Uttar Pradesh chief minister Yogi Adityanath has hailed Union Budget 2023-24 as a ‘welfare budget’ and one which will catalyze India as a global economic superpower.
In his message, Yogi waxed eloquent on Prime Minister Narendra Modi and the Finance Minister Nirmala Sitharaman for presenting the Budget.
Through a tweet, the CM said the Union Budget 2023-24 would pave the way for the prosperity of every section of society and lead the country to become an economic superpower.
He opined the Budget will help meet the aspirations and expectations of an overall uplift of the nation encompassing the villages, poor, farmers, youth and women.
“The Budget will undoubtedly prove to be a milestone in the direction of making India an economic superpower,” Yogi.
The Budget has the resolution of the prosperity of ‘New India’, the vision of Antyodaya and the aim of serving 1.3 billion countrymen, he said, adding: “I welcome the all-inclusive and public-welfare oriented Union Budget for fulfilling the resolution of ‘Developed India’ presented during the Amrit Mahotsava of independence of India.
In her Budget speech delivered in Parliament, Sitharaman said total receipts other than borrowings and the total expenditure were estimated at Rs 27.2 trillion and Rs 45 trillion respectively. The net tax receipts are estimated at Rs 23.3 trillion.
While allocating funds to different sectors of economy, the Budget also proposes to recast the personal income tax (IT) slabs to make the template more citizen friendly and less cumbersome.
The startups will be promoted in agriculture with an Agriculture Fund. More than 10 million farmers will be encouraged to adopt natural farming and for this, 10,000 Bio Input Resource Centres will be set up.
India will be positioned as the global hub for millets and a corpus of Rs 2,200 crore created. The agriculture credit target will be increased to Rs 20 trillion with a focus on animal husbandry, dairy and fisheries.