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The outlay for capital expenditure in the Union Budget is being stepped up sharply by 35.4% from Rs. 5.54 lakh crore in the current year to Rs. 7.50 lakh crore in 2022-23 said the Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman during her Budget Speech here in Parliament today.
Acknowledging the immense potential of Sunrise Opportunities, the Union Budget presented in parliament today by Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman, has stated that supportive policies, light-touch regulations, facilitative actions to build domestic capacities, and promotion of research & development will guide the government’s approach.
Union Finance Minister said that Defence R&D will be opened up for industry, startups and academia with 25 per cent of defence R&D budget earmarked. Private industry will be encouraged to take up design and development of military platforms and equipment in collaboration with DRDO and other organizations through SPV model.
Technology has taken a centre-stage for the Health Sector in the General Budget presented in the Parliament by Smt Nirmala Sitharaman, Union Minister of Finance. Two new digitally underpinned Schemes have been announced which indicate the key role that digital technology is playing in expanding the access of health and medical care across the country.
Customs administration of SEZs shall be fully IT driven announced the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman while presenting the Union Budget 2022-23 in the Parliament today. She also said that the Customs National Portal will function with a focus on higher facilitation and with only risk based checks.
India’s economic growth in the current year is estimated to be 9.2 per cent, highest among all large economies. The overall, sharp rebound and recovery of the economy from the adverse effects of the pandemic is reflective of our country’s strong resilience. This was stated by Union Minister for Finance and Corporate Affairs Smt Nirmala […]
This Budget seeks to lay the foundation and give a blueprint to steer the economy over the Amrit Kaal of the next 25 years – from India at 75 to India at 100. The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, laid this vision, while presenting the Union Budget 2022-23 in Parliament today. She made the announcement for the next launch of Ease of Living under Amrit Kaal.
Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman today announced the introduction of Digital Rupee to be issued by the Reserve Bank of India starting 2022-23. Presenting the Union Budget 2022-23 in the Parliament here today, the Finance Minister said that the Central Bank Digital Currency (CBDC) will give a big boost to digital economy.
Rs. 60,000 CRORE ALLOCATED FOR ‘HAR GHAR, NAL SE JAL’ SCHEME; 3.8 CRORE HOUSEHOLDS TO BE COVERED 80 LAKH HOUSES TO BE COMPLETED UNDER PM AWAS YOJANA WITH AN OUTLAY OF Rs. 48,000 CRORE NORTHERN BORDER VILLAGES TO BE DEVELOPED UNDER VIBRANT VILLAGES PROGRAMME BLOCKS WHICH HAVE CONTINUED TO LAG, TO BE THE FOCUS OF […]
HIGHLIGHTS OF THE UNION BUDGET 2022-23 The Union Budget seeks to complement macro-economic level growth with a focus on micro-economic level all inclusive welfare. The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman tabled the Union Budget 2022-23 in Parliament today. The key highlights of the budget are as follows: PART A India’s […]