Budget 2023: Govt targets 5 MT of Green Hydrogen production by 2030, FM Nirmala Sitharaman says

Green growth Government is targeting 5 MT of Green Hydrogen production by 2030, Union Finance Minister Nirmala  Sitharaman today said while presenting Budget 2023 -- her last full budget of the Narendra Modi 2.0 government before the general elections scheduled next year.  

The Budget2023 adopts 7 Priorities which acts as Saptarshis guiding through Amrit Kaal, the FM said while reading her budget speech. Green growth will be one of its priorities apart from other priorities including Inclusive development, Reaching last mile, Infrastructure & investment, unleashing potential, Youth Power, Financial Sector. 

#Budget2023 adopts 7 Priorities will act as Saptarshis guiding through #AmritKaal

1 Inclusive development
2 Reaching last mile
3 Infrastructure & investment
4 unleashing potential
5 Green growth
6 Youth Power
7 Financial Sector: Finance Minister @nsitharaman#AmritKaalBudget pic.twitter.com/yt7bSyY5AO

— PIB India (@PIB_India) February 1, 2023

"We are implementing programs like green fuel, green energy etc. for efficient use of energy across economic sectors These green growth efforts help in reducing carbon intensity of economy & provide large scale job opportunities," the Finance Minister said.

Stock Market Today LIVE Updates: Meanwhile, Indian equity benchmarks Sensex and Nifty50 built on their intraday gains as Finance Minister Nirmala Sitharaman rose to present the Budget in Parliament. This Budget, the first in Amritkal, is a blueprint for the next 25 years, said Sitharaman in her Budget speech. The Indian economy is estimated to expand seven per cent despite a slowdown across the world, the finance minister added. 

Union Budget 2023 LIVE Updates, Budget 2023, Union Budget 2023-24, Budget Live: The countdown for Finance Minister Nirmala Sitharaman’s Union Budget – the last full budget of the Narendra Modi government before the General Elections 2024 and several state assembly elections – has begun. FM Sitharaman’s task is cut out as she will have to carefully balance populist expectations along with fiscal prudence in a challenging global macro environment with signs of slowdown already seen in the tech sector across the world with job layoffs et al. Inflation particularly on the food prices front remains an elevated concern as well given India’s huge public distribution system as well. The salaried class is also expecting a major overhaul in the existing income tax slabs and relaxations in deductions to leave more money in their pockets.

Also Read: Budget 2023: FM Nirmala Sitharaman announces package for "Vishwakarma" artisans; move to integrate them with MSME value chain

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