Prime Minister Narendra Modi on Thursday, February 1, hailed the interim Budget presented by Finance Minister Nirmala Sitharaman by calling it "inclusive and innovative". He said the Budget has a "reflection of the young aspirations of a young India".
"This interim budget is inclusive and innovative. It has confidence of continuity. It will empower all four pillars of Viksit Bharat- Yuva (youth), Garib (poor), Mahila (women) and Kisan (farmer). This Budget gives the guarantee of making India a developed nation by 2047," Modi said.
Modi said the Budget stresses on empowerment of the poor and the middle class and creating of new employment opportunities for them. He added that the income-tax remission scheme will provide relief to 1 crore people from the middle class.
"This budget has a reflection of the young aspirations of a young India. Two important decisions were made within the Budget. For research and innovation, a fund of ₹1 lakh crore has been announced," Modi added.
Union Home Minister Amit Shah said Budget draws a roadmap to achieve PM Modi's vision of a developed Bharat by 2047.
Sitharaman, India's first full-time woman Finance Minister, was appointed in 2019. She presented her maiden Budget on July 5, 2019. The Budget for 2024-25 is Sitharaman's sixth straight Budget. Her Budget for the fiscal beginning April 2024 (FY2024-24) is the Modi government's 12th straight Budget since 2014 (including one interim Budget presented ahead of general elections in 2019).
First Published: Feb 1, 2024 1:32 PM IST
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