share
World
Union Budget 2024: Key announcements from Nirmala Sitharaman's interim budget speech
01, Feb 2024
55 Views
Finance Minister Nirmala Sitharaman said the economy was going through a profound transformation, as she rose to present the government's last budget to parliament before a national election due by May.
The government is focused on improving conditions for the poor, women, youth and farmers, Sitharaman said, setting the tone for welfare schemes to be announced in these areas.
Here are the key statements made by the finance minister in her interim budget speech:
WORKING TO MAKE INDIA A DEVELOPED NATION BY 2047
The government is working to make India a developed country by 2047, Finance Minister Nirmala Sitharaman said.
Presenting the interim Budget 2024-25, Sitharaman also said minimum support prices for 'Annadata' (farmers) have been increased periodically and appropriately.
"The government is focussing on addressing systemic inequalities adding that the emphasis is on outcomes so that socio-economic transformation is achieved.
We focus on outcomes and not outlays," Sitharaman said.
GOVT TO LAUNCH HOUSING SCHEME FOR DESERVING MIDDLE CLASS
The government will launch a housing scheme for deserving middle class to buy or build their own houses, Finance Minister Nirmala Sitharaman said.
Sitharaman said the government will also adopt an economic approach that facilitates sustainable development and improves productivity.
She also mentioned about rooftop solarisation to ensure one crore household free electricity of up to 300 units per month, leading to household savings of Rs 15,000-18,000 annually.
The finance minister said the government will set up more medical colleges, utilising existing hospital infrastructure.
INDIA CLOSE TO ACHIEVING TARGET OF 3 CRORE HOUSES UNDER RURAL HOUSING SCHEME
The country is close to achieving the target of 3 crore houses under the rural housing scheme and two crore more will be constructed in the next five years, Finance Minister Nirmala Sitharaman said.
The finance minister said that to meet investment needs, the government will prepare the financial sector in terms of size, capacity, skills, and regulatory framework.
The government will facilitate high and more resource-efficient economic growth to ensure energy security for the country.
PLANS TO INCREASE MILK, DAIRY PRODUCTION
Nirmala Sitharaman announced plans to increase milk and dairy production in the country. "India is the largest milk producer in the world but there is low productivity. India's milk production rose 4% to 230.58 million tonnes in 2022-23," Sitharaman said.
She also said a strategy will be developed for Atma Nirbharta for oilseeds production.
Efforts of the value addition in agriculture sector and increasing farmers' income will be stepped up, the minister said.
HEALTHCARE COVER UNDER AYUSHMAN BHARAT TO BE EXTENDED TO ALL ASHA, ANGANWADI WORKERS
The government announced the extension of healthcare cover under Ayushman Bharat to all ASHA and anganwadi workers. Ayushman Bharat Pradhan Mantri-Jan Arogya Yojana (AB-PMJAY) is the largest publicly funded health insurance scheme in the world that provides coverage of Rs 5 lakh per family per year for secondary and tertiary care hospitalisation.
Till December 27 last year, 55 crore people belonging to 12 crore families were covered under the scheme, Sitharaman said.
SKILL INDIA MISSION TRAINED, UPSKILLED 1.4 CR YOUTH
As many as 1.4 crore youth were trained and upskilled under the Skill India Mission, Finance Minister Nirmala Sitharaman said. The mission focuses on skilling, re-skilling and upskilling through short-term and long-term training programmes.
Under the mission, the government, through more than 20 central ministries/departments, is implementing various skill development schemes across the country.
She also said there is a macro-economic stability and the country's economy is doing well.
CAPITAL SPENDING FOR FY25 RAISED 11% TO RS 11.11 LAKH CRORE
The country's capital spending for 2024-25 has been raised 11 per cent to Rs 11.11 lakh crore, or 3.4 per cent of GDP, Sitharaman said.
She said the tripling of capex in the last four years has resulted in a multiplier effect on economic growth and employment generation.
The minister said the Indian air carriers have placed orders for 1,000 new aircrafts.
IN LAST 10 YEARS, 25 CRORE PEOPLE FREED FROM MULTI-DIMENSIONAL POVERTY
Nirmala Sitharaman said 25 crore people got freedom from multi-dimensional poverty in the last 10 years.
Earlier approach of tackling poverty through entitlement resulted in very modest outcomes, she said while presenting the interim Budget in the Lok Sabha.
There is transparency and assurance that benefits are transferred to all eligible citizens, Sitharaman said.
The National Education Policy is ushering transformational reforms, she added.
