Economy

Union Budget hikes outlay for big infra projects by 33% to Rs 10 lakh crore: Big numbers at a glance

·       Capital investment outlay for infrastructure projects to be raised by a whopping 33% to ₹ 10 lakh crore, will go up to 3.3% of GDP in 2024

·       ₹ 2.4 lakh crore For railways, the highest ever

·       Effective capital expenditure of Centre to be ₹ 13.7 lakh crore

·       Agricultural credit target increased to ₹ 20 lakh crore

·       Allocation for PM Awas Yojna increased by 66% to over ₹ 79,000 crore

·       157 new nursing colleges in core locations, mission to eliminate sickle cell anaemia by 2047

·       Rs 15,000 crore mission for safe housing, sanitation, drinking water, and electricity for tribals

·       All cities and towns will be enabled for 100 percent transition of sewers and septic tanks from manhole to machine hole mode

·       38,800 teachers will be hired for Ekalavya Model Residential Schools in next 3 years

·       3 centres of excellence for AI to be set up

·       Computerisation of 63,000 credit societies with ₹ 2,516 crore

·       100 labs to develop apps using 5g services to be set up in engineering institutions

·       Green Hydrogen Mission for reduced dependence on fossil fuel: ₹ 35,000 crore for energy transition to net-zero emission goals

·       30 Skill India international centres across different states will be set up to empower youth

·       1 crore farmers will get assistance to go in for natural farming

IN Bureau

Recent Posts

Russia adds Zelenskyy to list of ‘wanted’ criminals’, Ukraine calls it act of ‘desperation’

As the war between Russia and Ukraine continues with Kremlin troops being relentless in their…

6 hours ago

Taiwan detects seven Chinese military aircraft, five naval vessels near its waters

Taiwan's Ministry of Defence (MND) said it detected seven Chinese military aircraft and five naval…

6 hours ago

Massive manhunt underway after terror attack on IAF convoy in J-K’s Poonch

Security personnel on Sunday morning launched a massive manhunt following a terrorist attack on an…

6 hours ago

“PM Modi’s govt will never compromise when it comes to national security”: Jaishankar on India-China borders’ clashes

External Affairs Minister S Jaishankar on Saturday said that India has "very strongly countered" China…

19 hours ago

4 killed after Pakistan security forces open fire on peaceful protest in Balochistan

Striking against the freedom of speech and expression, Pakistan's paramilitary Frontier Corps opened fire at…

19 hours ago

“Things have changed after Modi ji came “: EAM Jaishankar vows firm response to Pakistan’s terrorism

Vowing to give an appropriate response to Pakistan's cross-border terrorism, External Affairs Minister S Jaishankar…

21 hours ago