INTERIM BUDGET – INTELLIGENT BUDGET - 2024

This budget was the 6th union budget for Finance Minister Nirmala Sitharaman and  by this, she had set a record by presenting six Budgets in a row — five annual Budgets and one interim — a feat achieved so far only by former Prime Minister Morarji Desai.

The interim budget – a short-term financial plan – seeks Parliament’s nod for a grant in advance to meet the government’s essential expenditure for the first four months of the new financial year.

With confidence, Nirmala Sitharaman said that the full-fledged budget will be presented by the Modi Government after getting the people’s mandate for the third term in succession.

The goal was already set by the Modi Government to make India ‘Viksit Bharat’ (meaning developed India’ by 2047 and hence the next 23 years with 23 full-fledged budgets the Modi Sarkar is confident of achieving “Prosperous Bharat in harmony with nature, with modern infrastructure, and providing opportunities for all citizens and all regions to reach their potential”.

Modi said: “This budget will empower all pillars of developed India – youth, poor, women and farmers. It gives guarantees of strengthening the foundations of Viksit Bharat by 2047.”

Our FM said: “Things would have been better only if Modi government had not inherited the most messily managed one from Congress Party – Mess of All and Mass of Corruptions. 

And she added: ‘Hence her government will lay a 'white paper' on the table of the Parliament to look at where the country was till 2014 and where it is now, to draw lessons from the “mismanagement of those years”.

Some High Lights of Interim Budget:

1.      To popularize Nano DAP instead of conventional DAP amongst the farmers. Advantages of Nano DAP over Conventional DAP: Effective, Cheap (Nano 500 ml bottle- Rs.600 and Conventional DAP of 50 kg bag equitant to Nano 500ml bottle – Rs.1350), Convenient to handle and  locally made as against imports.

2.      Two crore more homes under PM Awas Yojana. Housing for deserving sections of the middle class “living in rented houses, or slums, or chawls and unauthorized colonies”.

3.      Rooftop solar for at least 300 units of power generation which will be free electricity for households.

4.      Enhancement of target for Lakhpati Didi Scheme from 2 crore women to 3 crore women.

5.      Three major railway corridors for logistics efficiency. Urbanization, looking at Metro and Namo Bharat, to bring in urban transformation.

6.      The Union government will provide ₹75,000 crore as interest-free loan for 50 years to support reforms by states for realising the vision of 'Viksit Bharat'.

7.   Growth Engines of economy to turn their attention to eastern parts of India – Bihar, Jharkhand, West Bengal, Odsha and Chhatisgarh under Amrit Kaal – Road Map to Bharat to become ‘Viksit Bharat’.

 8. One crore for research of innovations and extension of tax exemptions for start-ups.

9.      Higher money for school and higher educations

10.    Increased food subsidies - Free ration for 80 crore people

11.    Tax claims upto 25,000 pertaining to period 2009-10 and upto 10000 for 2011 to 2015 would be withdrawn and thereby one crore people is to get benefit. This is under ease of living and doing business. The steps taken because of: Large number of petty, non-verified, non-reconciled or disputed direct demands of period as old as 1962. This created anxiety and hinderance to refund of subsequent years. Further, Average processing time for returns, stands reduced from 93 days to 10 days at present.

12     Asha, anganwadi staff get health cover.                                             13.    Railways and roadways to get boost.

It is a PAPERLESS Budget and hence Budget documents, including the Annual Financial Statement, Demand for Grants, and the Finance Bill as mandated by the Constitution, will be accessible post the Budget speech.

Now after 10 years of Modi Sarkar, people are living better, earning better and average real income of the people has increased by 50%. Inflation under control. Employment generations are good.

Population Explosion is now being looked not as a threatening devil but looked both as challenge and opportunities – due to attitudinal changes in approach to tackle this problem. ‘Let us not be worried too much about the stomachs to be fed, as we are having hands to create resources” becomes the outlook of Modi Sarkar and the budgets are all set to take note of this policy change.

One Earth, One Nation, One Family concepts will come to the rescue for any problems arising out of population explosions in any one part on earth.

When ‘MODI AGAIN’ becomes a reality to win handsomely in the forthcoming Lok Sabha election, Final Budget for 2024 -25 will be in vibrant, vigilant and vision modes of Viksit Bharat 2047.

Let this message of Viksit Bharat 2047 of Modi Sarkar be accepted by the majority of voters and let their acceptance be translated into support base for Modi Sarkar.

JAI HO VIKSIT BHARAT 2047.