CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What does union budget aim?
A
Digital Governance
B
Wealth Creation
C
National infrastructure pipline
D
None of the above
Explanation: 

Detailed explanation-1: -The general objective of the Union Budget is to bring about a rapid and balanced economic growth of our country coupled with social justice and equality. Following are the key objectives that highlight the importance of Union Budget in India.

Detailed explanation-2: -Union Finance Minister Nirmala Sitharaman on Sunday announced an outlay of Rs 4, 795.24 crore for the Digital India Programme as part of the Budget 2023-24 on Wednesday.

Detailed explanation-3: -The Vision for ‘Amrit Kaal’ articulated in the Union Budget for FY 2023-24 is centered around: Opportunities for Citizens with focus on youth. Growth & Job creation.

Detailed explanation-4: -Customs duty on cut and polished diamonds, gems to be reduced to 5%. Customs duty exemption on steel scrap is being extended by a year to help MSMEs. Customs duty on methanol to be reduced. Levying additional excise duty at Rs.2 per litre on unblended fuel to encourage fuel blending.

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