A detailed breakdown of each section, including specific figures, policies, and implications. Here’s summary covering various aspects of the budget 2024-2025:
1. Introduction: Overview of Budget 2024-2025
The Budget 2024-2025 lays out the government’s financial strategy and priorities for the upcoming fiscal year. It is a comprehensive plan designed to address various economic challenges, drive growth, and ensure sustainable development. The budget aims to balance fiscal discipline with the need for increased spending in critical areas like infrastructure, healthcare, education, and social welfare. This document provides an in-depth analysis of the key highlights, fiscal projections, sectoral allocations, and policy initiatives included in the Budget 2024-2025.
2. Fiscal Deficit and Revenue Projections
The fiscal deficit is projected to be 4.9% of GDP for the fiscal year 2024-2025. This marks a significant commitment to fiscal consolidation while ensuring adequate funds for developmental projects. The budget aims to enhance revenue generation through increased tax receipts and non-tax revenues.
Net Tax Receipts:
– The budget anticipates a surge in net tax receipts, reflecting improved economic activity and effective tax administration.
– The government expects to raise substantial revenue from direct and indirect taxes.
Non-Tax Revenues:
– Total receipts, excluding borrowings, are expected to reach a substantial amount.
– Revenues from dividends, interest, and other sources contribute to this projection.
3. Market Borrowings and Debt Management
The budget outlines gross market borrowings estimated at a significant figure, with net market borrowings also clearly detailed. The government’s borrowing strategy aims to finance the fiscal deficit while maintaining debt sustainability.
Debt Management Strategy:
– Focus on managing the cost and risk associated with public debt.
– Plans to diversify borrowing sources and enhance investor confidence.
4. Expenditure Priorities
The total expenditure for the fiscal year 2024-2025 is set to increase, reflecting the government’s commitment to various sectors. Key areas of focus include infrastructure, healthcare, education, and social welfare.
Infrastructure Investments:
– Significant investments are announced to drive long-term economic growth.
– Projects include road and highway development, railway expansion, and urban infrastructure upgrades.
Healthcare Funding:
– Increased allocation for healthcare aims to improve service delivery and infrastructure.
– Focus on public health initiatives and pandemic preparedness.
Education Sector:
– Funding for education sees a notable increase, emphasizing scholarships, digital learning, and infrastructure development.
– Initiatives to improve the quality of education and accessibility.
5. Social Welfare and Inclusivity
The budget strengthens social welfare programs aimed at providing better support to vulnerable populations. These initiatives aim to reduce poverty, enhance social security, and promote inclusivity.
Key Social Welfare Programs:
– Expanded subsidies for food, healthcare, and housing.
– Increased allocation for pension schemes and social security measures.
Women’s Empowerment:
– Enhanced programs for women’s empowerment and gender equality.
– Initiatives to support women entrepreneurs and workforce participation.
6. Agricultural Support and Rural Development
The budget highlights expanded subsidies and support for the agricultural sector, aiming to boost rural development and farming productivity.
Agricultural Subsidies:
– Increased funding for crop insurance, fertilizers, and irrigation.
– Support for sustainable agricultural practices and technology adoption.
Rural Development:
– Initiatives to improve rural infrastructure, including roads, water supply, and sanitation.
– Focus on enhancing rural livelihoods and employment opportunities.
7. Economic Growth Projections
The budget outlines optimistic economic growth projections for the fiscal year 2024-2025, supported by various policy measures and sectoral initiatives.
Growth Drivers:
– Infrastructure development, digital economy, and industrial growth.
– Enhanced ease of doing business and investment climate.
Sectoral Growth:
– Manufacturing sector incentives and support for MSMEs.
– Promotion of the service sector, including tourism, hospitality, and IT.
8. Digital India and Technology Initiatives
A major push for digital initiatives is outlined in the budget, aiming to advance the nation’s digital infrastructure and services.
Digital Infrastructure:
– Investment in broadband connectivity, data centers, and digital services.
– Support for digital payments and cybersecurity.
Technological Innovation:
– Government’s vision for artificial intelligence, blockchain, and other emerging technologies.
– Initiatives to foster innovation and startup ecosystem.
9. Environmental Sustainability and Green Energy
The budget includes projects focusing on green energy and sustainability, aiming to combat climate change and promote environmental protection.
Green Energy Initiatives:
– Ambitious targets for renewable energy adoption.
– Tax incentives for green technologies and energy-efficient practices.
Environmental Protection:
– Measures to reduce carbon emissions and promote sustainable practices.
– Funding for conservation projects and environmental education.
10. Tax Reforms and Relief Measures
Various tax reforms and relief measures are announced to ease the tax burden on individuals and businesses.
Direct Tax Reforms:
– Changes in income tax slabs and rates.
– Introduction of new deductions and exemptions.
Indirect Tax Measures:
– Adjustments in GST rates and compliance simplification.
