Revenue and Expenditure: Growth estimates: India’s economic growth in the current year is estimated to be 9.2 per cent, the highest among all large economies. Capital expenditure: The outlay for capital expenditure has been stepped up sharply by 35.4 per cent from Rs 5.54 lakh crore in the current year to Rs 7.50 lakh crore in 2022-23. This investment …
Budget 2022 : Macro Economic Indicators – UPSC GS3 Read More »
The interim budget has announced a slew of welfare measures for farm and rural economy, middle class, realty and housing and the unorganised sector. The burden on the exchequer due to the farm income support scheme PM-KISAN itself comes around Rs 75000 crores. This necessitates the government to explore the avenues to find the corpus to …
The Union Government in the interim budget 2019 unveiled its vision for 2030, listing 10 dimensions to create an India where poverty, malnutrition, littering and illiteracy would be a matter of the past. Vision 2030 The 10 dimensions of Vision 2030 listed in the interim budget 2019 are: Physical & Social Infrastructure : Building next-generation infrastructure in …
The present government headed by Prime Minister Narendra Modi presented an uncompromising stance on fiscal deficit in the beginning. In its first budget, the government had stated that “we cannot go on spending today which would be financed by taxation at a future date”. The government emphasised on “inter-generational equity” and not leaving behind “a …
Ayushman Bharat Programme The Government announced two major initiatives in health sector, as part of Ayushman Bharat Programme. Health and Wellness Centre:- The National Health Policy, 2017 has envisioned Health and Wellness Centres as the foundation of India’s health system. Under this 5 lakh centres will bring health care system closer to the homes of …
The Economic Survey 2016-17 Volume II released recently has taken into consideration various challenges faced by the Agriculture sector in India. It has suggested multi-dimensional Agricultural and Food Management Reforms Measures. Challenges Small Operational Land Holdings: The average farm size in India is small and declining since 1970-71. It is a major limitation to reap the …
Economic Survey 2016-17 Volume II: Agriculture and Food Management Reforms Measures Read More »
The government has decided to carry out three kinds of changes in the Union Budget: To advance its presentation by 27 days. To do away with a separate railway budget. To dispense with Plan-non-Plan dichotomy in expenditure. Analysis: Merger of rail budget with general budget: After 92 years of seeing them separately, the next …