West Bengal Budget 2023-24 Highlights: Mamata Govt Announces 3% DA Hike, Extension of Stamp Duty Rebate Till Sept 30

Mamata Banerjee govt's Budget this time may introduce certain measures to support new businesses and the manufacturing industry, reports say.

Kolkata/New Delhi: The West Bengal state budget for the fiscal year 2023–24 was presented in the State assembly by Chandrima  Bhattacharya, the state minister of finance (independent charge) for West Bengal.

The CM Mamata Banerjee led West Bengal government presented a Rs 3.39-lakh crore Bengal budget for 2023-24. Among the several big ticket announcements, the budget speech this time suggested measures to support start-ups, manufacturing industry and rural connectivity. 

The Biggest takeaway of the West Bengal Budget however was announcement of hike in DA to 3 percent and West Bengal government's extension of stamp duty rebate till 30 September 2023.

Bengal FM Chandrima Bhattacharya announced Rs 350-cr startup fund to extend up to Rs 5 lakh each to young entrepreneurs. She added that Bengal's SGDP is projected to grow at 8.4 percent, industry at 7.8 per cent in 2022-23 fiscal.

The FM added that agricultural income tax on tea gardens for 2023-24 and 2024-25 will be waived. In order to boost last mile connectivity, FM Bhattacharya announced that 12,500-km of rural roads to be constructed at a cost of Rs 3,000 crore.

Stay Tuned for Live Updates on West Bengal Budget 2023

15 February 2023

16:08 PM

That's that. Thanks for staying with us on the live coverage of West Bengal Budget 2023-24

15:30 PM

West Bengal Budget 2023-24 LIVE Updates: Agitators Not Happy with 3% DA Hike

The agitators have said that they are not happy with the DA increase. The protest will continue, said the agitators.

14:47 PM

West Bengal Budget 2023-24 LIVE Updates: Rs 350-cr Startup Fund 

Rs 350-cr startup fund to extend up to Rs 5 lakh each to young entrepreneurs, said Bengal FM Chandrima Bhattacharya 

14:46 PM

West Bengal Budget 2023-24 LIVE Updates: Rs 3000 crore allocated for road construction 

12,500-km of rural roads to be constructed at a cost of Rs 3,000 crore. Rs 3000 crore allocated for road construction and maintenance in the 'Rasta Shree' project said Bengal FM Chandrima Bhattacharya in budget announcement

14:46 PM

West Bengal Budget 2023-24 LIVE Updates: Agricultural Income Tax on Tea Gardens to be Waived

Agricultural income tax on tea gardens for 2023-24 and 2024-25 to be waived, said Bengal FM Chandrima Bhattacharya 

14:40 PM

West Bengal Budget 2023-24 LIVE Updates: Mamata Banerjee Govt Announces 3 % DA Hike for State Government Employees, Retirees

State Finance Minister Chandrima Bhattacharya has announced that Mamata Banerjee Govt will give additional 3 percent DA for State Government Employees, Retirees. The 3 percent DA will be implemented from March

14:36 PM

West Bengal Budget 2023-24 LIVE Updates: 1.88 Crore Women to be Included in Lakshmi Bhandar Project

After crossing 60 years, they will get old age allowance, says Finance Minister Chandrima Bhattacharya 

14:36 PM

West Bengal Budget 2023-24 LIVE Updates: 1.88 Crore Women to be Included in Lakshmi Bhandar Project

1.88 crore women will be included in Lakshmi Bhandar project, says Finance Minister Chandrima Bhattacharya 

14:31 PM

West Bengal Budget 2023-24 LIVE Updates: Stamp Duty Rebate For Home Buyers Extended till 30 September, says FM Chandrima Bhattacharya 

West Bengal government had announced extension of stamp duty rebate till March 2023. This rebate will now be further extended till 30 September 2023

14:22 PM

West Bengal Budget 2023-24 LIVE Updates: Bengal Economic Growth will be 8.41%, Says State FM

We are top in the country in in terms of Lending to self-reliant groups, Lending to self-sufficient groups

14:13 PM

West Bengal Budget 2023-24 LIVE Updates: Bengal Economic Growth will be 8.41%

Economic growth in Bengal will be 8.41 percent, the state government is optimistic, says Bengal FM Chandrima Bhattacharya

14:10 PM

West Bengal Budget 2023-24 LIVE Updates: Bengal govt's aim is to stand by the common man