43 CRORE LOANS AGGREGATING TO RS 22.5 LAKH CR EXTENDED UNDER PM MUDRA YOJANA
The government has extended 43 crore loans aggregating to Rs 22.5 lakh crore were extended under the PM Mudra Yojana, Sitharaman said.
Sitharaman said direct benefit transfer of Rs 34 lakh crore through Jan Dhan accounts have resulted in savings of Rs 2.7 lakh crore.
The finance minister also said 30 crore Mudra Yojana loans have been given to women in the last 10 years. "Saturation approach of covering all eligible people is true and comprehensive achievement of social justice and this is secularism in action," she asserted.
GLOBAL AFFAIRS BECOMING MORE COMPLEX, CHALLENGING WITH WARS
Finance Minister Nirmala Sitharaman on Thursday said the global situation is becoming more complex and challenging due to wars and conflicts in different parts of the world.
"The Russia-Ukraine conflict and the Israel-Hamas war have disrupted the global supply chains, impacting trade. The new world order is emerging and India has successfully navigated the global challenges in fuel and fertiliser price spike," Sitharaman said.
She also said that strengthening the financial sector in the country has helped make savings, credit and investments more efficient.
CORPUS OF RS 1 LAKH CRORE TO SCALE UP RESEARCH IN SUNRISE DOMAINS
A corpus of Rs 1 lakh crore will be established with 50-year interest free loans to encourage the private sector to scale up research and innovation in sunrise domains, Nirmala Sitharaman announced.
Sitharaman said this will be a golden era for India's tech savvy youth.
"A corpus of Rs 1 lakh crore will be established with 50-year interest free loan. The corpus will provide long-term financing or refinancing with long tenures and low or nil interest rates," the minister said.
"This will encourage the private sector to scale up research and innovation significantly in sunrise domains. We need to have programmes that combine the powers of our youth and technology," she added.
WORRIES ABOUT FOOD ELIMINATED THROUGH FREE RATION FOR 80 CR PEOPLE
Finance Minister Nirmala Sitharaman said worries about food have been eliminated through free rations for 80 crore people in the country. "India was facing enormous challenges when the Modi government took office in 2014 and overcame those in the right earnest," Sitharaman said.
In November last year, Prime Minister Narendra Modi said his government would extend the free ration scheme for the impoverished population for a five-year period.
GOVT TO TAKE UP NEXT-GENERATION REFORMS TO FACILITATE GROWTH
The government will take up next-generation reforms to facilitate growth and the next five years will be of unprecedented development and golden moments to realise the dream of developed India by 2047, Sitharaman said.
She outlined the strategy for 'Amrit Kaal' while presenting the interim Budget 2024-25.
The finance minister also said the recently announced India Middle East Europe Economic Corridor will be a game changer for India.
She noted that the International Financial Services Centres Authority (IFSCA) has created a robust gateway for flow of overseas capital
MODI GOVT ADDRESSING SYSTEMATIC INEQUALITIES THAT PLAGUED SOCIETY
The government under the leadership of Prime Minister Narendra Modi is addressing systematic inequalities, which have plagued society, Finance Minister Nirmala Sitharaman said.
Presenting the interim Budget 2024-25, Sitharaman said economic management over the past decade has complemented people-centric inclusive development.
"All forms of infrastructure are being built in record time. Tax reforms have led to widening of the tax base," Sitharaman said.
STEM (Science, Technology, Engineering, and Mathematics) courses have seen enrolment of 43 per cent women, the highest in the world, she added.
© Provided by The Times of India
share Share now
Related Posts
World
Google Search will no longer show ‘cached’ web pages.
03, Feb 2024
56 Views
World
US approves sale of 31 MQ-9B armed drones to India for nearly $4 billion
03, Feb 2024
45 Views
World
2nd Apple iPhone plant in India.
03, Feb 2024
83 Views
World
Weather Update
03, Feb 2024
73 Views
World
IAF Vayu Shakti 2024.
03, Feb 2024
84 Views
World
All about aim, efficiency, and infrastructure investment.
03, Feb 2024
100 Views
World
Mumbai: PM Modi To Inaugurate Partial Opening Of Coastal Road On February 19
03, Feb 2024
52 Views
World
How Israel is flooding and destroying Hamas tunnels in Gaza
03, Feb 2024
105 Views
World
NLC’s Talabira project promises cheapest thermal power
03, Feb 2024
79 Views
World
Assam: Guwahati airport to get new terminal
03, Feb 2024
59 Views
World
Nirmala Sitharaman lights up rooftop solar scheme with free power pledge
03, Feb 2024
99 Views
World
Man follows Google Maps' 'fastest route', car ends up on stairs in Nilgiris
29, Jan 2024
79 Views
World
After 1893, another great day.
