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NATIONAL EDUCATION POLICY 2020 USHERING IN TRANSFORMATIONAL REFORMS – SMT. NIRMALA SITHARAMAN

PM SHRI SCHOOLS DELIVERING QUALITY TEACHING, AND NURTURING HOLISTIC AND WELL-ROUNDED INDIVIDUALS – SMT. NIRMALA SITHARAMAN

PM VISHWAKARMA YOJANA PROVIDES END-TO- END SUPPORT TO ARTISANS AND CRAFTSPEOPLE ENGAGED IN 18 TRADES - SMT. NIRMALA SITHARAMAN

The Government is committed to empower Amrit Peedhi, the Yuva, said Union Finance Minister Smt Nirmala Sitharaman while presenting the Interim Budget 2024-25 in Parliament today.

The Minister stressed that our prosperity depends on adequately equipping and empowering the youth. She highlighted that the National Education Policy 2020 is ushering in transformational reforms. PM Schools for Rising India (PM SHRI) are delivering quality teaching, and nurturing holistic and well-rounded individuals, she added.

While highlighting the success of Skill India Mission, Smt. Sitharaman informed that under the Mission 1.4 crore youth have been trained, 54 lakh youth were upskilled and reskilled, and 3000 new ITIs were established.  She also informed that the recently launched PM Vishwakarma Yojana provides end-to- end support to artisans and craftspeople engaged in 18 trades.

The Finance Minister informed that a large number of new institutions of higher learning, namely 7 IITs, 16 IIITs, 7 IIMs, 15 AIIMS and 390 Universities have been set up in the country.

“SOCIAL JUSTICE IS AN EFFECTIVE AND NECESSARY GOVERNANCE MODEL”

‘VIKSIT BHARAT’ IS ABOUT IMPROVING PEOPLE’S CAPABILITY AND EMPOWERMENT ; UNION FINANCE MINISTER

The government under the leadership of Hon’ble Prime Minister firmly believes to focus on four major castes i.e. ‘Garib’ (poor), ‘Mahilayen’ (women), ‘Yuva’ (youth) and ‘Annadata’ (farmer).  This was stated by Smt. Nirmala Sitharaman while presenting the Interim Budget 2024-25 in Parliament today.  “Their needs, their aspirations, and their welfare are our highest priority. The country progresses, when they progress. All four require and receive government support in their quest to better their lives. Their empowerment and well-being will drive the country forward”, she added.

Smt. Nirmala Sitharaman expressed that social justice is an effective and necessary governance model.  She further added that emphasis on reducing corruption has brought in transparency and benefits of delivered to all the eligible people.  She stressed how ‘Direct Benefit Transfer’ achieved the above.  The focus of the government is on outcomes and not on outlays, she added.

Smt. Nirmala Sitharaman stated that all-round, all-pervasive and all-inclusive approach of government towards development is in line with making India a ‘Viksit Bharat’ by 2047.  For achieving this goal, we need to improve people’s capability and empower them, she added.   

UNION MINISTER SMT. NIRMALA SITHARAMAN EMPHASISES THAT AMRIT KAAL SHOULD BE KARTAVYA KAAL FOR REALIZING THE VISION OF ‘VIKSIT BHARAT’

EVERY CHALLENGE OF PRE-2014 ERA OVERCOME THROUGH ECONOMIC MANAGEMENT AND GOOD GOVERNANCE: FM

GOVERNMENT TO PRESENT A DETAILED ROADMAP FOR PURSUIT OF ‘VIKSIT BHARAT’ IN THE FULL BUDGET IN JULY

RS. 75,000 CRORE WORTH 50-YEAR INTEREST FREE LOAN TO STATES TO REALISE VISION OF ‘VIKSIT BHARAT’

HIGH-POWERED COMMITTEE FOR ADDRESSING CHALLENGES FROM FAST POPULATION GROWTH AND DEMOGRAPHIC CHANGES

GOVERNMENT TO ASSIST STATES  IN FASTER DEVELOPMENT OF ASPIRATIONAL DISTRICTS & BLOCKS , INCLUDING GENERATIONAL OF AMPLE ECONOMIC OPPURTUNITIES : UNION FINANCE MINISTER

GOVERNMENT TO PAY UTMOST ATTENTION TO MAKE EASTERN REGION & ITS PEOPLE A POWERFUL DRIVER OF INDIA’S GROWTH

While presenting the Interim Budget 2024-2025 in the Parliament today, the Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman underscored the transformative leadership of Prime Minister, Shri Narendra Modi and its impact on India's progress and emphasised that Amrit Kaal should be Kartavya Kaal to realise the vision of ‘Viksit Bharat’.

