 is being redefined with reshoring and French shoring disruption and fragmentation of supply chains and competition for critical minerals and technologies. A new world order is emerging after the COVID pandemic. India assumed the G20 presidency during very difficult times for the world. The global economy was going through high inflation, high interest rates, low growth, very high public debt, low trade growth, and climate changes. The pandemic has led to a crisis of food, fertilizer, fuel, and finances for the world, while India successfully navigated its way. The Prime Minister, the Corridor, and I quote, will become the basis of world trade for hundreds of years to come and history will remember that this corridor was initiated on Indian soil. Unquote. Vision for Vickersit Bharat. Our vision for Vickersit Bharat is that of prosperous Bharat in harmony with nature, with modern infrastructure, and providing opportunities for all citizens and all regions to reach their potential. With confidence arising from strong and exemplary track record of performance and progress, earning Sapkavishwas the next five years will be years of unprecedented development and golden moments to realize the dream of developed India by 2047. The trinity of demography, democracy, and diversity backed by Sapka Prayas has the potential to fulfill aspirations of every Indian. As Honorable Prime Minister in his Independence Day address to the nation mentioned, I quote, there is no dearth of opportunities. As many opportunities as we want, the country is capable of creating more opportunities. Sky is the limit. Unquote. Strategy for Amritkal. Our government will adopt economic policies that foster and sustain growth, facilitate inclusive and sustainable development, improve productivity, create opportunities for all, help them enhance their capabilities, and contribute to generation of resources to power investments and fulfill aspirations. Guided by the principle reform, perform, and transform, the government will take up next generation reforms and build consensus with the states and stakeholders for effective implementation. It is an important policy priority for our government to ensure timely and adequate finances, relevant technologies, and appropriate training for the micro, small, and medium enterprises, MSMEs, to grow and also compete globally. Orienting the regulatory environment to facilitate their growth will be an important element of this policy mix. Aligning with the Panchamrut goals, our government will facilitate sustaining high and more resource-efficient economic growth. This will work towards energy security in terms of availability, accessibility, and affordability. For meeting the investment needs, our government will prepare the financial sector in terms of size, capacity, skills, and regulatory framework. Aspirational districts program. Our government stands ready to assist the states in faster development of aspirational districts and blocks, including generation of ample economic opportunities. Development of the East. Our government will pay utmost attention to make the Eastern region and its people a powerful driver of India's growth. PM Awas Yojana Grameen. Despite the challenges due to COVID, implementation of PM Awas Yojana Grameen continued, and we are close to achieving the target of three crore houses. Two crore more houses will be taken up in the next five years to meet the requirement arising from increase in the number of families. Rooftop solarization and Muft Bijli. Through rooftop solarization, one crore households will be enabled to obtain up to 300 units free electricity every month. This scheme follows the resolve of honorable prime minister on the historic day of consecration of Sri Ram Mandir in Ayodhya. The following benefits are expected. Savings up to 15,000 to 18,000 rupees annually for households from free solar electricity and selling the surplus to the distribution companies. Charging of electric vehicles. Entrepreneurship opportunities for a large number of vendors for supply and installation. Employment opportunities for the youth with technical skills in manufacturing, installation, and maintenance. Housing for middle class. Our government will launch a scheme to help deserving sections of the middle class, and I quote from honorable prime minister's words, living in rented houses or slums or chalice and unauthorized colonies. Unquote, to buy and build, to buy or build their own houses. Medical colleges. Several youth are ambitious to get qualified as doctors. They aim to serve our people through improved health care services. Our government plans to set up more medical colleges by utilizing the existing hospital infrastructure under various departments. A committee for this purpose will be set up to examine the issues and make relevant recommendations. Cervical cancer vaccination. Our government will encourage vaccination for girls in the age group of nine to 14 years for prevention of cervical cancer. Maternal and child health