– Customs duty revisions to support domestic manufacturing.
11. Employment and Job Creation
The budget places a strong emphasis on employment generation and job creation initiatives.
Employment Schemes:
– Expansion of skill development programs and vocational training.
– Incentives for job creation in various sectors.
Support for Startups and MSMEs:
– Financial assistance and incubation support for startups.
– Credit and market access for MSMEs.
12. Health and Public Safety
Increased funding for healthcare aims to improve service delivery and infrastructure, with a focus on public health initiatives and pandemic preparedness.
Healthcare Infrastructure:
– Investment in hospitals, clinics, and medical research facilities.
– Programs to enhance healthcare accessibility and quality.
Public Health Initiatives:
– Vaccination drives, disease control, and health awareness campaigns.
– Strengthening of public health institutions and emergency response systems.
13. Education and Skill Development
The budget emphasizes improved education funding, scholarships, and skill development programs to enhance human capital.
Education Sector:
– Increased scholarships and funding for students.
– Development of digital learning platforms and educational infrastructure.
Skill Development:
– Programs for skill development and vocational training.
– Partnerships with industry for job-oriented training.
14. Infrastructure Development
Key projects in transportation and infrastructure are outlined to improve connectivity and logistics.
Transportation Projects:
– Road and highway development, including new expressways and national highways.
– Expansion and modernization of railway infrastructure.
Urban Development:
– Smart city initiatives and urban infrastructure upgrades.
– Affordable housing projects and urban planning reforms.
15. Financial Sector Reforms
Reforms in the financial sector aim to enhance stability and efficiency, with a focus on financial inclusion and innovation.
Banking Sector Reforms:
– Measures to strengthen banking sector health and reduce NPAs.
– Promotion of digital banking and financial literacy.
Capital Markets:
– Initiatives to deepen capital markets and enhance investor protection.
– Regulatory reforms to attract foreign investment.
16. Renewable Energy and Sustainability
Ambitious targets for renewable energy adoption are set, with a focus on reducing the nation’s carbon footprint.
Renewable Energy Projects:
– Solar, wind, and hydroelectric power projects.
– Incentives for energy-efficient technologies and practices.
Sustainability Initiatives:
– Programs to promote sustainable agriculture and waste management.
– Conservation of natural resources and biodiversity.
17. Tourism and Hospitality
The budget provides a boost to the tourism and hospitality sector, aiming to revitalize these industries post-pandemic.
Tourism Promotion:
– Development of tourist infrastructure and amenities.
– Marketing campaigns to attract domestic and international tourists.
Support for Hospitality Industry:
– Financial assistance and incentives for hotels and resorts.
– Training and skill development for hospitality workforce.
18. Housing and Real Estate
Announcements related to housing and real estate aim to address urban housing shortages and promote affordable housing.
Affordable Housing:
– Incentives for affordable housing projects and homebuyers.
– Schemes to provide housing for economically weaker sections.
Real Estate Development:
– Reforms to promote transparency and efficiency in real estate transactions.
– Support for smart city projects and urban renewal.
19. Governance and Administrative Reforms
The budget outlines various governance and administrative reforms to improve efficiency and accountability in public administration.
E-Governance:
– Expansion of digital services and online platforms for public service delivery.
– Use of technology for better governance and citizen engagement.
Administrative Reforms:
– Measures to streamline administrative processes and reduce red tape.
– Initiatives to enhance transparency and accountability in government operations.
20. Cultural and Heritage Preservation
Initiatives for preserving cultural heritage are included in the budget, aiming to promote tourism and national pride.
Cultural Preservation:
– Funding for restoration and conservation of heritage sites.
– Support for cultural festivals and events.
Promotion of Arts:
– Grants and incentives for artists and cultural organizations.
– Development of cultural infrastructure and facilities.
21. International Trade and Export Promotion
Key announcements for promoting exports and enhancing trade competitiveness are included in the budget.
Export Incentives:
– Schemes to support exporters and reduce export costs.
– Market access initiatives and trade agreements.
Trade Infrastructure:
– Development of logistics and trade facilitation infrastructure.
– Support for export-oriented industries and manufacturing clusters.
22. Science and Technology
The budget focuses on fostering innovation and technological advancement across various sectors.
Research and Development:
– Increased funding for scientific research and innovation.
– Support for research institutions and collaborations.
Technology Adoption:
– Programs to promote the adoption of new technologies in industries.
– Initiatives to enhance digital literacy and skills.
23. Cybersecurity and Data Protection
Measures to enhance cybersecurity and data protection are prioritized, aiming to safeguard digital infrastructure and data privacy
.
Cybersecurity Initiatives:
– Investment in cybersecurity infrastructure and capabilities.
– Programs to raise awareness and build cybersecurity skills.
Data Protection:
– Regulations to ensure data privacy and security.
– Support for data protection technologies and practices.
