UNION BUDGET 2024 Explained | Mind Maps | Budget Explained In Under 15 Minutes

Yes Officer
1 Feb 202412:40

Summary

TLDRIn this session, we will discuss the Union Budget in 15-16 minutes, utilizing mind maps for a concise review. Key highlights include GDP growth at 10.5%, fiscal deficit at 5.1%, and capital expenditure of ₹11.11 lakh crore. Major topics covered are housing initiatives, health sector improvements, agricultural advancements, women empowerment schemes, youth-focused projects, infrastructure development, environmental and green energy plans, tourism enhancement, and tax reforms. This video serves as a quick revision tool for understanding the budget efficiently. Additionally, there's a mention of the B’s Babu 2.0 course for banking exam preparations.

Takeaways

  • 📊 Union Budget Overview: The session will cover the Union Budget highlights and help you revise it in 15 minutes using mind maps.
  • 📈 GDP and Fiscal Deficit: GDP is at 10.5%, fiscal deficit is 5.1%, and capital expenditure is 11.11 lakh crore, with an 11.1% increase from last year.
  • 🏡 Housing: A new scheme for the middle class to buy and repair houses, 2 crore houses to be built under the rural housing scheme, and 1 crore rooftop solar installations under the PM Suryodaya scheme.
  • 🏥 Health: Free cervical cancer vaccinations for girls aged 9-14, upgrade of Anganwadi centers, expansion of medical colleges, and inclusion of ASHA workers under PM Ayushman Bharat scheme.
  • 🚜 Agriculture: Introduction of Nano DAP fertilizer, focus on oilseeds like mustard and sunflower, setup of five integrated aqua parks, and plans to double export productivity to 1 lakh crore.
  • 👩‍🦰 Women's Welfare: Aiming to create 3 crore 'Lakhpati' women, increased enrollment in education, and enhanced vocational training for women.
  • 👨‍🎓 Youth and Technology: Establishment of a ₹1 lakh crore corpus for interest-free loans, promotion of tech-centric schemes, and increased FDI inflow to $96 billion.
  • 🛤️ Infrastructure: Capital expenditure at 11.11 lakh crore, development of economic corridors in railways, energy, mineral, cement sectors, and PM Gati Shakti initiative for economic corridors.
  • ♻️ Environment and Green Energy: Viability gap funding for wind energy, bio-manufacturing schemes, and introduction of e-buses in public transport.
  • 🏖️ Tourism and Population: Development of iconic tourist centers, promotion of domestic tourism, and formation of a high-powered committee to address population growth.

Q & A

  • What is the main purpose of the session described in the transcript?

    -The main purpose of the session is to discuss the Union Budget in a concise manner within 15 to 16 minutes, allowing participants to review it when they have limited time.

  • What is the GDP growth rate mentioned in the budget discussion?

    -The GDP growth rate mentioned in the budget discussion is 10.5%.

  • What is the fiscal deficit mentioned in the budget?

    -The fiscal deficit mentioned in the budget is 5.1%.

  • What is the capital expenditure for the current budget?

    -The capital expenditure for the current budget is 11.11% of the total budget.

  • What is the new housing plan discussed for the middle class?

    -A new housing plan is discussed to be created for the middle class, allowing them to buy and repair construct housing.

  • What is the update on the health sector regarding vaccination for girls?

    -The update on the health sector includes vaccination for girls in the age group 9 to 14, which will be provided for free.

  • What is the initiative regarding the 'PM Surya Udoy' scheme in the budget?

    -The 'PM Surya Udoy' scheme aims to install solar rooftops in 1 million households and provide 300 units of electricity for free to those who can generate it.

  • What is the focus on agriculture in the budget?

    -The focus on agriculture includes the use of nano diammonium phosphate as a fertilizer that can be applied in all agro-climatic zones.

  • What is the plan for the aviation sector mentioned in the budget?

    -The plan for the aviation sector includes creating a 'Lakhpati' scheme, aiming to make 3 crore people beneficiaries, and planning for the creation of 3 crore new airlines.

  • What is the employment target set for the future in the budget?

    -The employment target set for the future in the budget is 55 lakh jobs.

  • What is the initiative for the environment and green energy in the budget?

    -The initiative for the environment and green energy includes a viability gap funding scheme to fill gaps in funding in the cement and wind energy sectors, and a plan to generate 1 gigawatt of energy.

Outlines

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Mindmap

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Keywords

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Highlights

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Transcripts

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Etiquetas Relacionadas
Union BudgetEconomic AnalysisHealthcare InitiativesEducation ReformAgriculture FocusInfrastructure DevelopmentTax ReliefSolar EnergyYouth EmpowermentState Reforms
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