care. Various schemes for maternal and child care will be brought under one comprehensive program for synergy in implementation. Upgradation of Anganwadi centers under Saksham Anganwadi and Portion 2.0 will be expedited for improved nutrition delivery, early childhood care, and development. The newly designed U-Win platform for managing immunization and intensified efforts of Mission Indra Dhanush will be rolled out expeditiously throughout the country. Ayushman Bharat. Health care cover and Ayushman Bharat scheme will be extended to all Asha workers, to all Anganwadi workers, and helpers. Agriculture and food processing. The efforts of value addition in agriculture sector and boosting farmers' incomes will be stepped up. Pradhan Mantri Kisan Sampada Yojana has benefited 38 lakh farmers and generated 10 lakh employment. Pradhan Mantri formalization of micro-food processing enterprises, Yojana, has assisted 2.4 lakh SHGs and 60,000 individuals with credit linkages. Other schemes are complementing the efforts for reducing post-harvest losses and improving productivity and incomes. For ensuring faster growth of the sector, our government will further promote private and public investment in post-harvest activities, including aggregation, modern storage, efficient supply chains, primary and secondary processing and marketing and branding. Nano DAP. After the successful adoption of Nano Urea, application of Nano DAP on various crops will be expanded in all agro-climatic zones. Atmanirbar oil seeds are beyond. Building on the initiative announced in 2022, a strategy will be formulated to achieve Atmanirbar for oil seeds such as mustard, groundnut, sesame, soya bean and sunflower. This will cover research for high-yielding varieties, widespread adoption of modern farming techniques, market linkages, procurement, value addition and crop insurance. Dairy development. A comprehensive program for supporting dairy farmers will be formulated. Efforts are already on to control foot-and-mouth disease. India is the world's largest milk producer, with India is the world's largest milk producer, but with low productivity of milk animals. The program will be built on the success of existing schemes such as Rashtriya Gokul Mission, National Livestock Mission and Infrastructure Development Funds for Dairy Processing and Animal Husbandry. Matsya Sampada. It was a government which set up a separate department for fisheries, realizing stock mission and infrastructure development funds for dairy processing and animal husbandry. Matsya Sampada. It was a government which set up a separate department for fisheries, realizing Lakpati Didi. 83 lakh SHGs. 83 lakh SHGs with nine crore women are transforming rural socioeconomic landscape with empowerment and self-reliance. Honorable speakers say their success has assisted nearly one crore women to become Lakpati Didi already. They are an inspiration to others. Their achievements will be recognized through honoring them. Boiled by the success, it has been decided to enhance the target for Lakpati Didi from two crores to three crores. Technological changes, new age technologies and data are changing the lives of people and businesses. They're also enabling new economic opportunities and facilitating provision of high quality services at affordable prices for all, including those at the bottom of the pyramid. Opportunities for India at the global level are expanding. India is showing solutions through innovation and entrepreneurship of its people. Research and innovation for catalyzing growth, employment and development. Prime Minister Shastri, Prime Minister Lal Bahadur Shastri gave the slogan of Jai Javan, Jai Kisan. Prime Minister Vajpayee, Atal Bihari Vajpayee made that Jai Javan, Jai Kisan, Jai Vijnan. Prime Minister Modi has furthered that to Jai Javan, Jai Kisan, Jai Vijnan and Jai Anusandhan, as innovation is the foundation of development. For our tech savvy youth, for our tech savvy youth, this will be a golden era. A corpus of one lakh crore rupees will be established with 50 year interest-free loan provided. The corpus will provide long-term financing or refinancing with long tenors and low and or nil. I repeat that sentence. The corpus will provide long-term financing or refinancing with long tenors and low or nil interest rates. This will encourage, this will encourage the private sector to scale up research and innovation significantly in sunrise domains. We need to have programs that combine the powers of our youth and technology. A new scheme will be launched for strengthening deep tech technologies for defense purposes and expediting Atman-Irbartha. Infrastructure development, building on the massive tripling of the capital expenditure outlay in the past four years resulting in huge multiplier impact on economic growth and employment creation. The outlay for the next year is being increased by 11.1% to 11 lakh, 11,000, 111 crore rupees. This would be 3.4% of our GDP. Railways, three major economic railway corridor programs will be implemented. These are energy, mineral and cement corridors. Number two, port connectivity corridors. And number three, high traffic density corridors. The projects have been identified under the PM Gati Shakti for enabling multimodal connectivity. They will improve logistics efficiency and reduce cost. The resultant decongestion of the high traffic corridors will also help in improving operations of passenger trains resulting in safety and higher travel speed for passengers. Together with dedicated freight corridors, these three economic corridor programs will accelerate our GDP growth and reduce logistic costs. 