Union Budget

2023 - 24

( By IAS PCS Pathshala )

Table
of Content

①
Constitutional Provision Related
Budget
to

⑥ who
prepare the Budget?
③ Vision for Amrit Kaal.

④ Four
opportunities for Amrit Kaal.

③ Saptarishi Priorities
of Budget
-
7

⑥ /
Budget Money
comes
Money Goes.
-

⑦ Trends and
graphs
Economy
⑧ Allocation various
to sectors and schemes.

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Constitutional Provision Related to Budget

"Budget"
① The term is nowhere mentioned in the

constitution.

Budget annual
financial statement
of Revenue and
->

Expenditure for next [1,R MES

year
>primary fiscal
tool.
policy
Article 112 Annual
financial statement
-

Parliamentary approvalsmandatory
Article 266
-

draw a
to

Article 265 No tax shall be levied/collected except

by
-

authority of
law.

Hence, Finance Bill passed to collect taxes.

Article 14 -

Appropriation Bill -> to obtain parliament permission

to
spend CFI.

money from
#Finance & Bill ->
Bill
Approciation Money
Bill under As 110.

changes Budget after

#Few in aok

①
Mearging Railway General
Budget.
&

② No
Separate Plan and Non-Plan Expenditure.
 presentation is (from Feb)
Advancing Budget
③ to Feb 28

prepare Budget?
#who the

①
Affairs Budget
Economic -> Division

② Revenue
-Economic under
Min
of ③ Expenditure survey
guidance of
Finance CEA.
⑭ Financial services

⑤
DIPAM

⑥ Public Enterprise

'Amvit Kaal-
vision
for India
roadmap for544th years
inclusive and
for
empowered anomy
>opportunites for citizens, esp. youths

growth
job creation
>impetus to a

-strengthening macro-economic
stability.
Four
opportunities for Amrit Kaal

India glow.
focus during
area

① Economic
Empowerment of women
Problem "I,
lack
of opportunities, low
employment, opport
livelihood
-

force participation (-30%)

allevation, poor labour
poverty
sol-transform 81 lakh suas intolarge purd" enterprises
under DAY-NRLM.

& PM VIKAS (Vishwakarma Kaushal Sammans

problem Low
skill,
Disguised unemployment, poor credit
-

facility.
-
So provide
financial assistance skill
training
to
+

traditional artisan and

craftmen.
③ Tourism ④ Green Growth

↳
Job creation
the PPP providing green job, green
neutral
growth
carbon
energy,

SAPTARISMI

7 purities
Budget 203-2u
 ① Inclusive Development

Digital
I Public
Infrastructure
Fund'-s
a)
Agriculture Accelerator
financial
opensupportanalog
entrepresent to

Agriction 3) Atmanisbhar Bharat Horticulture

provide
og qualityplanting
clean plant - >

I
disease
free
an

material.

problems 4) Shree Anna' - Millets

and
income,
largestproducer largestexporter
+
->

farmer
low
-

Millet
ow Osrtusductivity of
-

Indian Institute Millets Research,

of
->
youth in
Less
Agri
-

poor credit access

Hyderabad, promoted as centre
-

↑
excellence.
Technology penetration
-

low

Fisheries
5)
->
PM Matysa Sampada
Yojna (new subschemeI
to
value fisherman,
focus on
chains.
micro-enterprise,

Health and Education 1

Nursing dys
157 New

Problems 19:1000 a) sickle Anaemia Elimination

=so Mission
cell
eliminate
by o-no
->

Low Nurse:Patient Ratio 2017 (screen zo blw

-Lack
quality
affordable age)
&

eke.of

-Developmedical e
are
3)National
Digitaladolescent
Library for
->

castmiles (Tribals)
Reaching children
quality
-
&
books)
④
Reaching
the last Mila

D
Aspirational Blocks
Programmes in (on
->
500 blocks lines
of
ADP); provide essential
gort
services.

a) PM PVTG Development Mission ->

provide basic
facilities
etc) allocated
housing
a clean water, byr.
or
15K
for
3) Model Residential School-recruit 38,800 teachers
Ekavya
for EW EMRS.

4) upper Bhadra
Project
->
liftirrigation project; water
for drought
water
irrigation facility, drinking facility.
areas miso
prove

3) Bharat SMRI (Bharat Shaved

Repository of Inscriptions)
to be
setup digital epigraphy museums,
digitise
-

I lakh ancient
inscription.
6) support Poor Prisoners
financialassistance
->
to to
poor
bail amt.
arrange
Problems "Sabka sath, sabka Vikas"

Reachingof basic vulnerable sections

-

most
to
-

Lack infra; uneven economic

development
PVs -

lacking
basis
infa; excluded
pup;
-

literacy, health,
genetic
low poor
diseases

Regional,affectbinigth broughtadihordpub,an
-

food security
 ③ Infrastructure and Investment

D)
Effective Capital Expenditure 13 lakh or
->

Road (r)
Biggest
allocation 22.61akh
Infra
->

Railways (2.4 lakh or)

2) Urban
Infastructure Development fund
->
setup using
NMB);create
PSL
shortfall (by urban
infra in Tier 2-3.

