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

Jaishankar, European Commission President Leyen discuss ways to deepen partnership

External Affairs Minister S Jaishankar met with European Commission President Ursula von der Leyen to…

2 hours ago

“Op Sindoor is proof govt transformed India’s security apparatus”: Rajnath Singh

Stressing that Rs 1.75 lakh crore defence production & Rs 30,000 crore defence exports targets…

2 hours ago

India, Brunei discuss ways to further deepen partnership

Secretary (East) P Kumaran met Permanent Secretary, Brunei Darussalam's Ministry of Foreign Affairs, Hajah Johariah…

5 hours ago

EU Commission President Leyen meets EAM Jaishankar, says “strategic partnership getting stronger”

European Commission President Ursula von der Leyen met External Affairs Minister S Jaishankar in Belgium…

6 hours ago

Paank condemns extrajudicial killings of four Baloch men, calls out Pakistan’s ‘kill-and-dump’ policy

Paank, Baloch National Movement's Human Rights Department, strongly condemned the brutal extrajudicial killings of four…

7 hours ago

NaMo App launches ‘Jan Man Survey’ to mark 11 years of PM Modi’s leadership

To commemorate Prime Minister Narendra Modi's 11 years in office, the Narendra Modi App or…

7 hours ago