Union Finance Minister Nirmala Sitharaman has introduced a budget of Rs 48.20 lakh crore as the goals of the development of poor, farmers, youth and women.
with Rs.2.66 lakh crore aimed at upliftment of poor, farmers, youth and women, Rs.2 lakh crore for rural
employment, Rs.2 lakh crore for skill development,
3% interest subsidy on indigenous education loans under Rs.10 lakh,
attractive loans for infrastructure,
mobile phones, duty reduction on gold
Nirmalamma Paddu with Rs 48.20 Lakh Crores,
Opposition’s Lips
Today – Delhi
Galla S Kiran Kumar, Bureau Chief
In the next two years we will encourage one crore farmers towards natural farming. Clusters will be formed to undertake vegetable production on a large scale. Regarding 32 horticultural crops suitable for different types of soil, the government will soon make available 109 types of seeds that can withstand different climatic conditions and give maximum fruits.
– Union Finance Minister Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman has introduced a budget of Rs 48.20 lakh crore as the goals of developing India. In order to promote the new income tax system, those who opted for it were given some relief. Those who are in the old system have shown their face. Realizing that the youth had drifted away from the BJP in the last election due to the anger of not providing enough employment opportunities, the Finance Minister has tried to make up for that deficit this time. He prioritized giving skill training to the youth and improving employment opportunities. Incentives have been announced for the MSME sector and steps have been taken to provide employment opportunities to more people. When private organizations provide new jobs, they announced that they will pay the first month’s salary themselves and opened a new tradition. With the intention of reducing the investment burden on farmers, it has been decided to divert crores of farmers towards natural farming. It has been announced that 10,000 bio-fertilizer centers will be set up to help them. He said that the duties on gold and mobiles are being reduced. A total of nine priority items were brought before Parliament on Tuesday. This is her seventh budget in a row.
An attempt to tighten a loose grip
This time the budget has been brought in the direction of analyzing the reasons that led to the fall of the 303 seats won by the BJP in the 2019 elections to 243 by 2024. Modi tried to clear the debt of the people of Andhra Pradesh, Bihar and Odisha who helped him to come to power for the third time. Bihar, which will go to the polls next year, will be provided infrastructure with Rs.60,000 crore. PM Vishwakarma, PM Swanidhi, National Livelihood Mission, Standup India announced support to artisans, SHGs, SC, ST, women aspiring entrepreneurs and street vendors with determination to achieve complete social justice. 3% interest subsidy has been announced on loans up to Rs.10 lakh taken for education in domestic educational institutions. He said that another 3 crore houses will be constructed for the poor through the Pradhan Mantri Awas Yojana (PMAY) in the next five years.
Internship for crores
Rs.3 lakh crore has been allocated in the new budget for schemes to benefit women. Nirmala announced that she is going to start the ‘Pradhana Mantri Jana Jatiya Uchi Gram Abhiyan’ for the social and economic upliftment of the tribals. Mudra loan limit has been increased from Rs.10 lakhs to Rs.20 lakhs to increase the business capabilities of self-employed people. A new scheme has been announced to increase the employability of crores of youth by providing internships in top 500 companies of the country in the next five years. For this, each candidate is going to be paid Rs.5 thousand per month. In five years, Rs. 2 lakh crore has been allocated to provide employment, skills and other opportunities to 4.1 crore youth in the country. It has been decided to develop industrial parks in 100 cities. It has been decided to build crores of houses for the urban poor at a cost of Rs.10 lakh crore in the next five years. It has been decided to provide Rs. 2.2 lakh crores by the central government for this. It has been announced that 100 weekly stalls will be developed in the next five years in selected cities to benefit the self-employed street vendors.
Reduction of stamp duty for properties in the name of women
Nirmala said that the stamp duty on properties registered in their names will be reduced to promote women’s empowerment. It has been decided to encourage private investments by providing a cost adjustment fund (viability gap fund). Under the fourth phase of the Pradhan Mantri Gramin Sadak Yojana, it was announced that road connectivity will be provided to 25,000 rural habitations. On the one hand, while trying to reduce debt and financial deficit, on the other hand, the finance minister announced through this budget that he is determined to do social and economic justice.
Towards the third largest economy.
The budget has given the highest priority to the main aspects like employment, employment, infrastructure, skill and industrialization required to make the country the third largest economy in the world. A major capital expenditure of Rs.11.11 lakh crore has been earmarked for this year to achieve this target. Nirmala said that the country’s economic progress will continue to slow down. The states have announced that they will give interest-free loans of Rs 1.5 lakh crore to develop infrastructure within their jurisdiction. In 2025-26, the seed deficit will be 4.9 percent of the gross domestic product. It has been decided to build advanced ‘Ultra Supercritical Thermal Plants’ while respecting the environment. Targets have also been set to reduce carbon emissions from industries. Prime Minister Narendra Modi praised that the budget is good for all sections. The opposition, however, remained tight-lipped on these allocations.
Prices will come down..
- Imported mobile phones
- Cellphone chargers
- Gold, silver, platinum
- Cancer drugs
- Medical devices
- Leather goods
- Shrimp and fish feed
- Steel, textiles
- Machine tools
Prices will rise.
- Telecom gears
- PVC flex banners
- Laboratory chemicals
- Solar glass used in the manufacture of solar modules
- Ammonium nitrate
- Non-biodegradable plastic products
It creates enormous opportunities
– Nirmala Sitharaman
The central government has selected nine priority items aimed at creating immense opportunities in the economy . Productivity in the agricultural sector, job creation-skill development, social justice, urban development, energy security, infrastructure sector, research-innovations, manufacturing-services, reforms…we have prepared the budget by taking these nine aspects as priority.
For the economy
– Prime Minister Modi
The budget will serve to make India the third largest economy in the world and lay the foundation for India’s development. Useful for youth, backward classes, women, middle class as well as manufacturing and infrastructure sectors.
This is the Chairman Bachao’s budget
– Rahul Gandhi
This is the budget introduced by Mo Dee to protect his seat. At the expense of the interests of other states… boons were poured to gain the approval of the allies. There is no benefit to the common people. Copied several items from the Congress manifesto as well as the previous budgets.
