Page 15 - NIS English 16-28 Feb 2022

Union Budget | Economy

THE DIGITAL RUPEE WILL
NOW BE USED
Union Finance and Corporate Affairs
Minister Nirmala Sitharaman announced the
introduction of the digital rupee in the Union
Budget 2022–23.
This digital rupee will be issued by the
Reserve Bank of India in 2022-23.
The Central Bank Digital Currency (CBDC)
will give the digital economy a significant
boost.
According to the Finance Minister, digital
currency will enable a more efficient and
cost-effective currency management
system. Block chains and other technologies
will be used in digital currency.

SPORTS BUDGET HIKED

This time, the sports budget has been
increased by Rs 300 crore. The sports
budget for the years 2021–2022 was Rs
FISCAL DEFICIT 2757.02 crore, but it has been increased to
Rs 3062.60 crore for the years 2022–23.
Percentage deficit trend of GDP This time, the sports budget has been
increased by Rs 305.58 crore.
10.00 9.50 Khelo India's budget has also been increased
9.00 as a result of this. Its budget was Rs 879
8.00 6.9 6.4 crore last year, but it has been increased to
7.00 Rs 974 crore this year.
6.00
5.00 4.10 3.90 3.50 3.50 4.60
4.00 3.40 KEN BETWA LINK TO FULFILL DREAM OF
3.00 CONNECTING RIVERS
2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 Actual 2020-21 Revised 2021-22 Revised 2022-23 Estimated The Ken-Betwa connectivity project will be
implemented at a cost of Rs 44,605 crore.
It intends to provide irrigation services for
9.08 lakh hectares of farmland, drinking
water for 62 lakh people, 103 MW of
hydroelectric power, and 27 MW of solar
power.
The Revised Budget Estimates for 2021-22
allocate Rs 4,300 crore to this project, and
Rs 1,400 crore in 2022-23.
In addition, the draft DPRs of five river
links namely Damanganga-Pinjal, Par-
Tapi-Narmada, Godavari-Krishna, Krishna-
Pennar and Pennar-Cauvery have been
finalised.

New India Samachar February 16-28, 2022 13