Financial support will be provided to farmers to engage in agroforestry

Union Budget 2022 Live Updates:

►Rs 19,500 cr additional allocation for PLI for manufacturing high efficiency solar modules has been made

►Financial support will be provided to farmers to engage in agroforestry

►68% of defense sector capital will be reserved for local industry

►The government is committed to reducing imports and promoting self-reliance in the defense sector

►To reduce indirect costs for suppliers, surety bonds will be acceptable

►A spectrum auction will be conducted to deploy 5G mobile services by 2022-23 by private companies

►5 existing academic institutions for urban planning to be designated as a center of excellence with an endowment fund of Rs 250 cr

►5 pc of USO fund to be provided for R&D and technology upgrading

►The electronic passport with integrated chip will be deployed

►2,000 km of rail network will be placed under indigenous KAWACH technology for safety and capacity increase

►75 digital banks in 75 neighborhoods will be set up by commercial banks programmed to encourage digital payments

►All post offices will be connected to Core Banking Solution to promote financial inclusion

►Next phase of ease of doing business, ease of life to launch

►Data exchange between all-mode operators will be integrated on a unified logistics interface platform to enable efficient movement of goods

►A Class 1 TV channel to be set up to provide additional education for children to compensate for the loss of formal education due to Covid

►Recognizing the importance of ‘Nari Shakti’, 3 programs have been launched to provide integrated development to women and children, says FM

►For mental health counselling, a national telemental health program will be launched

►Digital university to be created to provide education; to be built on the hub and spoke model

►100 PM Gati Shakti terminals to be installed over the next three years

►Launch of Desh stack e-portal to promote digital infrastructure

►ECLGS scheme will be extended till March 2023 and extended warranty coverage from Rs 50,000 to Rs 5 lakh cr

►Economic recovery benefiting from public investment and capital spending, according to FM

►2022-23 has been declared the International Year of Millet

►Central and state government efforts leading to jobs, entrepreneurial opportunities; says FM

►One station product will be popularized, 400 new Vande Bharat trains will be introduced

►A streamlined program to increase domestic oilseed production will be put in place to reduce imports, says FM

►Large private investments in infrastructure would be guided by Gati Shakti: FM

►Sharp economic rebound reflected in 2021-22, growth expected at 9.2%, says Finance Minister Nirmala Sitharaman.

►The virtuous cycle of investment should relaunch thanks to capex and the influx of private investment: FM

► NARCL has started its activity, indicates FM

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