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Live updates from the budget speech February 1, 2023
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Rs 15,000 crore allocated to Pradhan Mantri PVTG mission for next three years
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Budgetary allocation was curtailed or reported marginal increase across key ministries and social schemes
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Experts claim the reduced budget allocation to Rs 60,000 crore will not provide any employment to the economically vulnerable population
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Share of agriculture in the overall budget also fell sharply
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Scheme to promote wetland conservation through community participation
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Agriculture credit target goes up to Rs 20 lakh crore; Focus on livestock health and disease control programme in allocation
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Funds for central sector schemes and projects have been reduced to 113 crore from Rs 126 crore
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Slight jump over last year’s allocation of Rs 14,217 crore; does not account for inflation or foster research ecosystem
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MISHTI scheme could potentially attract private investments in carbon offset projects
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Allocation of about Rs 2 lakh crore for National Food Security Act compared to Rs 2.8 lakh crore last year
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Lesser allocation for health over the years also indicates that we need to go a long way to reach the target of spending 2.5 per cent of GDP for health by 2025
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Experts raised concerns over the impacts of mining on deep-ocean biodiversity
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5% CBG mandate to be introduced for all organisations marketing natural and biogas
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LPG subsidy cut by 75 per cent, food subsidy by 31 per cent, fertiliser subsidy by 22%
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MNRE budget is equivalent to just 26% of the Ministry of Petroleum and Natural Gas’s allocation
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Battery Energy Storage Systems with a capacity of 4,000 MWH will be supported with Viability Gap Funding, Finance Minister Nirmala Sitharaman said
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