right, starting with an important storey this evening, Adani Group has called offer. It's follow on public offer. In fact, the FBI has been called off. A day after it was fully subscribed, the FPO was called off considering the market volatility. That's what the Adani group has said the Arani Enterprises all set to refund the FBO money to investors that quickly go across to my colleague Creon. She who is joining us with more details on this prion. She now there was, in fact, a lot of chatter around this FPO. And now, finally, Dani Group, in fact, has come out and said that they are going to turn the money they are going to, in fact refund the money to the investors and have also called off the What does this absolutely yank it as you mentioned that there was a lot of chatter around the A few because it came at a time When are the Hindenburg Research Group has released a report alleging serious stock manipulation in the Adani group, which, of course, the Adani group had refuted. So the A few really came at that interesting time and the date get fully subscribed despite those allegations and despite that entire controversy, but now the follow on public offer has been called off. Remember, this follow on public offer was a now by the Adani group and in fact it was India's biggest ever at ₹20,000 crore. And it was supposed to help the Adani group with their debt payments and also with their expansion plans. But now that has been called off, meaning the ₹20,000 crore that the Adani group received from investors from retail investors, institutional investors. All of that will now be refunded. Now, why has this really, really been done? The Adani group says that we have done this to protect our investors, intra sent to protect our investors from potential financial losses. They say that market volatility has been unprecedented today in the trading session. Markets have been really volatile for the past few days after, of course, now that Hindenburg report came out, we saw that the markets have been volatile for the Irani stocks, and they say that because of that market volatility and the stocks are performance recently, we don't want our investors to face any financial loss. That's why we called on we've called off the follow on public of what's really a follow on public offer. For somebody who might be new to this are these are additional shares that are issued. It's different from an IPO. So if our investors would have got in these shares and if the shares would've tanked further than that could have led to further financial losses for the investors. So that's why the Adani group says that this is it's not morally correct to go ahead with the war at a time when the market volatility continues. Let's just tell you how bad the market situation was for the Adani stocks today. At the Irani Enterprises stopped the Irani ports and energy stocks all tanked today. The seven stocks that were mentioned in the Hindenburg report all of them attacked this in this trading session. As you can see on your screen, Adani enterprises lost 26% of its value. Adani ports lost 17% Adani total gas was down 10%. Adani Green Energy was down 5.2% power was down 5%. So was Wilmar and Adani. Transmission was down 50.8% as well. So Adani, our stocks had really a lost billions of their valuation for the last few zar trading sessions. In fact, they lost 92 billion of their valuation. So it's amid all of that market volatility that the fall on public public offer has been called off. The money will be refunded to all those who have invested right and as we plan, she was telling us. In fact, Adani Group has said that this is not morally correct at this moment. To go on with the PO, thank you for joining us, just to describe, you know, complete disclosure. As far as the Irani Group is concerned, any TV is a subsidiary of the Atari group or writer. Now, in fact, moving on to the big budget that was presented by Deborah Seetharaman, the finance minister. Today, as soon as the budget got over, while the government, the prime minister and the ministers in the Union government the treasury benches hailed the budget for poor for the middle class, they said that there is something for everyone. Meanwhile, the opposition took on the Modi government and said that this budget has done nothing as far as unemployment is concerned, and of course with the spending cuts in Rageh. They also called it anti poor Madani Evita Montri See Matti Union Finance Minister Nirmala Sith are a man presenting her fifth budget, the last full budget of the BJP government before the 2020 for general elections. While the ruling party described the budget as a foundation for building a developed India, the opposition call it a budget for elections. Lacking any vision, Hamrick call Collier Pal a budget exceed cave Virat much buh name aspirational society gone Gary Submit Living Gandhi back in Parliament after his Bharat Joe Ya Tra tweeted to say the government has no real road map for the future. At a press conference earlier, the Congress had hit out at the government, saying the budget showed how far the government was removed from real issues. The F M is not mentioned the words unemployment, poverty in equality or equity anywhere in her speech. Mercifully, she has mentioned the word poor twice in her speech. Besides the Congress, other opposition leaders to have criticised the budget. A the um irrational Moesha collegial provide key car decal measure was River Colony, Chaya Arabic Community so far have seen it in the last nine years. Wherever they announced the airport, they will only announce it in a poll bound state. They will either announced it in a BJP government state. Forget about airport that that they have announced that there want to give 10 lakh crore for the infrastructure. Right? Where? Which infrastructure are you talking about? But the BJP called the budget a visionary one. Party president J. P. Nada, said it would empower the poor and clash. Showbiz Local Akari Yeah, Gone, Gharib Kisen. Oh, add Iwas know doll itto pitch, you know, social tow one Cheeto Arctic groups or section with Arvind Gonna Shekhar Bureau report in the TV. Meanwhile, the big highlight off the budget 2023 was the central government's much awaited announcement on increasing the income tax level two, in fact, that the government has changed attacks labs in the new tax scheme and the government has now made ₹7 lakh per annum. If you have, if you're making that kind of for money, then from it has been