Amrit Kaal Ka Budget, Atmanirbhar Bharat Ka Sankalp:  Ashok Koul

BJP holds seminar on Amrit Kaal Ka Budget

JAMMU, February 13″Amrit Kaal Ka Budget, Atmanirbhar Bharat Ka Sankalp. Budget 2023 is an extension of the previous three budgets, has a clear direction towards growth and validates the emerging India story”, said Ashok Koul, General Secretary (Org.), Bharatiya Janata Party (BJP), Jammu & Kashmir.

Ashok Koul, accompanied by Jammu University Prof. Dipankar Sen Gupta and BJP Spokesperson Abhijeet Jasrotia was sharing his views in a seminar organized by department of Publications in collaboration with department of Literature at Shyama Prasad Mookherjee Bhawan, Trikuta Nagar Jammu.

Ashok Koul, in his address shared the key points of the Budget 2023-24 highlighting the highest growth rate India had achieved overall in developing nations. He said that the Budget truly integrated the economy and had the vision to link the major areas of economic activities – on the rural front and the MSME Areas. It addressed issues concerning tribal groups, SCs, STs, Backward classes, and OBCs and in that way was “Amrit Kaal Budget for Atmanirbhar Bharat” economic plan.

Prof Dipankar Sen spoke extensively on the budget thrust and the importance of the primary deficit. He also spoke about growth and stability, Fiscal prudence, and sustainability of debt. He also explained that “all receipts are not revenue” and interest payments are not expenditures. He spoke on the “Amrit Kaal” which refers to the next 25 years up to 2047. He spoke in detail on the benefits of this budget for the common masses and the importance of developing the infrastructure, health, education, and family welfare in India.

He reiterated that contrary to popular belief, the Indian economy is in fact performing fairly well globally as compared to many other developing nations that have moved from resilience to resurgence and Fiscal consolidation to counter-cyclical fiscal policy stressing on IRGD (Interest Rate- Growth Rate Differential). He referred to it as a document that while outlining the government’s revenue and expenditure for the upcoming fiscal year, sets the direction for inclusive economic growth and development through social overhead capital. He concluded that the future would depend on the youth and their ability to make rational decisions.

While speaking Abhijeet Singh Jasrotia, was optimistic about where we can expect India to be in the next 25 years. He delved into the intricacies of foreign investments and the modified personal Income tax regime. He also spoke of the need to increase the women’s participation rate and the vital role women need to play in promoting Indian economic growth and not just attending to domestic issues.

He further said that Government has increased the budget allocation like capital expenditure for rail and road infrastructure for capacity building, digitalization of healthcare and agriculture while reduction in budget allocation to MG-NREGA and subsidies as a balancing act to contain the fiscal deficit. The Budget supports the vision of Atmanirbhar Bharat and Amrit Kaal and is indeed a bold and growth-oriented budget.

Rajneesh Jain, Incharge department of Publications conducted the program proceedings. Pawan Sharma, Incharge department of Literature & Prabhari District Doda presented the vote of thanks. The seminar concluded with the recitation of National Anthem.