"Pro budget for gaanv, gareeb, industrial sector": Goa CM Pramod Sawant
Jul 24, 2024
Panaji (Goa) [India], July 24 : Goa Chief Minister Pramod Sawant lauded the Union Budget for focusing on a range of domains, saying that it is a "pro budget" for the villages, poor as well as the industrial sector.
"The way there has been major expenditure of defence, rural development, agriculture, education, IT, health, energy and software, commerce and industry, it seems that this is a pro budget for 'gaanv', 'gareeb' as well as the industrial sector," Sawant said speaking to the media on Tuesday.
The Chief Minister said that Goa will reap the maximum benefits from the Budget.
"From this budget, we will take the maximum benefit by way of infrastructure development, schemes, special proposals for Goa," Sawant said.
"This is a budget that will fulfil the 25-year vision of Viksit Bharat given by PM Modi," he added.
Finance Minister Nirmala Sitharaman presented her record seventh consecutive Union Budget 2024-25 on Tuesday during the Budget Session of Parliament. She makes history as the first finance minister to present seven consecutive budget speeches, surpassing former Prime Minister Morarji Desai's record of six consecutive budgets as finance minister between 1959 and 1964.
FM Sitharaman, in her seventh consecutive Union Budget for 2024-25, outlined key priorities aimed at fostering economic growth and creating ample opportunities. The priorities include Productivity and Resilience in Agriculture, Employment skills, and services.
She listed productivity and resilience in agriculture, employment and skilling, inclusive human resource development and social justice, manufacturing and services, urban development, energy security, infrastructure, innovation, research and development, and next-generation reforms as nine priority areas for the government.
In her budget speech, Sitharaman introduced an increased standard deduction and revised tax rates for salaried individuals under the new tax regime. Sitharaman announced a significant set of income-tax reforms for the fiscal year 2024-25, aimed at simplifying tax laws, promoting compliance, and fostering economic growth.
Sitharaman, in her budget speech, proposed the creation of employment for about 4.1 crore youth over the next five years. Towards this, the finance minister has made an allocation of Rs 2 lakh crore.
Similarly, for skilling the citizens so as to generate job opportunities, she proposed Rs 1.48 crore. 20 lakh youth will be skilled over a five-year period. A total of 1,000 industrial training institutes will be upgraded.
