Page 10 - NIS English 16-28 Feb 2022

Union Budget | Economy

The government will give a Related Transformation, and Financial Support to
one-time extension to rectify the Investment. Instead of populist announcements, the
roadmap for the nation's strong development has
mistakes and omissions in the ITR been retained in the general budget. Despite Covid's
filed, updated returns can be filed losses, the tax structure has remained unchanged.
within two years Not only have farmers and business owners received
direct benefits from the budget, but 80 lakh PM
housing units for the poor are set to connect 3.8
To ensure timely delivery of plans and crore families with the Nal Jal Yojana this year. PM-
announcements till the last mile, the government has DevINE is a new initiative for social development in
made this thinking a mantra to get the general budget the Northeast. The "Vibrant Village Program" has
on the ground. There was a time when people used set a target for development in border areas. Not
to forget after preparing and presenting the budget only that, but infrastructure development to bring
in the country. This is the first time in the history post offices under the purview of digital banking has
of the country when the presentation of the annual increased infrastructure spending to Rs. 7.5 lakh
general budget is not just a formality of distributing crore. This budget proposes building 25 thousand
salaries and giving benefits to the people of a few kilometres of new highways, sourcing 68 percent of
schemes, but a new beginning to give shape to the the defence budget from Indian manufacturers, and
country’s needs and capabilities post-COVID. In constructing 400 Vande Bharat trains to modernise
such a situation, when presented out of the box for and facilitate travel. Unique initiatives like Digital
the second consecutive year under the shadow of University to promote education-skills, the New
Covid, which has emerged as a vision document till Corridor of Natural Agriculture, and five more
the centennial year of India's independence (2047), projects to be taken forward, like the Ken-Betwa River
in which every common citizen of the country is a Link Project and the Implementation of the National
participant, not the government. Digital Health Ecosystem by expanding health
The General Budget for 2022-23 has been services, Ease of Doing Business 2.0, advancing 5G,
increased to Rs 39.45 lakh crore, demonstrating that PLI, and expanding startups are among the priorities
India's economy is growing rapidly even during the of this budget. With the launch of Mission Shakti,
COVID period. In her budget speech, Union Finance Mission Vatsalya, Saksham Anganwadi, and Poshan
Minister Nirmala Sitharaman also stated that the 2.0, the emphasis has been placed on upgrading 2
country's economic growth rate is expected to be lakh anganwadis, particularly for women.
9.2 percent, the highest among the world's major
economies. With these encouraging signs in mind, AMRIT SANKALP: THE NEED OF THE DAY
four priorities have been set in this budget for the next This curiosity can be in anyone's mind. Why did
25 years: PM Gati Shakti, Integrated Development, the country require such a resolution after 75 years
Production Promotion and Investment, Energy of independence? In fact, every nation comes to a

8 New India Samachar February 16-28, 2022