Union Finance Minister Nirmala Sitharaman presented the budget on February 1 as the general elections in India are approaching. Various key features have been released in this budget attack.
Muthuraj, an economics professor from Madurai American College, said that this year’s Indian government’s budget plan for 2024-2025 is very welcome and commendable.
He said that some announcements regarding the development of women and youth in rural and rural areas are to be welcomed. What is more special about this is the announcement of development programs for the advancement of women and skill development efforts for the youth who are unable to progress in education and are unemployed.
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But at the same time, G20 conference objectives, especially how to do skill development for the youth, solving the impacts due to climate change, such problems are not given much attention in this budget, he said.
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In other words, the 17 goals of sustainable development which can be called SDGs of the United Nations are very important. He said that it is their opinion that more importance should be given to women-dependent, green-dependent, youth-dependent, villages-dependent, industries-dependent, and digital-based, which is used more and more today.
Muthuraj said that we thought that the direct and indirect tax would be reduced but it has not been reduced because taxes are not a burden on the rich but they are a burden on the poor. The reason is that people with low income are burdened with paying more tax so they thought that tax will be reduced but they are disappointed in this year’s budget. Muthuraj, a professor of economics at Madurai American College, commented on the mid-term budget attack for this year that it is saddening that there are no announcements of job opportunities globally for the educated and unemployed youth. Overall this budget is very important but it is a bit disappointing that there are no budgets as expected
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- First Published : February 4, 2024, 3:22 pm IST
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