Presenting the Union Budget 2023, Union Finance Minister Nirmala Sitharaman Wednesday, Union Finance Minister Nirmala Sitharaman pegged the fiscal deficit target for 2023-24 at 5.9 per cent of GDP.
During the Union Budget speech in the House, Union Finance Minister Nirmala Sitharaman on Wednesday announced that 50 additional airports, helipads, water aero drones, and advanced landing grounds will be revived to improve regional air connectivity in the country.
The Budget session started on a high note after slogans of 'Modi-Modi' and 'Jodo Jodo Bharat Jodo' were echoed in the parliament building on Wednesday during the Union Finance Minister Nirmala Sitharaman's Budget speech.
Overall, the government proposed to increase capital expenditure outlay by 33 per cent to Rs 10 lakh crore in 2023-24, which would be 3.3 per cent of the GDP, said Union finance minister Nirmala Sitharaman.
The presentation of the Union Budget 2023-24 started with Union Finance Minister Nirmala Sitharaman's speech in the Parliament on Wednesday wherein she termed the Budget the "first budget in Amrit Kaal".
As only hours are left before Union Finance Minister Nirmala Sitharaman will table the Union Budget for the financial year 2023-24, Minister of State for Finance Pankaj Chaudhary on Wednesday said that this budget would fine-tune with the expectations of the general public and that India'
Known for her love for Indian textiles, Finance Minister Nirmala Sitharaman arrived in the Parliament for the Union Budget presentation wearing a traditional temple border saree.
Union Finance Minister Nirmala Sitharaman will present the Union Budget for 2023-24 with a digital device instead of the traditional 'bahi-khata' in her hands.
India's foreign exchange reserves stood at USD 532.7 billion as of September-end of 2022, covering 8.8 months of imports according to the Economic Survey tabled by Union Finance Minister Nirmala Sitharaman in Parliament today.