How has the Modi Government reshaped the Budget over the last decade
Discuss the changes made to the Budget by the Modi Government in the past decade.
1. Introduction of the Goods and Services Tax (GST) in 2017, replacing multiple indirect taxes with a single unified tax system.
2. Focus on agricultural sector with initiatives like PM-KISAN scheme providing direct income support to farmers.
3. Increase in allocation for infrastructure and healthcare sectors to boost economic growth and improve public health.
4. Implementation of the Insolvency and Bankruptcy Code (IBC) to address the issue of non-performing assets in the banking sector.
5. Rationalization of subsidies to target beneficiaries more effectively and reduce fiscal burden.
6. Digitalization of budget processes for transparency and efficiency in financial management.
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11 months ago