The interim budget’s commitments were reiterated, particularly focusing on four key groups: the poor (‘Garib’), women (‘Mahilayen’), youth (‘Yuva’), and farmers (‘Annadata’). Notable measures included higher Minimum Support Prices for crops and the extension of the Pradhan Mantri Garib Kalyan Anna Yojana, benefiting over 80 crore people.
The key theme of the 2024-25 budget centers on job creation, skilling, support for MSMEs, and strengthening the middle class. Finance Minister Sitharaman introduced the Prime Minister’s package of five schemes aimed at creating opportunities for 4.1 crore youth over five years, with a central outlay of Rs 2 lakh crore. A significant allocation of Rs 1.48 lakh crore was earmarked for education, employment, and skilling initiatives.
The budget outlines nine priorities, including agriculture, employment, inclusive human resource development, manufacturing, urban development, energy security, infrastructure, innovation, research, development, and nextgeneration reforms. These priorities are part of the government’s strategy to propel India towards comprehensive development and prosperity.
Specific actions for agriculture were detailed, such as enhancing productivity and resilience through research, releasing new crop varieties, promoting natural farming, and boosting pulses and oilseeds production. The Digital Public Infrastructure for Agriculture initiative aims to digitize farming operations across the country, benefiting millions of farmers.
In the realm of employment and skilling, the government introduced three schemes under the Employment Linked Incentive program. These schemes aim to support first-time employees, encourage job creation in manufacturing, and provide incentives to employers hiring additional workers. Special emphasis was placed on increasing women’s participation in the workforce through infrastructure support and skill development programs tailored to their needs.
This story is from the August 2024 edition of Investors India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the August 2024 edition of Investors India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Indians are Developing Weak Bones
In India, 1 out of 8 males and 1 out of 3 females suffer from osteoporosis, making India one of the largest affected countries in the world.
"The strategy behind the Tata India Innovation Fund centers on identifying companies that are driving transformative or incremental changes through innovation"
Yes, we certainly believe innovation is a powerful theme with immense potential for the coming years, and we are excited to bring it to our investors.
What is Hybrid Mutual Fund?
Hybrid Mutual Fund is a combination of more than one type of fund. While they invest in shares of companies listed on the exchange, like equity funds.
Should you invest in dynamic bond funds?
Dynamic bond funds have delivered a category average return of 8.68 per cent over the past year, making them the fourth best-performing category, following long-duration funds, constant maturity gilt funds, and gilt funds. With interest rate cuts yet to begin, these funds remain a viable option for investors seeking to benefit from possible rate reductions.
The Multicap Solution to India's MultiDimensional Growth
India is entering a transformative era of economic growth, backed by a unique combination of demographic strength, infrastructure development, and rising global prominence.
The Long-Term Benefit of Investing in Children's Future
A child is the most treasured part of any parent's life, and naturally, we want to give them the best of what the world has to offer. This often means not only ensuring we can meet their needs but also nurturing them to pursue their unique aspirations. Each child has their own dreams and challenges, making the early years critical as they lay the foundation for a healthy and fulfilling future.
ASK THE EXPERT
Ques. One of my friends told me that your company provides detailed Retirement plans. I want to know what is the procedure to get my Retirement plan. I will be retiring in March 2025. R.P Gupta, Noida
How to Naturally Reverse Fatty Liver Disease
The liver, located on the upper-right side of the abdomen, is the body’s largest internal organ and plays a critical role in detoxifying the blood and processing nutrients.
Banking sector which has underperformed in the last two years, now offers a favorable risk-reward profile
Do you think the market is overpriced? Is yes, should investors refrain from investing in index schemes at the current valuation?
India will continue to enjoy benefits of a close US relationship and trade will continue to grow
Q1. The US elections are said to be one of the closest till date, what impact will the election of a Republican / Democratic party have on the US economy and how is that going to affect India in the short as well as the long term?
