The Union Budget is not people-friendly as it has been prepared keeping in mind the interests of a few businessmen, Jammu and Kashmir People's Democratic Party (PDP) chief Mehbooba Mufti said.
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.
In June 2019, the urban unemployment rate was at 8.9 per cent, which peaked at 20.9 per cent during the COVID period, and has fallen since then to 7.2 per cent in September 2022, data revealed.
Union Minister Piyush Goyal on Wednesday said that the Union Budget 2023-24 presented by Finance Minister Nirmala Sitharaman reflects the mission envisioned by Prime Minister Narendra Modi for India, which is entering the 'Amrit Kaal' to become a developed nation in next 25 years.
Terming Union Budget 2023-24 as the budget of "new India", Union Minister of State for Electronics and IT Rajeev Chandrasekhar on Wednesday said that it will take India into 'Amrit Kaal as a modern infrastructure ready nation.
Subsidies on fertiliser and food for 2023-24 (April-March) have been reduced by 22 per cent and 31 per cent each in comparison to the revised budget estimates for the current financial year ending March 2023.