On Tuesday Prime Minister Narendra Modi said that the Union Budget 2024-24 will give new impetus to economic development in the country.
The Prime Minister said that the budget would empower all sections of society.
‘This is a budget that will take the country’s villages, poor and farmers on the path of prosperity. In the last 10 years, 25 crore people have come out of poverty. This budget is a budget for the continuation of the empowerment of the newly emerged, Neo Middle Class’, said PM Modi in his remarks on the budget.
‘This will give new strength to the middle class. It has come up with strong plans to empower the tribal society, Dalits and backward classes’, he said.
PM Modi also highlighted the announcements about the tax and TDS rules and said, ‘Many provisions have been made in this budget to make the defence sector self-reliant. The focus is also laid on the tourism sector in this budget. A decision has also been taken on the reduction of tax and TDS rules are also simplified. We are speeding development in the eastern region by the way of construction of highways and water and power projects’.
On announcements regarding MSMEs, the Prime Minister said that it would provide a new path of progress for small traders and MSMEs. ‘A new scheme to increase ease of credit has been announced in the budget. Announcements have been made to take the export and manufacturing ecosystem to every district in this budget. This budget will bring new opportunities for startups and the space economy’, he said.
Defence Minister Rajnath Singh congratulated Finance Minister Nirmala Sitharman for presenting an excellent budget. Taking to X, he wrote, “Congratulations to Finance Minister Nirmala Sitharman for presenting an excellent and outstanding full year Budget for FY 2024-25 which will help in moving towards making a prosperous and self-reliant ‘Viksit Bharat’. Inspired by PM Narendra Modi’s vision of Inclusive and fast paced Development this Budget will accelerate India’s economic transformation.
Congratulations to Finance Minister Smt. @nsitharaman for presenting an excellent and outstanding full year Budget for FY 2024-25 which will help in moving towards making a prosperous and self-reliant ‘Viksit Bharat’. Inspired by PM Shri @narendramodi vision of Inclusive and…
— Rajnath Singh (@rajnathsingh) July 23, 2024
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