The News Freedom
New Delhi, February 1
Prime Minister, Narendra Modi, hailed the interim budget presented today as “not merely an interim budget but an inclusive and innovative budget. Prime Minister Modi asserted that this budget carries the confidence of continuity and will empower all pillars of developed India – the youth, the poor, women, and farmers.
“Nirmala Ji’s budget is a budget for building the future of the country. This budget carries the guarantee of strengthening the foundation of Viksit Bharat by 2047,” the Prime Minister said.
“This budget is a reflection of the aspirations of young India. He highlighted two significant decisions taken in the budget, stating, “a fund of Rs. 1 lakh crore has been announced for research and innovation.” Additionally, he highlighted the extension of tax exemptions for startups in the budget.
While keeping the fiscal deficit under control, the Prime Minister informed that the total expenditure has seen a historic increase to Rs 11,11,111 crores in this budget. “In economists’ parlance, the Prime Minister said, “this is a kind of sweet spot”. He added that it will create millions of new employment opportunities for the youth along with the creation of modern infrastructure of the 21st century in India. He also informed about the announcement to manufacture 40,000 modern bogies of Vande Bharat Standard and install them in general passenger trains which will further heighten comfort and travel experience of crores of passengers on different rail routes of the country.
“We set a big goal, achieve it, and then set an even bigger goal for ourselves,” he said. Highlighting the government’s efforts for the welfare of the poor and middle class, he informed about the construction of over Rs 4 crore houses in villages and cities and increasing the target to build 2 crore more houses.
Emphasizing the empowerment of women, the Prime Minister said, “our goal was to make 2 crore ‘Lakhpatis’ among women. Now, this goal has been increased to make 3 crore ‘Lakhpatis’.”
Prime Minister Modi praised the Ayushman Bharat Yojana for its significant assistance to the poor, extending its benefits to Anganwadi and ASHA workers. The Prime Minister emphasized on the government’s emphasis to empower the poor and middle class by creating new opportunities for them in this budget. He mentioned the Roof Top Solar Campaign where 1 crore families will avail free electricity, while also earn an income of Rs 15,000 to Rs 18,000 per year by selling excess electricity to the government.
The Prime Minister mentioned the income tax remission scheme announced today that will provide relief to about Rs 1 crore citizens belonging to the middle class. Speaking about the major decisions taken for farmer welfare in the budget, Modi mentioned use of Nano DAP, new scheme for animals, expansion of PM Matsya Sampada Yojana and Atma Nirbhar oil seed campaign which will increase the income of farmers and reduce expenses. The Prime Minister concluded his address by conveying his best wishes to all citizens on the historic budget.