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

VINBAX 2024: Vietnam-India bilateral army exercise concludes at Kaushalya Dam

The fifth edition of the historic Indo-Vietnam Joint Field Training Exercise, VINBAX-2024, successfully concluded its…

9 hours ago

India-Russia strengthen defence ties at 22nd Working Group meeting on military technical cooperation

The 22nd meeting of the India-Russia Working Group on Military technical cooperation and defence industry…

10 hours ago

“I want to have strong representation of India at World Nuclear Exhibition 2025”: Sylvie Bermann

Sylvie Bermann, President of the World Nuclear Exhibition expressed confidence in India's nuclear supply chain…

11 hours ago

PoJK: Joint Awami Action Committee protests against government following new ordinance, many injured

Joint Awami Action Committee core member Shaukat Nawaz Mir has condemned the attack of police…

11 hours ago

PM Modi meets 31 world leaders, heads of organisations during his 3-nation foreign visit

Prime Minister Narendra Modi participated in 31 Bilateral Meetings and informal interactions with global leaders…

14 hours ago

India- Australia conduct 11th Indian Air Force-Royal Australian Air Force Air Staff Talks

India and Australia conducted the 11th edition of the Indian Air Force and Royal Australian…

14 hours ago