#Budget -10 pointer vision for the decade

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What are extra budgetary borrowings?

According the budget document, “Extra budgetary resources (EBRs) are those financial liabilities that are raised by Public Sector Undertakings for which repayment of entire principal and interest is done from Government budget,”

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Zero-Coupon Bonds:

● A zero-coupon bond is a debt security instrument that does not pay interest.

● Zero-coupon bonds trade at deep discounts, offering full face value (par) profits at maturity.

● The difference between the purchase price of a zero-coupon bond and the par value, indicates the investor's return.

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Mega Investment Textiles Parks(MITRA) Scheme

● Objective: To enable the textile industry to
○ attract large investments
○ boost employment generation and
○ become globally competitive.

● As part of the scheme, Seven textile parks will be established over three years to attract investments and boost employment in the textile sector.

● These parks will have world class infrastructure with plug-and-play facilities to enable and create global champions in exports in the textile sector.

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🔥Urban Infrastructure Development Fund (UIDF)

●Budget 20203 announcement to set up UIDF.

●UIDF will be established through PSL Shortfalls like RIDF ( PSL : priority sector lending)

●Manage by NHB (National Housing Bank)

●Focus : Urban infrastructure in Tier2 &3 cities

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🗓Extra Shots

RURAL INFRASTRUCTURE DEVELOPMENT FUND
●Managed by NABARD

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📊 Complete Budget in One Shot for UPSC Prelims 2024

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Current + Static = Result

Capital Expenditure - It is an investment in assets that have a useful life extending beyond the current fiscal year and is intended to improve the future productive capacity or efficiency of the organization.

● Tripling of the capital expenditure outlay in the past 4 years.
● The outlay for capital expenditure for the next year is being increased by 11.1 per cent to 11 Lakh crore.
● This would be 3.4 per cent of the GDP.

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📊 Complete Budget in One Shot for UPSC Prelims 2024

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🔹 Part 2 - Live | 5 PM Click Here

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Current + Static = Result

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Summery

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📊 Complete Budget in One Shot for UPSC Prelims 2025

Today : Live 5pm

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All PYQs Covered