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Brain-booster / 13 Mar 2023

Brain Booster for UPSC & State PCS Examination (Topic: Union Budget 2023-24 : Part 2)

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Resilience amidst multiple crises

  • India's rising global profile is due to several accomplishments like
  • Unique World Class Digital Public Infrastructure namely, Aadhaar, Co-Win and UPI;
  • COVID-19 vaccination drive in unparalleled scale and speed;
  • Proactive role in frontier areas such as achieving the climate related goals,
  • Mission LiFE,
  • National Hydrogen Mission.
  • During the Covid-19 pandemic, Government ensured that no one goes to bed hungry, with a scheme to supply free food grains to over 80 Crore persons for 28 months.
  • Continuing with Centre's commitment to ensure food and nutritional security, Government is implementing, from 1st January 2023, a scheme to supply free food grain to all Antyodaya and priority households for the next one year, under PM Garib Kalyan Anna Yojana (PMGKAY). The entire expenditure of about Rs 2 lakh crore will be borne by the Central Government.

G20 Presidency: Steering the global agenda through challenges

  • The Finance Minister pointed out that in these times of global challenges; the G20 Presidency gives India a unique opportunity to strengthen its role in the world economic order.
  • With the theme of 'Vasudhaiva Kutumbakam', India is steering an ambitious, people-centric agenda to address global challenges, and to facilitate sustainable economic development.

Achievements since 2014: Leaving no one behind

  • Smt. Sitharaman said that the government's efforts since 2014 have ensured for all citizens a better quality of living and a life of dignity and the per capita income has more than doubled to Rs 1.97 lakh.
  • She said that in these 9 years, the Indian economy has increased in size from being 10th to 5th largest in the world.
  • The economy has become a lot more formalized as reflected in the EPFO membership, more than doubling to 27 crore, and 7,400 crore digital payments of Rs 126 lakh crore through UPI in 2022.
  • The Finance Minister pointed out that the efficient implementation of many schemes, with universalisation of targeted benefits, has resulted in inclusive development.
  • Inclusive development includes:
  • 11.7 crore household toilets under Swachh Bharat Mission,
  • 9.6 crore LPG connections under Ujjawala,
  • 220 crore Covid vaccinations of 102 crore persons,
  • 47.8 crore PM Jan Dhan Bank Accounts,
  • Insurance cover for 44.6 crore persons under PM Suraksha Bima and PM Jeevan Jyoti Yojana,
  • Cash transfer of Rs 2.2 lakh crore to over 11.4 crore farmers under PM Kisan Samman Nidhi.