Budget tries to overcome gap created by education loos during the pandemic: FM

BENGALURU: Union Minister for Finance and Corporate Affairs Nirmala Sitharaman said on Monday that the Union Budget 2022-23 has been presented with a vision for the country's next 20-25 years.

The minister stated that this year's Union budget speaks for continuity and creates an incentive for infrastructure investment during a post-Budget meeting with the Trade and Industry Ministry here.

Members of the Industry and Trade Associations attended the interactive session, which covered a variety of issues in major sectors of the economy as well as the complexities of tax policy. Automobiles, hotel, banking & finance, health care, MSME, Information Technology, and the steel industry were among the industries discussed.

"The budget emphasises the use of technology and the digitization of the economy, as well as the strengthening of the healthcare support system following Covid," she said.

She went on to say, this Budget has considered how to assist youngsters in closing the gap that has grown as a result of the pandemic's loss of education. "The children's lack of schooling over the last two years has been addressed in the Union budget for 2022-23 to bridge that gap," she stated.

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