During her response to the upper house of parliament, Finance Minister Nirmala Sitharaman said that the Budget is looking towards maintaining sustainable economic growth in medium term.
Finance Minister Nirmala Sitharaman on Friday replied to Budget discussions in Rajya Sabha and said that the Union Budget 2021-22 speaks for itself and is the instrument through which Aatmanirbhar Bharat is to be attained.
During her response to the upper house of parliament, Sitharaman said that the Budget is looking towards maintaining sustainable economic growth in medium term. She said that post pandemic economies have suffered all across the world and Budget 2021 was an attempt to provide a “strong stimulus” to deal with this situation.
In doing so, the minister added, not only quick short term solutions were created, “we also looked at medium, long term and sustainable growth that will help us remain one of the fastest growing economies.”
The stimulus provision in the Budget is for economic revival and reforms taken during the pandemic to revive growth, she said. Sitharaman added that the Budget 2021 has been carefully thought after listening to views, suggestions and opinions from experts and economists around the country and the world.
“Over two thirds of this population are youth looking for opportunities,” Sitharaman highlighted and added that “The Budget was aimed at not only giving relief packages but creating opportunities for employment.”
She also hit back at the opposition and claimed that a false narrative was being created by opposition that the government is working for cronies and added that Budget 2021 provisions for poor, dalits and tribals.
“Over 1.67 crore houses completed under PM Awas Yojana. Over 2.67 crore households have electrified under PM Saubhagya Yojana since October,” Sitharaman said while highlighting the false narrative by the opposition.
Speaking about MNERGA, the finance minister said that Prime Minister Narendra Modi is responsible for removing all ills from MNERGA, and it was under the BJP that the scheme was effectively utilised. “We have overseen the highest ever utilisation at Rs 90.469 crore of the rural employment scheme,” she added.
–with PTI inputs
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