This Budget is the interim budget, we need to focus on 4 major castes, namely ‘Garib’ (Poor), ‘‘Mahilayen’ (Women), ‘Yuva’ (Youth) and ‘Annadata’ (Farmer). For Annadata, there is a bonanza. Of Minimum Support price for the all the crops. This budget is aiming towards “Vikasith Bharath” By2047. ‘Vikasith Bharath’ is a strategy of uniform development of overall all the regions in India. This Budget is aiming towards reduction of the Regional Imbalance. Central Government is announced the package of developing North Eastern states of India which are considered as under deprived sates. This budget focuses on Prime minister’s Five package scheme by providing the upskilling for 4.1 crore youth. The main goal of this Budget to give equal priority for all the different areas and develop our country Equally and balanced development. To Reduce the Fiscal Deficit is one of the main prior goal our central Budget.

There are Nine priorities covered in the Budget includes Productivity and resilience in Agriculture, Promotion of Employment and skilling, Development of Human Resource and Social Justice, Manufacturing and Services &Urban Development, Energy Security and Conservation, Development of Infrastructure, Innovation, Research and Development and Next Generation Reforms. There are more skill-based packages to announce a new centrally sponsored scheme, as the 4th scheme under the Prime Minister’s package, for skilling in collaboration with state governments and Industry. 20 lakh youth will be skilled over a 5-year period. 1,000 Industrial Training Institutes will be upgraded in hub and spoke arrangements with outcome orientation. There will be increase in the income tax bracket for up 7 lakhs per Annum. Budget has supported to middle class by increasing the tax bracket. Abolition of Angel tax that is tax on issue of new shares is encouraging new start up. There is a drastically decrease in the price of the gold. There is a hike in the percentage of capital Gain from 12% to 20%. In this budget funds are allocated for the development of Eastern part of India which is considered to be under deprived states. More encouragement is given towards the development and increase of E Commerce Business.

In my opinion budget has been praised for its continued focus on economic growth, infrastructure development, and innovation. Experts have highlighted the increased capital expenditure and the introduction of schemes to support employment and skilling initiatives. Green Energy and Energy conservation is given the priority in this budget. Initiatives focusing on women’s empowerment and youth development, such as the ‘Lakhpati Didi’ scheme plays major role in increased support for women entrepreneurs, which encourages women empowerment in India. The budget’s support for education, especially in STEM fields, also garnered positive feedback. In this budget there is more focus on Digitalization in all the aspects of the administration.

Prof. NAVEEN KUMAR. B.N
Assistant Professor, AICM