Union Budget-2023 foundation for superpower India: Biren
Source: Chronicle News Service / DIPR
Imphal, February 03 2023:
Along with lauding the Union Budget 2023 tabled in the Parliament by finance minister Nirmala Sitharaman, chief minister N Biren has said that it is the first general budget of India's Amrit Kaal and it laid the foundation for India to become super power in the next 50 years.
Briefing the media at CM secretariat here oh Friday evening, CM Biren said that the budget is for public welfare and it will uplift lives of villagers, rural folks, tribals, farmers, backward classes, differently-abled and those economically backward.
Congratulating finance minister Sitharaman for tabling the visionary and pro-poor budget under the guidance of Prime Minister Narendra Modi, CM Biren said that this budget will promote social justice, equality and provide equal opportunities to all sections of society.
According to CM Biren, the Union budget 2023 will make India a super power as it contains blue print for country's economic development for the next 50 years.
The budget carries economic agenda of facilitating opportunities for citizens, providing strong impetus to growth and job creation and strengthening macroeconomic stability.
The budget highlighted end of old tax regime and beginning of a new tax system, he said, adding that tax slabs have been reduced to 5 from 6 and no income tax payable up to Rs 7 lakh a year.
The budget also reflects seriousness and commitment of the government for development of tribal communities and will drive PM's Particularly Vulnerable Tribal Groups (PVTG) Development Mission as Rs 15,000 crore has been allocated for the mission, Biren said while also welcoming the step to establish National Digital Library for youth and children.
In the next three years, Central government will appoint 38,800 teachers and support staff for 740 Eklavya Model Residential Schools, he added.
Highlighting government's focus on development of dairying, animal husbandry and fisheries sectors, the budget has increased the target of providing agriculture credit to Rs 20 lakh crore and to promote agri startups.
In the next three years, one crore farmers will be assisted to adopt natural farming and 10,000 bio input resource centres.
Pradhan Mantri Kaushal Vikas Yojana (PMKVY) 4.0 will be launched to skill lakhs of youths and will have new age courses like coding, artificial intelligence, robotics, mechatronics, IOT, drones 30 Skill India International Centres will be set up to skill youth for international opportunities, he said.
The chief minister further commended the announcement of 'National Data Governance Policy' and said that it will promote research and innovations in start-ups and educational institutions.
Another major focus of the budget is the 'Mahila Samman Bachat Patra', a new Small Savings Scheme, launched to commemorate 'Azadi Ka Amrit Mahotsav', Biren said, adding that it will provide fixed interest of 7.5 % per cent per annum for 2 years for deposit up to Rs 2 lakh in the name of women or girls.
Another major focus of this budget is 'Green Growth', he said, adding that the Modi government has allocated Rs 19,700 crore for the National Hydrogen Mission with a target to produce 50 lakh tonnes of green hydrogen by 2030 and provision of Rs 35,000 crore fund for energy transition to 'green' energy.
The chief minister added that 100 laboratories to be set up in engineering institutes to develop apps that run on 5G mobile services will create new opportunities, jobs and investments.
This budget allocated Rs 2.40 lakh crore for development and modernisation of Indian Railways which is nine times more than the 2014 figure while capital investment has been increased by 33 per cent to Rs 10 lakh crore and it will boost infrastructure development across the country, Biren explained.
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