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Budget 2023: Capital expenditure outlay hiked by 33 percent to Rs 10 lakh crore

Finance Minister Nirmala Sitharaman who presented the Union Budget today announced a capital expenditure (CAPEX) outlay of Rs 10 lakh crore for the financial year 2023-24, a 33 percent increase from the allocation announced in the previous budget.

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Budget 2023

Finance Minister Nirmala Sitharaman who presented the Union Budget today announced a capital expenditure (CAPEX) outlay of Rs 10 lakh crore for the financial year 2023-24, a 33 percent increase from the allocation announced in the previous budget.

Sitharaman, in her budget speech announced the increase of capital investments outlay of Rs 10 lakh crore for 2023-24, a 33 percent hike, compared to the outlay of Rs 7.5 lakh crore for the previous financial year.

She said the capital investment outlay will be hiked by 33 percent to Rs 10 lakh crore, accounting to 3.3 percent of the GDP in 2023-2024 fiscal.

The Finance Minister also announced that 50-year interest-free loan to states will continue for another year.

Read Also: Budget 2023: No tax cuts yet but it is raining memes already

Sitharaman also announced a capital outlay of Rs 2.40 lakh crores for the Indian Railways, the highest-ever allocation since 2013-14. The massive allocation is to the benefit of the middle-class as it means the freight fare and passenger tickets won’t likely be hiked by the railways.

Sitharaman pointed out that the outlay was nine times the allocated amount made in 2013-14 during the Congress-led UPA regime.

Earlier, Sitharaman announced that the agriculture credit target will be raised to Rs. 20 lakh crores which will primarily focus on animal husbandry, dairies and fisheries.

Sitharaman who presented her fifth consecutive budget at 11: am today announced that the Union government will introduce Agriculture Accelerator Fund to boost agriculture startups by young professionals, especially in rural areas.

This is Narendra Modi-led BJP government’s last full-fledged Budget before the Lok Sabha polls early next year. Union Budget 2023-24 is also the first normal budget after the coronavirus pandemic.

Budget 2023 will meet expectations of every section, says MoS Finance Pankaj Chaudhary

Nirmala Sitharaman wears red saree for Budget 2023 | A look at her love for Sambalpuri, Ikat, Kanjivaram sarees

India News

Mamata Banerjee questions poll process, targets Election Commission after defeat

Mamata Banerjee accuses the Election Commission of misconduct after BJP’s historic win in West Bengal, questioning the fairness of the electoral process.

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TMC chief alleges irregularities in electoral process as BJP secures decisive victory in West Bengal

Mamata Banerjee on Tuesday launched a sharp attack on the Election Commission of India, accusing it of playing “nasty games” during the recently concluded West Bengal Assembly elections.

Reacting to her party’s defeat, the Trinamool Congress (TMC) chief alleged that the electoral process was not conducted fairly and raised serious concerns over the role of authorities in the outcome.

According to reports, Banerjee claimed that the mandate did not reflect the true will of the people, suggesting that irregularities and manipulation may have influenced the results. She questioned the credibility of the election process and indicated that her party would review the situation further.

The remarks came after the Bharatiya Janata Party registered a historic win in West Bengal, marking a major political shift in the state.

Banerjee’s criticism adds to a series of allegations made during and after the election period, where she had earlier also raised concerns about counting procedures and the conduct of central agencies.

Despite the setback, the TMC leadership has signalled that it will continue to challenge the results politically, while maintaining that democratic norms must be upheld.

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Himanta Biswa Sarma attacks Congress after Assam win, says people made Pawan Khera eat Pera

Himanta Biswa Sarma targets Congress after BJP’s Assam win, saying voters made Pawan Khera eat pera.

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Assam Chief Minister Himanta Biswa Sarma launched a sharp attack on the Congress after the Bharatiya Janata Party (BJP)-led alliance secured a decisive victory in the 2026 Assam Assembly elections.

Reacting to the results, Sarma took a swipe at Congress leader Pawan Khera, saying that the people of Assam had made him “eat pera,” a remark aimed at highlighting the party’s defeat in the state.

The BJP-led National Democratic Alliance (NDA) registered a commanding win, marking its third consecutive term in Assam. The BJP itself won a significant number of seats, while its allies — the Asom Gana Parishad (AGP) and Bodoland People’s Front (BPF) — also contributed to the alliance’s strong tally.

The victory underlines the BJP’s continued dominance in the northeastern state, with Sarma emerging as the central figure in the party’s campaign and governance narrative.

Political observers note that the scale of the mandate reflects voter support for the party’s leadership and its governance approach, even as the opposition struggled to mount an effective challenge.

With this result, the BJP has further strengthened its position in Assam’s political landscape, while the Congress faces renewed questions over its performance in the state.

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Yogi Adityanath warns of strict action against forcible land occupation

Yogi Adityanath has warned of strict action against those forcibly occupying land, directing officials to ensure quick resolution of complaints.

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Yogi Adityanath has reiterated that strict action will be taken against anyone found forcibly occupying others’ land, underlining his government’s firm stance against illegal encroachment.

According to media reports, the Chief Minister issued the directive while addressing grievances, making it clear that such cases will not be tolerated and will be dealt with through strong legal measures. He instructed officials to ensure that victims receive timely relief and justice.

Adityanath emphasised that protecting citizens’ property rights remains a priority for the state government. He directed administrative and police authorities to act promptly in cases of land grabbing and ensure that illegal कब्ज़ा is removed without delay.

The Chief Minister has consistently maintained a tough position on land-related disputes. In recent interactions with the public, he has stressed the need for swift resolution of complaints and warned officials against negligence in handling such matters.

He also highlighted that strict legal action should be taken against those involved in unlawful occupation, ensuring accountability and deterrence against repeat offences.

The move is seen as part of the government’s broader push to strengthen law and order and curb the activities of land mafias in the state.

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