Capital budget increased to Rs 1.62 lakh crore from 1.52 lakh crore. Navy, Army see substantial increase but allocation for procuring aircraft, aero engines goes down.
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.
Earlier in a statement, the rating agency said the narrower fiscal deficit underscores the Modi government's commitment to longer-term fiscal sustainability.
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.
The seven key priorities are inclusive development, reaching the last mile, infra and investment, unleashing the potential, green growth, youth power and financial sector.
Capital expenditure on railway infra was ₹2.5 lakh cr in FY23, up by about 29 per cent against previous yr. Construction of highways went up from 6,061 km in FY16 to 10,457 km in FY22.
The IndiGo crisis is nothing short of a threat to India’s stability. Could it be an experiment? Can this happen in any other crucial sector like power or railways?
RBI Handbook of Statistics shows state’s GSDP has more than doubled in past decade, finishing second behind Maharashtra. It has performed well across health & education parameters as well.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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