Union Finance Minister Nirmala Sitharaman revealed on Wednesday during her Union Budget speech in the House that 50 more airports, helipads, water aero drones, and advanced landing grounds will be revived to strengthen regional air connectivity in the country.
“50 additional airports, helipads, water aero drones, and advanced landing grounds will be revived to improve regional air connectivity,” Sitharaman announced in Lok Sabha. At 11 a.m., Sitharaman began her Budget speech, the last full Budget of the Modi government’s second term. Union Budget 2023-24, like the previous two Union Budgets, is presented in paperless form.
This year’s Budget is significant since the country’s next Lok Sabha election is expected for April-May 2024.
As is customary, Finance Minister Nirmala Sitharaman, state ministers Pankaj Chaudhary and Bhagwat Karad, and Finance Secretary T V Somanathan paid a visit to President Droupadi Murmu.
Sitharaman is presenting her sixth budget.
The budget session of the Parliament opened on Tuesday with the President’s address, after which the Economic Survey for 2022-23 was tabled. On October 10, the formal process of preparing the annual Budget for the next fiscal year (2023-24) began.
The Economic Survey, which was tabled in Parliament on Tuesday, stated that India’s GDP is likely to increase at a rate of 6 to 6.8 percent in the fiscal year 2023-24. This compares to a projected 7.7 percent this fiscal year and 8.7 percent in 2021-22.
