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Budget 2023 Latest Announcements: From Big Push to PM Awas Yojana to Labs For 5G Apps, Announcements Made by FM Niramala Sitharaman

Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 in the Lok Sabha (PTI Photo)

Budget 2023 Announcements: FM Nirmala Sitharaman has announced a slew of measures to boost the economy as well as for benefitting various sections of society

Union Budget 2023-24 Announcements: Finance Minister Nirmala Sitharaman on Wednesday presented the first Budget 2023 in the ‘Amrit Kaal’ and has announced a slew of measures to boost the economy as well as for benefitting various sections of society. She has hiked the outlay under the PM Awas Yojana by 66 per cent to Rs 79,000 crore, apart from increasing the capital outlay for infrastructure to crowd in private investment in the economy. Here are major Budget 2023 announcements so far:

* Sitharaman announces a total capital outlay of Rs 2.4 lakh crore for Railways for 2023-24, the highest-ever allocation since 2013-14.

* A total of 100 critical transport infrastructure projects have been identified for implementation.

* The Pradhan Mantri Primitive Vulnerable Development Commission will be launched, and Rs 15,000 crore has been earmarked for the next 3 years.

* About 38,800 teachers will be hired for Ekalavya Model Residential Schools.

* Govt to provide Rs 5,300 cr assistance to drought-prone central region of Karnataka

* The PM Primitive Vulnerable Tribal Group scheme will be launched to benefit 3.5 lakh tribals.

* Finance Minister Nirmala Sitharaman during her Budget Speech 2023 said the government will continue 50-year interest-free loans to state governments for one more year.

* An expert committee will be set up to make infrastructure classification and financing framework suitable for Amrit Kaal.

Naveen Malpani, partner at Grant Thornton Bharat, said, “Economic empowerment of women, formation of large producers enterprises as well as focus on development of handicrafts in rural areas will help in economic development, push rural consumption and be beneficial for consumer companies. Agriculture accelerator funds will bring innovative and affordable solutions for farmers, PPP for sustainable cotton and high value horticultural crops will promote sustainable fashion.”

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Source: News18