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GUWAHATI, Feb 3: Prime Minister Narendra Modi on Friday asserted that the deprived and backward sections will be given priority in the government’s quest for development of the nation. Modi, during a virtual address at the ‘Krishnaguru Eknaam Akhand Kirtan’ in Assam’s Barpeta district, also said special provisions have been made in the Union Budget 2023-24 to increase the interest rates on women’s savings to empower them. “In order to make the income of women a means of their empowerment, […]

In order to make the income of women a means of their empowerment, the Mahila Samman Saving Certificate has been started. This will benefit many in Assam, Nagaland, Tripura and Nagaland and bring new opportunities for them, he said.

The Budget is spending heavily to boost growth. The expectation is that people will spend too and spur consumption to accelerate economic growth

Sitharaman, presenting perhaps her last budget before the 2024 general elections, announced that the government will increase the capital expenditure outlay by 33 percent.

Union Finance Minister Nirmala Sitharaman presented the Union Budget 2023-24 in Parliament on Wednesday.