Union Budget 2024-2025: In-Depth Analysis for UPSC Aspirants by Sudhanshu Sir
In this detailed video lecture, Sudhanshu Sir delves into the Union Budget 2024-2025, providing a comprehensive analysis tailored specifically for UPSC aspirants. The main objective is to guide students on how to effectively use the budget document for their UPSC preparation, highlighting potential questions for the prelims and important aspects for the mains examination.
Content Covered:
Introduction to Union Budget/Annual Financial Statement:
Understanding the Union Budget as mandated by Article 112 of the Constitution.
Division into Consolidated Fund, Contingency Fund, and Public Account.
Detailed explanation of the statement of receipts and expenditures for each fund.
Key Highlights of Union Budget 2024-2025:
Focus Areas: Emphasis on the ‘Garib’ (Poor), ‘Mahilayen’ (Women), ‘Yuva’ (Youth), and ‘Annadata’ (Farmer).
Theme: Prioritization of employment, skilling, MSMEs, and the middle class.
9 Priorities in Pursuit of Viksit Bharat:
Priority 1: Productivity and Resilience in Agriculture
Introduction of 109 high-yielding and climate-resilient crop varieties.
Expansion of natural farming practices and establishment of bio-input resource centers.
Provisions for achieving self-sufficiency in pulses and oilseeds.
Priority 2: Employment & Skilling
Implementation of Employment Linked Incentive schemes.
Higher participation of women in the workforce and new schemes for skilling the youth.
Priority 3: Inclusive Human Resource Development and Social Justice
Launch of Purvodaya for eastern region development and Pradhan Mantri Janjatiya Unnat Gram Abhiyan for tribal communities.
Priority 4: Manufacturing & Services
Enhancement of Mudra loans and financial support for MSME units.
Internship opportunities in top companies for youth.
Priority 5: Urban Development
Investment in PM Awas Yojana Urban 2.0 and support for street vendors through PM SVANidhi.
Priority 6: Energy Security
Launch of PM Surya Ghar Muft Bijli Yojana for free rooftop solar electricity.
Emphasis on nuclear energy in the energy mix.
Priority 7: Infrastructure
Allocation of ₹11,11,111 crore for capital expenditure.
Priority 8: Innovation, Research & Development
Expansion of the space economy and establishment of a venture capital fund.
Priority 9: Next Generation Reforms
How to Use This Budget for UPSC Preparation
Prelims Focus: Key facts, figures, and highlights that are likely to be questioned in the prelims.
Mains Focus: In-depth analysis and critical evaluation of policies, schemes, and their impact, which are crucial for the mains examination.
Join Sudhanshu Sir as he breaks down the Union Budget 2024-2025, offering invaluable insights and strategic guidance to help you ace the UPSC exams. Don’t forget to like, share, and subscribe for more such informative content!
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