Page 11 - NIS English 16-28 Feb 2022
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Union Budget | Economy


               BUDGETARY ALLOCATION                            same  opportunity  as  the  elixir  of  freedom,  when

               AS PER THE DEPARTMENT                           India  once  again  took  up  the  task  of  becoming
                                                               a nation of golden resolutions. When the Covid
                     Defence Ministry
                                                               disaster struck the world, India was no exception.
                   5,25,166.15                                 However,  in  saving  the  country  from  the  Covid
                                                               epidemic,  the  way  the  government  prepared  and
                                                               made the harshest decisions not only prioritised
                                                               saving lives with the mantra of Jaan Bhi Jahan Bhi,
             Consumer Affairs, Food, and                       but also lifted the country's economy from a state
             Public Distribution Ministry                      of decline to a state of prosperity. Even in the midst
                                                               of the epidemic, the economy took a big leap, and
                    2,17,684.46                                the GDP that had gone negative made a comeback,
                                                               registering a record jump in the "V-shape."
                                                                  In reality, the Corona era has made the country
           Road Transport & Highways Ministry                  and the rest of the world believe that only a
                                                               country  that  thinks  outside  the  box  and  puts  its
                      1,99,107.71                              ideas  into  action  can  today  lead  the  world.  This
                                                               is why, during the Corona period, India disproved
                                                               all the fears and, as a result of its success, turned

                  Ministry of Home Affairs                     the  self-reliance  campaign  into  a  movement.
                                                               The  government  played  the  role  of  guide  and
                   1,85,776.55                                 accomplice in the change in India's global image
                                                               during  the  Corona  period,  whether  it  was  the
                                                               construction  of specialised hospitals in the war
                     Ministry of Railways                      against Corona or the initiative to lead India in the
                                                               manufacture of ventilators, N-95 masks, PPE kits,
                   1,40,367.13                                 and finally the vaccine. As a result, private-sector
                                                               entrepreneurs  gained  confidence  and  increased
                                                               their investments.
              Ministry of Rural Development                       In  the  last  few  years,  India  has  laid  such  a
                   1,38,203.63                                 cornerstone  of  all-round  development,  due  to
                                                               which  the  world  has  started  looking  with  hope
                                                               towards  this  democratic  country.  Initiatives  like
                                                               multimodal infrastructure, favourable opportunities
           Ministry of Chemicals and Fertilizers               for  investment,  nutritious  food  for  every  citizen
                                                               from the POSHAN Mission and globalisation of
                    1,32,513.62                                production through schemes like PLI have taken
                                                               steps towards making India self-reliant. As a result
                                                               of its strong leadership, India set a grand goal of
                                 All Figures in Crore Rupees   becoming  a  group  of  developed  nations  in  the
                                                               next 25 years. Every year, the central government's
                                                               general  budget  moves  forward,  drawing  a  long-
             Udyam, e-Shram, NCS and                           term blueprint.

            ASEEM will be interlinked                          FROM DIGITAL AND TECHNOLOGY TO THE
                                                               ULTIMATE GOAL
                                                                  The general budget is now completely paperless,
        point in its history when it must redefine itself. The   and digital technology has become the basis for
        greatest disaster in the last century altered people's   carrying out the government's resolutions. The
        perceptions of the world, altered the way they worked   significance of technology in the 21st century can
        and thought, and gave birth to new innovations. This   also be gauged by the fact that, for the first time in
        provided world's youngest country India with the       the country, the last person in line of society became

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