Modi Govt's Final Budget: Viksit Bharat, Unchanged Tax, 2 Crore Homes, Lakshadweep in Focus

The Modi government's final budget outlines a transformative vision for Viksit Bharat, emphasizing inclusive development and economic growth. Key highlights include continuity in tax slabs, focus on aviation and island development, support for dairy farmers, increased infrastructure spending, and state-level reforms. The budget aims to ignite hope for a prosperous and resilient India. 

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The much-anticipated last budget of the Modi government 2.0 was unveiled by Union Finance Minister Nirmala Sitharaman, marking a significant moment ahead of the impending Lok Sabha elections in April-May. The government, in its pursuit of a developed and inclusive India, outlined key initiatives focusing on Viksit Bharat.

Over the past decade, the Indian economy has undergone a positive transformation, with a commitment to ensuring comprehensive development for all regions and people. Sitharaman emphasized the government's dedication to 'sabka saath sabka vikas sabka vishwas' while presenting the interim budget for 2024 in the Lok Sabha.

A holistic approach was evident in the government's development philosophy, encompassing social inclusivity and geographical development. The Finance Minister highlighted the nation's resilience in overcoming the challenges posed by the unprecedented pandemic through the 'sabka pray' approach, laying the groundwork for an 'Amrit kal.'

The budget addressed various sectors, ensuring continuity in the income tax slabs, and maintaining existing rates for both direct and indirect taxes, including import duties. The aviation sector emerged as a focal point, with plans for the expansion of airports and the development of new routes, catering to the growing demand in domestic tourism.

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Special attention was given to the dairy farming sector, with a comprehensive program in the works to support dairy farmers and control foot and mouth disease. Infrastructure development received a significant boost, with an 11.1% increase in capital expenditure, amounting to Rs 11,11,111 crore.

The government's commitment to state-level reforms for Viksit Bharat was evident through a provision of a fifty-year interest-free loan amounting to Rs 75,000 crore. Economic railway corridors under the PM Gati Shakti initiative was also highlighted, focusing on enhancing logistics efficiency and reducing costs.

The interim budget showcased the government's efforts in poverty alleviation, financial assistance to farmers, and women empowerment through various schemes like PM-Kisan Samman Yojana, PM Fasal Bima Yojana, and Mudra Yojana.

In conclusion, the budget sets the stage for a transformative and inclusive future, emphasizing sustainable development, economic growth, and social welfare.