NEW DELHI: Prime Minister Narendra Modi on Thursday hailed the Interim Budget 2024 introduced by Union Finance Minister Nirmala Sitharaman, saying it is going to empower the poor, youth and center class. “In this budget, keeping fiscal deficit under control, capital expenditure has been given a historic high of Rs 11,11,111 Crore. If we speak the languages of the economists, in a manner this is a ‘sweet spot’. With this, besides building India’s modern infrastructure of the 21st century, innumerable new job opportunities for the youth will be prepared,” PM Modi mentioned.
Union Finance Minister Nirmala Sitharaman earlier delivered the much-anticipated Interim Budget 2024, infused with optimism and a forward-looking imaginative and prescient. With unwavering confidence, she articulated her perception that the Narendra Modi-led BJP, buoyed by its commendable insurance policies and governmental endeavours, is poised for a historic third consecutive time period in energy.
High Aspirations, Bright Future: Visionary Outlook Sets Tone
Sitharaman, addressing the august Lok Sabha, encapsulated the spirit of a nation brimming with youthful aspirations and unwavering religion in its trajectory. “Our young country has high aspirations, pride in its present and hope and confidence for a bright future. We expect that our government based on its stupendous work will be blessed again by the people with a resounding mandate,” she declared, setting the tone for a budgetary discourse underlined by progress and inclusivity.
Stupendous Progress: Govt’s Proactive Measures Tackle Poverty
Highlighting the federal government’s transformative position, Sitharaman underscored its pivotal position in uplifting 25 crore people from multidimensional poverty over the previous decade. Emphasizing continuity and progress, she reiterated the federal government’s dedication to the ideas of “Sabka Saath, Sabka Vikas, and Sabka Vishwas,” signaling a steadfast resolve in the direction of inclusive progress.
In her speech, FM mentioned that The Indian economic system is projected to develop near 7 per cent within the monetary 12 months 2024-25 which begins this April, mentioned the Ministry of Finance in a overview report.
India’s economic system grew 7.2 per cent in 2022-23 and eight.7 per cent in 2021-22. The Indian economic system is predicted to develop 7.3 per cent within the present monetary 12 months 2023-24, remaining the fastest-growing main economic system.
FM Sitharaman additional mentioned that the ”authorities will current an in depth roadmap for its pursuit of Viksit Bharat within the full price range in July.”
Cabinet Nod: PM Chairs Meeting Ahead of Budget Unveiling
Before the momentous budgetary unveiling, Prime Minister Narendra Modi led the Union Cabinet in granting its seal of approval to the Interim Budget 2024. The meticulous deliberations underscored the federal government’s dedication to fiscal prudence and strategic planning, setting the stage for a landmark price range presentation.
Historic Streak: Sitharaman’s Sixth Budget Marks Milestone
With the Interim Budget 2024, Finance Minister Sitharaman etched her identify in historical past, marking her sixth budgetary presentation in the course of the Modi authorities’s tenure. As the ultimate budgetary endeavour within the present time period, it stands as a testomony to her astute stewardship and unwavering dedication to the nation’s financial well-being.
Bridge To The Future: Interim Budget Bridges Transition Period
Designed to cater to the nation’s fiscal exigencies in the course of the transitional section previous the formation of a brand new authorities post-Lok Sabha elections, the Interim Budget assumes paramount significance. Its provisions and allocations function a bridge, guaranteeing continuity and stability in governance amidst the electoral flux.
Parliamentary Prelude: Budget Session Commences With Presidential Address
The graduation of the Budget Session witnessed President Droupadi Murmu’s stirring tackle to a joint session of the Lok Sabha and Rajya Sabha, heralding the onset of parliamentary deliberations. Against this backdrop of democratic fervour, Sitharaman’s budgetary pronouncements purchase added significance, setting the stage for constructive discourse and deliberation.
Historical Parallel: Sitharaman Matches Desai’s Budgetary Record
In attaining the feat of presenting her sixth price range, Finance Minister Sitharaman mirrors the illustrious precedent set by former Prime Minister Morarji Desai. With a tally matching Desai’s 5 annual budgets and one interim price range between 1959 and 1964, Sitharaman’s stewardship assumes a historic resonance, emblematic of continuity and institutional energy.
