Budget 2025: Saksham Anganwadi & POSHAN 2.0 Get Funding Boost

Budget 2025: Increased Allocation for Saksham Anganwadi and POSHAN 2.0

Enhanced Nutritional Support for Children and Mothers

In her Union Budget 2025 presentation, Finance Minister Nirmala Sitharaman announced an increase in budgetary allocation for the Saksham Anganwadi and POSHAN 2.0 scheme. This move underscores the government's commitment to improving nutritional support for children, pregnant women, and lactating mothers across the country.

Key Highlights of the Announcement

• Increased Funding: The budget allocation for the Saksham Anganwadi and POSHAN 2.0 scheme will see a rise, reflecting the government's focus on nutrition.
• Beneficiary Reach: This scheme currently provides nutritional support to more than 8 crore children, 1 crore pregnant women and lactating mothers, and approximately 20 lakh adolescent girls in aspirational districts and the North East region.
• Enhanced Cost Norms: The cost norms for providing nutritional support under the scheme will be appropriately increased.

Budget Allocation Details

Here’s a comparison of the budget allocations for the Saksham Anganwadi and POSHAN 2.0 scheme:

• Revised Estimate (RE) 2024-25: ₹20,070.90 crore
• Budget 2024-25 Allocation: ₹21,200 crore
• Budget 2025-26 Estimate: ₹21,960 crore

The increased estimate for the upcoming fiscal year indicates the government's ongoing investment in this critical program.

About Saksham Anganwadi and POSHAN 2.0

The Saksham Anganwadi and POSHAN 2.0 integrated nutrition support program was approved by the Government of India for implementation during the 15th Finance Commission period (2021-22 to 2025-26). The objectives of the program are:

• Human Capital Development: To contribute to the overall human capital development of the country.
• Addressing Malnutrition: To address and mitigate the challenges of malnutrition among vulnerable populations.
• Nutrition Awareness: To promote nutrition awareness and good eating habits for sustainable health and wellbeing.
• Addressing Deficiencies: To address nutrition-related deficiencies through strategic interventions.

Significance of the Scheme

The POSHAN 2.0 scheme is a vital initiative that aims to improve the nutritional status of women and children. The increased allocation in the Budget 2025 reflects the government's recognition of the importance of this scheme in addressing malnutrition and promoting sustainable health. By enhancing the cost norms, the government aims to ensure that the nutritional support is adequate and effective in reaching the intended beneficiaries.

This program is part of a larger strategy to build a healthier and more productive nation.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

Read More

Budget 2025: UDAN Scheme Extended, 120 New Air Destinations Planned

Union Budget 2025: UDAN Scheme to Add 120 New Destinations

Modified UDAN Scheme Aims to Boost Regional Air Connectivity

The Union Budget 2025 has announced a "modified" UDAN (Ude Desh ka Aam Naagrik) scheme, extending government support for the regional air connectivity initiative for another 10 years. Finance Minister Nirmala Sitharaman stated that this modified scheme will aim to connect 120 new destinations and facilitate travel for 4 crore passengers over the next decade.

UDAN Scheme's Success and Expansion

The UDAN scheme, initially launched in April 2017 for a period of 10 years, has successfully connected 88 airports and operationalized 619 routes. Building on this success, the modified version seeks to further enhance regional connectivity, particularly in Tier 2 and Tier 3 cities. While the budget announcement did not include fresh financial allocations, the scheme will continue to receive support for the next decade.

• New Destinations: The modified UDAN scheme will add 120 new destinations.
• Passenger Target: The scheme aims to carry 4 crore passengers in the next 10 years.
• Focus on Regional Connectivity: The initiative emphasizes improved connectivity to tier 2 and tier 3 cities.
• Support for Hilly and Remote Areas: The scheme will continue to support helipads and smaller airports in hilly, aspirational, and northeastern districts.

Current Status of UDAN Routes

Of the 619 routes operationalized under the initial UDAN scheme, approximately 370 are currently active, while the remaining routes have fallen into disuse. The modified scheme will seek to revitalize these routes while focusing on connecting new destinations.