23, Jan 2024
63 Views
World
2036 Olympics means for its economy
23, Jan 2024
58 Views
World
RAM MANDIR: AYODHYA
23, Jan 2024
61 Views
World
'They have to send a message': How Houthi 'hornet's nest' may sting US
13, Jan 2024
49 Views
World
Congress president Mallikarjun Kharge named INDIA bloc chief, Nitish rejects convenor post
13, Jan 2024
56 Views
World
2 Indians Among 12 Killed in Bus Accident in Nepal's Dang District
13, Jan 2024
55 Views
World
From Diamond Neckpiece To 1100 Kg Lamp
11, Jan 2024
62 Views
World
Over 11,000 VIPs at Ram Mandir's inaugural event. Here are token gifts for guests
11, Jan 2024
55 Views
World
Picturesque golden beach of Puri in for a rejuvenated makeover
11, Jan 2024
58 Views
World
PM to inaugurate India’s longest sea bridge
11, Jan 2024
80 Views
World
The Giant Swing in Rishikesh
10, Jan 2024
58 Views
World
Man protects child with shawl while riding bike. Internet has concerns amid praise
10, Jan 2024
121 Views
World
'Ask Zelenskyy for money': UAE ruler snubs Netanyahu's request to pay Palestinians
10, Jan 2024
65 Views
World
South Korea pledges to help exporters facing Red Sea cargo disruption
10, Jan 2024
75 Views
World
Tamil Nadu guv withdraws notification over appointment of V-Cs
10, Jan 2024
69 Views
World
Bengaluru's Peenya flyover to stay shut for 3 days
10, Jan 2024
66 Views
World
150 armed CISF commandos for Ayodhya airport
10, Jan 2024
56 Views
World
SNOWLESS KASHMIR
10, Jan 2024
71 Views
World
Medigadda barrage sinking
10, Jan 2024
64 Views
World
One litre bottle of water found to be hiding 2,40,000 tiny plastic fragments
10, Jan 2024
70 Views
World
Adani group hands over Drishti 10 Starliner UAV to Indian Navy
10, Jan 2024
99 Views
World
Vibrant Gujarat Summit 2024 inaugurated: Key points
10, Jan 2024
66 Views
World
Largest crowdfunding project was achieved in Ayodhya
10, Jan 2024
68 Views
World
Set Guinness record: AYODHYA
10, Jan 2024
98 Views
World
India's first indigenously manufactured UAV ‘Drishti 10 Starliner’ flagged off
10, Jan 2024
51 Views
World
PM Modi meets top CEOs, lures investments to boost economy, create jobs
09, Jan 2024
48 Views
World
Jyoti CNC Automation IPO opens for subscription, GMP indicates premium positioning
09, Jan 2024
55 Views
World
Union Health Minister Mansukh Mandaviya: One District One Medical College
09, Jan 2024
49 Views
World
The war in the Gaza has destroyed the myth of the power of the Israeli army
09, Jan 2024
69 Views
World
Chokepoints and Non-State Actors: Red Sea Attacks Highlight the Need for Combating Weaponised Interd
09, Jan 2024
58 Views
World
Indian Navy's fast attack craft INS Kabra arrives at Colombo
09, Jan 2024
45 Views
World
Pak army chief feared 'hard action' by India if IAF pilot not returned: Ex-envoy
09, Jan 2024
37 Views
World
HanuMan Makers to Donate Rs 5 From Every Ticket
09, Jan 2024
58 Views
World
Vishal donates food to 500 people after paying his final respects at Vijayakanth's memorial
09, Jan 2024
60 Views
World
FirstCry CEO Supam Maheshwari sells company's shares worth Rs 300 cr ahead of IPO
09, Jan 2024
49 Views
World
Layoffs 2024: E-commerce Major Flipkart Plans To Reduce its Workforce by 5-7 pc; Details
09, Jan 2024
39 Views
World
Infosys loses another veteran as senior VP Binny Mathews joins Accenture
09, Jan 2024
46 Views
World
New Niu XQi3 Electric Dirtbike To Make Its Way To Europe In Spring 2024
09, Jan 2024
119 Views
World
India Logs 605 COVID Cases in 24 Hours
09, Jan 2024
45 Views
World
Supreme Court stays Bombay HC order asking ECI to hold Pune Lok Sabha by-poll
09, Jan 2024
56 Views
World
Bhutan To Hold 4th Parliamentary Elections Today Amid High Inflation, Unemployment
09, Jan 2024
43 Views
World
PM Modi lauds singer Hariharan's Ram Bhajan ahead of Ayodhya temple inauguration
09, Jan 2024
63 Views
World
Manipur: Centre asks state to study delisting Kukis, Zomis from ST list
09, Jan 2024
67 Views
World
Exports from Ayodhya see 150% jump in 2022-23, bituminous coal bring Rs 90.61 cr
09, Jan 2024
43 Views
World
Noida authority’s new building to be ready by November 2024
09, Jan 2024
82 Views
World
Severe traffic jams due to heavy rain in Chennai.
