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The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament today. The highlights of the Budget are as follows: PART A. Per capita income has more than doubled to ₹1.97 lakh in around nine years.
- SUMMARY OF THE UNION BUDGET 2023-24
SUMMARY OF THE UNION BUDGET 2023-24. In the 75th year of...
- SUMMARY OF THE UNION BUDGET 2023-24
- Union Budget 2023-24
- Union Budget 2023-24: Size
- Resources Transferred to The States in Union Budget 2023-24
- Union Budget 2023-24: Proposed Expenditure from The Budget
- Seven Priorities of The Union Budget 2023-24 : ‘Saptarishi’ Are-
- Union Budget 2023-24: Key Numbers
- Union Budget 2023-24 Highlights: Key Schemes and Their Budgetary Provisions
- Union Budget 2023-24: Capital Expenditure
- Union Budget 2023-24 Highlights: Agriculture Sector
- Union Budget 2023-24: Education
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The Union Budget 2023-24 highlighted that the current year’s economic growth is estimated to be at 7%, “highest among all the major economies.”Finally, with regards to the fiscal deficit, she retained it to the target of 6.4% in the revised estimate for FY2022-23 and reduced it to 5.9% for the next fiscal. Fiscal deficit would be brought down to be...
The total expenditure in BE 2023-24 is estimated at `45,03,097 crore(45.03 Lakh Crore) of which total capital expenditure is `10,00,961 crore(10 Lakh Crore). Union Budget 2023 reflects continuing strong commitment of the Union Government to boost economic growth by investing in infrastructure development leading to an increase in capital expenditur...
In Union Budget 2023 Total resources being transferred to the States including the devolution of State’s share, Grants/Loans and releases under Centrally Sponsored Schemes, etc. in BE 2023-24 is `17,97,537 crore(17.98 Lakh Crore), which shows an increase of `1,43,056 croreover Actuals of FY 2021-22.
Money from the Union Budget 2023-24 is allotted to various sectors and also assigned to meet expenses. In brief, the outflow is planned as follows: The Union Budget 2023-24 has been presented in two parts. The key highlights of the Budget are as follows:- PART-A of The Union Budget 2023-24
Inclusive developmentReaching last mileInfrastructure and investmentunleashing potentialPer capita income has more than doubled to ₹1.97 lakh in around nine years.Indian economy has increased in size from being 10th to 5th largest in the world in the past nine years.EPFO membership has more than doubled to 27 crore.7,400 crore digital payments of ₹126 lakh crore has taken place through UPI in 2022.Atmanirbhar Clean Plant Programwith an outlay of ₹2200 crore to be launched to boost availability of disease-free, quality planting material for high value horticultural crops.157 new nursing colleges to be established in co-location with the existing 157 medical colleges established since 2014.Centre to recruit 38,800 teachers and support staff for the 740 Eklavya Model Residential Schools, serving 3.5 lakh tribal students over the next three years.Outlay for PM Awas Yojanais being enhanced by 66% to over Rs. 79,000 crore.The central government will spend ₹ 10 trillion (Rs 10 lakh crore)on longer term capital expenditure in 2023/24, extending a strategy adopted to revive growth in the aftermath of the Covid crisis. The allocation is higher than the ₹ 7.5 trillion (Rs 7.5 lakh crore) budgeted in the previous year and the highest on record. The year-on-year increase o...
Agriculture Accelerator Fundto be set-up to encourage agri-startups by young entrepreneurs in rural areas. 1. To make India a global hub for ‘Shree Anna‘, the Indian Institute of Millet Research, Hyderabad will be supported as theCentre of Excellencefor sharing best practices, research and technologies at the international level. 2. ₹20 lakh crore ...
Cetre’s allocation for the Ministry of Education for the next financial year is ₹1,12,898.97 crore. Notably, this is the highest allocation granted to the ministry ever. School Education Department’s outlay stands at ₹68,804.85 crore, while the Higher Education Department has been allocated ₹44,094.62 crore. 1. District Institutes of Education and ...
The Union Budget 2023-24 focuses on capital expenditure, green growth, youth power and inclusive development. It targets a fiscal deficit of 5.9% for 2023-24 and 4.5% by 2025-26, and announces various tax and scheme changes.
- Inclusive Development. The Government’s philosophy of Sabka Saath Sabka Vikas has facilitated inclusive development covering in specific, farmers, women, youth, OBCs, Scheduled Castes, Scheduled Tribes, divyangjan and economically weaker sections, and overall priority for the underprivileged (vanchiton ko variyata).
- Reaching the Last Mile. The Finance Minister said that Prime Minister Vajpayee’s government had formed the Ministry of Tribal Affairs and the Department of Development of North-Eastern Region to provide a sharper focus to the objective of ‘reaching the last mile’.
- Infrastructure & Investment. Smt. Sitharaman said, investments in Infrastructure and productive capacity have a large multiplier impact on growth and employment and in view of this capital investment outlay is being increased steeply for the third year in a row by 33 per cent to Rs 10 lakh crore, which would be 3.3 per cent of GDP.
- Unleashing the Potential. The Finance Minister said that for enhancing ease of doing business, more than 39,000 compliances have been reduced and more than 3,400 legal provisions have been decriminalized.
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The web page provides a detailed analysis of the Union Budget 2023-24, covering expenditure, receipts, GDP, deficits, ministry allocations, tax proposals, and policy highlights. It also compares the current and proposed income tax slabs and exemptions, and lists the changes in customs duty and CGST.
Union Budget. • The world has recognised the Indian economy as a bright star. India's growth rate is the highest among all the major economies. • The G20 Presidency gives us a unique opportunity to strengthen India's role in the world economic order.
Dec 11, 2023 · Presenting the Budget for 2023-24, Nirmala Sitharaman announced that the capital expenditure will go up by 33 per cent to Rs 10 trillion for infrastructure development for 2023-24 and will be at 3.3 per cent of the Gross domestic product (GDP).
Budget 2023-2024 Speech of Nirmala Sitharaman Minister of Finance February 1, 2023 Hon’ble Speaker, I present the Budget for 2023-24. This is the first Budget in Amrit Kaal. Introduction 1. This Budget hopes to build on the foundation laid in the previous Budget, and the blueprint drawn for India@100. We envision a prosperous
