Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24

Finance Minister Nirmala Sitharaman leaves the Finance Ministry for Parliament on Wednesday morning with the Budget document. Similar to the previous year's paperless Budget, she carried a tablet wrapped in a red cloth. (Express Photo: Gajendra Yadav)

Finance Minister Nirmala Sitharaman arrives at Parliament to present the Union Budget 2023, this government's last full-fledged Budget before the Lok Sabha elections early next year, on February 1, 2023. (Express Photo: Gajendra Yadav)

Before reaching Parliament, Finance Minister Nirmala Sitharaman called on President Droupadi Murmu at the Rashtrapati Bhavan. In this picture, the President and Finance Minister are in a meeting with Ministers of State Bhagwat Kishanrao Karad and Pankaj Chaudhary and other officials. (Photo: Twitter/@rashtrapatibhvn)

Bundles of Union Budget copies for MPs at Parliament on Wednesday. Trained dogs are seen inspecting the documents. (Express Photo: Renuka Puri)

Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 in the Lok Sabha, in New Delhi, Wednesday,

Prime Minister Narendra Modi, Union Home Minister Amit Shah, Defence Minister Rajnath Singh, Congress' Sonia Gandhi among other members of Parliament are in attendance during presentation of the Budget. (Screengrab from Sansad TV)

Finance Minister Nirmala Sitharaman commenced her Budget speech by calling it "the first Budget of Amrit Kaal." In this picture, a woman can be seen watching the budget speech in a shop seling electronic goods in Kolkata. (Express Photo: Partha Paul)

Deputy Chief Minister of Maharashtra Devendra Fadnavis takes notes as he watches the Budget presentation at his official residence Sagar in Malabar Hills, Mumbai. He later said the "Union Budget can best be termed as 'Sarva Jan Hitai' as it has taken into consideration almost all core segments and sectors... It will help middle and lower middle class categories people to accomplish its aspirations." (Express Photo)

In a bid to push the new tax regime, the minister has proposed raising the rebate limit from Rs 5 lakh to Rs 7 lakh. In this picture, members of Chamber of Industrial & Commercial Undertakings watch the Union Budget in Ludhiana on Wednesday. (Express Photo: Gurmeet Singh)

A share broking firm during the Budget speech in Parliament on February 1, 2023. The benchmark Sensex at BSE touched 60,000 on Wednesday as the Budget was presented. (Express Photo: Partha Paul)

In a big relief to Covid-hit micro, small and medium enterprises (MSMEs), Nirmala Sitharaman announced that the Credit Guarantee Scheme for MSMEs will be extended with an infusion of Rs 9000 crore. Here, trade union leaders and businessmen are gathered to watch the live telecast of the Budget at Khan Market in New Delhi. (Express Photo: Prem Nath Pandey)

Senior members and business leaders of the Confederation of Indian Industry (CII) are seen engaged in an interaction during the Union Budget presentation in New Delhi. (Express Photo: Tashi Tobgyal)

People walk by a telecast of Nirmala Sitharaman presenting the Budget, inside the Bombay Stock Exchange building in Mumbai. (Express Photo: Ganesh Shirsekar)