How many priorities were adopted in the Union Budget for the financial year 2023-24?
A9
B7
C5
D12
Answer:
B. 7
Read Explanation:
Union Budget 2023-24 Priorities
The Union Budget for the financial year 2023-24 outlined seven key priorities, often referred to as the 'Saptarishi', which guided the government's fiscal strategy.
The Seven Priorities:
- Inclusive Development: Focusing on 'Sabka Saath, Sabka Vikas' (Development for all, Development with all), aiming to support farmers, women, youth, and other marginalized sections of society.
- Reaching the Last Mile: Ensuring that government schemes and benefits reach the intended beneficiaries, especially in remote and underserved areas. This includes initiatives for tribal and vulnerable communities.
- Infrastructure and Investment: Significant emphasis on capital expenditure to boost economic growth, create jobs, and improve connectivity across the country. The budget proposed a substantial increase in capital investment outlay.
- Unleashing the Potential: Measures to enhance productivity and efficiency in various sectors, promoting ease of doing business, and leveraging technology.
- Green Growth: Promoting environmentally sustainable practices and investments in renewable energy, energy transition, and climate action. This aligns with India's climate commitments.
- Youth Power: Focusing on skill development, education, and employment opportunities for the youth to harness their potential as a demographic dividend. Initiatives like the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) are central here.
- Financial Sector: Strengthening the financial sector to support economic growth, improve access to credit, and enhance financial inclusion.
Context:
- The budget speech was delivered by the Finance Minister on February 1, 2023.
- This framework aimed to steer the economy towards a sustained high growth path, balancing developmental needs with fiscal prudence.