What is the News? Finance Minister has announced the budget for 2022-23. The budget provided ample allocation for internal security. About the allocation of budget for internal security Ministry of Home Affairs (MHA): In the Union Budget for 2022-23, 1.85 lakh crore has been allocated to MHA. This is an increase of 11% over the… Continue reading MHA budget hiked by 11 per cent, lion’s share of allocation for police
A NEW SCHEME, PRIME MINISTER’S DEVELOPMENT INITIATIVE FOR NORTH EAST ‘PM-DevINE’ ANNOUNCED; Rs. 1500 CRORE ALLOCATED
What is the news? The Finance Minister has announced the Prime Minister’s Development Initiative for North-East(PM-DevINE) Scheme during the Union Budget 2022-23. What is PM-DevINE Scheme? The PM-DevINE Scheme will fund infrastructure and social development projects based on the needs felt in the North-East. Objective: To enable livelihood activities for youth and women and fill… Continue reading A NEW SCHEME, PRIME MINISTER’S DEVELOPMENT INITIATIVE FOR NORTH EAST ‘PM-DevINE’ ANNOUNCED; Rs. 1500 CRORE ALLOCATED
Govt. proposes new SEZ law
What is the news? In the Union Budget 2022, the Government has proposed to replace the Special Economic Zones (SEZs) Act,2006 with a new law. What is the Special Economic Zones (SEZs) Act? The Special Economic Zones (SEZs) Act was enacted in 2006 with an aim to create special economic zones. SEZ are areas within… Continue reading Govt. proposes new SEZ law
Budget extends more sops for IFSC
What is the news? In the Union Budget 2022, the Finance Minister has announced several steps to further promote the International Financial Services Center (IFSC) in Gujarat. What are the steps announced by the Finance Minister to promote IFSC? Firstly, Income Tax incentives will be provided to promote various business activities such as ship leasing… Continue reading Budget extends more sops for IFSC
Digital varsity and e-content for schools planned
What is the news? In Budget 2022, the Finance Minister has announced several initiatives for the education Sector. What are the initiatives announced in the Education Sector in Budget 2022? DESH-Stack e-portal: Digital Ecosystem for Skilling and Livelihood (DESH-Stack e-portal) will be launched to empower citizens to skill, reskill or upskill through online training. Digital… Continue reading Digital varsity and e-content for schools planned
Great On Growth, Not on Jobs
News: Recently Union Budget 2022-23 has been released. The article discusses the wise choices made in the budget along with challenges still existing to be resolved. What are the excellent strategies seen in the Budget 2022-23? One, the finance minister has avoided populist measure and focused on increasing public investment. Government capital expenditure is expected… Continue reading Great On Growth, Not on Jobs
Centre to set up high-level panel on urban policies
What is the news? The Finance Minister has announced plans to set up a high-level committee of planners, economists and institutions to provide recommendations on issues and policies related to the urban sector. What is the need of a High Level Panel on Urban Planning? By 2047, nearly half of India’s population is likely to… Continue reading Centre to set up high-level panel on urban policies
A takeaway is the good infrastructure push
News: Recently Union Budget 2022-23 has been released which has focused on expanding capital expenditure. The article discusses the projected growth, revenue, expenditure, debt and real growth. What is projected income growth? Budget has projected a nominal GDP growth estimate of 11.1% for 2022-23. The real GDP growth is estimated of 8% with an implicit… Continue reading A takeaway is the good infrastructure push
Budget sets up the digital pitch for India to bat on
News: Finance Minister has recently presented the budget. Although there are many positives in the Indian economic scenario like with 9.3% India is the fastest-growing large economy, it has over $630 billion of foreign reserves equalling 13 months of imports. However there are some challenges too like the problem of unemployment rate. How the… Continue reading Budget sets up the digital pitch for India to bat on
MGNREGA: Is the govt expecting unemployment levels to change soon?
News: Recently finance minister released Union Budget 2022-23. This article discusses the regressive nature of budget in terms of social welfare. Why the budget 2022-2023 appears regressive in nature with respect to social welfare? One, last year only Rs 73,000 crore was budgeted but the allocation for MGNREGA was increased to Rs 1.11 trillion due… Continue reading MGNREGA: Is the govt expecting unemployment levels to change soon?
