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Friday, March 29, 2024
TopicNirmala Sitharaman

Topic: Nirmala Sitharaman

Budget 2023 for tech sector: Digital India funds slashed, PAN ‘common identifier’, KYCs simplified

Sitharaman's 'technology-driven' also pushed for access to anonymised data, DigiLocker expansion & job creation through Pradhan Mantri Kaushal Vikas Yojana 4.0.

Budget 2023: ‘Infrastructure, digital, green’ — buzzwords that dominated Sitharaman’s speech

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.

Budget 2023: Rs 2.40 lakh crore for Railways to boost expansion — highest outlay since 2013

The overall allocation to the sector increased from last year’s Rs 1.4 lakh crore. Slew of initiatives like addition of new lines, doubling rail lines announced.

Budget 2023: Health allocation puts focus on pharma research, collaborative R&D at ICMR labs

Total allocation for health and family welfare department stood at Rs 89,155 cr, about 0.34% higher than last year’s allocation of Rs 86,200 cr.

Here’s what the experts say about Union Budget 2023

The budget proposal, in which the government will increase capital expenditure by 33% to Rs 10 trillion in the next fiscal year, was praised by industry experts.

New tax regime to fiscal deficit target — Highlights from Sitharaman’s Budget 2023 speech

Modi govt will target a budget deficit of 5.9% of GDP for 2023/24, Finance Minister said in her speech, compared to 6.4% for the current fiscal year.

PM Awas Yojana raised by 66% to Rs 79,000 crore, says Sitharaman in Union Budget

This is a significant increase considering Sitharaman, in the Budget 2022, had proposed an allocation of Rs 48,000 crore for Modi government’s Housing for All initiative.

Inclusive development to green growth — Sitharaman lists 7 priorities of Budget 2023

The seven key priorities are inclusive development, reaching the last mile, infra and investment, unleashing the potential, green growth, youth power and financial sector.

Economic Survey says govt’s labour codes ‘in tune with market trends’. But they’ve not kicked in yet

Four labour codes, amalgamating 29 laws, were passed in 2019 & 2020. But central, state govts have yet to notify the laws that will cater to around 40 crore unorganised sector workers.

Budget 2023: Digital University, announced by Sitharaman last year, to begin classes this July

Announced in Budget 2022, the NDU is touted to be significant step towards attaining some goals in NEP 2020. However, it will only offer diploma & certificate courses initially. 

On Camera

Congress attacks chief economic advisor over statement on unemployment, asks BJP govt to ‘vacate seat’

While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.