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Those who have crossed 60 years and those who have retired from service after 55 years of age, are eligible to join the SCSS scheme. The maturity period is five years.
As many as 157 new nursing colleges, 748 Ekalavya model residential tribal schools are to be set up across the country.
New agricultural programmes are provided under the priority areas of inclusive development and green growth. Digital infrastructure for agriculture will be built as an open source, open standard and inter operable public good.
With Railway Minister Ashwini Vaishnav announcing the revamping of Vande Bharat train production, Kerala, which operates a large number of long-distance trains, hopes to get one or two of the high-speed trains. It may also benefit from the decision to increase the routes of Bharat Gaurav tourist trains operated by private parties.
The Finance Ministry estimates that Kerala would get Rs. 1,500 crore under this programme next year.
Nirmala Sitharaman’s 2023 Budget is a classic structuralist Budget.
Real GDP growth is expected at 6.5 per cent and the government expects to borrow a record Rs 15.4 lakh crore to bridge the revenue gap.
Raising the rebate limit to Rs 7 lakh is expected to incentivise people to shift to the new tax regime and reduce their tax burden.
Stating that the proposals in the Budget were not beneficial for people at the grassroots level, Balagopal flagged the drastic cuts in allocations for major schemes.
The Union Budget for 2023-24 (April 2023 to March 2024) is the first normal budget after the COVID-19 shock and amid global geopolitical developments.