State Government's Lakshmir Bhandar, Swasthya Sathi, etc. projects have been praised all over the world, says Bengal FM Chandrima Bhattacharya

14:10 PM

West Bengal Budget 2023-24 LIVE Updates: Bengal Govt Extended Stamp Duty Rebate Till March 2023

West Bengal government decided extension of stamp duty rebate till March 2023 to help people cope with the impact of Covid

13:59 PM

West Bengal Budget 2023-24 LIVE Updates: Budget to be Presented Shortly

LoP Suvendu Adhikari has said that he has declined the invitation to join the Committee Meeting for appointing the State Chief Information Commissioner

I have declined the invitation to join the Committee Meeting for appointing the State Chief Information Commissioner, as because the advertising guidelines for inviting applications have been violated, reducing it to a farcical process to approve an already pre-decided Candidate. pic.twitter.com/CAEqFDZgGf

— Suvendu Adhikari (@SuvenduWB) February 15, 2023

13:42 PM

West Bengal Budget 2023-24 LIVE Updates: Mamata Banerjee Govt May Introduce measures to support Manufacturing Industry

Finance Minister Chandrima Bhattacharya's budget speech this time may introduce certain measures to support new businesses and the manufacturing industry

13:35 PM

West Bengal Budget 2023-24 LIVE Updates: Bengal FM Chandrima Bhattacharya to Present Budget Shortly

Finance Minister Chandrima Bhattacharya will present the budget at 2pm

12:02 PM

West Bengal Budget 2023-24 LIVE Updates: Cabinet Meeting at CM Mamata Banerjee's Residence

Before the presentation of the budget, the budget will be passed in the cabinet meeting at Chief Minister Mamata 's residence at 1 pm today

11:04 AM

West Bengal Budget 2023-24 LIVE Updates: Amit Mitra's Budget Inpus

As per media reports Amit Mitra, former finance minister of the state and chairman of the Financial Advisory Committee, has given inputs on the budget

09:55 AM

West Bengal Budget 2023-24 LIVE Updates: CM Mamata Banerjee  apologises on LoP’s behalf

However, Chief Minister Mamata Banerjee apologised on his behalf, preventing him from being suspended

08:45 AM

West Bengal Budget 2023-24 LIVE Updates: LoP Suvendu Adhikari stages walkout from Bengal Assembly

Suvendu Adhikari, the leader of the opposition in the West Bengal Assembly, staged a walkout from the House after criticising the Speaker yesterday (Monday)

08:14 AM

West Bengal Budget 2023-24 LIVE Updates: Announcements Regarding Employment

Chief Minister Mamata Banerjee led Trinamool Government in West Bengal may make some remarkable announcements regarding employment in this budget, reports say

07:31 AM

On the first day of the budget session last year, there was a dramatic confrontation between the then-Governor Jagdeep Dhankhar and BJP MLAs, which forced him to just finish his address and leave the house

18:55 PM

 West Bengal Budget 2023-24 LIVE UPDATES: Land Acquisition Policy

"The state government's altered land policy—in which it reversed its previously stated stance that there should be no state involvement in land acquisition for industry—is essential for the industrial sector," said economist PK Mukhopadhyay.

18:50 PM

West Bengal Budget 2023-24 LIVE UPDATES: Will Mamata Banerjee Govt Announce a Pro-Poor, Pro-Youth Budget?

It is past time to shift the emphasis to luring large-scale investment into both the manufacturing and service sectors, said  PK Mukhopadhyay. 

18:35 PM

West Bengal Budget 2023-24 LIVE UPDATES: Will Mamata Banerjee Govt Announce a Pro-Poor, Pro-Youth Budget?

According to economist PK Mukhopadhyay, while supporting new businesses will be a commendable move on the part of the state government.

18:33 PM

West Bengal Budget 2023-24 LIVE UPDATES: Will Mamata Banerjee Govt Announce a Pro-Poor, Pro-Youth Budget?

 The price of alcohol had been revised upward in January of this year, according to a senior finance department official who wished to remain unnamed.

17:13 PM

West Bengal Budget 2023-24 LIVE UPDATES: Will Mamata Banerjee Govt Announce a Pro-Poor, Pro-Youth Budget?

we can now definitely establish a significantly higher state excise income collection in the budget forecasts for the financial year 2023–24, according to a senior finance department official who wished to remain unnamed.