Highways sector also saw jump in allocation. Fifty airports, heliports, water aerodromes & advance landing grounds to be revived to improve regional air connectivity.
To aid 'green growth' agenda, Sitharaman announced measures like support for scrapping & replacing old vehicles, battery storage systems & compressed biogas plants.
AmritKalBudget unveiled by FM Nirmala Sitharaman focuses on 7 'priorities' and 4 'emphasis points'. Here, ThePrint breaks down the Union Budget 2023, and tracks reactions.
In her 1 hour 26 minute-long speech, finance minister mentioned 'infrastructure' about 26 times and both 'digital' & 'green' 21 times. The word 'amrit' appeared 12 times.
Allocation to external affairs ministry for development assistance to foreign countries & projects fell 13% to estimated Rs 5,848.58 crore from Rs 6,750 crore in FY23.
States to set up ‘Unity Malls’ with objective of promotion & sale of ‘1 district, 1 product’, GI & handicraft. Amount allocated to tourism ministry same as last time, at Rs 2,400 cr.
Education Ministry has been allocated Rs 1,12,899.47 cr — up by 8% from last yr — and FM has announced launch of PM Kaushal Vikas Yojana 4.0 to skill lakhs of youth within next 3 yrs.
Earlier in a statement, the rating agency said the narrower fiscal deficit underscores the Modi government's commitment to longer-term fiscal sustainability.
Working paper invited backlash from several farmers’ groups including BKU & BKS who opposed recommendation for import of genetically modified soybean & corn for oil extraction.
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