Page 14 - NIS English Aug 1-15, 2024

Budget

2024-2025

indications from the point of view of Indian traditions
and cultural heritage. The number 18 has a very 'sattvik'
(pure) value in India. The Gita also has 18 chapters - the
message of karma, duty, and compassion is found in
it. The number of Puranas and sub-Puranas in India is
also 18. The root number of 18 is 9 and 9 guarantees
perfection. The number 9 is a symbol of perfection. In a
democratic system, youth also get voting rights at the
age of 18, that is, 18 is also the standard of adulthood,
hence the first Union Budget of the 18th Lok Sabha is
also going to give an auspicious and pleasant indication Budget Estimates 2024-25
for realizing the resolutions of India's Amrit Kaal.
n For the year 2024-25, total receipts and total
expenditure excluding borrowings are estimated
The number 9, a symbol of perfection, at Rs 32.07 lakh crore and Rs 48.21 lakh crore
and the 9 priorities of the budget respectively. Net tax receipts are estimated at Rs
In this general budget too, the central government has 25.83 lakh crore.
set 9 priorities, which it is committed to achieving. This n The fiscal deficit is estimated to be 4.9 per cent of
strong intention has been indicated in the Economic GDP.
Survey presented before the general budget, after which n The fiscal consolidation measure announced in 2021
Prime Minister Narendra Modi said, "The Economic has benefited our economy, and now the target is to
Survey highlights the strengths present in our bring the deficit below 4.5 per cent next year.
economy. It also shows the results of various reforms
brought by our government. When we are moving 1. Productivity and Resilience in Agriculture
towards building a Viksit Bharat, it also identifies 2. Employment & Skilling

areas of further growth and progress." Now if we try 3. Inclusive Human Resource Development and Social
to understand the second Amrit Year and the general Justice
budget of the year 2024-25 in a few words, then it is a 4. Manufacturing & Services
visionary and employment-oriented budget dedicated 5. Urban Development
to public welfare and the development of the nation. 6. Energy Security
The theme of this budget can be summarized in the 7. Infrastructure
acronym 'EMPLOYMENT'. If we define it, it is based on 8. Innovation, Research & Development and
E i.e. Employment and Education, M i.e. Micro-Medium- 9. Next Generation Reforms
Small Enterprises (MSMEs), P i.e. Productivity, L i.e. The central government will now prepare the
Land, O i.e. Opportunities, Y i.e. Youth, M i.e. Middle upcoming budgets based on these parameters. New
Class, E i.e. Energy Security, N i.e. New Generation priorities and tasks will be included.
Reforms and T i.e. Technology. In the true sense, this is not just a financial document
The size of the General Budget- 2024-25 has for the year 2024-25, but a blueprint to take the
increased to more than Rs 48 lakh crore as compared to country to new heights, to become the third economic
Rs 45 lakh crore in 2023-24, which shows that despite superpower and lay the foundation of developed India.
global challenges, India's economy is growing rapidly.
Every section of the society will benefit from this. In Empowerment of every section
line with the strategy laid out in the interim budget, this The 18th Lok Sabha has become an important
budget has 9 pillars i.e. 9 pillars of Viksit Bharat- milestone in the glorious journey of Indian democracy.

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