Budget Highlights for UPSC, SSC and other sarkari naukri examsPhoto : iStockBudget 2023 was presented today, February 1, 2023 by Finance Minister Nirmala Sitharaman. During the presentation, FM Sitharaman stated that this would be the first budget for ‘Amrit Kal’. Under this, the Centre has revealed seven focus areas or “Saptarishis”. Read below for the detailed Budget highlights, especially for candidates appearing for the UPSC, SSC and other sarkari naukri exams. As per the announcement made by Finance Minister, Nirmala Sitharaman, the seven key focus areas under Budget 2023 were – Inclusive Development, Reaching the last mile, Infrastructure and Investment, Unleashing the nation’s potential, Green Growth, Youth Power and Financial Sector. During her Budget Speech, Sitharaman stated that this Budget has been built on the foundation laid by the previous budget and the overall blueprint draw for “India@100”.The aim for this Budget is to pave the road for ‘Amrit Kaal’ As per the Finance Minister. this would be done by creating a technology driven and knowledge-based economy, strong public finances and robust financial sector. Indian Economy and Budget 2023 As per the Union Finance Minister, India’s economy is on the right track. Despite the challenges faced through COVID-19 pandemic, the Indian Economy has a bright future ahead. Capital Investment gets major boost Union Budget 2023 has provided a major boost for capital investment. Finance Minister Nirmala Sitharaman has stated that capital investment outlay would be increased by 33 per cent to Rs 10 lakh crore, which would be 3.3 per cent of GDP. Fiscal Deficit for FY2024 reduced The fiscal deficit target for FY24 has been reduced to 5.9 per cent of the GDP. For FY23, the FD stood at 6.4 per cent for FY23. “I reiterate my intention to bring the fiscal deficit below 4.5 per cent of GDP by 2025-26,” stated Sitharaman. Budget 2023 highlights – Budget Speech download PDF Major schemes under Budget 2023 Centre would be allocating Rs 2 lakh crore to the PM Gaarib Kalyan Anna Yojana. Under this, free food grain would be provided to priority households for the next 1 year. Health Education and skilling would also be promoted under the new budget. Under this, 157 nursing institutes will be set up, in addition to medical colleges set up since 2014. ICMR labs also to be set up. National Digital Library, National Book trust and more would be set up in order to create accessibility and also inculcate the habit of reading amongst the youth.National Apprenticeship Promotion Scheme has highlighted in Budget 2023. Under this, stipend support would be offered to 47 lakh youths. Pradhan Mantri Kaushal Vikas Yojana, PMKVY 4.0 would also be launched within the next three years. Under this, the focus would move to development of skills as per the requirements of Industry 4.0 – such as Coding, AI, 3D printing and more. Candidates preparing for the UPSC, SSC and other sarkari naukri can also refer to the attached document of the Budget Speech 2023-24 made by the Finance Minister Above.