Uttar Pradesh Finance Minister Suresh Kumar Khanna Talks About Union Budget 2024
Lucknow (Uttar Pradesh) [India], July 23: Ahead of the presentation of the Union Budget 2024, Uttar Pradesh Finance Minister Suresh Kumar Khanna stated that it will prove to be a milestone in the journey towards a Viksit Bharat. “We expect that this budget will be a milestone in the journey towards a Viksit Bharat,” Khanna said on Tuesday.
Discussing the positive outcomes of the Indian economy, Khanna added, “The economic survey presented yesterday made it clear that our growth rate has increased to 8.2%, up from 6.5% earlier. The employment rate has decreased, and all our economic activities have strengthened.”
Meanwhile, copies of the Union Budget 2024 were brought to Parliament ahead of the presentation of the first budget of the Narendra Modi government in its third term. The Union Cabinet, headed by Prime Minister Narendra Modi, met in Parliament on Tuesday to approve the Union Budget ahead of its presentation by Finance Minister Nirmala Sitharaman. Prime Minister Narendra Modi arrived in Parliament this morning to attend the cabinet meeting.
On Monday, the Prime Minister said the Economic Survey highlighted the prevailing strengths of the economy and identified areas for further growth and progress as the government “moves towards building a Viksit Bharat.” Union Ministers Amit Shah, Rajnath Singh, and Pralhad Joshi were also seen arriving in Parliament earlier for the Cabinet meeting today.
At 11 am, Finance Minister Nirmala Sitharaman will present the Union Budget 2024-25. Earlier today, Sitharaman met with President Droupadi Murmu before leaving for Parliament. This will mark Sitharaman’s seventh consecutive budget, surpassing the late Morarji Desai’s record of six consecutive budgets. It is likely to focus on changes in the income tax structure and improving the ease of doing business in India.
Addressing the media, Minister of State (MoS) for Finance, Pankaj Chaudhary, said that the first Union Budget of the third Modi government will be based on the mantra “Sabka Saath, Sabka Vikas.” Union Minister Pralhad Joshi said that this budget would accelerate the country’s economic growth. “The economic growth that happened under the leadership of Prime Minister Narendra Modi will be further accelerated by this budget. The budget presented today by Nirmala ji will also help our country, which is the fastest-growing economy,” Joshi said, speaking to the media on the Parliament premises on Tuesday.
The budget session of Parliament began on July 22 and is scheduled to end on August 12.
Doubts Revealed
Uttar Pradesh -: Uttar Pradesh is a state in northern India. It is the most populous state in the country.
Finance Minister -: A Finance Minister is a government official who is responsible for managing the financial affairs of a state or country.
Suresh Kumar Khanna -: Suresh Kumar Khanna is the Finance Minister of Uttar Pradesh. He helps manage the state’s money and budget.
Union Budget -: The Union Budget is the annual financial statement presented by the government of India. It shows how the government plans to spend and earn money in the coming year.
2024 -: 2024 is the year for which the Union Budget is being discussed. It is in the future from now.
milestone -: A milestone is an important event or point in time. It shows progress towards a goal.
developed India -: A developed India means a country that is advanced in terms of economy, infrastructure, and living standards.
economic growth rate -: Economic growth rate is the percentage increase in the value of all goods and services produced in a country. It shows how fast the economy is growing.
8.2% -: 8.2% is a number that shows how much the economy has grown. It means the economy has grown by 8.2% compared to before.
unemployment -: Unemployment means the number of people who do not have jobs. A decrease in unemployment means more people are getting jobs.
Nirmala Sitharaman -: Nirmala Sitharaman is the Finance Minister of India. She is responsible for presenting the Union Budget.
income tax changes -: Income tax changes mean adjustments in the amount of money people have to pay to the government from their earnings.
ease of doing business -: Ease of doing business means how simple and friendly it is for people to start and run businesses in a country.
Prime Minister Narendra Modi -: Prime Minister Narendra Modi is the head of the government of India. He leads the country and makes important decisions.
cabinet meeting -: A cabinet meeting is a gathering of top government officials to discuss and make decisions on important issues.
approve the budget -: Approve the budget means to agree on the financial plan for the country. It is like saying ‘yes’ to the plan.
