Bihar Congress President Akhilesh Prasad Singh Criticizes Union Budget 2024-25
Bihar Congress President and MP Akhilesh Prasad Singh has criticized the Union Budget 2024-25, calling it a ‘Sarkar Bachao Budget’. He claimed that the government has done an injustice to Bihar by not allocating any special package.
Singh stated, ‘We didn’t get the special package. It is an injustice to Bihar. It is done since the Modi government is in power. Bihar is being treated like a sycophant. They haven’t done anything.’
He further mentioned that Bihar is still called a ‘Bimaru State’ despite BJP being in power for the last 10 years. ‘The budget made announcements for the upcoming 10 years so that Nitish Kumar would keep supporting the government,’ Singh added.
Finance Minister Nirmala Sitharaman’s Historic Budget Presentation
Finance Minister Nirmala Sitharaman presented her seventh consecutive Union Budget 2024-25, making history as the first finance minister to do so. Her budget outlined key priorities aimed at fostering economic growth and creating ample opportunities.
Key Priorities and Proposals
The priorities include:
- Productivity and Resilience in Agriculture
- Employment and Skilling
- Inclusive Human Resource Development and Social Justice
- Manufacturing and Services
- Urban Development
- Energy Security
- Infrastructure
- Innovation, Research, and Development
- Next-Generation Reforms
Sitharaman introduced an increased standard deduction and revised tax rates for salaried individuals under the new tax regime. She also proposed significant income-tax reforms aimed at simplifying tax laws, promoting compliance, and fostering economic growth.
Additionally, Sitharaman proposed the creation of employment for about 4.1 crore youth over the next five years, with an allocation of Rs 2 lakh crore. For skilling citizens to generate job opportunities, she proposed Rs 1.48 crore, aiming to skill 20 lakh youth over five years and upgrade 1,000 industrial training institutes.
Doubts Revealed
Bihar Congress President -: The Bihar Congress President is the leader of the Congress party in the state of Bihar. The Congress party is one of the major political parties in India.
Akhilesh Prasad Singh -: Akhilesh Prasad Singh is a politician and the current President of the Congress party in Bihar. He represents the party and speaks on its behalf in the state.
Union Budget -: The Union Budget is a financial plan presented by the government of India every year. It outlines how the government will earn and spend money in the coming year.
2024-25 -: 2024-25 refers to the financial year starting from April 1, 2024, to March 31, 2025. It is the period for which the budget is planned.
Sarkar Bachao Budget -: Sarkar Bachao Budget means a budget aimed at saving the government. It suggests that the budget is more focused on helping the government rather than the people.
Special package -: A special package is extra financial help given to a state or region. It is meant to support development and address specific needs.
Finance Minister -: The Finance Minister is a government official responsible for managing the country’s finances. Nirmala Sitharaman is the current Finance Minister of India.
Nirmala Sitharaman -: Nirmala Sitharaman is an Indian politician and the current Finance Minister of India. She presents the Union Budget every year.
Economic growth -: Economic growth means an increase in the production of goods and services in a country. It is important for improving the standard of living.
Agriculture -: Agriculture is the practice of farming, including growing crops and raising animals. It is a major part of India’s economy.
Employment -: Employment means having a job or work. Creating employment means providing more job opportunities for people.
Skilling -: Skilling means training people to learn new skills or improve existing ones. It helps them get better jobs.
Income-tax reforms -: Income-tax reforms are changes made to the rules about how much tax people have to pay on their income. These changes can make the tax system fairer or simpler.
4.1 crore youth -: 4.1 crore youth means 41 million young people. The budget aims to create jobs for this many young people.
20 lakh youth -: 20 lakh youth means 2 million young people. The budget plans to provide skill training to this many young people over five years.
