Union Budget 2023: Big Numbers Announced So Far

New Delhi:

• Rs 2.4 lakh crore for railways, the highest ever
• Agricultural credit target increased to Rs 20 lakh crore
• Allocation for PM Awas Yojna increased by 66% to over Rs 79,000 crore
• Capital investment outlay to be raised by 33% to Rs 10 lakh crore, to be 3.3% of GDP in fiscal 2024
• Effective capital expenditure of centre to be Rs 13.7 lakh crore
• Fiscal deficit target for fiscal 2024 is 5.9%, aim to reduce it to 4.5% by 2025-26. Fiscal deficit for fiscal 23 in line with 6.4% target. To finance fiscal deficit in 2023-24, net market borrowing from dated securities estimated at Rs 11.8 lakh crore
• Tax receipts for next fiscal budgeted at Rs 23.3 lakh crore
• 157 new nursing colleges in core locations, mission to eliminate sickle cell anaemia by 2047
• Rs 15,000 crore over next three years for safe housing, sanitation, drinking water, and electricity for scheduled tribes
• All cities and towns will be enabled for 100 percent transition of sewers and septic tanks from manhole to machine hole mode
• 38,800 teachers will be hired for Ekalavya Model Residential Schools in next 3 years
• 3 centres for excellence for AI will be set up in top educational institutes with the goal “Make AI in India”, “Make AI Work For India”
• Computerisation of 63,000 credit societies with Rs 2,516 crore
• 100 labs to develop apps using 5g services to be set up in engineering institutions
• Green Hydrogen Mission for reduced dependence on fossil fuel: Rs 35,000 crore for energy transition to net-zero emission goals
• Battery energy storage systems of 4000 MWh will be supported
• For ease of doing business, 39,000 compliances reduced
• 30 Skill India international centres across different states will be set up
• 1 crore farmers will get assistance to adopt natural farming
• 100 critical transport projects — 50 additional airports, heliports, etc will be revived
• For tourism, 50 destinations will be selected through challenge mode
• Mahila Samman Savings Certificate will be made available for two years, deposits of up to 2 lakh at 7.5% interest
• Senior citizens savings scheme cap increased from Rs 15 lakh to Rs 30 lakh
• Monthly Income Scheme limit doubled to Rs 9 lakh and Rs 15 lakh for joint accounts
• The revamped Credit Guarantee Scheme for MSME sector will take effect from April 1, 2023 with an infusion of Rs 9,000 crore
• Basic customs duty rates to be reduced from 21% to 13%
• Taxes on cigarettes hiked by 16 percent