2021
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Rs 1.68 lakh crore
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Rs 1.97 lakh crore
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Rs 1.45 lakh crore
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Rs 1.81 lakh crore
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Detailed explanation-1: -The government has assigned an outlay of ₹1.97 lakh crore ($26 billion) in the previous Union Budget (2021-22) for PLI schemes.
Detailed explanation-2: -Union Budget 2023-24 has earmarked Rs 8, 083 crore for production linked incentive schemes (PLI), a bulk of the money going for large-scale electronics manufacturing, which includes mobile devices, pharma, auto and auto components, and food processing.
Detailed explanation-3: -During the Union Budget 2022-23 speech, Finance Minister Nirmala Sitharaman declared additional funding of ₹19, 500 crores to enhance solar PV module production under the Production Linked Incentive (PLI) scheme.
Detailed explanation-4: -In June 2022, the government launched a Design-led PLI to build a strong ecosystem for 5G as part of the scheme for telecom & networking products. In September 2022, the government launched the PLI scheme (Tranche II) on ‘National programme on High-Efficiency Solar PV Modules’, with an outlay of Rs 19, 500 crore.
Detailed explanation-5: -The government is expected to spend Rs 8, 09, 701 crore on interest payments in 2021-22, which is 17% higher than the revised estimate of 2020-21. It makes up 23% of the government’s estimated expenditure in 2021-22. Expenditure on pensions in 2021-22 is expected to be Rs 1, 89, 328 crore (1% annual increase over 2019-20).