🌐 Summary Of Budget 2022-23 :-
💠 Focus on These Areas :-
areas of Budget
◾️PM Gati Shakti
Financing of investments
♦️ Capital expenditure is being stepped up to Rs 7.5 lakh Cr ( 2.9% of GDP )
♦️ Fiscal Deficit : 6.4% for FY23
♦️ FY23 total expenditure seen at Rs 39.45 lakh crore.
♦️ Total Receipts other than borrowing seen at Rs 22.84 lakh crore.
♦️ 60 lakhs New Jobs + 30 lakhs Additional Jobs .
♦️ Allocation For Infrastrucutre : 20k Cr
♦️ To Promote Oraganic Farming.
♦️ The National Highway network will be expanded by 25,000 kms in 2022-23.
♦️ India's growth estimated to be at 9.27% (FY23).
♦️ 2023 : Year of Millets .
♦️A boost for Railways under the Gati Shakti plan .
◾️400 new-generation Vande Bharat trains will be developed and
manufactured in next 3 years.
◾️One station, one product' concept will be popularised to help local
◾️India plans 100 cargo terminals in 3 years
♦️ Allocation For MSMEs : 6k Cr
♦️will make 60Km Long 8 Rope way
♦️ ECLGS to be extended upto March 2023, guaranteed cover extended by another
Rs 50,000 crore.
◾️Total cover under scheme now Rs 5 lakh crore.
◾️Additional amount has been earmarked for hospitality sector.
♦️Rs 2.37 lakh crore worth of MSP direct payments to wheat and paddy farmers.
♦️One class, one TV channel' program of PM eVIDYA will be expanded from 12 to
200 TV channels. For Classes 1 to 12 ( Regional Languages)
♦️100% of 1.5 lakh post offices will come on the core banking system, enabling financial inclusion and access to accounts through net banking, mobile banking, ATMs, and also provide online transfer of funds between post office accounts and bank accounts.
♦️Allocation for North-East Region : 1500 Cr
♦️A national tele mental health programme will be launched.
♦️Allocatio for Har Ghar Nal se Jal Scheme :-
♦️ the issuance of E passports using embedded chip and futuristic technology will be rolled out in 2022-23 to enhance the convenience for the citizens in their overseas travel.
♦️Allocation for PM Awas Yojana : 48000 Cr .
♦️80 lakh households will be identified for the affordable housing scheme in 2022-23.
♦️60,000 crore allocated for providing access to tap water to 3.8 crore households.
♦️A battery-swapping policy to be brought out to boost EV Ecosystem.
♦️Digital Banking started in 75 Districs .
♦️will Eastablish ATM in 1.5 lakh Post Office.
♦️Amendments for the Bankruptcy Code.
◾️IBC amendments to enhance efficiency of resolution process.
◾️Facilitate cross-border insolvency resolution.
◾️To speed up voluntary winding up of companies.
♦️National Digital Health Ecosystem will be rolled out.
♦️IRDAI will Issue Insurance Bond.
♦️National Ropeways Development Programme to be taken up in PPP mode :- to improve connectivity, besides promoting Tourism.
♦️Allocation for Farmers :- 2.37 lakh Cr
♦️5G Service Will come in effect in 2022
♦️Allocation for Solar Production : 19500 Cr
♦️Allocation for Ken-Betwa Project : 44605 Cr
♦️Digital rupee, using blockchain, to be launched by RBI in 2023.
♦️India to launch sovereign green bonds.
♦️'One Nation, One Registration' will be established for anywhere registration to facilitate ease of living & doing business.
♦️Tax deduction limit increased to 14% on employers contribution to NPS account of state govt employees.
♦️30% Tax on Income from Crptocurrency.
♦️No any in Tax Slabs.
♦️Allocation for Education-93224 crore.