Union Budget 2022-23 is being presented by Union Finance Minister Nirmala Sitharaman in Parliament today on 1st February. The Budget, Nirmala Sitharaman’s 4th consecutive one, is being presented at a time when India is recovering from a third wave of the novel Coronavirus. It also comes at a time when number of people in the country are protesting against persistent unemployment.
Focus Area of the budget
- PM Gati Shakti
- Energy Transition
- Climate Action
- Inclusive Development
- Productivity Enhancement
- Sunrise Opportunities
- Financing of investments
Union Finance Minister Nirmala Sitharaman starts her budget speech by expressing empathy to those who suffered during the Covid-19 pandemic
Digital ecosystem for the livelihood will be launched.
Use of Kisan Drones to be promoted for digitization of land records, the crop assessment, spraying of insecticides and the nutrients.
PM Gati Shakti will pull forward economy. And it will lead to more jobs and opportunities for youth. PM Gati Shakti plan will be driven by the roads, railways, airports, ports, mass transport, waterways and logistics infrastructure.
Rs 2.37 lakh cr worth of MSP direct payments to the wheat and paddy farmers
PLI schemes in the 14 sectors with potential to create 60 lakh new jobs, and additional new production of Rs 30 lakh crore
5G spectrum auction will be completed in the 2022-23
2 lakh Anganwadis to be upgraded for improving child health
E-passports, issuance of E passports using embedded ship and the futuristic technology will be rolled out in 2022-23 to enhance the convenience for the citizens in their overseas travel.