09, Jan 2024
71 Views
World
Indian PM Modi to inaugurate 10th edition of Vibrant Gujarat Global Summit tomorrow
09, Jan 2024
82 Views
World
Maldives In Damage Control Mode
09, Jan 2024
64 Views
World
Chlorine gas leak in Dehradun, residents evacuated amid breathing issues
09, Jan 2024
72 Views
World
Stock Market Today: Zee, Tata Steel, Bajaj Auto, And LIC Shares In Focus
09, Jan 2024
69 Views
World
Check Date, Muhurat, And Significance Of Auspicious Day
09, Jan 2024
80 Views
World
Taiwan ruling party candidate will maintain status quo, engage with China
09, Jan 2024
62 Views
World
New Delhi Declined China’s Offer To Mediated Between Indian And Pakistan After 2019 Balakot Strike
09, Jan 2024
50 Views
World
Ayodhya: Electric buses to ply on Ram Path, Dharam Path
09, Jan 2024
60 Views
World
Flipkart May Reduce Workforce
09, Jan 2024
66 Views
World
Forth Worth Sandman Hotel Explosion
09, Jan 2024
50 Views
World
Tamil Nadu transport workers declare indefinite strike from today. Here's why
09, Jan 2024
54 Views
World
ULFA claims Indian forces carried out drone attacks on outfit's Myanmar camp
09, Jan 2024
46 Views
World
PM Modi lands in Ahmedabad for Vibrant Gujarat Summit
09, Jan 2024
61 Views
World
Bhutan votes today as economic crisis hits 'national happiness'
09, Jan 2024
48 Views
World
Start-up CEO kills 4-year-old son in Goa
09, Jan 2024
64 Views
World
Cong urges people to participate in Yatra, calls for strengthening commitment to justice
08, Jan 2024
51 Views
World
Elon Musk reacts to drug use claims as SpaceX management expresses concerns: ‘Not even…’
08, Jan 2024
43 Views
World
B'desh PM Sheikh Hasina secures fourth straight term as her party wins two-thirds majority in polls
08, Jan 2024
69 Views
World
US government shutdown: Congressional leaders sign $1.66 trillion government funding deal
08, Jan 2024
49 Views
World
Alaska Airlines cancels more than 200 flights after FAA order to ground Boeing Max
08, Jan 2024
51 Views
World
New chip policy
08, Jan 2024
77 Views
World
World Braille Day
06, Jan 2024
55 Views
World
Covid-19 update: India logs 774 new cases, 2 deaths in 24 hours; 619 JN.1 infections so far
06, Jan 2024
72 Views
World
Govt amends PM-eBus Sewa tender, adds 100 low-floor buses
06, Jan 2024
47 Views
World
Why do airlines charge passengers extra
06, Jan 2024
54 Views
World
Govt unlikely to meet highway award target for FY24, working on new strategy for high-speed corridor
06, Jan 2024
47 Views
World
Burj Khalifa turns 14
06, Jan 2024
56 Views
World
England floods
06, Jan 2024
62 Views
World
Kerala guv gives assent to ordinance to amend GST law
06, Jan 2024
74 Views
World
World Telugu Conference from today
06, Jan 2024
53 Views
World
PM Modi's tourism pitch in Lakshadweep than meets the eye
06, Jan 2024
84 Views
World
Newly opened picturesque Munnar-Bodimettu highway leaves netizens spellbound
06, Jan 2024
70 Views
World
Exclusive details of marine commando operation
06, Jan 2024
58 Views
World
Vande Bharat’s 50th Train Ready With Modified Features
06, Jan 2024
58 Views
World
Modi’s dream project to fuel Gujarat’s growth!
