Union Budget 2023-24 Live: ‘PM Awas Yojana outlay increased by 66 per cent to ₹79,000 crore’

Artificial Intelligence ecosystem

Three Centres Of Excellence for AI to be set up in top educational institutes

Ease of Doing Business

More than 39k compliances have been reduced and more that 3400 provisions have been decriminalised for ease of doing business

Positives for Agritech

Good news for the nearly 1,800 AgriTech startups in India. Agritech fund for startups in rural areas and digital and interoperable public infra for agriculture will be positive for players like BigHaat, Agrawave and Bombay Hemp

Capital Investment Outlay at Rs 10 lakh crore for FY24E

This is a positive development for domestic commercial vehicle space and more so for Medium and Heavy Commercial Vehicle (M&HCV) domain. Positive for Tata Motors and Ashok Leyland – I-Sec

Urban Infra

Rs 10000 cr per annum to be made available for this purpose

Watch | FM’s announcements for garib kalyan

Entire expenditure of about Rs. 2 lakh crore under PM Garib Kalyan Anna Yojana is being borne by the central government, for supplying free food grains for one year to all Antyodaya and priority households : FM. Watch

Higher capex announcement

It wil benefit capital goods companies. Shares of L&T recovered on this announcement

Urban Infra fund

Urban Infrastructure Development Fund to be set up, managed by National Housing Bank, will create public infra in Tier – 2 and 3 cities

Infrastructure

50 airports, heliports, waterdromes to be revived for regional connectivity improvement

Increased storage

“During peak harvest season, crop prices tend to fall sharply. So having more storage facilities will help farmers bring the produce to manded in a staggered manner, supporting their profitability”- CRISIL

Critical transport projects

100 critical transport critical projects for last mile connectivity projects in steel, coal, with investment of Rs 75,000 crore identified

Railways

Capital outlay for Railways Rs 2.40 lakh cr provided, about nine times the outlay made in 2013-14

Capital investment

Govt proposes capital investment outlay of Rs 10 lakh crore.

Infra Investment

Infra investments to have multiplier effect on economy, Capital investment outlay to be increased steeply by 33 per cent to Rs 10 lakh crore

‘Provided free foodgrains to 80 crore poor people; no one went hungry during pandemic’

The government ensured that no one went hungry during the pandemic by providing free foodgrains to 80 crore poor people, Finance Minister Nirmala Sitharaman said on Wednesday. In times of global challenges, G-20 presidency gives an opportunity to strengthen India’s role in the global order, she added.

Tailwinds for tourism

The FM gave importance & mention to tourism as priority sector providing jobs. Also on importance of private partnership which is surely a step forward. TAAI has always voiced loudly on private partnerships. Jyoti Mayal, President, Travel Agents Association of India (TAAI)

Storage for farmers’ crops

During peak harvest season, crop prices tend to fall sharply. So having more storage facilities will help farmers bring the produce to mandis in a staggered manner, supporting their profitability

Atmanirbhar Clean Plant Programme

The government will launch the Atmanirbhar Clean Plant Programme to improve availability of disease-free quality planting material for high-value horticultural crops at an outlay of Rs 2,200 crore: Finance Minister

Seven priorities of budget

1. Inclusive development
2. Reaching last mile
3. Infrastructure and investment
4. Unleashing potential
5. Green growth
6. Youth Power
7. Financial Sector

PM Awaas Yojana outlay increased

PM Awas Yojana outlay increased by 66 per cent to Rs 79,000 crore

PM Primitive Development of Tribal Goods scheme

PM Primitive Development of Tribal Goods to be launched, this will provide basic facilities, improved access to health and education and Rs 15000 crore to be made available for the next three years

Enhancing cotton crop productivity is positive for cotton textile players

Reaching the last mile

The government’s Aspirational Block programme covering 500 blocks for services in health, agri, financial inclusion, skill development, basic infrastructure.

National Digital Library initiative

National Digital Library initiative for children, states will be asked for setting up physical library ….To build culture of reading, National Book Trust and other agencies will provide non-curriculum books to these libraries

Cooperative farming: Who will benefit

Positive for TCS, Infosys and PC brands like Dell, Lenovo: Rs 2516 crore computerisation plan of farmer cooperatives

Decentralised storage capacity for farmers’ crops

This can open up opportunities for private sector investments in warehousing

Collaborative research and innovation

Facilities in select ICMR labs will be made available for research : FM

Health

157 new nursing colleges to be established in co-location with existing medical colleges

Storage Capacity

National co-operative database being mapped, massive decentralised storage capacity will be set up to help farmers to store products and get remunerative prices

On providing 5 kg free grains for 81 crore people

This will result in food subsidy bill of Rs 2 lakh crore for next 1 year, says ICICI Securities

PM Matsya Yojana

We will launch a new new sub scheme of PM Matsya Yojana at Rs 6000 crore

Global hub Millets

Hyderabad will be developed as centre for excellence for best agri practices : FM

Millets

I acknowldge with pride the huge service done by small farmers by growing millets

Global Hub for Millets

India has the forefront of popularising millets, aids food security and welfare of family, we are largest producer jowar, ragi, bajra among others

Agri Start-ups

Agriculture Accelerator fund to be set up, it will aim at innovative and economic solutions

G20 Presidency

G20 Presidency gives us a unique opportunity to strengthen our role in the world economic order, we are steering an ambitious people-centric agenda to address global challenges and facilitate sustainable economic development”

BudgetFY24: Infra, investment, green growth among 7 priorities

BudgetFY24: Adopt 7 priorities to guide through Amritkal

Tourism

Large potential to be tapped in tourism, promotion of tourism to be taken up in mission mode

BudgetFY24: Implementing many plans for green growth

Aid to artisans

Package of assistance for artisans to enable integration with MSME value chain

BudgetFY24: Rural livelihood plan extended to mobilise millions

Empowerment of women

Economic empowerment of women is key , have 81 lakh self help groups, will enable them to reach next level with large producer groups and will be managed professionally led by better marketing, branding of products : FM

FM -Budget FY24: Economic opportunities include ample opportunities for citizens

Free food grain programme

“Entire expenditure of about Rs. 2 lakh crore under PM Garib Kalyan Anna Yojana is being borne by the central government, for supplying free food grains for one year to all Antyodaya and priority households : FM

Conducive environment

We have conducive environment for business and have made significant progress in several sustainable goals: FM

Jan Bhagidari

The Indian economy is on the right track, heading to a bright future. Our focus on reforms and sound policies resulting in Jan Bhagidari helped us in trying times, our rising global profile is due to several accomplishments: FM