BANKING AFFAIRS

Detailed explanation-1: -He announced increase of budgetary allocation on infrastructure for 2018-19 to Rs. 5.97 lakh crore against estimated expenditure of Rs. 4.94 lakh crore in 2017-18. The Government has made an all-time high allocation to rail and road sectors and is committed to further enhance public investment.

Detailed explanation-2: -7.28 lakh crore in RE 2022-23. The Statements of fiscal policy highlighted that the capex is almost 3 times of the capital expenditure in FY 2019-20. The key infrastructure and strategic Ministries such as Road Transport and Highways, Railways, Defence, etc. will lead in driving the capital expenditure in FY 2023-24.

Detailed explanation-3: -Summary: Finance Minister Arun Jaitley presented Union Budget 2018–19 in Parliament on 1 February 2018.

Detailed explanation-4: -7524.87 Crore for the year 2021-22 is the highest ever for the Tribal Affairs Ministry :Sh R. Subrahmanyam. The Ministry of Tribal Affairs has been allocated Rs. 7524.87 Crore in the Budget for the year 2021-22 which is an increase of 36.62 % over the previous year’s Revised Estimate of Rs.

Detailed explanation-5: -Revised Estimates 2022-23: The total expenditure is Rs 41.9 lakh crore, of which the capital expenditure is about Rs 7.3 lakh crore. The fiscal deficit is 6.4 per cent of GDP, adhering to the Budget Estimate.