Nirmla sitharaman - Latest News Update, Information, Photos & Videos on Nirmla sitharaman at Lokmat Times

New Delhi, Feb 1 Union Defence Minister Rajnath Singh on Tuesday said that the Union Budget would give fillip to 'Make in India', boost demand and build capacities for a stronger, prosperous and confident India.Congratulating Finance Minister Nirmla Sitharaman in a series of tweets, Singh said, "Congratulations to Finance Minister, Smt @nsitharaman on presenting an excellent Union Budget for 2022-23. It is a Budget which would give fillip to 'Make in India', boost demand and build capacities for a stronger, prosperous and confident India.""The Budget outlines the Government's focus on Atamnirbharata and Prime Minister Narendra Modi's vision for development and pro people reforms. It is a growth oriented Budget focused on harnessing the energies of New India," he said.The Defence Minister also welcomed the funds allocated for Research and Development in several sectors including Defence. "Substantial amounts have been allocated towards Research and Development in several sectors including Defence. The proposal to reserve 25 per cent of the R&D Budget for Startups and Private entities is an excellent move," he said.He mentioned that the bulk of the money will be going into the development of social and physical infrastructure in the country. "This year's Budget has increased the total outlay for effective capital expenditure by a massive 35.4 per cent to more than Rs 10.6 lakh crore with the bulk of the money going into the development of social and physical infrastructure in the country," he said.Singh said that the 68 per cent of defence capital procurement budget has been allocated towards local procurement and it is in line with the 'Vocal for Local' push and it will certainly boost the domestic defence industries."Digitalisation of land reforms will transform India's rural economy and it will go a long way in creating new opportunities for the farmers and the agriculture sector. I wholeheartedly welcome this year's Budget announcements," the Defence Minister added.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Nirmla SitharamanFOLLOW

Nirmla sitharaman, Latest News

Maharashtra :Maha deputy CM Devendra Fadnavis terms Budget 2023 presented by Nirmala Sitharaman as Sarva Jan Hitai

Maharashtra state deputy chief minister Devendra Fadnavis said that the Union Budget has taken interests of all sections of ... ...

International :Budget would give fillip to Make in India: Rajnath Singh

New Delhi, Feb 1 Union Defence Minister Rajnath Singh on Tuesday said that the Union Budget would give ... ...