Amrit Kaal as Kartavya Kaal

The Minister said that the Government stands committed to strengthen and expand the economy with high growth and to create conditions for people to realize their aspirations. Smt. Sitharaman quoted the Prime Minister from his Independence Day address to the nation, in the 75th year of our Republic, and said, “We commit ourselves to national development, with new inspirations, new consciousness, new resolutions, as the country opens up immense possibilities and opportunities”. She said that it is indeed our ‘Kartavya Kaal’

She highlighted that every challenge of the pre-2014 era was overcome through economic management and good governance. The Minister said, “These have placed the country on a resolute path of sustained high growth.  This has been possible through our right policies, true intentions, and appropriate decisions.”

Smt. Sitharaman also said, “In the full budget in July, our Government will present a detailed roadmap for our pursuit of ‘Viksit Bharat’.”

Reforms in the States for ‘Viksit Bharat’

The Minister noted that many growth and development enabling reforms are needed in the states for realizing the vision of ‘Viksit Bharat’. In this regard, she announced seventy-five thousand crore rupees as fifty-year interest free loan to support those milestone-linked reforms by the State Governments.

High-Powered Committee to consider challenges arising from fast population growth

Smt. Sitharaman stated that the Government will form a high-powered committee for an extensive consideration of the challenges arising from fast population growth and demographic changes. The committee will be mandated to make recommendations for addressing these challenges comprehensively in relation to the goal of ‘Viksit Bharat’, she added.

 Development of aspirational districts & blocks

Smt. Nirmala Sitharaman said that through ‘Aspirational Districts Programme’ the Government stands ready to assist the states in faster development of aspirational districts and blocks, including generation of ample economic opportunities.

Development of East

Stressing on the Government’s focus on the development of the East, Union Minister for Finance also said that the Government will pay utmost attention to make the eastern region and its people a powerful driver of India’s growth.

GOVERNMENT FOCUSED ON MORE COMPREHENSIVE ‘GDP’ - GOVERNANCE, DEVELOPMENT AND PERFORMANCE FOR PEOPLE-CENTRIC INCLUSIVE DEVELOPMENT, SAYS UNION FINANCE MINISTER

ECONOMY IS DOING WELL AS IMPACT OF ALL-ROUND DEVELOPMENT IS DISCERNIBLE IN ALL SECTORS: SMT. SITHARAMAN

GOVERNMENT HAS PROVIDED TRANSPARENT, ACCOUNTABLE, PEOPLE-CENTRIC AND PROMPT TRUST-BASED ADMINISTRATION WITH ‘CITIZEN-FIRST’ AND ‘MINIMUM GOVERNMENT, MAXIMUM GOVERNANCE’ APPROACH: FM

“Besides delivering on high growth in terms of Gross Domestic Product, the Government is equally focused on a more comprehensive ‘GDP’, i.e., ’Governance, Development and Performance’,” this was stated by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman while presenting the Interim Union Budget 2024, in Parliament today.

The Union Finance Minister said that the Government has provided transparent, accountable, people-centric and prompt trust-based administration with ‘citizen-first’ and ‘minimum government, maximum governance’ approach.

Smt. Sitharaman said that the economy is doing well is visible as investments are robust, and along with macro-economic stability, including in the external sector, the impact of all-round development is discernible in all sectors.

The Union Finance Minister said that people are getting empowered, equipped and enabled to pursue their aspirations, which is visible as people are living better and earning better, with even greater aspirations for the future; Average real income of the people has increased by 50 per cent; inflation is moderate; and there is effective and timely delivery of programmes and of large projects.

ECONOMIC MANAGEMENT

Smt. Sitharaman said that the multipronged economic management over the past 10 years has complemented people-centric inclusive development and attributed the following as some of its major elements:

    All forms of infrastructure, physical, digital or social, are being built in record time.

    All parts of the country are becoming active participants in economic growth.

    Digital Public Infrastructure, a new ‘factor of production’ in the 21st century, is instrumental in formalisation of the economy.   

    Goods and Services Tax has enabled ‘One Nation, One Market, One Tax’. Tax reforms have led to deepening and widening of tax base.

    Strengthening of the financial sector has helped in making savings, credit and investments more efficient.

    GIFT-IFSC and the unified regulatory authority, IFSCA (International Financial Services Centres Authority) are creating a robust gateway for global capital and financial services for the economy.

    Proactive inflation management has helped keep inflation within the policy band.