24. Skill Development and Training
Programs for skill development and vocational training are expanded to improve employability and workforce readiness.
Skill Development Programs:
– Partnerships with industry for job-oriented training.
– Initiatives to upskill and reskill the workforce.
Vocational Training:
– Expansion of vocational training centers and courses.
– Support for apprenticeships and on-the-job training.
25. Transportation and Logistics
The budget outlines key projects in transportation and logistics to enhance connectivity and efficiency.
Road and Highway Projects:
– New expressways and national highways development.
– Upgradation and maintenance of existing road infrastructure.
Railway Expansion:
– Expansion and modernization of railway network.
– Introduction of high-speed trains and improved services.
26. Clean Water and Sanitation
Initiatives for clean water and sanitation are highlighted, aiming to improve public health and quality of life.
Water Supply Projects:
– Development of water supply infrastructure and facilities.
– Programs to ensure access to clean and safe drinking water.
Sanitation Initiatives:
– Expansion of sanitation facilities and services.
– Campaigns to promote hygiene and sanitation practices.
27. Telecommunication and IT Sector
Incentives for the telecommunication and IT sectors are introduced to drive technological advancement and connectivity.
Telecommunication Projects:
– Expansion of broadband connectivity and network infrastructure.
– Support for 5G rollout and digital services.
IT Sector Support:
– Incentives for IT companies and startups.
– Programs to promote digital skills and innovation.
28. Climate Change and Environmental Protection
Measures to combat climate change and protect the environment are prioritized, reflecting the government’s commitment to sustainability.
Climate Change Initiatives:
– Programs to reduce carbon emissions and promote renewable energy.
– Support for climate adaptation and mitigation projects.
Environmental Protection:
– Conservation projects and biodiversity protection initiatives.
– Regulations to reduce pollution and manage natural resources.
29. Financial Inclusion
Reforms in the financial sector aim to enhance financial inclusion and provide access to financial services for all citizens.
Financial Services Access:
– Programs to promote banking and financial literacy.
– Initiatives to extend financial services to rural and underserved areas.
Digital Financial Inclusion:
– Support for digital banking and payment systems.
– Incentives for fintech innovations and solutions.
30. Social Security and Welfare
Social security measures are strengthened to provide better support for the elderly and vulnerable populations.
Pension Schemes:
– Increased allocation for pension schemes and social security benefits.
– Programs to ensure financial security for the elderly.
Welfare Programs:
– Expanded subsidies and support for food, healthcare, and housing.
– Initiatives to improve the quality of life for vulnerable groups.
31. Innovation and Research
Increased funding and support for research and development are highlighted to foster innovation across sectors.
Research Funding:
– Grants and incentives for scientific and technological research.
– Support for research institutions and collaborations.
Innovation Ecosystem:
– Programs to promote innovation and entrepreneurship.
– Development of innovation hubs and technology parks.
32. Employment Generation
The budget places a strong emphasis on employment generation and job creation initiatives to reduce unemployment.
Job Creation Programs:
– Expansion of public works and infrastructure projects.
– Incentives for businesses to hire and train workers.
Youth Employment:
– Programs to support youth employment and entrepreneurship.
– Initiatives to provide job-oriented training and internships.
33. Housing and Urban Development
Announcements related to housing and urban development aim to address urban housing shortages and promote sustainable cities.
Affordable Housing Projects:
– Incentives for affordable housing projects and homebuyers.
– Schemes to provide housing for economically weaker sections.
Urban Development Initiatives:
– Smart city projects and urban infrastructure upgrades.
– Programs to improve urban planning and management.
34. Healthcare and Public Health
Increased funding for healthcare aims to improve service delivery and infrastructure, with a focus on public health initiatives and pandemic preparedness.
Healthcare Infrastructure:
– Investment in hospitals, clinics, and medical research facilities.
– Programs to enhance healthcare accessibility and quality.
Public Health Initiatives:
– Vaccination drives, disease control, and health awareness campaigns.
– Strengthening of public health institutions and emergency response systems.
35. Education and Skill Development
The budget emphasizes improved education funding, scholarships, and skill development programs to enhance human capital.
Education Sector:
– Increased scholarships and funding for students.
– Development of digital learning platforms and educational infrastructure.
Skill Development Programs:
– Partnerships with industry for job-oriented training.
– Initiatives to upskill and reskill the workforce.
36. Digital Economy and Innovation
A major push for digital initiatives is outlined in the budget, aiming to advance the nation’s digital infrastructure and services.
Digital Infrastructure:
– Investment in broadband connectivity, data centers, and digital services.
– Support for digital payments and cybersecurity.
Technological Innovation:
– Government’s vision for artificial intelligence, blockchain, and other emerging technologies.
– Initiatives to foster innovation and startup ecosystem.
37. Agricultural Development
The budget highlights expanded subsidies and support for the agricultural sector, aiming to boost rural development and farming productivity.