40,000 normal rail bogies will be converted to Vande Bharat standards to enhance safety, convenience and comfort of passengers. Aviation sector. The aviation sector has been galvanized in the past 10 years. Number of airports have doubled to 149. Rollout of air connectivity to tier two and tier three cities under Udaan scheme has been widespread. 517 new routes are carrying 1.3 crore passengers. Indian carriers have proactively placed orders for over 1,000 new aircrafts. Expansion of existing airports and development of new airports will continue expeditiously. Metro and Namo Bharat. We have a fast expanding middle class and rapid urbanization is taking place. Metro and Namo Bharat. Metro rail and Namo Bharat can be the catalyst for the required urban transformation. Expansion of these systems will be supported in large cities focusing on transit oriented development. Green energy. Towards meeting a commitment for net zero by 2070, the following measures will be taken. Biability gap funding will be provided for harnessing offshore wind energy, for harnessing offshore wind energy potential for initial capacity of one gigawatt. Cold gasification and liquefaction, capacity of 100 metric tons will be set up by 2030. This will also help in reducing imports of natural gas, methanol and ammonia. Faced mandatory blending of compressed biogas in compressed natural gas for transport and piped natural gas for domestic purposes will be mandated. Financial assistance will be provided for procurement of biomass, aggregation machinery to support collection. Electric vehicle ecosystem. Our government will expand and strengthen the e-vehicle ecosystem by supporting manufacturing and charging infrastructure. Greater adoption of e-buses for public transport networks will be encouraged through payment security mechanism. Biomanufacturing and bio-foundry. For promoting green growth, a new scheme of bio-manufacturing and bio-foundry will be launched. This will provide environment-friendly alternatives such as biodegradable polymers, bioplastics, biopharmaceuticals, and bio-agree inputs. This scheme will also help in transforming today's consumptive manufacturing paradigm to the one based on regenerative principles. Blue Economy 2.0. For promoting climate-resilient activities for Blue Economy 2.0, a scheme for restoration and adaptation measures and coastal aquaculture and mariculture with integrated and multi-sectoral approach will be launched. Comprehensive development of tourist centres. The success of organising G20 meetings in 60 places presented diversity of India to global audience. Our economic strength has made the country an attractive destination for business and conference tourism. Our middle class also now aspires to travel and explore. Tourism, including spiritual tourism, has tremendous opportunities for local entrepreneurship. States will be encouraged to take up comprehensive development of iconic tourist centres, branding and marketing them at global scale. A framework for rating of the centres based on quality of facilities and services will be established. Long-term interest-free loans will be provided to states for financing such development on matching basis. To address the emerging fervour for domestic tourism, honourable speaker sir, projects for port connectivity, tourism infrastructure and amenities will be taken up on our islands, including Laxadeep. This will help in generating employment also. Promoting investments. The FDI inflow during 2014 to 23 was 596 billion US dollars marking a golden era. That is twice the inflow during 2005 to 14. For encouraging sustained foreign investment, we are negotiating bilateral investment treaties with our foreign partners in the spirit of first developed India. FDI is first developed India. Reforms in the states for Vikasit Bharat. Many growth and development enabling reforms are needed in the states for realising the vision of Vikasit Bharat. The provision of 75,000 crore rupees as 50-year interest-free loan is proposed this year to support those milestone-linked reforms by the state governments. Societal changes. The government will form a high-powered committee for an extensive consideration of the challenges arising from fast-population growth and demographic changes. The committee will be mandated to make recommendations for addressing these challenges comprehensively in relation to the goal of