Agriculture Focus: Prime Minister Krishi Yojana

Target: 100 districts with:

• Low productivity
• Moderate crop intensity
• Below-average credit parameters

Expected Benefit: 1.7 crore farmers
6-Year Mission: Achieving self-reliance in pulses (focus on tur and masoor)
Procurement: Central agencies (NAFED, NCCF) to procure from registered farmers
Duration: 4 years
Benefits: Support and guaranteed procurement for farmers

Makhana Booster in Bihar

• Kisan Credit Cards (KCC): Continue providing short-term loans for 7.7 crore farmers, fishermen, and dairy farmers
• Loan Limit Increase: Raised from ₹3,000 to ₹5,000 under modified interest subvention scheme

MSMEs Focus

• Target: 5.7 crore MSMEs, 1 crore registered businesses
• Employment & Contribution:
  • Employ 7.5 crore people
  • Contribute 36% to manufacturing
  • Responsible for 45% of exports
• Government Support:
  • Enhance investment limits by 2.5x
  • Increase turnover limits by 2x
• Expected Outcome: Empower MSMEs to scale up, innovate, and create more jobs

Footwear and Leather Sector

• New policy to boost: Productivity, quality, and competitiveness
• Focused Products Scheme:
  • Support design capacity
  • Component manufacturing
  • Machinery for non-leather and leather footwear
• Expected Outcomes:
  • Create 22 lakh jobs
  • Generate ₹400 crore revenue
  • Achieve exports of ₹1.1 lakh crore

Toy Sector

• New scheme to establish India as a global hub
• Focus Areas:
  • Developing clusters
  • Enhancing skills
  • Building a robust manufacturing ecosystem for high-quality, innovative, and sustainable toys

Expanding Medical Education

• Increase in medical seats (last 10 years): 1.1 lakh (130% increase)
• Upcoming Additions:
  • 10,000 seats in medical colleges and hospitals (next year)
  • 75,000 seats over the next five years

Daycare Cancer Centres

• To be established in all district hospitals over the next three years
• FY 2025-26: 200 centres to be set up

Sashakt Anganwadi and Poshan 2.0 Programs

• Nutritional support for:
  • Over 8 crore children
  • Pregnant women and lactating mothers
  • Around 20 lakh adolescent girls in aspirational districts and the Northeast

Urban Challenge Fund

• Allocation: ₹1 lakh crore to transform cities into growth hubs
• Support:
  • Creative redevelopment
  • Enhanced water and sanitation infrastructure
• Funding Structure:
  • Covers up to 25% of bankable projects
  • At least 50% funding from bonds, loans, or PPPs
• Initial Allocation (FY 2025-26): ₹10,000 crore

Power Sector Reforms

• Strengthen electricity distribution and transmission
• State Incentives:
  • Reforms in electricity distribution and intrastate transmission capacity
  • Additional borrowing allowance of 0.5% of GSDP for states based on reform progress

Nuclear Energy Mission

• Goal: Develop 100 GW of nuclear power by 2047
• Private Sector Participation:
  • Amendments to Atomic Energy Act and Civil Liability for Nuclear Damage Act
• Research & Development for SMRs:
  • ₹20,000 crore outlay
  • At least five indigenously developed SMRs operational by 2033

A New UDAAN for Aspirational Indians

• Modified UDAAN Scheme to be launched
• Key Additions:
  • 120 new destinations
  • 4 crore additional passengers

Insurance Sector Reforms

• Increased FDI limit: 100% from 74%

Fiscal Deficit Goals

• FY 2024-25: 4.8% of GDP
• FY 2025-26: 4.4% of GDP
• Roadmap: Outlined in the FRBM statement for the next six years

Financial Estimates for 2024-25

• Total Receipts (excluding borrowings): ₹31.47 lakh crore
• Net Tax Receipts: ₹25.57 lakh crore
• Total Expenditure: ₹47.16 lakh crore (₹10.1 lakh crore capital expenditure)

Patient Assistance Programs

• Exempt from Basic Customs Duty (BCD) if medicines are supplied free of cost
• New Inclusions: 37 medicines and 13 patient assistance programs added to the exemption list

Tax Reforms

• Income Tax Exemption:
  • No income tax payable up to ₹12 lakh (excluding capital gains)
• Revised Tax Slabs (New Tax Regime):
  • ₹0-4 lakh - Nil
  • ₹4-8 lakh - 5%
  • ₹8-12 lakh - 12%
  • ₹12-16 lakh - 15%
  • ₹16-20 lakh - 20%
  • ₹20-24 lakh - 25%
  • Above ₹24 lakh - 30%

Big TDS Announcements

• TDS Rationalization:
  • Reducing number of rates and thresholds for better clarity
  • Doubling limit for tax deduction on interest for senior citizens (₹50,000 → ₹1,00,000)
  • Raising TDS limit on rent from ₹2.4 lakh to ₹6 lakh (benefiting small taxpayers)
  • Increasing TCS threshold on remittances under RBI's LRS from ₹7 lakh to ₹10 lakh

Updated ITR Facility

• Time limit for updated returns extended: From 2 years to 4 years

Infrastructure & Capex Support

• ₹1.5 lakh crore for 50-year interest-free loans to states

More links:

BUDGET AT A GLANCE https://www.indiabudget.gov.in/doc/Budget_at_Glance/budget_at_a_glance.pdf

Deficit Statistics https://www.indiabudget.gov.in/doc/Budget_at_Glance/bag2.pdf

Receipts https://www.indiabudget.gov.in/doc/Budget_at_Glance/bag5.pdf

Expenditure https://www.indiabudget.gov.in/doc/Budget_at_Glance/bag6.pdf

For more https://www.indiabudget.gov.in/

With all the news of the tariffs I’m actually quite surprised that there’s no grown ups that temper Trump from his worst ideas but guess it makes sense when you look at his nominations and cabinet yet surely there’s a few capable and competent advisors who can minimise the worst of Trump?

Scott Bessent comes to mind as someone who’s experienced with a good grasp of state finances and the markets. Marco Rubio is pretty much your standard republican which is definitely relatively good. In a weird way, I thought Elon and these right wing tech bros would naturally oppose destructive policies that hurt American companies like tariffs and immigration crackdowns but they’ll seemingly go along with anything I guess.

So are there really no redeeming qualities/ appointments of this administration other than a handful of exceptions among sexual harassers, oligarchs, drunks, anti-woke idiots, Russian assets, crazy people, etc…. ?

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Imagine A truck of tequila is crossing the border Sunday and delivering cases to its warehouse Monday or Wednesday in Atlanta or Friday in Iowa

It’ll be at a warehouse a week? 2 weeks?

Then it will be at the liquor store but it’s not the next bottle up

Stated reason for the ban was "ban evasion" (I've never been banned from that sub or any other). Lmk if it breaks this sub's rules to post in this format, I can repost the meme alone. To be clear I don't support anyone going over to that sub. I'm just mad that a bunch of MAGA LARPers control one of the largest libertarian forums on the internet.