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Monday, July 22, 2024

For Our Tech-Savvy Youth, This Will Be a Golden Era: Smt. Nirmala Sitharaman

Smt. Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, highlighted the motto of ‘Sabka Saath, Sabka Vikas, Sabka Prayas’ in the Interim Budget 2024-25 placed before Parliament yesterday, saying that the country is proud of its young who are reaching new heights in sports.

Youth in Sports

She praised India’s success at the Asian Games, stating that “the highest ever medal tally in the Asian Games and Asian Para Games in 2023 reflects a high confidence level”. In her Budget address, the Union Minister also stated that chess prodigy and our number one rated player Praggnanandhaa will face off against reigning World Champion Magnus Carlsson in 2023. Speaking about India’s achievements in chess, she stated,  “Today, India has over 80 chess grandmasters compared to little over 20 in 2010”.

Corpus for Tech Savy Youth

Smt. Nirmala Sitharaman while presenting the Budget proposed to establish a corpus of rupees one lakh crore with fifty- year interest free loan. The corpus will provide long term financing or refinancing with long tenors and low or nil interest rates.

She said that for our tech savvy youth, this will be a golden era and there is a need to have programmes that combine the powers of our youth and technology. Smt. Nirmala Sitharaman emphasised that the corpus will encourage the private sector to scale up research and innovation significantly in the sunrise domains.

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