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Thursday 1 February 2024

75 Highlights of Budget FY 2024-25 by Finance Minister Nirmala Sitharaman part 3

 

55. Pandemic has led to a crisis of food, fertilizer, fuel and finances while India

successfully navigated its way and showed the world the way forward

56. India built consensus on global problems, the recently announced India

Middle East Europe Economic Corridor is a strategic and economic game changer

for India and others

57. Our government is ready to assist states in faster development of aspirational

districts and blocks Government will pay utmost attention to make eastern region

and its people a powerful driver of India's growth

58. Social Justice was largely a political slogan. For our government, social justice

is an effective and necessary governance model !! The saturation approach of

covering all eligible people is the true and comprehensive achievement of social

justice, this is secularism in action, reduces corruption, prevents nepotism There is

transparency and assurance that benefits are received to all eligible people, all

regardless of their social standing get access to opportunities We are addressing

systemic inequalities which have plagued our society, our focus is on outcomes

and not on outlays so that socioeconomic transformation is achieved

59. Charging of electric vehicles Entrepreneurship opportunities to a large

number of vendors for supply and installation, employment opportunities for

youth with technical skills in manufacturing, installation and maintenance

60. Rooftop solarisation and free electricity 61. Through rooftop solarisation, 1

crore households will be enabled to obtain up to 300 units of free electricity

every month

62. FDI inflows stand at $596 billion, twice more than 2014-15 63. The govt will

form a high powered committee to address the concerns of fast population

growth and demographic change

64. Fisheries scheme to help reach the target of INR 1 lakh crore exports 65. 2

Crore More Houses To Be Built Under PMAY-Gramin

66. Fiscal deficit for FY 24 revised at 5.8%. lower than earlier estimate of 5.9% in

BE

67. FDI is 'First Develop India. FDI inflow during 2014 to 2023 was Rs 596 billion

US dollars, marking a golden era. This was twice the FDI inflow between 2005 to

2014. For sustained FDI, we are negotiating bilateral investment treaties with

foreign partners

68. PM Mudra Yojana has sanctioned 43 crore loans amounting to Rs. 22.5 lakh

crore for entrepreneurial aspirations of our youth

69. Revised fiscal deficit estimated for FY24 has been pegged at 5.8% of GDP and

the deficit for FY25 is pegged at 5.1%

70. To address fervour for domestic tourism, projects for port connectivity,

tourism infra & amenities will be taken on our islands including Lakshadweep

71. Government will further promote private and public investment in post

harvest activities including aggregation, modern storage, supply chains, primary

and secondary processing, marketing and branding

72. After successful adoption of nano urea, Nano DAP application on various

crops will be expanded in all agroclimatic zones

73. Electronic National Agricultural Market has integrated 1,361 mandis and is

providing services to 1.8 crore farmers with trading volume of 3 lakh crores of

rupees. The sector is poised for inclusive, balanced and higher growth and

productivity.

74. I propose to retain the same tax rates for direct and indirect taxes including

import duties

75. Govt will lay a white paper in house on mismanagement of the economy

before 2014.

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