look news india
During the press conference held today at Circuit House, Prayagraj, Uttar Pradesh Deputy Chief Minister Shri Keshav Prasad Maurya praised the Union Budget 2026-27, calling it ‘historic and all-touching’ and thanked Prime Minister Shri Narendra Modi and the Finance Minister for taking concrete steps towards ‘developed India’. While starting the press conference, Shri Maurya said that This will create lakhs of local employment opportunities for our youth through ‘Corporate Mitras’ and skill centers in Tier-2 and Tier-3 cities. ‘AVGC’ in 15,000 schools and 500 colleges for youth aspiring to make a career in entertainment ‘Content Creator Labs’ will be set up, there is a plan to develop five new ‘University Clusters’ for developing 1 lakh health professionals and skilling in the next 5 years. ₹5,000 crore has been allocated to City Economic Regions (CERs). 1.5 lakh care service providers will be trained for medical and allied care services of the elderly. Control on fiscal deficit Shri Maurya said that by setting a target of fiscal deficit of 4.3% of GDP, the government has taken strong steps towards controlling the debt, relief to the middle class: exemption on income tax and health services. Government has given a big relief to the patients suffering from serious diseases, especially cancer, by giving a limit on 17 medicines. The fee has been abolished. A historic proposal has been made to reduce the TCS rate on remittances (LRS) for education and medical treatment abroad from 5% to 2%, which will directly provide relief to the middle class. To increase the income of farmers and rural economy farmers, the government is focusing on high value crops like coconut, cashew, oilseeds and cocoa. Provision for credit assistance has been made for improving the animal husbandry sector, increasing the availability of 20,000 veterinary professionals and setting up veterinary colleges in the private sector. A huge investment of ₹12.2 lakh crore has been made in infrastructure, increasing the public capital expenditure to ₹12.2 lakh crore. 7 new ‘growth-connector’ high-speed rail corridors (e.g. Delhi-Varanasi, Mumbai-Pune) will be developed between the ship repair hub at Varanasi-Patna and major cities of the country. Make in India 2.0: Emphasis on semiconductors and biopharma ‘Biopharma SHAKTI’ scheme to be launched with an investment of ₹10,000 crore for the biopharma sector in the next 5 years, which will enable high-quality R&D (R&D) jobs will be available. Along with this, a provision of ₹ 40,000 crore has been made for Indian Semiconductor Mission 2.0 and Electronics Component Scheme. ‘SME Growth Fund’ of ₹ 10,000 crore and ‘Self-Reliant India Fund’ top-up of ₹ 2,000 crore have been declared to provide wings to MSMEs and support new startups. Rural areas will be strengthened by promoting food processing and value addition, which will give impetus to the local economy. AI will give impetus to development. Priority has been given to deep-tech, AI and manufacturing startups. Design, fabrication and packaging have been promoted under the India Semiconductor Mission 2.0, in which the estimated public support is more than ₹ 40,000 crore. In the end, he expressed his gratitude to the Honorable Prime Minister Shri Narendra Modi and the Honorable Finance Minister and said that Modi is a wonderful confluence of the power of nationalism and the values of religion, Modi is dedicated to the upliftment of the poor and the re-construction of the country.