Question #11
One of the intended objectives of Union Budget 2017-18 is to 'transform, energize and clean India'. Analyse the measures proposed in the Budget 2017-18 to achieve the objective.
edited by Neha
The Union Budget 2017-18 aims to transform, energize, and clean India through various measures proposed in different sectors. Let's analyze the key proposals:
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Infrastructure Development: The government plans to invest ₹3.96 lakh crore in the infrastructure sector. This investment aims to transform India's transportation network, renovating railway stations, expanding highways, and improving rural roads, which will effectively transform the overall infrastructure of the country.
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Affordable Housing: The budget proposes to grant infrastructure status to affordable housing projects, which will attract investments into this sector. This move will energize the housing sector by providing cheaper funds, tax benefits, and encourage the construction of affordable homes.
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Renewable Energy: The government aims to achieve 175 GW of clean energy by 2022. The budget has proposed various measures, including ultra-mega solar power projects, solar parks, and solar-powered railway stations, to promote renewable energy. These initiatives will help in clean energy generation, thereby contributing to the objective of a cleaner India.
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Clean Air: To address the issue of air pollution, a special scheme has been proposed to replace coal-based thermal power plants with cleaner energy sources. Additionally, the budget has allocated funds for implementing the Pradhan Mantri Ujjwala Yojana, which aims to provide clean cooking fuel connections to women in rural households, thus contributing to a cleaner environment.
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Digital Economy: The government aims to energize the digital economy through initiatives like promoting cashless transactions, digital payment infrastructure, and tax benefits for startups. These measures will encourage people to adopt digital transactions, leading to a more efficient economy.
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Skill Development: The budget emphasizes skill development to transform India into a globally competitive economy. Measures like establishing skill centers, promoting vocational training, and improving the quality of education aim to energize the workforce and make them employable in various sectors.
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Black Money and Tax Reforms: The budget proposes several measures to tackle black money, such as mandating Aadhaar-based filing of tax returns, limiting cash transactions, and promoting digital transactions. These reforms aim to energize the economy by curbing black money and expanding the tax base.
In conclusion, the Union Budget 2017-18 proposes a range of measures to transform, energize, and clean India. These measures focus on infrastructure development, affordable housing, renewable energy, clean air, digital economy, skill development, and tax reforms. Implementing these proposals can contribute to the desired objective of transforming India into a clean, energized, and developed nation.
edited by Kalpana
Transforming, Energizing, and Cleaning India: A Budgetary Analysis of Union Budget 2017-18
The Union Budget 2017-18, presented by Finance Minister Arun Jaitley, aimed to "transform, energize, and clean India". This vision reflected the government's commitment to fostering economic growth, promoting social welfare, and addressing environmental concerns. Let's examine the proposed measures and their potential impact on achieving these objectives:
Transforming India:
- Infrastructure Development: The budget allocated significant funds for infrastructure development, including roads, railways, airports, and waterways. This aimed to improve connectivity, enhance logistics efficiency, and stimulate economic activity.
- Digitalization: Emphasized promoting digital literacy and financial inclusion through initiatives like the Digital India program and the Pradhan Mantri Jan Dhan Yojana. This aimed to empower citizens and facilitate access to financial services.
- Skill Development: Focus on skill development programs and vocational training to enhance employability and create a skilled workforce. This aimed to address the growing demand for skilled labor in a rapidly evolving economy.
- Housing for All: Allocation of funds for the Pradhan Mantri Awas Yojana (PMAY) aimed to provide affordable housing for the urban and rural poor. This aimed to address the issue of housing shortage and improve living conditions.
Energizing India:
- Focus on MSMEs: The budget provided support for Micro, Small, and Medium Enterprises (MSMEs) through schemes like the Credit Guarantee Fund Scheme and the Startup India initiative. This aimed to boost entrepreneurship, create jobs, and promote innovation.
- Agricultural Reforms: Introduced measures to improve agricultural productivity, including crop insurance schemes and initiatives to promote digital agriculture. This aimed to enhance food security and boost rural incomes.
- Investment in Renewable Energy: Emphasis on promoting renewable energy sources like solar and wind power. This aimed to reduce dependence on fossil fuels and combat climate change.
