The Union Budget has been prepared to aim to increase the GDP growth, bringing economic stability and supporting the weaker sections of the society, the Union Finance Secretary TV Somanathan said on Thursday.
Be it capital expenditure, the asset quality of banks, foreign exchange reserves, GST collections, fiscal consolidation path, and convergence of wholesale and retail inflation, Budget document data showed all these indicators to be on strong ground.
Sitharaman noted that the world has recognised the Indian economy as a 'bright star' which is expected to grow in the current year at seven per cent - the highest among all the major economies.
The government proposed to take up 100 critical transport infrastructure projects, for last and first-mile connectivity for ports, coal, steel, fertilizer, and food grains sectors.
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.
The IMD said that the sea conditions are also likely to be rough to very rough and issued a warning to the fishermen not to venture into the Southwest Bay of Bengal, Gulf of Mannar, Comorin Area and along and off Sri Lanka and south Tamil Nadu and Karaikal coasts till February 2.
Ahead of the presentation of the Union Budget for fiscal 2023-24, on Wednesday, Chattisgarh Chief Minister Bhupesh Baghel said locals have put forward a demand for new trains in Jagadalpur and Surguja areas.