We have shown both vision & action: PM
Asserting that the Union Budget will accelerate the economic growth, financially empower every citizen and strengthen the foundation of the economy in the new decade, Prime Minister Narendra Modi on Saturday heaped praise on it for having both “vision and action”.
He also said provision of faceless appeal, new and simple structure of direct tax, move towards unified procurement system, stress on disinvestment are some of the steps which will reduce the government out of people's lives and will enhance their “ease of living”.
“I believe that this Budget will increase income and investment, increase demand and consumption, bring new vigour in the financial system and credit flow,” he said. The Budget, Modi noted, will meet the current needs of the country as well as the future expectations in the decade.
“The new reforms announced in the Budget will work to accelerate the economy, financially empower every citizen of the country and strengthen the foundation of the economy in this decade,” Modi said in his comments.
Noting that the main areas of employment are agriculture, infrastructure, textiles and technology, he said the four have been given great emphasis in the Budget to increase employment generation. Referring to the Centre’s efforts to double the income of farmer, he said 16 action points have been created which will serve to increase employment in rural areas.
Integrated approach has been adopted for the agriculture sector in the Budget, which along with traditional methods will increase value addition in horticulture, fisheries, animal husbandry and also increase employment, he said.
“Under the Blue Economy, the youth will also get new opportunities in the field of fish processing and marketing,” Modi noted. According to the World Bank, the blue economy is the sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of ocean ecosystem.
The prime minister said new mission for technical textile has been announced. Manmade fibre has been reformatted into the duty structure of its raw material to be produced in India.