06, Jan 2024
51 Views
World
New York Home Built Nearly 240 Years Ago Heads to Market
06, Jan 2024
64 Views
World
PM Modi greenlights PRITHVI scheme
05, Jan 2024
44 Views
World
Navigating Aadhaar Rules
05, Jan 2024
59 Views
World
Drone Attacks Ships In Red Sea Day After 'Final Warning' By US And 12 Allies
05, Jan 2024
66 Views
World
stock up 48% in 6 sessions check target price, bulk deal details & more
05, Jan 2024
42 Views
World
BOMB SCARES AT KOLKATA'S 200-YEAR-OLD MUSEUM
05, Jan 2024
45 Views
World
A GENERIC FORMULATION TO TREAT MIGRAINE
05, Jan 2024
46 Views
World
MAHARASTRA'S FIRST WOMAN GDP
05, Jan 2024
67 Views
World
ANOTHER COVID WAVE SOON
05, Jan 2024
79 Views
World
AYODHYA AIRPORT AS MAHARISHI VALMIKI INTERNATIONAL AIRPORT
05, Jan 2024
47 Views
World
TAMILNADU IS THE NEW CHINA
05, Jan 2024
53 Views
World
Merchant vessel with Indian crew hijacked in Arabian Sea, Indian Navy operation on
05, Jan 2024
94 Views
World
UK Elections 2024 updates
05, Jan 2024
51 Views
World
ECLIPSE 2024-CHECK UPDATES
05, Jan 2024
54 Views
World
RIGHT TO TRAVEL ON QUALITY ROAD AFTER TAX-PAYING: FORUM
05, Jan 2024
76 Views
World
TWO SPECIAL TRAINSHYDERABAD-KAKINADA FOR SANKRANTHI
05, Jan 2024
50 Views
World
NEW RAILWAY LINE FROM GUDIVADA VIA TO PROMOTE ECONOMIC GROWTH
05, Jan 2024
72 Views
World
HDFC Bank Q3 update
05, Jan 2024
65 Views
World
17 THEFT ACCUSED AND RECOVERS STOLEN ITEMS
05, Jan 2024
72 Views
World
ALL-GIRL BAND FROM NORTH EAST TO TAKE PART IN NCC REPUBLIC DAY CAMP
05, Jan 2024
54 Views
World
GATE ADMIN CARDS
05, Jan 2024
60 Views
World
INDIA SHIVERS DUE TO
05, Jan 2024
63 Views
World
MASKS MANDATORY IN US IN SOME HOSPITALS
05, Jan 2024
106 Views
World
VANDE BHARAT EXPRESS WOWS AGAIN
04, Jan 2024
69 Views
World
IIT MADRAS,FREE TRAINING PROGRAM FOR ENGINEERING STUDENTS
04, Jan 2024
55 Views
World
INDIA LOGS 798 NEW COVID CASES.145 SUB-VARIANT CASES SO FAR
04, Jan 2024
50 Views
World
EXPANDING OILS STORAGE IN INDIA
04, Jan 2024
49 Views
World
EXPANDING OILS STORAGE IN INDIA
04, Jan 2024
58 Views
World
MASK MANDATE IN NEW YORK CITY AS COVID-19 RAISES
04, Jan 2024
108 Views
World
EARTHQUAKE OF MAGNITUDE STRIKED 4.3
04, Jan 2024
52 Views
World
PONGAL GIFT HAMPER ITEMS ANNOUNCES TAMILNADU
04, Jan 2024
69 Views
World
Several flights delayed at Delhi airport due to low visibility, dense fog over north India – Check
04, Jan 2024
66 Views
World
Iran: About 100 killed, 211 wounded in blasts
04, Jan 2024
53 Views
World
Coronavirus cases in India: Active Covid cases in country recorded at 4,440
04, Jan 2024
70 Views
World
UK'S NEW VISA RULES WILL IMPACT INDIAN STUDENTS AND THEIR DEPENDENTS
03, Jan 2024
81 Views
World
26 TRAINS DELAYED: LIKELY TO REDUCE FURTHER IN COMING DAYS: SAYS IMD
03, Jan 2024
47 Views
World
TRAIN STUCK IN SRIVAIKUNTAM DUE TO HEAVY RAINS
03, Jan 2024
62 Views
World
RAIL DEVELOPMENT:KEREA GOVT SEEKS RENAMING OF KOCHUVELI, NEMON RAILWAY STATION
03, Jan 2024
48 Views
World
SCHOOLS SHUT TILL JAN 6: LUCKNOW
03, Jan 2024
68 Views
World
ISRO Aditya L-1 Launch
03, Jan 2024
71 Views
World
JAPAN MASSIVE EARTHQUAKE
02, Jan 2024
59 Views
World
FIRE CATCHES A PLANE IN JAPAN
02, Jan 2024
63 Views
All Services 
Service Experts 
Jobs 
Explore Travel 
News & Magazines 
Events 
Products 
Coupon & deals 
Blogs 
Community 
.jpg)
.jpg)
.jpeg)
.jpeg)
.png)
.jpeg)
.jpeg)
.jpeg)
.jpeg)
.jpeg)
.jpeg)
.jpeg)
.jpeg)
.png)
.jpg)
Support