Page 18 - NIS English Aug 1-15, 2024

Budget

2024-2025

scheme will include human resource development,
building infrastructure, and the creation of economic
opportunities so that this region plays a leading role in
achieving the goal of Viksit Bharat. Assistance will be
provided for the development of the Amritsar-Kolkata
Industrial Corridor and Industrial Center in Gaya. This
corridor will promote industrial development of the
North-East region. This industrial center of Gaya will
also become a good model for developing culturally
important ancient centers as future centers of the
modern economy. This model will reflect “development
as well as heritage” in India’s development journey.

The foundation stone of
future-oriented thinking
The central government has not only presented a
5-year financial blueprint in the general budget but has
also laid the foundation stone of reforms by making the
future generation a partner in the development of the
nation so that the resolution of a Viksit Bharat in 2047
is realized. The general budget has set the target of
reforms for employment opportunities and sustainable
high development along with the economic policy
framework for next-generation reforms. Apart from
this, the efforts made by state governments for land
reforms, rural land-related works, urban land-related
works, labor reforms, labor facilitation and solution The budget for a developed
portal, capital and entrepreneurship reforms, financial India ensures inclusive growth,
sector vision and strategy, taxonomy for climate benefits every section of society
finance, variable capital company structure, foreign and paves the way for a
direct investment, and overseas investment, apart from Viksit Bharat
the launch of NPS-Vatsalya scheme for contribution
by parents and guardians for minor children have
been announced. On attaining the age of majority, this - Narendra Modi, Prime Minister
scheme can be easily converted into a normal NPS
account. Along with this, important future-oriented
steps have been taken towards the digitalization of
the economy like the use of technology, ease of doing every year as a financial accounting document, has
business, data and statistics, and creative approach to risen above being a customary practice and has
the New Pension Scheme (NPS). become a powerful medium of public participation
and is focusing the energy of the government on
New direction to the budget of New India the priorities of comprehensive development. The
The general budget, which was once presented Modi government has taken revolutionary initiatives

16 New India Samachar August 1-15, 2024

30-07-2024 17:20:55
NIS English AUG 1-15 2024 FINAL. Inf..indd 16
NIS English AUG 1-15 2024 FINAL. Inf..indd 16 30-07-2024 17:20:55