Agricultural Subsidies:
– Increased funding for crop insurance, fertilizers, and irrigation.
– Support for sustainable agricultural practices and technology adoption.
Rural Development:
– Initiatives to improve rural infrastructure, including roads, water supply, and sanitation.
– Focus on enhancing rural livelihoods and employment opportunities.
38. Energy and Sustainability
Ambitious targets for renewable energy adoption are set, with a focus on reducing the nation’s carbon footprint and promoting sustainability.
Renewable Energy Projects:
– Solar, wind, and hydroelectric power projects.
– Incentives for energy-efficient technologies and practices.
Sustainability Initiatives:
– Programs to promote sustainable agriculture and waste management.
– Conservation of natural resources and biodiversity.
39. Financial Sector Stability
Reforms in the financial sector aim to enhance stability and efficiency, with a focus on financial inclusion and innovation.
Banking Sector Reforms:
– Measures to strengthen banking sector health and reduce NPAs.
– Promotion of digital banking and financial literacy.
Capital Markets:
– Initiatives to deepen capital markets and enhance investor protection.
– Regulatory reforms to attract foreign investment.
40. Public Safety and Security
Increased funding for public safety aims to improve infrastructure and services, with a focus on cybersecurity and data protection.
Public Safety Initiatives:
– Investment in police and emergency services.
– Programs to enhance public safety awareness and training.
Cybersecurity Measures:
– Investment in cybersecurity infrastructure and capabilities.
– Programs to raise awareness and build cybersecurity skills.
41. Export Promotion
Key announcements for promoting exports and enhancing trade competitiveness are included in the budget.
Export Incentives:
– Schemes to support exporters and reduce export costs.
– Market access initiatives and trade agreements.
Trade Infrastructure:
– Development of logistics and trade facilitation infrastructure.
– Support for export-oriented industries and manufacturing clusters.
42. Science and Technology
The budget focuses on fostering innovation and technological advancement across various sectors.
Research and Development:
– Increased funding for scientific research and innovation.
– Support for research institutions and collaborations.
Technology Adoption:
– Programs to promote the adoption of new technologies in industries.
– Initiatives to enhance digital literacy and skills.
43. Governance and Reforms
The budget outlines various governance and administrative reforms to improve efficiency and accountability in public administration.
E-Governance:
– Expansion of digital services and online platforms for public service delivery.
– Use of technology for better governance and citizen engagement.
Administrative Reforms:
– Measures to streamline administrative processes and reduce red tape.
– Initiatives to enhance transparency and accountability in government operations.
44. Cultural and Heritage Preservation
Initiatives for preserving cultural heritage are included in the budget, aiming to promote tourism and national pride.
Cultural Preservation:
– Funding for restoration and conservation of heritage sites.
– Support for cultural festivals and events.
Promotion of Arts:
– Grants and incentives for artists and cultural organizations.
– Development of cultural infrastructure and facilities.
45. International Trade
Key announcements for promoting exports and enhancing trade competitiveness are included in the budget.
Export Incentives:
– Schemes to support exporters and reduce export costs.
– Market access initiatives and trade agreements.
Trade Infrastructure:
– Development of logistics and trade facilitation infrastructure.
– Support for export-oriented industries and manufacturing clusters.
46. Skill Development
Programs for skill development and vocational training are expanded to improve employability and workforce readiness.
Skill Development Programs:
– Partnerships with industry for job-oriented training.
– Initiatives to upskill and reskill the workforce.
Vocational Training:
– Expansion of vocational training centers and courses.
– Support for apprenticeships and on-the-job training.
47. Infrastructure Development
Key projects in transportation and infrastructure are outlined to improve connectivity and logistics.
Transportation Projects:
– Road and highway development, including new expressways and national highways.
– Expansion and modernization of railway infrastructure.
Urban Development:
– Smart city initiatives and urban infrastructure upgrades.
– Affordable housing projects and urban planning reforms.
48. Public Health Initiatives
Increased funding for healthcare aims to improve service delivery and infrastructure, with a focus on public health initiatives and pandemic preparedness.
Healthcare Infrastructure:
– Investment in hospitals, clinics, and medical research facilities.
– Programs to enhance healthcare accessibility and quality.
Public Health Initiatives:
– Vaccination drives, disease control, and health awareness campaigns.
– Strengthening of public health institutions and emergency response systems.
49. Digital Economy
A major push for digital initiatives is outlined in the budget, aiming to advance the nation’s digital infrastructure and services.
Digital Infrastructure:
– Investment in broadband connectivity, data centers, and digital services.
– Support for digital payments and cybersecurity.
Technological Innovation:
– Government’s vision for artificial intelligence, blockchain, and other emerging technologies.
– Initiatives to foster innovation and startup ecosystem.