increased from 5 to 7 lock. There is no income tax on it, but there is a carrier. The changes only for those who choose the new taxes, not compelling anybody. Those who want to remain in old can still remain. Therefore, enough justifications that they can have, but the new one obviously will be is now attractive because it gives greater rebate. It also provides for a simplified and smaller slabs, a smaller, lower rates of taxation and also slaps which nine broken down this budget. The government says it's providing major income tax relief to the major class while making a big push for the new tax regime. Left Trying to understand what this means for an ordinary salaried person, take a look at the difference between the old and the new tax regime. The big difference is that under the old one, there were several deductions and exemptions allowed, for instance, provident fund insurance premiums for rents and so on. Most of these are now not allowed in the new tax regime. The new tax regime has a top most tax rate of 30% prescribed above a salary of 15 lakhs, poor and um, and not 10 lakhs per annum. As in the old regime, ministers have described today's changes to the new tax regime as a bonanza for the middle class. So let's break this down into how much extra cash this means to your wallet storage. Now we show you just how much extra cash there could be in your wallet if you see it from the existing new tax regime to the one with the relief proposed for the next financial year, beginning April. If you're in the seven lock and above income tax bracket annually, you now safe 33,000 ₹800 annually. If you're in the 10 lakh and above income tax bracket annually, you now safe ₹23,400. And if you're in the 50 lock and above income tax bracket, you now say ₹54,600. And it's not just that. If you're in the six crore and above racket annually, you now save almost ₹21 lakh per year. Tax experts believe. For those wanting to claim all benefits, perhaps the old regime will work better. But for those wanting to be free for choice as to well issued invest, the new regime may offer them the freedom to invest where they want to. It is the default tax relief, so if I were to go and file a tax return today. It was it would take me to the old regime and I could off for the new regime. So it is the other way around now. So the old the new regime becomes the default regime and then you can go and off for the old regime. Person needs to see is under the old regime when I get all the directions. Is that more favourable to me? Visibly, The new tax regime, which has the new tax labs which are better compared to the old regime, and the surcharge and standard deduction. However, experts say each taxpayer will have to decide for themselves which is better. That is, which regime the old or the new will mean lesser tax, depending on things like provident fund, home loans, insurance premiums and soil. The government says the income tax relief announced today will cost around 35,000 crores in revenue for gall. But the reason it's pushing taxpayers to adopt the new regime is purely simplification is what experts believe Sakshi Bajaj for NDTV. But the big headline for the government from this budget is that it was focused on the middle class and that's why you saw the change in the tax labs as well. Soviet NDTV set out and went out to speak to the people who the government claims it is have going to have and positive impact on. 34 year old Rajesh Arya, a government employee in and the only breadwinner in his family of six, says he is relieved after today's budget announcements for the salaried class. Under the new tax regime, Rajesh says he may be one step closer to his dream of buying a car. He earned a salary of ₹5 lakh a year Star fish in a gotcha question and see tha tha in one of the budget announcements that stood out for the middle class, Finance Minister Nirvana Sith are a man said that those earning up to ₹7 lakh a year will not have to pay any tax under the new tax regime. This is what the new slabs looked like now, while those with an annual income of nine lakhs will have to pay ₹45,000 as tax, down from the ₹60,000 in the existing regime. An individual with an income of ₹15 lakh a year will have to pay ₹1.5 lakh as tax, down from the ₹1.87 lakh currently not compelling anybody. Those who want to remain in old can still remain therefore enough justifications that they can have but the new one obviously will be is now attractive because it gives greater rebate. It also provides for a simplified and smaller slabs, a smaller lower rates of taxation and also slaps which nicely broken down. So with all this, I think the budget. I have not gone into specifics. But I thought his opening remarks this much will be sufficient to say this is a budget which is beautifully balanced. Hyderabad resident Santo she jots PNA, who works as a teacher, looks at the budget announcements as an opportunity for middle class families to finally save some money, not only tax exemptions but under the new tax regime. The factory class also get a tax deduction of ₹50,000 so this is the great move I feel so it is very convenient for the middle class families, so where they will not here have to pay any income tax and and Of course they get a chance to save the money because of the pandemic. There have been lot of economical issues with every family, so I think this is a great move. Amman. Additional by city or small savings, you can buy small things, so it will be some out supporting medium middle class located in the A. This budget has been called many things from the AM recycle budget to the Shastri she budget to an election budget. Well, it remains to be seen what the long term economic and politicians ramifications of this budget are. But for now, the middle class are hi. I'm only happy and looking to save, in a sense validating for the economic adviser said yesterday about the pandemic recovery of the Indian economy being complete. Russia Kumari Sing in Rajasthan and over Sudhir in Hyderabad with Rajesh for NDTV. Meanwhile, my colleague Himachal Sugar spoke to the Sea Ability Chairman Nitin Gupta and CBI chairman with a jury about the budget. 2023 Key insights about what went on in making and presenting this budget Does Al Pele apnea tax, kike vehicle, personal income, tax slab, technological data, or add with Mancini Baha. Sorry. Gosh, Nike Tax rebate ceiling by exemptions. Kobayashi I was absent hot Put back slaps. 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