Nirmala Sitharaman:  FM Replies On Budget Discussions In Lok Sabha:

Union Finance minister nirmala sitharaman on tuesday said that india is the fastest growing economy and has overcome the after-effects of the pandemic due to the Capex push.

While replying to the discussions on the Union Budget 2024-25 in Lok Sabha, FM nirmala sitharaman said that Budget 2024 has allocated increased funds for social sectors including agriculture, education and employment.

The Budget aims to achieve Viksit Bharat’s vision by 2047, FM said. The parliament Budget Session 2024 is currently underway. It commenced on July 22, 2024, and is scheduled to conclude on august 12, 2024. The reply from the Finance minister is expected to address issues and concerns raised by opposition parties. Members of parliament are discussing various issues, including the Union Budget, the economic situation, and other matters of national importance.

Opposition parties on monday tore into the Union Budget saying most of the states have got nothing in the first major economic document of the Modi 3.0 government.Treasury benches on the other hand lauded the Rs 48.2 lakh crore Union Budget presented in parliament on July 23 saying the country has made all-round development.

Participating in the general discussion on the budget, senior bjp leader Sudhanshu Trivedi reeled out data on GDP growth, rising foreign exchange reserves, declining fiscal deficit and a sharp increase in foreign remittances to highlight the achievements of the government on the economic front.Seeking to counter the charges levelled by opposition parties during the discussion regarding government favouring corporates, Trivedi said the corporate taxes have been reduced to make the industry competitive.

He pointed out that global MNCs are shifting away their base from china where corporate tax is 25 per cent. The bjp leader also lauded the central government’s work on controlling inflation.On the congress party’s charge that no person belonging to SC, st and OBC was present at the traditional ‘halwa ceremony’ held before the budget, he said, “Ye woh log pooch rahe hain, jo 60 saal se khate rahe halwa aur janta ko khilate rahe balua. (Such remarks are being made by those who keep relishing halwa for 60 years but gave nothing to the people)”.
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S Venkateshwari

30/07/2024 04:59 PM