This year of budget 2014-15 is very perfectly made for the people .Budget is manage very systematically. In this year the budget is made by finance minister Arun Jaitley. The last year the budget is not managed properly, thus there was many problem came as the budget was rich oriented people, but this year it is focus on middleman people.
On 8 July 2014, India has planned a best budget for 5 year. The first plan was paperless office for 5 year and railway budget for 2014-15. In this days the budget subsidies is almost 13% higher then last year.
8 July 2014 the Arun Jaitley for the budget 2014-15 of the national capital territory of Delhi for PDF file . Budget news reports with complete budget presented to union. Arun Jaitley made a fixed percentage 7-8% for GDP. Economists & analysis suggest measures which, they fell will help India to achieve its target in the long run.
Infrastructure push in that budgetary allocation was announced. Multiple schemes & steps must needed to push the infrastructure sector of the economy, focus on infrastructure part of the previous government plan too, but what is different with the new government is the approach implemented. There is the sense of direction on how growth should be taken forward. In this context the announcement of infrastructure trusts is a key. This is required to provide the necessary impacts to take infrastructure growth forward. This will help raise financing for infrastructure projects.
Next plan was , the prime minister has stressed more on the need to promote a conductive & lucrative business environment in the economy . Jaitley budget also focus on attracting investment inflow in key sectors. He announced most of measures to encourage entrepreneurship , including Rs10000 core fund to back early stage companies.
The Jaitley said that looking to have the demographic dividend, the government will work on skill development of youth. The government announced the launch of a national multi-skill program called skill India. It is important to educated & impart skill to the youth of the nation.
The formation of business friendly government & appropriative budget have made India the most bureaucracy country economically. An illiterate population cannot add to the economic GDP effectively. The study further states that India’s economic confidence has got a major boost primarily to a landslide victory of the business friendly government led by Narendra Modi.
As the budget 2014-15 will bring a change to a nation.
AUTHOR : Komal Mahedkar
PUBLISHED BY : ASWIN KUMAR