destination to be made full package.
44. Dekho apna Desh to be launched. Swadesh Darshan launched. Domestic tourism against international tourism promoted.
45. ₹9000 fresh allocation to credit guarantee scheme
46. Data embassies at IFSC GIFT
47. Fresh IEPF only portal
48. Digital public infrastructure to get proper help
49. Mahina samman bachat Patra one time new small saving scheme for 2 years till March 2025. Deposit facility till 2 lac at fixed interest rate of 7.5%
50. Max deposit limit for senior citizen FD scheme enhanced to ₹30 lacs
51. Entire 50 year loans to state to be spent on infra Capex. Mandatorily to be spent. Scrapping old govt vehicles.
52. Fiscal deficit of states to be 3.5% of GSDP
53. 2022-23 revised estimates are 24.3 lac crores (20.9 are tax receipts)
54. Fiscal deficit at 6.4%.
55. 2023-24 incoming 27.25 lc crores and expense at 45 lac crores.
56. Fiscal deficit 2023-24 5.9%
57. Fiscal deficit target of below 4.5% by 2025-26
58. Gst paid compressed biogas to be duty free.

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📈 Section 80C/80D, Standard Deduction after #Budget2023

https://urlgeni.us/linkedin/Budget2023

🖥 Changes in GST Act | Finance Bill, 2023

Must Read 👇

https://openinapp.co/BudgetGSTChanges

✅ Budget 2023

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📍All Updates in two messages
https://t.me/Divyesh_Vaghela/221

🖊 Annual Financial Statement of Central Government 2023-24
https://t.me/Divyesh_Vaghela/229

📍Key to budget documents
https://t.me/Divyesh_Vaghela/228

📍Budget Speech
https://t.me/Divyesh_Vaghela/223

📈 Finance Bill 2023
https://t.me/Divyesh_Vaghela/220

📍Key Features of Budget
https://t.me/Divyesh_Vaghela/219

🖥 Changes in GST Act
https://t.me/Divyesh_Vaghela/227

📍Memorandum 2023
https://t.me/Divyesh_Vaghela/218

🏅 Changes in New Tax Regime
https://t.me/Divyesh_Vaghela/217


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❂➸ ℑoin CA Inter Notes ➠
t.me/Mission_CA_Inter

❂➸ ℑoin CA Final Notes ➠
t.me/Mission_CA_Final

❂➸ ℑoin CA Foundation Notes ➠
@Mission_CA_Foundation
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