Building on the momentum from the previous two quarters, India's economic growth surged to a six-quarter high in the third quarter of FY24, exceeding 8% for the third consecutive time.
The meeting started at 5 p.m. and Chief Minister Nitish Kumar was also present.
As per the First Advance Estimates of National Income of FY 2023-24, presented along with the Finance Minister’s speech, India’s Real GDP is projected to grow at 7.3 per cent.
The healthcare sector has emerged as one of the fastest-growing segments, with the provider segment crossing the $132 billion mark, growing at a CAGR of 16-17 per cent.
The Finance Minister said the corpus will be established with a 50-year interest free loan.
Clarification came after media reports claimed RBI titled "Discussion Paper on Charges in Payment System" has discussion of service charge on UPI transactions.
"In view of the concerns expressed by RBI on the destabilising effect of cryptocurrencies on the monetary and fiscal stability of a country, RBI has recommended framing of legislation on this sector. RBI is of the view that cryptocurrencies should be prohibited,"
It is my duty to tell the investors who invest in cryptocurrencies to keep in mind that they are investing at their own risk and also need to keep in mind that the cryptocurrency
He said one of the important pillars of the Budget is welfare of the poor.
The Government would also set up an independent nodal umbrella body for meeting wide-ranging testing and certification requirements, the Finance Minister said.
