Thrust on Capital Expenditure Context: Union Finance Minister Nirmala Sitharaman announced a 35 per cent increase in the outlay for capital expenditure in Financial Year 2022-23 in her Union Budget 2022 speech on February 2, 2022. The capital expenditure will be increased […]
India – UK FTA Context: Prime Minister Narendra Modi and Boris Johnson announced their shared vision last year for a transformative decade for the India – UK partnership. The two leaders declared their ambition to more than double the bilateral trade by 2030. Background: […]
National War Memorial Context: Sharing a video tweet from Table Tennis player Manika Batra of her visit to National War Memorial, the Prime Minister, Shri Narendra Modi urged everyone to visit National War Memorial. About: The National War Memorial in India is a […]
Emergency Credit Line Guarantee Scheme Context: The Union Budget for 2022-23 has announced several measures for the micro, small and medium enterprises (MSMEs) sector that included extension of the Emergency Credit Line Guarantee Scheme (ECLGS) till March 2023. Background: Union Finance Minister […]
Budgetary Allocation to MEA Context: The Budget has allocated funds for projects related to Afghanistan. The Ministry of External Affairs will have ₹200 crore to spend on Afghanistan. The MEA will also dedicate ₹600 crore for Myanmar which is currently reeling from a civil war […]
GIFT City Context: Taking forward its efforts to further promote the International Financial Services Centre (IFSC) in Gujarat, the government has proposed Income Tax incentives to promote various business activities such as ship leasing and financing, offshore fund management and offshore banking activities […]
National Ayush Mission Context: Cost effective Ayush services under the National Ayush Mission (NAM) have gotten major boost in the Union Budget 2022 presented by Finance Minister Nirmala Sitaraman today. The total allocation of budget to Ayush Ministry in last 7 years has increased […]
PM GATISHAKTI NATIONAL MASTER PLAN Context: PM GatiShakti is a transformative approach for economic growth and sustainable development. The approach is driven by seven engines, namely, Roads, Railways, Airports, Ports, Mass Transport, Waterways, and Logistics Infrastructure. While presenting the Union Budget 2022-23 in Parliament […]