50. Agricultural Development
The budget highlights expanded subsidies and support for the agricultural sector, aiming to boost rural development and farming productivity.
Agricultural Subsidies:
– Increased funding for crop insurance, fertilizers, and irrigation.
– Support for sustainable agricultural practices and technology adoption.
Rural Development:
– Initiatives to improve rural infrastructure, including roads, water supply, and sanitation.
– Focus on enhancing rural livelihoods and employment opportunities.
51. Climate Change and Environment
Measures to combat climate change and protect the environment are prioritized, reflecting the government’s commitment to sustainability.
Climate Change Initiatives:
– Programs to reduce carbon emissions and promote renewable energy.
– Support for climate adaptation and mitigation projects.
Environmental Protection:
– Conservation projects and biodiversity protection initiatives.
– Regulations to reduce pollution and manage natural resources.
52. Financial Sector Reforms
Reforms in the financial sector aim to enhance stability and efficiency, with a focus on financial inclusion and innovation.
Banking Sector Reforms:
– Measures to strengthen banking sector health and reduce NPAs.
– Promotion of digital banking and financial literacy.
Capital Markets:
– Initiatives to deepen capital markets and enhance investor protection.
– Regulatory reforms to attract foreign investment.
53. Social Welfare and Inclusion
The budget emphasizes social welfare measures to support vulnerable populations and promote inclusivity.
Social Security:
– Increased allocation for pension schemes and social security benefits.
– Programs to ensure financial security for the elderly and disabled.
Inclusion Initiatives:
– Schemes to support marginalized and minority communities.
– Programs to promote gender equality and women’s empowerment.
54. Technology and Innovation
A strong emphasis on technology and innovation is reflected in the budget, with initiatives to drive research and development across sectors.
Research Funding:
– Grants and incentives for scientific and technological research.
– Support for research institutions and collaborations.
Innovation Ecosystem:
– Programs to promote innovation and entrepreneurship.
– Development of innovation hubs and technology parks.
55. Employment Generation
The budget places a strong emphasis on employment generation and job creation initiatives to reduce unemployment.
Job Creation Programs:
– Expansion of public works and infrastructure projects.
– Incentives for businesses to hire and train workers.
Youth Employment:
– Programs to support youth employment and entrepreneurship.
– Initiatives to provide job-oriented training and internships.
56. Housing and Urban Development
Announcements related to housing and urban development aim to address urban housing shortages and promote sustainable cities.
Affordable Housing Projects:
– Incentives for affordable housing projects and homebuyers.
– Schemes to provide housing for economically weaker sections.
Urban Development Initiatives:
– Smart city projects and urban infrastructure upgrades.
– Programs to improve urban planning and management.
57. Healthcare and Public Health
Increased funding for healthcare aims to improve service delivery and infrastructure, with a focus on public health initiatives and pandemic preparedness.
Healthcare Infrastructure:
– Investment in hospitals, clinics, and medical research facilities.
– Programs to enhance healthcare accessibility and quality.
Public Health Initiatives:
– Vaccination drives, disease control, and health awareness campaigns.
– Strengthening of public health institutions and emergency response systems.
58. Education and Skill Development
The budget emphasizes improved education funding, scholarships, and skill development programs to enhance human capital.
Education Sector:
– Increased scholarships and funding for students.
– Development of digital learning platforms and educational infrastructure.
Skill Development Programs:
– Partnerships with industry for job-oriented training.
– Initiatives to upskill and reskill the workforce.
59. Digital Economy and Innovation
A major push for digital initiatives is outlined in the budget, aiming to advance the nation’s digital infrastructure and services.
Digital Infrastructure:
– Investment in broadband connectivity, data centers, and digital services.
– Support for digital payments and cybersecurity.
Technological Innovation:
– Government’s vision for artificial intelligence, blockchain, and other emerging technologies.
– Initiatives to foster innovation and startup ecosystem.
60. Agricultural Development
The budget highlights expanded subsidies and support for the agricultural sector, aiming to boost rural development and farming productivity.
Agricultural Subsidies:
– Increased funding for crop insurance, fertilizers, and irrigation.
– Support for sustainable agricultural practices and technology adoption.
Rural Development:
– Initiatives to improve rural infrastructure, including roads, water supply, and sanitation.
– Focus on enhancing rural livelihoods and employment opportunities.
61. Energy and Sustainability
Ambitious targets for renewable energy adoption are set, with a focus on reducing the nation’s carbon footprint and promoting sustainability.
Renewable Energy Projects:
– Solar, wind, and hydroelectric power projects.
– Incentives for energy-efficient technologies and practices.
Sustainability Initiatives:
– Programs to promote sustainable agriculture and waste management.
– Conservation of natural resources and biodiversity.
62. Financial Sector Stability
Reforms in the financial sector aim to enhance stability and efficiency, with a focus on financial inclusion and innovation.
