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India announced on Wednesday one of its biggest ever increases in capital spending for the next fiscal year to create jobs but targeted a narrower fiscal deficit in its last full budget ahead of a parliamentary election due in 2024.
With a thrust on better logistics and infrastructure, ease of doing business and inclusive development, the union budget 2023-24 presented by Finance Minister Nirmala Sitharaman in Parliament on Wednesday sought to lay out the vision for Amrit Kaal and contained several new initiatives cutting across sectors.
The Union Budget 2023-24 gives special attention to green growth involving energy transition, achieving net zero target of 2070, mangrove plantation and conserving wetlands
Get latest articles and stories on Business at LatestLY. The Finance Minister also mentioned that Prime Minister Narendra Modi has given a vision for "LiFE", or Lifestyle for Environment, to spur a movement of environmentally-conscious lifestyle. Business News | Budget 2023: India is Moving Forward Firmly Towards Net-zero Carbon Emission by 2070, Says Sitharaman.
During her Union Budget speech on Wednesday, Union Finance Minister Nirmala Sitharaman said India was moving forward firmly for the 'panchamrit' and net-zero carbon emission by 2070 to usher in green industrial and economic transition.