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Union Budget 21-22 provided capital outlay of Rs. 5.54 lakh crore, an increase of 34.5% over Budget Estimate of FY 2020-21, to boast economy after COVID-19 pandemic To initiate infrastructure development to boost the economy after COVID-19 pandemic, Union Budget 2021-22 has provided a capital outlay of Rs. 5.54 lakh crore, an increase of 34.5% over Budget Estimate of FY 2020-21. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Lo
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FAQ :
The Union Budget 2021-22 allocated a capital outlay of Rs 5.54 lakh crore.
Capital expenditure saw an increase of 34.5% compared to the Budget Estimate of FY 2020-21.
The increased capital expenditure is intended to boost the economy and initiate infrastructure development after the COVID-19 pandemic.
More than Rs 2 lakh crore has been provided for States & Autonomous Bodies towards their Capital Expenditure.
The PM GatiShakti National Master Plan is designed for providing multimodal connectivity infrastructure to various Economic Zones, aiming to integrate projects and improve logistics efficiency.
The National Infrastructure Pipeline (NIP) was launched with a projected infrastructure investment of around Rs 111 lakh crore during FY 2020-2025 to provide world-class infrastructure across the country.
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