📈Increased focus on capital expenditure and infrastructure projects
🌾Initiatives for agriculture sector, Atmanirbhar Oil Seeds Abhiyaan, and Nano-DAP
🏥Focus on healthcare sector, expansion of Ayushman Bharat scheme, and cervical cancer vaccine
💰Targets for reducing fiscal deficit and borrowing, aiming for a $7 trillion economy by 2030 and a developed nation by 2047
❌Previous promises, like the $5 trillion economy by 2024, have not been achieved
What is the Union Budget?
—The Union Budget is an annual financial statement presented by the Finance Minister to announce the government's revenue and expenditure for the upcoming financial year.
What is capital expenditure?
—Capital expenditure refers to the government's spending on long-term assets like infrastructure projects, such as roads, railways, and ports.
What is the Atmanirbhar Oil Seeds Abhiyaan?
—The Atmanirbhar Oil Seeds Abhiyaan is an initiative to reduce India's dependence on oil seed imports by promoting the cultivation of mustard, groundnut, soybean, and sunflower within the country.
What is Nano-DAP?
—Nano-DAP is an eco-friendly fertilizer with 8% nitrogen and 16% phosphorus, specifically designed for green farming and sustainable agriculture.
What is the Fiscal Deficit?
—The Fiscal Deficit is the difference between the government's revenue and expenditure. It indicates how much more the government is spending compared to its earnings.
00:00Introduction to the highlights of the Union Budget 2024
01:18Increased focus on capital expenditure and infrastructure projects
04:18Initiatives for the agriculture sector, Atmanirbhar Oil Seeds Abhiyaan, and Nano-DAP
04:48Focus on the healthcare sector, expansion of Ayushman Bharat scheme, and cervical cancer vaccine
09:46Targets for reducing fiscal deficit and borrowing, aiming for a $7 trillion economy by 2030 and a developed nation by 2047
13:48Previous promises, like the $5 trillion economy by 2024, have not been achieved
