New Delhi, Feb 1: Union Home Minister Amit Shah praised the Interim Budget 2024–25 profusely on Thursday, stating that it lays out a plan for realising Prime Minister Modi‘s goal of a developed India by 2047. Shah expressed his appreciation to Finance Minister Nirmala Sitharaman in a post on X. The Union Budget lays out the steps needed to realise Prime Minister Modi’s goal of having a developed India by 2047. The budget address highlights the steps the Modi administration has taken in the past ten years to position India as the world’s leading economy in all fields during the Amrit Kaal. “The magnificent edifice of a Viksit Bharat is being built on the very foundation of these feats,” he declared. He went on, “My sincere gratitude to FM Nirmala Sitharaman for the insightful budget speech and to Modi Ji for leading the country through this journey of excellence.” In the meantime, today in Parliament, Union Finance Minister Nirmala Sitharaman unveiled the interim budget. She did, however, say that the entire budget will be presented in July. “Our Government will present a detailed roadmap for our pursuit of Viksit Bharat in the full budget in July,” the statement read. Nirmala Sitharaman made a historic announcement during the Interim Budget 2024–25 presentation, outlining the government’s bold proposal to establish a corpus of Rupees One Lakh Crore to encourage private investment in emerging technologies.The Finance Minister said that this corpus will usher in a “golden era for our tech-savvy youth.”A fifty-year interest-free loan will be used to construct the corpus, giving growing technological industries a significant financial boost to support research and innovation. Sitharaman stressed that the private sector will be greatly encouraged to dramatically upscale their efforts in research and innovation throughout various domains by long-term financing or refinancing with prolonged tenors and low or no interest rates.
