Finance Minister Nirmala Sitharaman presenting Interim Price range 2024 in Lok Sabha. Supply: PTI.
In her Price range 2024 speech, Finance Minister Nirmala Sitharaman stated recalled slogan – “Jai Vigyan Jai Anusandhan” – raised by Prime Minister Narendra Modi in Bengaluru final 12 months.
“Prime Minister (Lal Bahadur) Shastri gave the slogan of “Jai Jawan Jai Kisan”. (Former) Prime Minister (Atal Bihari) Vajpayee made that “Jai Jawan Jai Kisan Jai Vigyan”. Prime Minister (Narendra) Modi has furthered that to “Jai Jawan Jai Kisan Jai Vigyan and Jai Anusandhan”, as innovation is the inspiration of improvement,” Sitharaman stated.
The slogan “Jai Vigyan Jai Anusandhan” was raised by PM Modi outdoors HAL airport after his arrival in Bengaluru in August final 12 months the place he visited to satisfy scientists of ISRO concerned within the Chandrayaan-3 Mission.
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“I could not stop myself as I was not in the country, but I decided to visit Bengaluru first and meet our scientists right after visiting India,” the Prime Minister had stated.
Quickly after attending the fifteenth BRICS Summit in South Africa’s Johannesburg, PM Modi visited ISRO Telemetry Monitoring and Command Community Mission Management Complicated in Bengaluru to satisfy the ISRO crew concerned within the Chandrayaan-3 Mission.
In her Interim Price range 2024 speech, Sitharaman stated new age applied sciences and information are altering the lives of individuals and companies. “They are also enabling new economic opportunities and facilitating provision of high-quality services at affordable prices for all, including those at ‘bottom of the pyramid’,” she stated.
“Opportunities for India at the global level are expanding. India is showing solutions through innovation and
entrepreneurship of its people. Research and Innovation for catalysing growth, employment and development,” the Finance Minister stated.
‘Golden era for tech savvy youth’
Sitharaman stated for tech savvy youth in India, this will probably be a golden period. “A corpus of rupees one lakh crore will be established with fifty-year interest free loan. The corpus will provide long-term financing or refinancing with long tenors and low or nil interest rates. This will encourage the private sector to scale up research
and innovation significantly in sunrise domains. We need to have programmes that combine the powers of our youth and technology,” she stated.
The Finance Minister additionally stated a brand new scheme will probably be launched for strengthening deep-tech applied sciences for defence functions and expediting ‘atmanirbharta’.
With inputs from businesses