In defense of the Union Budget for the fiscal year 2024-25, Union finance minister Nirmala Sitharaman emphasized its role in maintaining a delicate equilibrium encompassing growth, employment, capital investment, and fiscal stability, among other key factors. Addressing the deliberations on the Union Budget in the Rajya Sabha, Sitharaman highlighted its comprehensive approach towards all economic sectors, fostering job creation, and bolstering cooperative federalism.
Sitharaman critiqued the Opposition, particularly the Congress, for raising concerns regarding Budget allocations, insufficient funds for Jammu and Kashmir, agricultural and related domains, and rising inflation. Responding to these issues, Sitharaman reiterated that the Budget has diligently accounted for all economic sectors and ensured adequate funding allocation for each state.
Emphasizing the Budget’s alignment with diverse growth dimensions, Sitharaman asserted unwavering support for cooperative federalism. She noted the improved financial status of the Union territory of Jammu and Kashmir, highlighting the successful turnaround and profitability of the J&K Bank. Sitharaman underscored the government’s steadfast dedication to cooperative federalism, disclosing a proposed transfer of 22.91-lakh crores to states in 2024-25, reflecting a 2.49-lakh crores increase from the previous fiscal year.
Leave a comment