Finance Minister Nirmala Sitharaman will present the final budget of the second term of the Modi government on February 1 next year. The ministry has started preparations for this. According to the reports, in the budget of the financial year 2023-24, the expenditure on welfare programs running in rural areas can be increased by 50% to Rs 2 lakh crore. The increased amount will be used to overcome the slowdown in the rural economy in the wake of the Corona pandemic. The government had allocated Rs 1.36 lakh crore to the Ministry of Rural Development for the current financial year. However, this expenditure may increase to more than Rs 1.60 lakh crore.
Before the likely Lok Sabha elections in the month of April-May 2024, the central government is not only focused on increasing employment, but it is also focusing on promoting the affordable housing scheme.
Expenditure-budget both increased, but the unemployment rate was 8.04%
After Corona, there was an increase in the number of people getting employment through MNREGA in the villages. The unemployment rate remained above 7% in the current financial year. It is at 8.04% in November. A budget of Rs 73 thousand crores was kept for MNREGA this year. Later it had to be increased to 98 thousand crores.
This is how expenditure on development in rural areas increased
2019-20 Rs 1.17 lakh crore. 4.46%
2020-21 Rs 1.20 lakh crore. 2.56%
2021-22 Rs 1.31 lakh crore. 9.16%
2022-23 Rs 1.36 lakh crore. 3.81%
The amount can be increased by 50% in the next budget.
From a review of capital gains tax rates to suggestions to reduce the income tax rate
Decriminalize GST law.
Capital gains tax rates should be reviewed, and their rate and holding period should be changed.
The rates of personal income tax should be reduced. This will increase the disposable income of the people and increase the demand cycle.
Corporate tax rate to remain at the current level.
Capital expenditure stood at 3.3% to 3.4% of GDP, up from 2.9% in the current fiscal.
Focus on increasing employment before general elections
Economist SC Gulati says that after the next budget, the government has to face the general elections of 2024. It is expected that the focus will be on increasing employment in the budget. For this, expenditure on infrastructure, small and medium industries, and the banking sector can be increased. With the increase in investment in these three sectors, the economy will not only gain momentum but also the employment opportunities will also increase. Apart from this, the government will increase the expenditure in the agriculture sector, so that rural demand can be increased.
MS Dhoni: Will the Indian team win the World Cup 2023 title? The former captain gave this answer in his unique style
The journey of the Indian team so far in the World Cup 2023 has been excellent. The Rohit Sharma-led Indian team has won all five of its matches so far in the ongoing tournament.
Weather Update: Delhiites will not get relief from the rain, trouble on Rajasthan-MP also; Read the condition of your state
Monsoon rains have wreaked havoc in many states of North India. Delhi, Haryana, Punjab, and Himachal are still in the grip of floods. Meanwhile, the Meteorological Department has again issued an alert
Weather Update Today: Increased cold in UP and Delhi, rain alert in these states; Know-how is the weather today
Cold has arrived in almost all the states of the country. According to the Meteorological Department, many parts of peninsular India and some parts of central India, and one or two parts of northwest
Salman Khan reached IFFI 2023 and suddenly kissed a woman amidst the crowd, The video of 'Tiger' went viral within minutes
Salman Khan's film Tiger 3 has been released on Diwali. The actor is constantly in the news regarding the film. Meanwhile, now he reached Goa to participate in the International Film Festival of India
Argentina vs France Final: Celebration in India on Argentina's victory, fans took to the streets, PM Modi gave special congratulations
In the FIFA World Cup final played between France and Argentina, Argentina won a tough match. Argentina has won the FIFA World Cup after 36 years. With this, Lionel Messi's dream of getting his team
Weather Update: Sun's heat increased in many states including Delhi-Punjab, mercury crossed 40 degrees, yellow alert issued
The heat of the sun is increasing all over the country. The mercury has started rising due to the scorching sun. On Friday, the temperature was recorded at more than 40 degrees in many states
GSEB 12th Science Result 2023: Gujarat Board 12th Science Result will be declared today, will be able to see mark sheet at this time
Big news for Gujarat Board HSC Science students. Gujarat Secondary and Higher Secondary Education Board (GSEB) will announce the results of the Science stream Higher Secondary Certificate (HSAC) exam
CAA: 'India alliance is not going to come to power', Amit Shah's reply to the opposition on CAA, said - it is difficult to cancel it
The opposition has been continuously cornering the central government since the implementation of the Citizenship Amendment Act (CAA). He has accused the government of creating a new vote bank through
Grammy Awards 2024: Zakir Hussain created history, and won 3 awards together, Shankar Mahadevan also became a Grammy winner
The Grammy Awards hold the highest status in the world of music. This year the event is being held on Sunday (Monday in India) at the Crypto.com Arena in Los Angeles. Where many singers and singers
Amazon Layoffs: Amazon preparing to lay off 20,000 employees to reduce costs!
Once again, news of a large number of layoffs is coming from Amazon. Amazon can lay off about 20,000 people from its different departments. Employees of all levels from grade 1 to grade 7 will be