GS Paper 3: Topics Covered: Government Budgeting. Context: Finance minister Nirmala Sitharaman on February 1 presented a budget worth Rs 39.45 lakh crore with massive push to infrastructure spending. Note: Know about budget, what it means, related constitutional provisions and presentation stages here. Now, highlights of the 2022 budget: Total spending …
Introduction: The provisional estimates of annual national income (2020-21), released on May 31 by the National Statistical Office, did not have any surprises, but for one, that is, there is nothing encouraging in the numbers. India’s Gross Domestic Product (GDP) contracted 7.3% in 2020-21, as per provisional National Income estimates released by the National …
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