Pm is quite satisfied with union budget, what you think?
A Budget with 'vision and action', will
give a push to the economy: PM Modi.
implementation
of this budget will charge economic
growth, financially empower every citizen and strengthen the foundation of the economy in the new decade, Prime Minister Narendra Modi on Saturday heaped
praise on it for having both "vision and action".
Read What PM Modi Said About Union Budget.
Mr. Priminister also said provision of faceless appeal, a new and simple structure of the direct tax, a move towards a unified procurement system, and stress on disinvestment
are some of the steps which will reduce the government of people's lives
and will enhance their "ease of living".
The new
reforms announced in the Budget will work to accelerate the economy,
financially empower every citizen of the country, and strengthen the foundation of the economy in this decade, Modi said in his comments.
Nothing that
the main areas of employment are agriculture, infrastructure, textiles, and
technology, he said the four have been given great emphasis in the Budget to
increase employment generation.
referring to
the government's efforts to double the income of the farmer, he said 16 action
points have been created which will serve to increase employment in rural
areas.
Integrated the approach has been adopted for the agriculture sector in the Budget, which along
with traditional methods will increase value addition in horticulture,
fisheries, and animal husbandry, and also increase employment, he said.
According to
the World Bank, the blue economy is the sustainable use of ocean resources for
economic growth, improved livelihoods,
and jobs while preserving the health of the ocean ecosystem.
The Prime
Minister said the new mission for technical textiles has been announced. Man-made
fiber has been reformatted into the duty structure of its raw material to be
produced in India. This reform was in demand for the last three decades, he
pointed out.
Referring to
the Ayushman Bharat scheme, Modi said it has given a new expansion to the health sector of the country.
in this sector, there has been a lot of scope for human resources- doctors, nurses,
attendants as well as medical device manufacturing. New decisions have been
taken by the government to increase it.
The Ayushman
Bharat Yojana, also known as the Pradhan
Mantri Jan Arogya Yojana is a scheme that aims to help economically vulnerable
Indians who are in need of healthcare facilities.
Prime
Minister Modi rolled out the scheme in September 2018.
He said in
the budget, the government has made several special efforts to promote
employment generation in the field of technology.
A number of
policy initiatives have been taken for areas such as new smart cities, electronic manufacturing, data center parks,
biotechnology, and quantum technology.
he hoped
that India will move strongly towards becoming an integral part of the global
value chain.
Morden
infrastructure is of great importance for modern India, he said, adding that
the infrastructure sector is also a large employment generator.
Construction of 6,500 projects from Rs 100 lakh crore will increase employment opportunities in a big way.
The National Logistics policy will also benefit trade, business, and employment.
Construction of 6,500 projects from Rs 100 lakh crore will increase employment opportunities in a big way.
The National Logistics policy will also benefit trade, business, and employment.
describing
investment as the biggest driver for employment, he said some historical steps
have been taken in this direction.
Due to the
removal of the dividend distribution tax, Rs 25000 crore will come into the
hands of companies that will help them in further investments.
Various tax concessions have been given to attract outside investment into India. 'Tax
benefits have also been provided for start-ups and real estate. All these
decisions will accelerate the economy and this will provide new
employment opportunities to the youth.
Steps like
establishing a common online exam for government jobs, Kisan Rail, and Krishi
Udaan are going to have long-term
benefits for a cross-section of citizens.
Reference: Times of India.