CURRENT AFFAIRS

Detailed explanation-1: -Finance Minister Smt. Nirmala Sitharaman holds 5th review meeting on CAPEX of CPSEs to boost expenditure in economy. Union Minister for Finance & Corporate Affairs Smt.

Detailed explanation-2: -Economic growth and spending promises In her 2022 budget, Finance Minister Nirmala Sitharaman said that India’s economic growth in the current fiscal year (to the end of March 2023) was “estimated to be 9.2%, [the] highest among all large economies".

Detailed explanation-3: -Sitharaman’s budget for the fiscal year starting April 2023 is her fifth straight since 2019. Other ministers who have presented five straight annual financial statements include Arun Jaitley, P Chidambaram, Yashwant Sinha, Manmohan Singh and Morarji Desai.

Detailed explanation-4: -The first finance minister of India was R. K. Shanmukham and delivered the first budget of India.

Detailed explanation-5: -Budget Division | Department of Economic Affairs | Ministry of Finance | Government of India.