AMRIT KAAL BUDGET – 2023 – 24
The vision
for the Amrit Kaal is an empowered and inclusive economy that is technology-driven
and knowledge-based with a robust financial sector.
Modi’s
Government aim is to make India that is Bharat a Number One Developed Economy
in the World by 2047 – i.e. 100th Year of India’s Independence and all his
moves points towards this lofty target.
To achieve
this lofty target, the present budget had identified 4 transformative
opportunities to be leveraged before reaching India@100:
- · Economic Empowerment of Women through
SHGs
- · PM VIshwakarma KAushal Samman (PM
VIKAS)
- · Tourism Promotion in Mission Mode
- · Green Growth
The Budget
adopts the following seven priorities which is rightly called ‘Saptarishi’ –
which will be the guiding factors in Amrit Kaal.
The seven
priorities are as under:
1) Inclusive
Development
2) Reaching
the Last Mile
3)
Infrastructure and Investment
4)
Unleashing the Potential
5) Green
Growth
6) Youth
Power
7) Financial
Sector
For the past
nine years, the Indian economy has increased in size from being 10th to 5th
largest in the world. It is a great achievement for India, as the world has
recognised the Indian economy as a ‘bright star’.
India’s
rising global profile is because of several accomplishments: unique world class
digital public infrastructure, e.g., Aadhaar, Co-Win and UPI; Covid vaccination
drive in unparalleled scale and speed; proactive role in frontier areas such as
achieving the climate related goals, mission LiFE, and National Hydrogen
Mission etc.
India have
significantly improved their position as a well-governed and innovative country
with a conducive environment for business as reflected in several global
indices. India have made significant progress in many Sustainable Development
Goals.
A brief
report of financial allocations in the present Budget will give an idea of how
closely the budget aims to move India to the goal of India@100:
v CAPITAL INVESTMENT OUTLAY INCREASED
BY 33% TO Rs. 10 LAKH CRORE
v EFFECTIVE CAPITAL EXPENDITURE AT 4.5%
OF GDP
v EXPORTS TO GROW AT 12.5% IN FY 2023
v ATMANIRBHAR CLEAN PLANT PROGRAM WITH
OUTLAY OF ₹2200 CRORE TO BE LAUNCHED TO BOOST AVAILABILITY OF QUALITY PLANTING
MATERIAL FOR HIGH VALUE HORTICULTURAL CROPS
v 157 NEW NURSING COLLEGES TO BE
ESTABLISHED
v OUTLAY FOR PM AWAS YOJANA ENHANCED BY
66% TO OVER RS. 79,000 CRORE
v HIGHEST EVER CAPITAL OUTLAY OF Rs.
2.40 LAKH CRORE PROVIDED FOR RAILWAYS
v URBAN INFRASTRUCTURE DEVELOPMENT FUND
(UIDF) TO BE ESTABLISHED THROUGH USE OF PRIORITY SECTOR LENDING SHORTFALL
v 500 NEW ‘WASTE TO WEALTH’ PLANTS
UNDER GOBARDHAN SCHEME TO BE ESTABLISHED AT TOTAL INVESTMENT OF Rs 10,000 CRORE
v 10,000 BIO-INPUT RESOURCE CENTRES TO
BE SET-UP, CREATING NATIONAL-LEVEL DISTRIBUTED MICRO-FERTILIZER AND PESTICIDE
MANUFACTURING NETWORK
v MANTRI KAUSHAL VIKAS YOJANA 4.0 TO BE
LAUNCHED
v RESIDENT INDIVIDUAL WITH TOTAL INCOME
UPTO ₹ 7 LAKH WILL NOT HAVE TO PAY ANY INCOME TAX UNDER NEW TAX REGIME
v STANDARD DEDUCTION OF ₹ 50,000 WILL
ALSO BE AVAILABLE TO SALARIED INDIVIDUALS UNDER THE NEW TAX REGIME
v LIMIT FOR TAX EXEMPTION ON LEAVE
ENCASHMENT ON RETIREMENT OF NON-GOVERNMENT SALARIED EMPLOYEES INCREASED TO ₹ 25
LAKH
v INDIRECT TAX PROPOSALS AIM TO PROMOTE
EXPORTS, BOOST DOMESTIC MANUFACTURING, ENHANCE DOMESTIC VALUE ADDITION,
ENCOURAGE GREEN ENERGY AND MOBILITY
v NUMBER OF BASIC CUSTOMS DUTY RATES ON
GOODS, OTHER THAN TEXTILES AND AGRICULTURE, REDUCED FROM 21 TO 13
It is a
growth budget having a futuristic vision to build a strong and lasting
foundation for India to become self-sufficient, self-reliant and self-confident
so that India will be a leader in the world forum.
The latest
laurel earned by the Modi Government is that India is holding G20 Presidency
from December 1, 2022 to November 30, 2023 and the final Summit with 43 Heads
of Delegations – the largest ever in G20 – will be held in New Delhi in
September 2023.
With the
theme of ‘Vasudhaiva Kutumbakam’ drawn from the ancient text of Upanishad,
which means “One Earth – One Family – One Future” is steering an ambitious,
people-centric agenda to address global challenges, and to facilitate
sustainable economic development.
The Indian
G20 presidency has also planned a year-long India Experience' for G20 member
countries – arranging tours to visit our various cultural, religious and
spiritual centres to show the glory of our land.
The present
Budget brings joys to almost all sections of the societies and the extension of
free ration to the poor entirely by the Centre is also most humanitarian move
of the Modi Government – not minding its costs.
The
Opposition Parties especially Congress could not find faults with the budget
and hence they are raising ‘Adani Factor’ to tarnish Modi.
By such
false claims without any supporting evidences and documents, the opposition
parties want to tarnish Modi, while India is honoured with G20 Presidency and
this is something similar to Rafael Deal or Surgical Strikes on India-Pakistan
Border. Recently the Congress Party confessed that Surgical Strikes by the
Indian Army during Modi Regime were laudable! -
How horrible Congress Party was making a U-Turn in such an important and
vital issue.
It was a
great achievement of Modi Government that under the ‘Rozgar Mela’ – drive to
recruit 10 lac people, so far 2.17 lacs people were already appointed in the
Government Department under various categories and it is likely that the target
will be achieved very shortly. Such a massive recruitment drive which is being
successfully implemented without any scam or undue favours, speaks volume about
the Modi Government’s commitment to give us ‘A Clean Scam Free’ System.
Nirmala
Seetharaman and her Team are to be lauded for giving us an Amrit Budget with
Saptharishi (7) Priorities to achieve the goal of No.1 Developed State in the
World by 2047.
LET BHARAT
BE AWAKENED TO THESE FACTS SO THAT MODI BECOMES AGAIN OUR PRIME MINISTER WITH
BJP GETTING ABSOLUTE MAJORITY IN LOK SABHA ELECTION 2024.
BHARAT MATHA KI JAI - VANDE MATARAM
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