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Union Budget live updates 2023-24

Contribution of Rs.2.40 lakh crore to Railway Department

Union Finance Minister Nirmala Sitharaman, who is presenting the budget for the fifth time in a row, has announced a huge grant of Rs 2.40 lakh crore to the railway department. This is the highest grant released to the railway department since 2013-14, Nirmala Sitharaman said in her budget speech.

A total of Rs 2.40 lakh crore has been allocated to Railways by the Central Government. He said that the work is continuously going on for the implementation of the big railway projects and in the coming months and years the benefits of the railway projects will be available to crores of people.

Chenab River Railway Bridge: The world’s highest Sinhalaï-arch railway bridge is being built over the Chenab River. The Chenab River Railway Bridge is a part of the Udhampur-Srinagar-Baramu rail link project. The 1.3 km long project with a budget of 92 million will connect the Kashmir Valley with the rest of India through a rail network.

Rapid train operation: A rapid train will run between Delhi-Meerut in 2025. This entire railway corridor will be completed in three sections. Its first section is 17 km long between Sahibabad to Dubai depot. The express train on this section will start running from March 2023 onwards. Tracking work has been completed in this section. Overhead equipment line installation work is going on here. From March 2023, it will start running for passengers between Dubai Depot and Sahibabad.

Mumbai-Ahmedabad Bullet Train Project: Construction started in parallel through eight districts of Gujarat and Dadra and Nagar Haveli. The bullet train project, which had been stalled for years, has recently gained momentum, including

Birbi-Sairong New Line Rail Project: Work is underway on the Birbi-Sairong New Line Rail Project to connect the northeastern state of Mizoram with the rest of the country. After the completion of the project, a new era will begin in terms of communication and commerce in the north-eastern region of the country, especially in Mizoram. The Bairabi-Sairang project aims to create an additional 51.38 km of rail line in Northeast India.

Bhalukpong-Tawang Line: The Bhalukpong-Tawang Line is one of the major projects in the North East, which caters to the extensive needs of the Army in a region where tensions with China are high. The proposed route will have several tunnels and is being constructed at an altitude of 10,000 feet. Similarly, he said, sincere efforts are being made to implement several rail projects in different states of the country.

in Maharashtra. According to officials, the project could be completed by 2027.

5300 crore for Bhadra Upper Bank Project

The state has been given a bumper contribution of 5300 crores in the current budget for the Bhadra Upper Embankment Project, which will supply permanent drinking water to Madhya Karnataka. Finance Minister Nirmala Sitharaman has given a grant of 5300 crores for drinking water and irrigation projects to Tumkur, Chitradurga, Davangere and other districts of Karnataka and this project as a national project. Announced.

Through this, the Bhadra Upper Bank Project has emerged as the first National Irrigation Project of the State. An area of ​​5,57,022 acres will be irrigated. The Bhadra upper bank has the distinction of being the first irrigation scheme of the state to receive national recognition. This is a large-scale irrigation project that provides facilities through drip irrigation. This will be a model for irrigation projects in other states.

Nirmala Sitharaman is the 6th minister to present 5 consecutive budgets

Finance Minister Nirmala Sitharaman has the distinction of being the sixth Finance Minister of India who is presenting the budget for the fifth time in a row. Previously, prominent Finance Ministers like Morarji Desai, Mahmohan Singh, Yashwant Sinha, Arun Jaitley, P. Chidambaram had presented the Union Budget five times in a row.

Nirmala Sitharaman, who has presented her fifth consecutive budget today, has earned the distinction of being the sixth finance minister of the country to present the budget for the fifth time. It is worth mentioning that Nirmala Sitharaman, who has presented the budget five times since 2019, is now the best finance minister of the country.

After taking charge of the finance ministry in the Modi government in 2014, Jaitley presented five budgets in a row from 2014-15 to 2018-19. Piyush Goyal, who had additional charge of the ministry due to Jaitley’s illness, presented the interim budget or Vote on Account for 2019-20.

After the 2019 general elections, in the Modi 2.0 government, Sitharaman was given the finance portfolio. Nirmala, who has been presenting the budget since then, has become the second woman minister to present the budget after Indira Gandhi in 1970-71.

Nirmala who got President’s approval

New Delhi, February 1- Union Finance Minister Nirmala Sitharaman is presenting her fifth and final budget of the NDA government for 2023-24 in the Lok Sabha today. Before this, he met the President and got his consent.

In the third consecutive year of paperless budgeting, the Union Minister continued the hi-tech culture in budget presentation by using tab. As the Lok Sabha elections will be held next year, there will be no opportunity for a full budget, only a budget of promises can be prepared and only appropriations will be available.

In this background, the budget presented this year is being considered as a full budget. Arriving in the Lok Sabha this morning, Munna Minister Nirmala Sitharaman visited her office along with Finance Department’s Associate Minister Dr. Bhagwat Kishan Rao, Pankaj Chaudhary and senior Akaris.

Later he met President Draupadi Murmu and approved the budget copy. Later, he attended the Cabinet meeting and held a discussion with Prime Minister Narendra Modi. After Nirmala Sitharaman presented the budget in the Lok Sabha, it was also presented in the Rajya Sabha.

India is considered to be the only fastest growing economy as the world fears a financial meltdown amid the global recession post-Covid. In this background, not only the countrymen, but the whole world was focusing on the budget of the Indian government.

Prime Minister Narendra Modi has pledged to make India a five trillion economy country by 2025. In this background, the budget of each year is also interesting.

Prime Minister Narendra Modi has pledged to make India a five trillion economy country by 2025. In this background, the budget of each year is also interesting.

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