Govt Puts Light On ‘Viksit Bharat’ Roadmap: 7 Takeaways From FM’s Speech
A provision of Rs 75,000 crore is proposed as a 50-year interest-free loan this year to support the milestone-linked reforms by the state governments, Sitharaman said.
A provision of Rs 75,000 crore is proposed as a 50-year interest-free loan this year to support the milestone-linked reforms by the state governments, Sitharaman said.
Viksit Bharat
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Many of our problems today due to inferior or scarce public services, from commutation and healthcare to hygiene, access to safe drinking water, shelter, unemployment and insufficient social or financial security in old age, might be a thing of the past in a “Viksit Bharat”. In the Interim Budget 2024 in Lok Sabha on Thursday, Finance Minister Nirmala Sitharaman laid out the outlines of the strategy towards a “Viksit Bharat” or developed India by 2047.
“Our vision for ‘Viksit Bharat’ is of ‘Prosperous Bharat’ in harmony with nature, with modern infrastructure, and opportunities for all citizens and regions to reach their potential,” Sitharaman declared. The minister said the next five years will be of unprecedented development and golden moments to realise the dream of a developed India in 2047.
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The confidence of this assertion, she said, is based on the government’s “strong and exemplary track record of performance and progress” with the motto of “Sabka Vishwas”. The finance minister said, “The trinity of demography, democracy and diversity, backed by ‘Sabka Prayas’, has the potential to fulfil aspirations of every Indian.”
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Highlighting the initiatives for the ‘Amrit Kaal’ or the “Viksit Bharat” strategy, she laid out the broader areas the government would emphasise.
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By removing the need for a physical card, UPI-ICD makes cash deposits more accessible, particularly for those who may not always have their card handy
However, it must be noted that the net payroll addition under EPFO in FY24 at 131.5 lakh was slightly lower than 138.5 lakh in FY23.
Many non-BJP-ruled states have already dumped the new pension scheme (NPS) and have demanded that the central government refund the accrued NPS corpus
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