Union Budget 2024-25: Key Focus Areas Unveiled
Infrastructure Development to Take Center Stage
The upcoming Union Budget for the fiscal year 2024-25 promises to prioritize infrastructure development, with a significant increase in capital expenditure outlay. This budget, to be presented by Finance Minister Nirmala Sitharaman, will focus on enhancing physical, digital, and social infrastructure.
40,000 Normal Rail Bogies to Transform
One notable initiative announced in the lead-up to the budget is the ambitious plan to convert 40,000 normal rail bogies into high-capacity bogies. This move is expected to improve the efficiency and capacity of India's rail network.
DPI and Formalization Promotion
The budget will also aim to promote the formalization of the economy and enhance financial inclusion. The Digital Public Infrastructure (DPI) will play a crucial role in these efforts, facilitating access to various digital services.
Budget Presentation Anticipated
Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget 2024 for fiscal year 2024-25 to the Lok Sabha on July 23, 2024. The budget will outline the government's financial plans and policies for the upcoming fiscal year, and is highly anticipated amidst ongoing global uncertainties.
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