Unlike the previous regimes, the present dispensation led by Prime Minister Narendra Modi in centre believes in ‘Sab Ka Saath, Sab Ka Vikas’, which is quite visible in the ninth Union Budget, presented by the Finance Minister Nirmala Sitharaman Ji a few days ago and has been hailed by every section of the society.
The Union Budget for 2023-24 has something for everyone. Be it tax reduction, benefits for industrialists, farmers, common masses or others, every section of the society has been included in the Budget, which points towards the seriousness of the Bharatiya Janata Party (BJP) government in centre about the growth of every single sector.
Much to the delight of the common masses, the government has brought smiles on the faces of every citizen by increasing the tax rebate from Rs three lakhs to Rs seven lakhs and also reducing the rate of taxes for all other slabs. Such measures will not only help in saving the money of a huge number of taxpayers, but also will in result increase the Goods and Services Tax (GST) collection for the exchequer.
Even the experts are amazed to see the Union Budget for 2023-24 as the government has brought a relief to everyone, especially the deprived section of the society.
The government has made it clear once that it is serious about giving a further boost to the tourism sector across the country and thus have come up with special schemes to promote tourism in every state and UT of Jammu & Kashmir have been proposed. Fifty new airports and helipads to target new tourism destinations is something that is set to boost the tourism sector further and simultaneously ensure the growth of the nation as well.
At the same time, the government’s budget announcement regarding 33 per cent increase in capital outlay with an effective provision of Rs 13.7 lakh crore will spur growth in the economy, resulting in a positive impact on the domestic automobile industry.
This way, the government has conveyed a message to the world that the country has moved forward with its mission of ‘Atmanirbhar Bharat’ by taking every possible step to flourish the domestic items, industries and goods.
Furthermore, the additional corpus of Rs 9,000 crore announced for Micro, Small & Medium Enterprises (MSME) credit guarantee is also a joyous moment and is being seen as a major relief for the industrialists as it will increase the pace to reach the beneficiary.
(Author is Media and IT Head BJP J&K. E-mail [email protected])
