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Finance Minister said PM GatiShakti Master Plan for Expressways will be formulated in 2022-23 to facilitate faster movement of people and goods. The National Highways network will be expanded by 25,000 km in 2022-23. She said Rs.20,000 crore will be mobilized through innovative ways of financing to complement the public resources.
FM proposed to form a high-level committee of reputed urban planners, urban economists and institutions to make recommendations on urban sector policies, capacity building, planning, implementation and governance to steer a paradigm change
We are marking Azadi ka Amrit Mahotsav, and have entered into Amrit Kaal, the 25-year-long lead up to India @100 said the Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman while presenting the Union Budget 2022-23 in the Parliament today
The Emergency Credit Line Guarantee Scheme (ECLGS) will be extended up to March 2023 and its guarantee cover will be expanded by Rs. 50,000 crore. The total cover will now be Rs. 5 lakh crore announced the Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman while presenting the Union Budget 2022-23
FM said that the strategic partner for NINL (Neelanchal Ispat Nigam Limited) had been selected. Also, the public issue of the LIC was expected shortly. Others too are in the process for 2022-23.
The Fiscal Deficit in 2022-23 is estimated at 6.4 per cent of GDP, which is consistent with the broad path of fiscal consolidation announced by me last year to reach a fiscal deficit level below 4.5 per cent by 2025-26
FM announced that the skilling programmes and partnership with the industry will be reoriented to promote continuous skilling avenues, sustainability, and employability. The National Skill Qualification Framework (NSQF) will be aligned with dynamic industry needs.
Nari Shakti has been identified as the harbinger of the countrys bright future and for women-led development during the Amrit Kaal, the 25-year-long leadup to India@100, in the Union Budget presented in the Parliament today by Smt Nirmala Sitharaman, Union Minister of Finance. Hon’ble Prime Minister in his Independence Day address had set-out the vision for India@100.
While highlighting the use of new technology, the Finance Minister said that the use of Kisan Drones will be promoted for crop assessment, digitization of land records, spraying of insecticides, and nutrients.
The Finance Minister announced that in 2022-23, in accordance with the recommendations of the 15th Finance Commission, the States will be allowed a fiscal deficit of 4% of GSDP of which 0.5% will be tied to power sector reforms, for which the conditions have already been communicated in 2021-22.