Vikasit Bharat. Amrth Kahl as Kartav Yakaal. Our government stands committed to strengthening and expanding the economy with high growth and to create conditions for people to realise their aspirations. Honourable Prime Minister in this Independence Day addressed to the nation in the 75th year of our republic said, and I quote, we commit ourselves to national development with new inspirations, new consciousness, new resolutions as the country opens up immense possibilities and opportunities. It is our Kartav Yakaal, unquote. Every challenge of the pre-2014 era was overcome through our economic management and our government. These have placed the country on a resolute path of sustained high growth. This has been possible through right policies, true intentions and appropriate decisions. In the full budget in July, Honourable Speaker, our government will present a detailed roadmap for a pursuit of Vikasit Bharat. Revised its estimates. Revised estimates of 2023-24. The revised estimate of the total receipts other than borrowings is 27.56 lakh crores of rupees of which the tax receipts are 23.24 lakh crore rupees. The revised estimate of total expenditure is 44.90 lakh crore rupees. The revenue receipts at 30.03 lakh crore rupees are expected to be higher than the budget estimate, reflecting strong growth momentum and formalization in the economy. The revised estimate of lakh crore rupees. The revenue receipts at 30.03 lakh crore rupees are expected to be higher than the budget estimate, reflecting strong growth momentum and formalization in the economy. The revised estimate of the fiscal deficit is 5.8% of GDP, improving on the budget estimate, notwithstanding moderation in the nominal growth estimates. Budget estimates for 2024-25. Coming to the year 2024-25, the total receipts other than borrowings and total expenditure are estimated at 30.80 and 47.66 lakh crore rupees respectively. The tax receipts are estimated at 26.02 lakh crore rupees. The scheme of 50-year interest-free loan for capital expenditure to states will be continued this year with an outlay of 1.3 lakh crore rupees. We continue on the path of fiscal consolidation, as announced in my budget speech of 2021-22 to reduce fiscal deficit below 4.5% by 25-26. The fiscal deficit in 2024-25 is estimated to be 5.1% of GDP adhering to that path. So the gross and net market borrowings through dated securities during 24-25 are estimated at 14.13 lakh crore rupees and 11.75 lakh crore respectively. Both will be less than that in 23-24. Now that the private investments are happening at scale, the lower borrowings by the central government will facilitate larger availability of credit for the private sector. Vote on account. I'll be seeking vote on account approval of the parliament through the appropriation bill for a part of the financial year 2024-25. I will now move to part B. Honourable Speaker, over the last 10 years, the direct tax collections have more than trebled and the return filers swelled 2.4 times. I would like to assure the taxpayers that their contributions have been used wisely for the development of the country and welfare of its people. I appreciate the taxpayers for their continued support. The government has reduced and rationalised tax rates. Under the new tax scheme, there is now no tax liability for taxpayers with income up to 7 lakh rupees, up from 2.2 lakh rupees in the financial year 2013-14. The threshold for presumptive taxation for retail businesses was increased from 2 crores to 3 crores. Similarly, the threshold for professionals eligible for presumptive taxation was increased from 50 lakh rupees to 75 lakh rupees. Also, corporate tax rate was decreased from 30% to 22% for existing domestic companies and to 15% for certain new manufacturing companies. Honourable Speaker, in the last 5 years, our focus has been to improve taxpayers' services. The age-old jurisdiction-based assessment system was transformed with the introduction of faceless assessment and appeal, thereby imparting greater efficiency, transparency and accountability. Introduction of updated income tax returns, a new form 26AS, and pre-filling of tax returns have made filing of tax returns simpler and easier. This year, average processing time of returns has been reduced from 93 days in the year 2013-14 to a mere 10 days this year, thereby making refunds faster. Indirect taxation, by unifying the highly fragmented indirect tax regime in India, the GST has reduced the compliance burden on trade and industry. The industry has acknowledged the benefits of GST. According to a recent survey conducted by a leading consulting firm, 94% of industry leaders view the transition to GST as largely positive. According to 80% of the respondents, it has led to supply chain optimization, as elimination of tax arbitrage and octroy has resulted in disbanding of check posts at the state and city boundaries. At the same time, tax base of GST more than doubled and the average monthly gross GST collection has almost doubled to 1.66 lakh