NEW DELHI: Prime Minister Narendra Modi on Thursday made it plain that the Interim Budget represented the confidence of his policies being continued after the Lok Sabha elections in May.
“This Budget carries the confidence of continuity and will empower all pillars of developed India — youth, poor, women and farmers,” the PM said, his remarks reflecting the optimism about BJP’s prospects that he had expressed on Wednesday by asserting that his govt would would soon present a full Budget.
He also said the Budget had pointers to the trajectory he intends to follow to realise the goal of turning India into a developed country by 2047. Terming it inclusive and innovative, as well as reflective of the aspirations of “young India”, he said the Budget was a guarantee to strengthen foundations of a “Viksit Bharat”.
The PM flagged creation of a fund of Rs 1 lakh crore for research and innovation, extension of tax exemptions for startups as well as record capital expenditure of Rs 11,11,111 crore while keeping fiscal deficit under control.
“In economists’ parlance, this is a kind of sweet spot,” Modi said, adding that it would create millions of new employment opportunities for the youth along with creation of modern infrastructure for the 21st century.
He said the announcement to manufacture 40,000 modern bogies of Vande Bharat standards and install them in passenger trains would heighten comfort and the travel experience of crores of passengers.
Asserting that his govt sets a big goal, achieves it, and then sets an even bigger goal for itself, he said, “We have built more than 4 crore houses for the poor in villages and cities and now we have set a target of building 2 crore more houses. We had set a target of creating 2 crore ‘Lakhpati Didis’, now we have increased it to 3 crore.”
Modi praised the Ayushman Bharat for its significant aid to the poor, and hailed extending its benefits to Anganwadi and ASHA workers.
He said there was an emphasis on empowering the poor and middle class by creating new opportunities for them in this Budget. He mentioned the rooftop solar campaign where 1 crore families will avail free electricity, while also earning an income of Rs 15,000 to Rs 18,000 per year by selling excess power to the govt.
He said the income tax remission scheme would provide relief to about 1 crore citizens belonging to the middle class.
“This Budget carries the confidence of continuity and will empower all pillars of developed India — youth, poor, women and farmers,” the PM said, his remarks reflecting the optimism about BJP’s prospects that he had expressed on Wednesday by asserting that his govt would would soon present a full Budget.
He also said the Budget had pointers to the trajectory he intends to follow to realise the goal of turning India into a developed country by 2047. Terming it inclusive and innovative, as well as reflective of the aspirations of “young India”, he said the Budget was a guarantee to strengthen foundations of a “Viksit Bharat”.
The PM flagged creation of a fund of Rs 1 lakh crore for research and innovation, extension of tax exemptions for startups as well as record capital expenditure of Rs 11,11,111 crore while keeping fiscal deficit under control.
“In economists’ parlance, this is a kind of sweet spot,” Modi said, adding that it would create millions of new employment opportunities for the youth along with creation of modern infrastructure for the 21st century.
He said the announcement to manufacture 40,000 modern bogies of Vande Bharat standards and install them in passenger trains would heighten comfort and the travel experience of crores of passengers.
Asserting that his govt sets a big goal, achieves it, and then sets an even bigger goal for itself, he said, “We have built more than 4 crore houses for the poor in villages and cities and now we have set a target of building 2 crore more houses. We had set a target of creating 2 crore ‘Lakhpati Didis’, now we have increased it to 3 crore.”
Modi praised the Ayushman Bharat for its significant aid to the poor, and hailed extending its benefits to Anganwadi and ASHA workers.
He said there was an emphasis on empowering the poor and middle class by creating new opportunities for them in this Budget. He mentioned the rooftop solar campaign where 1 crore families will avail free electricity, while also earning an income of Rs 15,000 to Rs 18,000 per year by selling excess power to the govt.
He said the income tax remission scheme would provide relief to about 1 crore citizens belonging to the middle class.