Financial Aspects of the UDAN Scheme

The UDAN scheme was initially allocated ₹4,500 crore to revive unused and underused airports across the country. An additional ₹1,000 crore was allocated for the period from 2023 to 2026. Airlines participating in the scheme also receive subsidies for offering half of their aircraft seats at a discounted fare of ₹2,500 for one hour of flight. This subsidy is funded by a levy on non-UDAN flights. The levy, which was ₹5,000 at the launch, was raised to ₹6,000 from January 1, 2023, to March 31, 2023, and then to ₹6,500 from April 1, 2023, to April 30, 2027.

Challenges and Potential Improvements

Airlines have been withdrawing from certain RCS routes after the expiration of their subsidy period, indicating a need for policy adjustments. One suggestion from industry experts is to extend the subsidy period beyond three years by offering a reduced subsidy amount. Another suggestion is to prioritize routes that are not well-connected by roads or involve longer travel times, as these routes are more likely to be viable.

Industry Perspective

According to Star Air CEO Simran Singh Tiwana, the scheme should target routes with longer distances or remote locations. He highlighted the example of a flight from Pune to Kishangarh, which greatly reduces travel time for those visiting Ajmer Sharif, compared to a 36-hour train journey.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

Read More

Budget 2025: Top 50 Tourist Spots to be Developed, Boost to Tourism

Budget 2025: Government to Develop Top 50 Tourist Destinations

Tourism to be a Major Focus for Employment-Led Growth

The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, emphasizes tourism as a key driver for employment-led growth. A significant initiative announced is the development of the top 50 tourist destinations in the country through a collaborative effort with state governments.

Key Initiatives to Boost Tourism

The budget outlines several strategies to enhance the tourism sector:

• "Challenge Mode" Development: The top 50 tourist destinations will be developed in partnership with states through a "challenge mode," encouraging healthy competition and innovation.
• Promotion of Homestays: Mudra loans will be extended to support and promote homestays, providing additional accommodation options for tourists.
• Improved Connectivity: Efforts will be made to improve connectivity to tourist spots, making travel more accessible and convenient.
• Harmonized Infrastructure List: Hotels in key destinations will be included in a harmonized infrastructure list, facilitating better access to financing and development support.
• State Government Responsibility: State governments will be responsible for providing land required to build essential infrastructure at tourist sites.

Skill Development and Destination Management

The government plans to facilitate employment-led growth through intensive skill development programs for the youth, especially in the hospitality sector. Additionally, performance-linked incentives will be awarded to states that demonstrate effective destination management, which includes maintaining tourist amenities, cleanliness, and robust marketing efforts.

Measures to Attract International Tourists

To attract more international visitors, the government intends to introduce streamlined e-visa facilities and visa fee waivers for select tourist groups. This move aims to make it easier for international tourists to visit India and experience its diverse cultural and natural attractions.

Focus on Spiritual and Medical Tourism

The budget reaffirms its focus on spiritual and heritage tourism, with special initiatives for sites associated with Gautama Buddha's life. Medical tourism, under the 'Heal in India' initiative, will also receive a significant boost through public-private partnerships, capacity building, and relaxed visa norms. These measures are expected to attract both domestic and international visitors seeking medical treatments in India.

Overall Impact

The government's focus on tourism development is expected to create numerous employment opportunities and boost economic growth. By combining infrastructure development, skill enhancement, and strategic promotion, the Union Budget 2025 aims to position India as a premier tourist destination.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

Read More

Budget 2025: New Income Tax Slabs and Exemptions Explained

Union Budget 2025: Revised Income Tax Slabs Announced

New Tax Structure Revealed by Finance Minister

The Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, brings significant changes to the income tax structure, aiming to provide relief to the middle class. The revised tax slabs were announced on Saturday, February 1, 2025. These changes introduce a new framework for income tax calculation, impacting a wide range of taxpayers.

