Home / News / India News / Article /
Union Budget 2024: From Bihar to Andhra Pradesh and beyond
Updated On: 23 July, 2024 08:03 PM IST | Mumbai | Aditya Trivedi
While Bihar and Andhra Pradesh do not have special status, the Finance Minister announced that both states will receive special assistance
The "bahi-khata” held by Finanace Minister Nirmala Sitharaman. Pic/PTI
Now presented digitally, the red-coloured “bahi-khata” held by Nirmala Sitharaman marks the 13th Budget of the Modi Government and the seventh in a row presented by her. The focus, as always, is on the poor, women, youth, and farmers. While this budget maintains the capital expenditure (capex) at Rs 11.11 lakh crore, it introduces tax relief in the new regime, with zero tax up to Rs 3 lakh. The fiscal deficit is kept at 4.9%, with a target of 4.5% for the next year. Innovative policies, such as the space economy fund, are highly commendable.
The interim budget presented before the polls did not include any vote-pulling schemes, as the Government focused on clean politics and sound economics. However, the results of the polls may have shifted the party’s perspective. After a poor performance in the Lok Sabha polls and by-elections, the BJP cannot afford to lose in the upcoming four state elections: Maharashtra, Haryana, J&K, and Jharkhand. The budget presented today reflects the Government’s effort to balance politics and economics. It focuses significantly on the states of Bihar and Andhra Pradesh, the home states of key alliance partners JDU and TDP, respectively, in Modi`s third term.
Trending Stories
Latest Photos
Latest Videos
Latest Web Stories
ADVERTISEMENT
Mid-Day Fast
ADVERTISEMENT
ADVERTISEMENT