Union Budget 2024: Highlights and Key Points
Mantra of Sabka Saath, Sabka Vikas, and Sabka Vishwas
Finance Minister Nirmala Sitharaman presented the Union Budget 2024 in Parliament, outlining the government's financial roadmap for the nation. The budget is anchored on the mantra of "Sabka Saath, Sabka Vikas, Sabka Vishwas," emphasizing inclusive growth and development for all citizens.
Key Budget Highlights
Capital Expenditure: The Capital Expenditure Outlay for FY 2024-25 has been increased by 111% to Rs 40,000 crore. The budget aims to convert 4000 normal rail bogies into Vistadome coaches, enhancing the travel experience.
Fiscal Deficit: The revised fiscal deficit, the gap between government expenditures and revenues, is targeted to be brought down to 4.5% of GDP in FY 2024-25.
Infrastructure: Significant investments have been allocated for infrastructure development, including highways, railways, and urban infrastructure. The budget also emphasizes the development of 100 smart cities as part of the Smart City Mission.
Conclusion
The Union Budget 2024 sets the tone for the Modi government's third term, prioritizing inclusive growth, infrastructure development, and fiscal consolidation. It aims to create a more prosperous and equitable future for the nation, leaving a lasting impression on the hearts and minds of Indian citizens.
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