- Ease of Doing Business: Measures to streamline business regulations and make it easier for businesses to operate in India. This aimed to attract investment and promote economic growth.
Cleaning India:
- Swachh Bharat Mission: Continued allocation of funds for the Swachh Bharat Mission, focusing on sanitation, waste management, and promoting hygiene practices. This aimed to achieve the goal of a cleaner and healthier India.
- Focus on Environment Protection: Measures to promote environmental conservation and sustainable development, including initiatives to protect forests and conserve water resources. This aimed to address the issue of climate change and promote environmental sustainability.
Overall Assessment:
The Union Budget 2017-18 presented a comprehensive approach to achieving the goals of "transforming, energizing, and cleaning India". The proposed measures, while ambitious, faced several challenges, including:
- Implementation: The success of these measures depended heavily on efficient implementation and overcoming bureaucratic hurdles.
- Funding: The budget allocated significant funds, but the question remained whether these funds would be sufficient to meet the ambitious targets.
- Sustainability: The long-term sustainability of these initiatives needed careful consideration, as many were reliant on continuous government support.
Conclusion:
The Union Budget 2017-18 laid out a strong vision for transforming, energizing, and cleaning India. The proposed measures, if effectively implemented and sustained, had the potential to significantly improve the lives of citizens, strengthen the economy, and address pressing environmental challenges. However, the success of this vision ultimately depended on effective execution and a sustained commitment to these objectives.
edited by Rahul
The Union Budget 2017-18, presented by Finance Minister Arun Jaitley, aims to "transform, energize, and clean India" through various measures and initiatives. Here's an analysis of the key proposals to achieve this objective:
Transform:
- Economic Reforms: The budget proposes measures to simplify and rationalize the tax regime, including the reduction of income tax rates for the lowest slab, to promote economic growth and stimulate demand.
- Digital Economy: The government has emphasized the importance of a digital economy, allocating funds for the promotion of digital payments, and introducing measures to regulate and tax digital transactions.
- Infrastructure Development: The budget allocates a significant amount for infrastructure development, including roads, railways, and ports, to improve connectivity and facilitate economic growth.
- Skill Development: The government has proposed initiatives to enhance skill development, including the establishment of a national testing agency and the allocation of funds for skill development programs.
Energize:
- Renewable Energy: The budget proposes measures to promote renewable energy, including the allocation of funds for solar and wind energy projects, and the reduction of duties on equipment and materials used in these projects.
- Power Sector Reforms: The government has proposed reforms to improve the efficiency and effectiveness of the power sector, including the creation of a new entity to manage electricity distribution companies.
- Energy Efficiency: The budget allocates funds for energy efficiency programs, including the promotion of energy-efficient appliances and buildings.
- Rural Electrification: The government has proposed initiatives to accelerate rural electrification, including the allocation of funds for the Deen Dayal Upadhyaya Gram Jyoti Yojana.
Clean:
- Swachh Bharat Abhiyan: The budget allocates funds for the Swachh Bharat Abhiyan, a flagship program aimed at promoting cleanliness and sanitation in urban and rural areas.
- Environmental Protection: The government has proposed measures to protect the environment, including the allocation of funds for pollution-control initiatives and the promotion of eco-friendly practices.
- Waste Management: The budget proposes initiatives to improve waste management, including the allocation of funds for waste-to-energy projects and the promotion of segregation and recycling of waste.
- Water Conservation: The government has emphasized the importance of water conservation, proposing measures to promote efficient use of water resources and prevent water pollution.
Other notable initiatives to achieve the objective of "transforming, energizing, and cleaning India" include:
- The proposal to set up a corpus of Rs. 1 lakh crore for the growth of the Indian Railways.
- The allocation of funds for the development of coastal areas and islands.
- The emphasis on improving the ease of doing business and reducing corruption.
- The proposal to introduce a new law to confiscate the assets of economic offenders who flee the country.
Overall, the Union Budget 2017-18 proposes a range of initiatives to transform, energize, and clean India. While the measures are laudable, their effective implementation will be crucial to achieving the desired outcomes.