Budget Reaction of N. Parvathi Reddy, FICCI FLO Young Leader and Co-Founder and Executive Director at NAR Infra Pvt

▴ N. Parvathi Reddy
Setting up a corpus of Rs 1 lakh crore with 50-year interest-free loans for sunrise domains is a step towards the future-oriented economic development of the country.

Budget, though interim, has a long-term view. It is a forward-looking budget.  It laid down the long-term vision of the government. Nirmala Seetharamn reemphasised the importance of innovation.  She said innovation is the foundation of development.  Accordingly, she provided provisions in the budget. For continuity, the FM extended tax exemptions to Startups working in the space of IFSC.  Retained tax rates for direct and indirect taxes.  The budget made provisions for the empowerment of Women, Children, Youth and Farmers, which is most welcome.  The budget also gave a fillip to skill development, upskilling and reskilling.  The Minister announced plans to take up projects for port connectivity in island territories.

On the Tourism front, setting up of development centres, encouragement to promote India as a MICE destination, boosting spiritual tourism, long-term interest-free loans to states to develop tourism centres and conversion of 40,000 rail bogies to Vande Bharat Standards are some of the laudable initiatives proposed in the budget.

Setting up a corpus of Rs 1 lakh crore with 50-year interest-free loans for sunrise domains is a step towards the future-oriented economic development of the country.  

The budget was women-friendly budget. Extension of Ayushman Bharath to all Asha and Anganwadi workers, bringing maternal, and child care health schemes under one plan, and plans to allocate 70% of houses to women in rural areas under the PM Awas Scheme are some of the steps towards women's welfare.   It announced that it would launch a new housing scheme for the middle class. The Minister also stated the government will build 20 million rural houses in the next five years. It is a progressive step ensuring housing for all.  

All in all, it is a forward-looking budget. Though it was anticipated that the Finance Minister would announce some soaps in income tax that has not happened.  It has also a long time demand the GST Amnesty was expected, but that too has not been addressed.  Hope these will be looked into as well as some measures to encourage schools and education when a full budget is proposed in July by a successive government.

Tags : #

About the Author


Team Medicircle

Related Stories

Loading Please wait...

-Advertisements-




Trending Now

Deworming in Children: A Crucial Step Towards Healthy GrowthFebruary 07, 2025
AI-powered blue-collar hiring platform Vahan.ai secures investment from APAC HR services leader Persol Group amid booming gig economy in India; plans to develop AI recruitment technology to support 8 major Indian languages February 07, 2025
Scars That Never Heal: The Painful Reality of Female Genital MutilationFebruary 06, 2025
Maharashtra’s Healthcare Betrayal: Why Are Crucial Funds Going Unused?February 06, 2025
1vision, 1 mission: Avaada Foundation’s CSR initiatives are powering communities and delivering sustainable progress across 5 key focus areasFebruary 06, 2025
Top 5 Technology Brands that are Transforming the Cancer Care Journeys for Hospitals and PatientsFebruary 06, 2025
Women's Wellness brand NUA Raises Rs 35 Crore in Pre-Series C led by Mirabilis Investment TrustFebruary 06, 2025
8 Effective Ways to Minimize Postpartum ComplicationsFebruary 06, 2025
Does Where You Live Decide Your Fate? The Urban-Rural Breast Cancer Divide in IndiaFebruary 06, 2025
Nepal leads the world with largest pictorial health warnings on all tobacco productsFebruary 05, 2025
Fleetguard Filters Private Limited Recognized for Excellence in CSR at Navabharat’s 4th CSR ConclaveFebruary 05, 2025
Six new regions of the Russian Federation are set to connect to Moscow's AI medical services platform, MosMedAIFebruary 04, 2025
Six new regions of the Russian Federation are set to connect to Moscow's AI medical services platform, MosMedAIFebruary 04, 2025
Ashok Leyland Reinforces ESG Commitment, Ranked No. 1 Globally in Sustainalytics’ RatingsFebruary 04, 2025
Calcium Supplements: Do You Really Need Them?February 04, 2025
Digital Diagnostics Doubles Its Foreign Publication Count in 2024February 04, 2025
World Cancer Day quotesFebruary 04, 2025
India can take a big leap in Cancer Care with Improved access to treatment and People-centered Approach: ExpertsFebruary 04, 2025
Lilly India appoints Winselow Tucker as the President and General ManagerFebruary 04, 2025
Driving Excellence in Clinical Research: ISCR's 18th Annual Conference Highlights Innovation, Technology, and Patient-CentricityFebruary 04, 2025