UNION budget fy22 Flashcards
Total estimate of all relief package announced by govt + rbi
25L crore+
what percentage of GDP is allotted to relief package?
13% of gdp (25L crore)
PM aatmanirbhar SWASTH Bharat fund over– years?
64,180 crore- over 6 years
Urban SWACH bharat mission- over how many years?
1,41k CRORE over 5 years
Jal Jeevan fund?
2.8 L crore
Vehicles will undergo fitness tests after?
Private vehicles - 20 years,
Commercial Vehicles- 15 years
How many mega investment textile parks to be established over 3 years?
7 new parks
Budget proposals for 21-22 stands over how many pillers?
6 pillars
what are the pillars of the union budget?
- Health and well being,
- physical and financial capital and infrastruture,
- Minimum govt and Maximum Goovernnce,
- Inclusive development for aspirational india,
- Reinvigorating Human Capital,
- Innovation and R&D
Fy22 capital expenditure is increased by what percentage compared to previous?
34.5% (aka 5.54 Lakh crore)
Length of national highway work planned at Tamil Nadu of 1.3 Lakh Crore is of what length?
3500 KKM
road transport and highway ministry allocated?
1.18 Lakh Crore
Finance minister allocated how much for discoms?
3 Lcrore
which energy mission was launched for 2021-22?
Hydrogen energy mission
what is the ujjwala scheme
scheme that gives free LPG to people, has extended to supply to 1 crore more
FDI limit for insurance increased to?
from before’s 49% now to 74%
what is ARC
Asset Redrisbution Companies- for bad loan management
incentive for what type of Start ups?
1 person companies
how much amount was paid to farmers for wheat procurement in 20-21?
75,000 cr
Disinvestment target for FY22?
1.75Lakh Crore Disinvestment includes 2 Public Sector Banks and Air India
fiscal deficit pegged for 21-22
6.8%
what was fiscal deficit of 20-21
9.5 %
govt wants to go down to 4.5% fiscal deficit by which year?
FY26 aka 2025-2026
Regulator for gold exchange?
SEBI
Total outlay for agriculture+rural sector budget allocated
16.5 Lakh Crore
Agri infra cess on alcohol beverages?
100%
deep ocean mission
4000 crore over 5 years
1000 crore allocated for tea workers of which state?
assam And west bengal
Total budget for fy22
34.83 crore
CAPITAL expenditure total?
5.54 Lakh crore
Defence budget?
4.78 lakh crore
Biggest source of revenue for FY22 ?
Borrowing and liabilities» GST» Income tax
BIggest expenditure of Fy22
Interest payment
what percentage of union budget to Aatma nirbhar abhyan ?
15%
Ministery of defence
4.78 lakh crore
health sector
73k crore
what takes up maximum portion of payments and by what percent?
- Interest payments- 20%
least portion of rupee payments?
Pensions- 5%
Maximum percentage of tax revenues are from ?? and what percent do they contribute to govt earning
GST - and they are 15% of total govt earning
Tax that contributes the least to revenue
Customs-3%
wwhat is the percentage of borrowing and liabilities
36%
income tax contribution is what % of govt earnign
14%
union govt spending on education?
3.5%
which countries will india partner with for skill development and recognition?
UAE and Japan
road length added to indian railway each day ?
22km
the scheme under which world class infrastructure will be created in textile sector
MITRA
dedicated sum for COVID vaccine only
35k crore
percentage of gdp for health secotr?
1.8%
total budget allocation?
34.83
what are the words used in the indian constitution instead of union budget?
Annual Financial report
- in article 112
wwho are the prime ministers that have presented the union budget?
Jawaharlal nehru
Rajeev gandhi
Indira gandhi
who presented the first union budget of independant india and when?
1947- by RK shanmukhan Chetty
who has presented the budget the most no. of times?
Morarji Desai- 10 times
Interim budget aka?
MINI BUDGET
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