crores. This year, states too have benefited. States' SGST revenue, including compensation, released to states in the post-GST period of 2017-18 to 2022-23 has achieved a buoyancy of 1.22. In contrast, the tax buoyancy of state revenues from subsumed taxes in the pre-GST four-year period of 2012-13 to 2015-16 is a mere 0.72. The biggest beneficiaries are consumers, as reduction in logistic costs and taxes have brought down prices of most goods and services. We have taken a number of steps and customs to facilitate international trade. As a result, the import release time declined by 47% to 71 hours at inland container depots, by 28% to 44 hours at air cargo complexes and by 27% to 85 hours at seaports over the last four years since 2019. When the national time release studies were first acted, tax proposals, as for tax proposals in keeping with the convention, I do not propose to make any changes relating to taxation and propose to retain the same tax rates for direct and indirect taxes including import duties. However, certain tax benefits to start-ups and investments made by sovereign wealth or pension funds also tax exemption on certain income of some IFSC units are expiring on 31-3-2024. To provide continuity in taxation, I propose to extend the date to 31-3-2025. Moreover, in line with the government's vision to improve ease of living and ease of doing business, I wish to make an announcement to improve taxpayer services. There are large number of petty, non-verified, non-reconciled or disputed tax direct tax demands, disputed direct tax demands, many of them dating as far back as 1962 which continue to remain on the books causing anxiety to honest taxpayers and hindering refunds of subsequent years. Honourable Speaker Sir, I propose to withdraw such outstanding direct tax demands up to Rs 25,000 pertaining to the period up to financial year 2009-10 and up to Rs 10,000 for financial years 2010-11 to 2014-15. This is expected to benefit the crore taxpayers. One crore taxpayers would benefit out of this. Economy then and now. In 2014, when our government assumed the reins, the responsibility to mend the economy step by step and to put the governance systems in order was enormous. The need of the hour was to give hope to the people to attract investments and to build support for the much-needed reforms. The government did that successfully following our strong belief of nation first. The crisis of those years has been overcome and the economy has been put firmly on a high sustainable growth path with all-round development. It is now appropriate to look at where we are there then. I repeat, it is now appropriate to look at where we were then till 2014 and where we are now only for the purpose of drawing lessons from the mismanagement of those years. The government will lay a white paper on table of the house. The exemplary track record of governance, development and performance, effective delivery and Gen Kalyan has given the government trust, confidence and blessings of the people to realize whatever it takes. The goal of Vikasit Bharat with good intentions, true dedication and hard work in the coming years and decades. With this honourable speaker, I commend the interim budget to this August house. Jai Hind. Item number two, Srimati Nirmala Sita Manji. Sir, with your permission, I rise to lay on the table the following statements. Under section 3-1 of the Fiscal Responsibility and Budget Management Act, 2003, medium-term fiscal policy come fiscal policy strategy statement and macroeconomic framework statement. Item number three, Srimati Nirmala Sita Manji. Sir, with your permission, I rise to move for leave to introduce the Finance Bill 2024. The question is whether it is possible to provide full support to the students who are in favour of it or who are not in favour of it in my opinion. Minister, the students... are in the middle of a sacred place of the living and the living. To share the truth with you, I would like to show you the stories of the members of the Gita and Saram. Every year, on Friday and Friday, at 6.30 p.m. there is something else. I am Bakra Tundamaha and I am from the MLA I am the manager of the Pala Pala Pala of the MLA in the heart of the Government of the World. I am Bakra Tundamaha and I am a director of the MLA in the MLA. I am Bakra Tundamaha and I am a director of the MLA. Assumptu, respect the martyrs. Support the nation. I am Mati, I am Desa. See, it's December 7th. Every Thursday, at 10.30 pm. There will be a lot of news in August. There are some changes. There are some changes in the family. Well, I am a little shy. I don't know what to say. But, if I say something, I will be very naughty. I will be very naughty. Do you think that we will be very naughty? No, it's always my choice. I mean, I don't have the choice to work for my father. I have already worked for him. We use a lot of single wads at home. A lot, a lot, a lot. A lot. Everyone says a lot. A lot, a lot, a lot. My father used to say a lot. A lot, a lot, a lot.