Banking Sector Reforms:
– Measures to strengthen banking sector health and reduce NPAs.
– Promotion of digital banking and financial literacy.
Capital Markets:
– Initiatives to deepen capital markets and enhance investor protection.
– Regulatory reforms to attract foreign investment.
63. Public Safety and Security
Increased funding for public safety aims to improve infrastructure and services, with a focus on cybersecurity and data protection.
Public Safety Initiatives:
– Investment in police and emergency services.
– Programs to enhance public safety awareness and training.
Cybersecurity Measures:
– Investment in cybersecurity infrastructure and capabilities.
– Programs to raise awareness and build cybersecurity skills.
64. Export Promotion
Key announcements for promoting exports and enhancing trade competitiveness are included in the budget.
Export Incentives:
– Schemes to support exporters and reduce export costs.
– Market access initiatives and trade agreements.
Trade Infrastructure:
– Development of logistics and trade facilitation infrastructure.
– Support for export-oriented industries and manufacturing clusters.
65. Science and Technology
The budget focuses on fostering innovation and technological advancement across various sectors.
Research and Development:
– Increased funding for scientific research and innovation.
– Support for research institutions and collaborations.
Technology Adoption:
– Programs to promote the adoption of new technologies in industries.
– Initiatives to enhance digital literacy and skills.
66. Governance and Reforms
The budget outlines various governance and administrative reforms to improve efficiency and accountability in public administration.
E-Governance:
– Expansion of digital services and online platforms for public service delivery.
– Use of technology for better governance and citizen engagement.
Administrative Reforms:
– Measures to streamline administrative processes and reduce red tape.
– Initiatives to enhance transparency and accountability in government operations.
67. Cultural and Heritage Preservation
Initiatives for preserving cultural heritage are included in the budget, aiming to promote tourism and national pride.
Cultural Preservation:
– Funding for restoration and conservation of heritage sites.
– Support for cultural festivals and events.
Promotion of Arts:
– Grants and incentives for artists and cultural organizations.
– Development of cultural infrastructure and facilities.
68. International Trade
Key announcements for promoting exports and enhancing trade competitiveness are included in the budget.
Export Incentives:
– Schemes to support exporters and reduce export costs.
– Market access initiatives and trade agreements.
Trade Infrastructure:
– Development of logistics and trade facilitation infrastructure.
– Support for export-oriented industries and manufacturing clusters.
69. Skill Development
Programs for skill development and vocational training are expanded to improve employability and workforce readiness.
Skill Development Programs:
– Partnerships with industry for job-oriented training.
– Initiatives to upskill and reskill the workforce.
Vocational Training:
– Expansion of vocational training centers and courses.
– Support for apprenticeships and on-the-job training.
70. Infrastructure Development
Key projects in transportation and infrastructure are outlined to improve connectivity and logistics.
Transportation Projects:
– Road and highway development, including new expressways and national highways.
– Expansion and modernization of railway infrastructure.
Urban Development:
– Smart city initiatives and urban infrastructure upgrades.
– Affordable housing projects and urban planning reforms.
71. Public Health Initiatives
Increased funding for healthcare aims to improve service delivery and infrastructure, with a focus on public health initiatives and pandemic preparedness.
Healthcare Infrastructure:
– Investment in hospitals, clinics, and medical research facilities.
– Programs to enhance healthcare accessibility and quality.
Public Health Initiatives:
– Vaccination drives, disease control, and health awareness campaigns.
– Strengthening of public health institutions and emergency response systems.
72. Digital Economy
A major push for digital initiatives is outlined in the budget, aiming to advance the nation’s digital infrastructure and services.
Digital Infrastructure:
– Investment in broadband connectivity, data centers, and digital services.
– Support for digital payments and cybersecurity.
Technological Innovation:
– Government’s vision for artificial intelligence, blockchain, and other emerging technologies.
– Initiatives to foster innovation and startup ecosystem.
73. Agricultural Development
The budget highlights expanded subsidies and support for the agricultural sector, aiming to boost rural development and farming productivity.
Agricultural Subsidies:
– Increased funding for crop insurance, fertilizers, and irrigation.
– Support for sustainable agricultural practices and technology adoption.
Rural Development:
– Initiatives to improve rural infrastructure, including roads, water supply, and sanitation.
– Focus on enhancing rural livelihoods and employment opportunities.
74. Energy and Sustainability
Ambitious targets for renewable energy adoption are set, with a focus on reducing the nation’s carbon footprint and promoting sustainability.
Renewable Energy Projects:
– Solar, wind, and hydroelectric power projects.
– Incentives for energy-efficient technologies and practices.
Sustainability Initiatives
:
– Programs to promote sustainable agriculture and waste management.
– Conservation of natural resources and biodiversity.
75. Financial Sector Stability
Reforms in the financial sector aim to enhance stability and efficiency, with a focus on financial inclusion and innovation.