Detailed Breakdown of the New Tax Slabs

Here’s a closer look at the newly announced income tax slabs:

• No Tax: For annual income up to ₹4 lakh, no income tax will be applicable.
• 5% Tax: A 5% tax rate will be levied on incomes between ₹4 lakh and ₹8 lakh per annum.
• 10% Tax: Incomes ranging from ₹8 lakh to ₹12 lakh will be taxed at a rate of 10%.
• 15% Tax: For income between ₹12 lakh and ₹16 lakh, a 15% tax will apply.
• 20% Tax: Incomes between ₹16 lakh and ₹20 lakh will be taxed at 20%.
• 25% Tax: A 25% tax rate is set for income falling in the range of ₹20 lakh to ₹24 lakh.
• 30% Tax: The highest tax rate of 30% will be applicable for incomes exceeding ₹24 lakh annually.

Tax Exemption Under New Tax Regime

Notably, individuals with an annual income of up to ₹12 lakh will not be subject to income tax under the new tax regime. This exemption increases to ₹12.75 lakh for salaried taxpayers who avail a standard deduction of ₹75,000.

Impact on Taxpayers

These revisions are intended to streamline the tax process and provide financial relief to taxpayers across various income brackets. The implementation of these new slabs will significantly impact the tax liabilities of a considerable portion of the Indian population. It is important for all individuals to understand how the new tax structure applies to their specific income and plan their finances accordingly.

The government's goal is to make the tax system more progressive and transparent, while also encouraging greater compliance.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

Read More

Opposition Slams Budget for Ignoring Economic Issues, Tax Cuts Called Gimmick

Opposition Criticizes Budget for Ignoring Structural Economic Issues

Budget Lacks Solutions for Economic Challenges, Say Opposition Leaders

Opposition parties have voiced their strong disapproval of the Union Budget presented by Finance Minister Nirmala Sitharaman. They argue that the budget fails to tackle the fundamental issues plaguing the Indian economy and appears to be more focused on upcoming state elections rather than addressing the nation's financial needs. According to opposition leaders, the budget lacks measures that would genuinely tackle the structural challenges facing the economy.

Tax Cuts Viewed as Election Gimmick

The announced income tax reductions have been met with skepticism, with several opposition leaders claiming they are merely a tactic to sway voters in the Delhi elections. Concerns have been raised about the ambiguity surrounding the tax cuts, particularly given the finance minister's indication of a new income tax bill slated for the following week. This timing has been criticized as a calculated move to take advantage of the voting schedule.

Specific Criticisms of the Budget

• Misleading Tax Exemptions: One prominent concern is the seemingly contradictory nature of the tax exemptions. While the government claims exemptions up to ₹12 lakh, a 10% tax slab for incomes between ₹8 lakh and ₹10 lakh raises questions about the true benefits.
• Failure to Address Ground Realities: The budget has been criticized for failing to acknowledge the realities on the ground. Promises of world-class infrastructure are seen as unrealistic given the current state of many cities, which are struggling with overcrowding and inadequate infrastructure.
• Regional Disparities: Allegations of regional bias have emerged, with claims that the budget disproportionately favors certain states while neglecting others. The lack of adequate funding and support for certain regions has been heavily criticized.
• Neglecting Key Economic Issues: The budget's failure to address critical economic issues such as rural distress, stagnant agricultural growth, and rising unemployment has been highlighted. The over-reliance on indirect taxes and the static corporate tax contribution of 17% are also a cause of concern for many.
• Insufficient Measures to Boost Purchasing Power: Critics argue that the tax cuts primarily benefit higher-income earners, and the budget fails to address the underlying issues of mass unemployment and reduced wages that are affecting a significant portion of the population.

Concerns About Economic Stability

Opposition parties have also expressed concern over the government’s approach to economic stimulus. They argue that by focusing tax cuts on a small percentage of higher-income individuals, the budget does not effectively address the fundamental causes of the shrinking purchasing power among the broader population.

Conclusion

The opposition has collectively labeled the Union Budget as inadequate and lacking in measures necessary to address critical issues facing the Indian economy. They have raised concerns that the budget is more election-focused and fails to present long-term solutions for the country's financial health. The lack of focus on structural challenges, rural distress, and equitable economic growth remains a significant point of contention.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

Read More