Budget 2024: Economists Jean Trace and Harishwar Dayal make a big statement on the budget, praising efforts to create employment and condemning it.

Budget 2024: Finance Minister Nirmala Sitharaman presented the country's budget. This time the theme of the budget is employment, skills, MSME and middle class. Harishwar Dayal, Chief Economist of Jharkhand State, speaking about this budget, said that while presenting the budget, as the finance minister said that the budget is for farmers, women, youth and the poor, the budget announcements have been focusing on this section. In the budget for the year 2024-25, the government has made an effort to bring about development in the areas where development is needed. Government's focus on skill development: Harishwar Dayal said that this time the government has focused more on employment and has allocated funds for employment generation initiatives. For young people to be employable, it is very important that they are well educated and have the skills they need for work. The government is making meaningful efforts for this. The government has announced a new centrally funded scheme to empower 20 lakh youth over the next five years, with an allocation of Rs 2 lakh crore for employment generation schemes. Mudra Loan Limit Raised from Rs.10 Lakhs to Rs.20 Lakhs Mudra Loan Limit Raised from Rs.10 Lakhs to Rs. Apart from this, a paid internship program will also be encouraged. Apart from this, the government has given a concession of three percent on education loan for education. This is very comforting message and important for the youth. Zero Duty on Cancer Drugs: The government has announced a new tax slab to provide relief to the middle class. Exempt from corporate tax. Concession is given on customs duty. Abolition of customs duty on cancer drugs is also a good initiative, which will also provide relief to the middle class. The government has made efforts to reduce the fiscal deficit and simplification of tax rules is the best initiative in this direction. Also Read :Budget 2024: Shock or gain for salaried employees? In the new tax system, Rs. 5% tax on income above 3 lakhs, Bihar government has announced introduction of tribal village scheme for tribals. Under this scheme, 63 thousand tribal dominated villages will be provided facilities. The central government has also launched the Poorvodaya scheme in the budget, under which there will be development in north-eastern states like Bihar, Jharkhand, Bengal, where development is needed. Even the most backward state of the country like Bihar, the government has issued many notifications. The government has announced a huge package for infrastructure development, construction of highways and tourism, which is commendable. Commenting on the budget, he replied that it is the government's fault that there is no provision for children in the budget, and I appreciate the efforts made for employment in this budget. But the reserved people do not see anything in this budget. Even the poor have nothing in the budget. Jean Trace said the biggest flaw in this budget was that the Finance Minister did not mention anything about children in his speech. I think it is a big mistake of the government not to make any provision for children in the budget. In an effort to increase the participation of women workers in the workplace, the government has allocated a fund of 3 lakh crore rupees in the budget to empower women. The government's initiative is to increase the participation of women workers in the workplace. For this, the government has talked about opening hostels for working women and nurseries for their children. Besides, to increase the contribution of women, areas where women contribute more are also identified, which is a matter of development of a particular class. Also Read: Budget 2024: Budget focused on employment, Bihar and the middle class, know the highlights First at Prabhat Kabar.