Banking Sector Reforms:
– Measures to strengthen banking sector health and reduce NPAs.
– Promotion of digital banking and financial literacy.
Capital Markets:
– Initiatives to deepen capital markets and enhance investor protection.
– Regulatory reforms to attract foreign investment.
76. Public Safety and Security
Increased funding for public safety aims to improve infrastructure and services, with a focus on cybersecurity and data protection.
Public Safety Initiatives:
– Investment in police and emergency services.
– Programs to enhance public safety awareness and training.
Cybersecurity Measures:
– Investment in cybersecurity infrastructure and capabilities.
– Programs to raise awareness and build cybersecurity skills.
77. Export Promotion
Key announcements for promoting exports and enhancing trade competitiveness are included in the budget.
Export Incentives:
– Schemes to support exporters and reduce export costs.
– Market access initiatives and trade agreements.
Trade Infrastructure:
– Development of logistics and trade facilitation infrastructure.
– Support for export-oriented industries and manufacturing clusters.
78. Science and Technology
The budget focuses on fostering innovation and technological advancement across various sectors.
Research and Development:
– Increased funding for scientific research and innovation.
– Support for research institutions and collaborations.
Technology Adoption:
– Programs to promote the adoption of new technologies in industries.
– Initiatives to enhance digital literacy and skills.
79. Governance and Reforms
The budget outlines various governance and administrative reforms to improve efficiency and accountability in public administration.
E-Governance:
– Expansion of digital services and online platforms for public service delivery.
– Use of technology for better governance and citizen engagement.
Administrative Reforms:
– Measures to streamline administrative processes and reduce red tape.
– Initiatives to enhance transparency and accountability in government operations.
80. Cultural and Heritage Preservation
Initiatives for preserving cultural heritage are included in the budget, aiming to promote tourism and national pride.
Cultural Preservation:
– Funding for restoration and conservation of heritage sites.
– Support for cultural festivals and events.
Promotion of Arts:
– Grants and incentives for artists and cultural organizations.
– Development of cultural infrastructure and facilities.
81. Skill Development
Programs for skill development and vocational training are expanded to improve employability and workforce readiness.
Skill Development Programs:
– Partnerships with industry for job-oriented training.
– Initiatives to upskill and reskill the workforce.
Vocational Training:
– Expansion of vocational training centers and courses.
– Support for apprenticeships and on-the-job training.
82. Infrastructure Development
Key projects in transportation and infrastructure are outlined to improve connectivity and logistics.
Transportation Projects:
– Road and highway development, including new expressways and national highways.
– Expansion and modernization of railway infrastructure.
Urban Development:
– Smart city initiatives and urban infrastructure upgrades.
– Affordable housing projects and urban planning reforms.
83. Public Health Initiatives
Increased funding for healthcare aims to improve service delivery and infrastructure, with a focus on public health initiatives and pandemic preparedness.
Healthcare Infrastructure:
– Investment in hospitals, clinics, and medical research facilities.
– Programs to enhance healthcare accessibility and quality.
Public Health Initiatives:
– Vaccination drives, disease control, and health awareness campaigns.
– Strengthening of public health institutions and emergency response systems.
84. Digital Economy
A major push for digital initiatives is outlined in the budget, aiming to advance the nation’s digital infrastructure and services.
Digital Infrastructure:
– Investment in broadband connectivity, data centers, and digital services.
– Support for digital payments and cybersecurity.
Technological Innovation:
– Government’s vision for artificial intelligence, blockchain, and other emerging technologies.
– Initiatives to foster innovation and startup ecosystem.
85. Agricultural Development
The budget highlights expanded subsidies and support for the agricultural sector, aiming to boost rural development and farming productivity.
Agricultural Subsidies:
– Increased funding for crop insurance, fertilizers, and irrigation.
– Support for sustainable agricultural practices and technology adoption.
Rural Development:
– Initiatives to improve rural infrastructure, including roads, water supply, and sanitation.
– Focus on enhancing rural livelihoods and employment opportunities.
86. Energy and Sustainability
Ambitious targets for renewable energy adoption are set, with a focus on reducing the nation’s carbon footprint and promoting sustainability.
Renewable Energy Projects:
– Solar, wind, and hydroelectric power projects.
– Incentives for energy-efficient technologies and practices.
Sustainability Initiatives:
– Programs to promote sustainable agriculture and waste management.
– Conservation of natural resources and biodiversity.
87. Financial Sector Stability
Reforms in the financial sector aim to enhance stability and efficiency, with a focus on financial inclusion and innovation.
Banking Sector Reforms:
– Measures to strengthen banking sector health and reduce NPAs.
– Promotion of digital banking and financial literacy.
Capital Markets:
– Initiatives to deepen capital markets and enhance investor protection.
– Regulatory reforms to attract foreign investment.
