Q10.One of the intended objectives of the Union Budget 2017-18 is to ‘transform, energise and clean India’. Analyse the measures proposed in the Budget 2017-18 to achieve the objective.
Introduction
The Union Budget 2017-18 articulated a clear vision to 'Transform, Energise, and Clean India' (TEC), aiming for structural reforms, accelerated growth, and enhanced social welfare through a multi-pronged strategy.
Measures for 'Transform India'
This pillar focused on structural changes and good governance. Key measures included promoting a digital economy via BHIM app and Aadhaar Pay, significant rural development through PMGSY and housing targets, and skill enhancement via SANKALP and STRIVE. Electoral bonds were introduced for transparency, alongside tax administration reforms for ease of doing business.
Measures for 'Energise India'
To stimulate economic growth, the budget expanded Pradhan Mantri Mudra Yojana for youth empowerment and job creation. Financial sector reforms involved FDI liberalization and bank recapitalization. Substantial infrastructure investment in railways and national highways was proposed, fostering entrepreneurship and poverty alleviation.
Measures for 'Clean India'
This objective addressed sanitation, environment, and transparency. Increased allocation for Swachh Bharat Abhiyan targeted Open Defecation Free villages. Enhanced funding for Namami Gange, promotion of clean energy, and continued efforts to curb black money underscored the commitment to a cleaner and more transparent nation.
Conclusion
The 2017-18 Budget, guided by its TEC agenda, presented a holistic strategy for inclusive growth, sustainable development, and a transparent, digitally-empowered New India by addressing core developmental challenges.
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