In 2022-23, the Budget expects the Central government's effective capital spending to be Rs 10.68 lakh crore or around 4.1 percent of GDP. The Finance Minister announced that the GST collections for the month of January 2022 were Rs 1,40,986 crore, the highest since the tax was introduced in 2017. In a major push for digital currency, Sitharaman announced that the RBI will issue digital rupees using blockchain technology beginning in 2022-23. According to the Finance Minister, this will provide a significant boost to the economy. Moreover, there are many new Budget Schemes announced by the Finance Minister. Below is the List of schemes announced in Budget 2022-23.
PM Modi explained the vision of Budget 2022, saying that with the world's changed perception of India, it is critical for us to move the country forward at a rapid pace by strengthening our economy. According to the Prime Minister, there is a possibility of a new world order following the COVID pandemic. Today, the world's perception of India has shifted dramatically. The world now wants to see a more powerful India. PM Modi expressed gratitude to the central government for its efforts, saying, "It is critical that we create a self-sufficient and modern India. This Budget contains a number of significant provisions that will propel India forward into the modern era. Because of decisions made in the last seven years, India's economy has been growing steadily."
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Parvat Mala:
The Parvat Mala project is being implemented in Himachal Pradesh, Uttarakhand, J&K, and the northeast.
It will help to create a modern transportation and connectivity infrastructure in the hills, as well as make villages on our borders more alive.
This is one of the most important Budget Schemes announced this year. The project will be implemented under a PPP (Public-Private-Partnership) model, which will be a more environmentally sustainable alternative to traditional highways in tough hilly locations.
The goal is to improve commuter connectivity and convenience while also encouraging tourism.
This could also apply to congested urban areas where traditional mass transit systems are impractical.
Currently, the scheme is being implemented in Uttarakhand, Himachal Pradesh, Manipur, Jammu and Kashmir, and other North-Eastern states.
Schemes announced in budget 2022 have Parvat Mala as one of the schemes.Â