88. Public Safety and Security
Increased funding for public safety aims to improve infrastructure and services, with a focus on cybersecurity and data protection.
Public Safety Initiatives:
– Investment in police and emergency services.
– Programs to enhance public safety awareness and training.
Cybersecurity Measures:
– Investment in cybersecurity infrastructure and capabilities.
– Programs to raise awareness and build cybersecurity skills.
89. Export Promotion
Key announcements for promoting exports and enhancing trade competitiveness are included in the budget.
Export Incentives:
– Schemes to support exporters and reduce export costs.
– Market access initiatives and trade agreements.
Trade Infrastructure:
– Development of logistics and trade facilitation infrastructure.
– Support for export-oriented industries and manufacturing clusters.
90. Science and Technology
The budget focuses on fostering innovation and technological advancement across various sectors.
Research and Development:
– Increased funding for scientific research and innovation.
– Support for research institutions and collaborations.
Technology Adoption:
– Programs to promote the adoption of new technologies in industries.
– Initiatives to enhance digital literacy and skills.
91. Governance and Reforms
The budget outlines various governance and administrative reforms to improve efficiency and accountability in public administration.
E-Governance:
– Expansion of digital services and online platforms for public service delivery.
– Use of technology for better governance and citizen engagement.
Administrative Reforms:
– Measures to streamline administrative processes and reduce red tape.
– Initiatives to enhance transparency and accountability in government operations.
92. Cultural and Heritage Preservation
Initiatives for preserving cultural heritage are included in the budget, aiming to promote tourism and national pride.
Cultural Preservation:
– Funding for restoration and conservation of heritage sites.
– Support for cultural festivals and events.
Promotion of Arts:
– Grants and incentives for artists and cultural organizations.
– Development of cultural infrastructure and facilities.
93. Skill Development
Programs for skill development and vocational training are expanded to improve employability and workforce readiness.
Skill Development Programs:
– Partnerships with industry for job-oriented training.
– Initiatives to upskill and reskill the workforce.
Vocational Training:
– Expansion of vocational training centers and courses.
– Support for apprenticeships and on-the-job training.
94. Infrastructure Development
Key projects in transportation and infrastructure are outlined to improve connectivity and logistics.
Transportation Projects:
– Road and highway development, including new expressways and national highways.
– Expansion and modernization of railway infrastructure.
Urban Development:
– Smart city initiatives and urban infrastructure upgrades.
– Affordable housing projects and urban planning reforms.
95. Public Health Initiatives
Increased funding for healthcare aims to improve service delivery and infrastructure, with a focus on public health initiatives and pandemic preparedness.
Healthcare Infrastructure:
– Investment in hospitals, clinics, and medical research facilities.
– Programs to enhance healthcare accessibility and quality.
Public Health Initiatives:
– Vaccination drives, disease control, and health awareness campaigns.
– Strengthening of public health institutions and emergency response systems.
96. Digital Economy
A major push for digital initiatives is outlined in the budget, aiming to advance the nation’s digital infrastructure and services.
Digital Infrastructure:
– Investment in broadband connectivity, data centers, and digital services.
– Support for digital payments and cybersecurity.
Technological Innovation:
– Government’s vision for artificial intelligence, blockchain, and other emerging technologies.
– Initiatives to foster innovation and startup ecosystem.
97. Agricultural Development
The budget highlights expanded subsidies and support for the agricultural sector, aiming to boost rural development and farming productivity.
Agricultural Subsidies:
– Increased funding for crop insurance, fertilizers, and irrigation.
– Support for sustainable agricultural practices and technology adoption.
Rural Development:
– Initiatives to improve rural infrastructure, including roads, water supply, and sanitation.
– Focus on enhancing rural livelihoods and employment opportunities.
98. Energy and Sustainability
Ambitious targets for renewable energy adoption are set, with a focus on reducing the nation’s carbon footprint and promoting sustainability.
Renewable Energy Projects:
– Solar, wind, and hydroelectric power projects.
– Incentives for energy-efficient technologies and practices.
Sustainability Initiatives:
– Programs to promote sustainable agriculture and waste management.
– Conservation of natural resources and biodiversity.
99. Financial Sector Stability
Reforms in the financial sector aim to enhance stability and efficiency, with a focus on financial inclusion and innovation.
Banking Sector Reforms:
– Measures to strengthen banking sector health and reduce NPAs.
– Promotion of digital banking and financial literacy.
Capital Markets:
– Initiatives to deepen capital markets and enhance investor protection.
– Regulatory reforms to attract foreign investment.
100. Public Safety and Security
Increased funding for public safety aims to improve infrastructure and services, with a focus on cybersecurity and data protection
Public Safety Initiatives:
– Investment in police and emergency services.
– Programs to enhance public safety awareness and training.
Cybersecurity Measures:
– Investment in cybersecurity infrastructure and capabilities.
– Programs to raise awareness and build cybersecurity skills.