Budget is always an important financial event very much important for economic growth .In a big country like India Budget is much important.
The Union Cabinet headed by Prime Minister Narendra Modi on Tuesday 1 Feburary 2022 approved the Budget 2022-23, . Finance Minister Nirmala Sitharaman presented the budget in Lok Sabha .The Budget has many highlights. One station, One product to be popularised.Railways will develop new products for small farmers.
Modern infrastructure to be cornerstone of the plan. FM Sitharaman outlinedPM Gati Shakti masterplan.
400 New Generation Vande Bharat trains to be introduced 100 new Rail Cargo Terminals to be developed Agriculture university to be opened in several states.
A rationalised scheme to increase domestic oilseed production will be brought in to cut down imports. National Highways will be extended by 25,000 km during 2022-23.Also, For farmers to adopt to natural farming, comprehensive package for participation of State governments & MSMEs to be introduced.
Hospitality services by the small & medium sector are yet to bounce back, therefore, the government has decided to extend the ECGL service for this sector by March 2023 with an increased cover of Rs 50,000.
The other highlights of Budget include : Schemes of the Ministry of Women and Child Development such as Mission Shakti, Mission Vatsalya, Saksham Anganwadi and Poshan 2.0 revamped to provide benefits
Epassport would be rolled out in 2022-23, Paperless end-to-end e systems will be used for all procurements.
Roll out of 5 G teleservices would be done with 2023. 2 lakh Anganwadis to be upgraded for improving child health.