Problems
High ICOR
-

-clearance

Financingtheing
lackof technolog
Jacking-Human Resource, skie
I

:antingplanned
geometer, transport in

④ potential
Unleashing the

1) Mission
Karmayogi-> under this
:not
launched online
training Platform
Karmayogi-> govgrau loykills.

a) Make Al in India and Make Al

for India

a centre
of
Excellence be
to
setup.
-

National Data Governance

Policy
3)

access to
anonymous
data tobe used
by startup/industry)
-
 4) vivad se Vishwas

i) USU I->
settling contractual
obligation of MSME

ii) VSUI
undertaking.
"

of
->
Gort
"

5)
Entity Digi storing sharing ateasiness
locker -> &

6) cab grown Diamonds prod" of

encourage indigenous
Las seeds
-

and mic reduce

to
import dependency.
problems -

focus on MIR
lack R&D
in Al
of
-

-
Job loss to
potential job res
monest
honouring requirement
the
-

21st taxation
-Meeting system
of century
miningelectation
-environmentfiendlypractices for Research

⑤ Green growth

Green
Hydrogen
Mission -
reach annual
to
prod" of 5MM+
(719,700x)
by
2030

235,000 or for enagy transition and net zero

objectives.
->

2) queen credit sustainable

giving environmentally
-> loans to

initiatives. climate
friendly behaviours.
I
encourage
(notified under EPA, 1972)
 5
3) GoBARdhan Scheme - >

500'waste to wealth' plant + 200

4 plant
Disposal,
-

promote
Economy, Proper
Circular waste

sanitation, waste to
Biogas/fertilizers, Income

4)
Bhartiya Khel-> Bio InputResearch
Prakritik
distribute
centre

Biofertilizer farmers.
to
to

adopt natural farming

chemical
free agriculture.
MISUTI
5)
'Mangrove Initiative for shoreline Habitat &
Tangible
->

income'

coastline and
>plant salt
mangoes along
the
on
pan,
MANGEGA CAMPAFund.
using
6) Amrit Bharohar
optimal of wetland
->incouragefirst
use t
ecotourism
opportunities + income

genera
enhance
biodiversity.
7) PM-PRANAM promote and
alternative
fertilizers
->

balanced chemical
use
of fertilizers.

Problems
Meeting," GTargetMeet
-

climate
change
-

Decarbonisation vs Industrilisation
-

Reduce carbon footprint.

Groute
arean Economerreen
-

Regional Disparity.
-
 ⑥ Youth Power

I PM Kaushal Vikas
Yijna isbeingcourses
4.0 -

a) National promotion Scheme

All India
Apprenticeship
DBT to provide stipend support to 47 lakh in
youth
-

3yrs.

Tourism Dekho Desk - Tourist

Apna Develop 50
Destination

Unity Mall ->

promote opop, at product
other
handicraft product
Problems

-Lasi
-
s
Reaping
acudens,
Demographic
mismathe

Dividend

⑦
Financial Sector

Revamped credit qurantee

1) scheme ->
for MSME;collateral
loan.
free
a) National financial Information Registry ->aatparation.I
help giving
in loans,
->

flow.
credit

3) Mahila Samman Praman Patra-> small

Bachat scheme;
saving
2 lakh in
Mar 2025;
upto offer Depositfacility upto name
 of girl/women. & 7.5% rate.
interest

Problem poor credit

availability
-

MSME
to
-
Bad loans publi
asymmetry
Information sowerment
-

women
em
-

① ⑪

②
②
③ ③

Direct Tax > Indirect Tax Defences subsidies Pensi

collection

central sector
centrally
- -f
Sponsored
Progression Requisition
~Notfunded Certai ngene
implemented
byca
by
State

Read
(Fisalfederalismi
->
 (45.03 (r)
Budget
lakh

Revenue Capital
RR RE CR CR

Tax Non-Tax Debt Non-Debt

[45-03 lakh or)

[45.03 lakh ()

centre
+* state capex grant
 Trends and Graph
Economy
various
Deficit BudgetEstimates (23-24)
GDB 217.81akh ar)
1) Fiscal
Deficit 5.9%8
ar)
C) Revenue
Deficit 2.9%
of SDP (8.5 lakh

3) Effective RD 1.7% (4.919kh

GDP (r)
of
GDP (7 lakh or)
4)
Primary Deficit 2.5%
of

9.2 wo

rat
6.4
3.5
Fiscal
⑮

6.7 .

4. I Deficit

19-28 20-21 21-22 22-23

ab-zu
(BE)

7.3
B

Wit
Revenue
n.y
Deficit
Sy

· 2.9
3.3

city
19-20 colze
assig
↑

8.7
↳

67
7
.
es9 q

3-7 GDP

growth
D

iguzo aiz as 23-24

-
6.6
20 -
21

607 Forex
in

577 Reserve
9

ni
563

478

I · I

19-20 20-21 21-22 22-23

13

11.5

WBI

6.2
6.f
Inflation
CP1
4.8
3. E

1.7 1.3

21-22 22-23
19-20 00-21

13.7
·

1.5
CapEx
~

8 8.4
6.4
 and Allied
Agri
3.3
3.5

3.3 3.8

1910 2012 einze 22-23

10.3

Industry
5.5
4.1

19-28
18 19
-

20-2 2 -

xi2-23
-1.4

-
3.3

9.1

8.4

6.3 services

20-21

19-20 21-22 22-23

-
7-8
 #Individual
earning
Flakh
upto
have
pay any
will not to

tax.

Income slats
s
five
limit lakh.
and tax
exemption upto 3