The government of India announced a major policy update for one of the prime industries of India, the textile industry. This scheme, referred to as the PM MITRA Scheme aims to foster technological innovation, reduce cost enhance skills in the sector, make India’s textile sector globally competitive, and increase its contribution to the global trade from the present 4% rate.
The IMPRI Center for the Study of Finance and Economics (CSFE), IMPRI Impact and Policy Research Institute, New Delhi, hosted an interactive panel discussion on the topic “Gender, Social Inclusion and Interim Union Budget 2024-25” on 2 February 2024, under the IMPRI 4th Annual Series of Thematic Deliberations and Analysis of Union Budget 2024-25, as part of IMPRI #WebPolicyTalk.
The finance minister delivered a rousing speech trying to match the prime minister’s address at the consecration of Ram Mandir in Ayodhya on January 22.
The Interim Budget shows this government lays more emphasis on showering schemes on people.
The Interim Budget has served as a platform to highlight the outgoing government's achievements and present a glorious vision for its next term. Nirmala Sitharaman did not disappoint on either count.
This year's budget was an election speech by the Finance Minister, praising her government, having done marvelous achievements in various walks of life by unabashedly using unsubstantiated data and falsehoods.