India: Sports ministry gets Rs 700 crore-plus boost in Union Budget 2023
The Ministry of Youth Affairs and Sports of India has received an increase in its budget allocation in Union Budget 2023. It has received an increase of Rs 724.72 crores compared to the revised 2022-2023 budget, making it the highest-ever allocation at Rs 3389.56 crores for the year 2023-2024.
Khelo India, a scheme that helps athletes at the ground level, received an allocation of Rs 1045 crores. The Assistance to National Sports Federation received Rs 235 crores. Sports Authority of India, the apex national sports body of India, received Rs 785.52 crores.
Around Rs 37 crores has been allocated to the Commonwealth Games. The budget allocated to other autonomous bodies like Nehru Yuva Kendra Sangathan and Rajiv Gandhi National Institute of Youth Development is Rs 1435.58 crores.
The National Anti-Doping Agency (NADA), affiliated with the World Anti-Doping Agency (WADA), will now get funding directly.
The biggest beneficiary of National Sports Federations funds could be the All India Football Federation (AIFF).
Sports Budget Allocation 2023-24
The Union Finance Minister, Nirmala Sitharaman, presented the budget for 2023-24 at the parliament on Wednesday. Sitharaman also announced various programmes in the healthcare sector. A new programme for research in pharmaceuticals would be set up and 157 new nursing colleges will be established in India.
The Finance Minister also announced that the new tax regime will now be the default tax regime. She announced an increase in the income tax rebate limit from Rs 5 lakh to Rs 7 lakh under the new tax regime. Sitharaman also proposed to reduce the highest surcharge rate from 37% to 25% under the new tax regime for the next fiscal year.
What began as a frightening hantavirus scare aboard a Tenerife-bound cruise has now escalated into something even more unsettling. Health… Read More
Google may have just made its boldest move in personal computing since the launch of Chromebooks more than a decade… Read More
The red carpet at the 2026 Cannes Film Festival looks noticeably different this year, and not just because of the… Read More
Meta’s AI-powered glasses have rapidly gone from a futuristic experiment to one of the hottest tech products in the world.… Read More
The countdown to the FIFA World Cup 2026 has officially begun, but not every host city is entering the tournament… Read More
The 79th edition of the Cannes Film Festival has officially begun, and the conversation around this year’s lineup is already… Read More
This website uses cookies.
Read More