Aurangabad, Feb 13 (Agency) Union Minister of State for Finance Dr. Bhagwat Karad on Sunday claimed that, finance minister Nirmala Sitaraman who was presented the general budget on February 1 in parilment, an attempt has been made to provide equal justic to all the sectors. Addressing a press conference here on today,Dr Karad said that a total estimate budget of Rs 45.03 lakh crore which is more 11 percent than last year budget has been presented for the year of 2023-24 which capital expenditure is Rs 10 lakh crore.
In a particular a provision of Rs 1.20 lakh crore has been made in budget to help all the state in this efforts will be made by ministry of finance to distribute equal funds without discriminating against any state. This amount will be provided to the states without charging interest for the next 50 years. So,the development of country gets momentum in short time. Dr Karad claims that budget of 2023-34 reflect the continues strong commitment by the union Government to promote economic growth by investing in infrastructure development in country. Along with this, provision of large amount made in budget to provide relief to the poor, women, farmers, traders. MSME and Industries on large scale.
This budget will provide relief from inflation and employment opportunities for the unemployed,he said. Talking about Indian economy Dr Karad said that, in last three years all the countries faces two series crashes including Covid-19 and Ukraine-Russia war. Due to which economic situation on world level has shaken, India’s economic growth rate is estimated to be seven percent despite the global slow down in the last three years. Because of this India’s economic has remained at number 5 in world in last last 8 years. Modi government is making efforts that by 2026 our country should reach the third position after America and China in better economic condition, he added.