Dive into the nuances of the Union Interim Budget 2024-25 with Pradeep Kumar Aggarwal, Founder & Chairman of Signature Global (India) Limited. Hear his insights on the wonderful announcements, a focus on infrastructure, and addressing the bottom of the pyramid. Join the discussion on this balanced budget and stay optimistic about future announcements. Stay tuned for a comprehensive analysis!
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#Budget #Budget2024 #BudgetSession2024 #NirmalaSitharaman #Sitharaman #InterimBudget2024 #Finance #Business #BusinessNews #Oneindia
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NewsTranscript
00:00 The announcement is excellent.
00:03 The budget was also interim.
00:06 I didn't think that it would have some things that could have been added.
00:13 I was hoping but because of interim budget, I didn't hear that.
00:20 But the biggest thing was that there was a lot of focus on infrastructure.
00:26 The capital expenditure, as I told you before, should have a big increase.
00:36 So that has been considered.
00:39 The capital expenditure of 10 lakh crores was increased to 11 lakh crores.
00:45 That is a big welcome point.
00:48 And the second big thing is that the focus is on the bottom of the pyramid.
00:53 Especially the section that was not addressed yet.
01:00 The Prime Minister has addressed it again and again.
01:03 Whether we talk about youth power or women power, the focus is more on them.
01:09 And of course, there is a balanced budget.
01:12 We could have done as much as we could.
01:15 So quite hopeful that you will see more announcements in the future.
01:19 Sir, we are planning to announce the scheme for middle class housing.
01:24 So the biggest thing is that people who live in rented houses or in unauthorized colonies,
01:31 the Minister has said that we will bring the scheme soon.
01:36 So the scheme was not announced in today's budget announcement.
01:40 But quite hopeful that if they have quoted it, we will definitely see the scheme in the future.
01:48 So do you think the focus is on infrastructure?
01:51 People are coming out of Covid and are trying to move the infrastructure forward.
01:56 Is this a problem that is being understood by the government?
01:59 Absolutely. The Prime Minister has been focusing on infrastructure since 2014.
02:04 2024 is just a phase of it.
02:08 I think in the coming time, you will see very good things on infrastructure.
02:14 And you can see how base the announcement is on the railway corridor.
02:21 The second big thing is that people's experience of the railway can be increased.
02:28 So the railway bogeys can be improved and brought to the level of Vande Bharat.
02:38 This is a very visionary thing.
02:40 I think there are many things that are good to hear.
02:44 But because I belong to the real estate industry, I was expecting something else.
02:48 I thought something would happen.
02:50 But quite hopeful that when the government is formed after the elections,
02:58 we will definitely see some announcements.
03:00 [BLANK_AUDIO]