Meerut, 24 July 2024 – Renowned leader Satyendra Kumar delivered an insightful analysis of India’s Union Budget for the fiscal year 2024-2025 at the FinTech Conclave held in Meerut, Uttar Pradesh. Drawing on his extensive experience, Kumar provided a detailed evaluation of the budget’s focus on infrastructure development, fiscal stability, and social welfare.

Infrastructure and Capital Expenditure

Kumar highlighted the budget’s significant allocation of ₹10 lakh crore for capital expenditure, a 33% increase from the previous year. He emphasized the potential of this investment to drive economic growth through infrastructure development, particularly in transportation, energy, and urban development sectors. Kumar noted that these efforts are expected to generate employment and enhance productivity.

Fiscal Deficit and Economic Stability

Discussing the fiscal deficit target of 5.9% of GDP, Kumar acknowledged the government’s commitment to maintaining fiscal discipline while supporting economic recovery. He addressed the challenges of achieving fiscal consolidation amidst global economic uncertainties and emphasized the importance of strategic planning.

Social Welfare and Rural Development

Kumar praised the budget’s prioritization of social welfare, with increased funding for healthcare, education, and rural development initiatives. He highlighted the importance of programs like the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) and food and fertilizer subsidies in supporting vulnerable populations and stimulating rural economies.

Agriculture and Technology

Kumar emphasized the budget’s focus on agricultural modernization and technological advancement, recognizing their crucial roles in boosting productivity and economic resilience. He pointed out the government’s support for startups and initiatives aimed at enhancing the digital economy as key drivers of future growth.

Environmental and Sustainable Initiatives

Addressing environmental concerns, Kumar applauded the budget’s measures to promote renewable energy and sustainable practices. He underscored India’s commitment to climate goals and the potential impact of investments in green technologies and clean energy projects.

Expert Insights

“India’s 2024-2025 budget sets the stage for sustainable economic growth by prioritizing infrastructure, technology, and social welfare,” said Satyendra Kumar. “This balanced approach addresses immediate needs while paving the way for long-term development.”

Kumar’s address provided valuable insights into the budget’s implications for various sectors and its alignment with India’s broader economic objectives.

Satyendra Kumar is a distinguished retired bureaucrat known for his expertise in public finance and economic policy. His extensive experience has been pivotal in shaping Indian financial strategies and promoting sustainable economic growth.

Islampur, West Bengal – Anindya Ray Memorial Foundation (ARMF), a nongovernmental organization (NGO) founded by Dr. Kingshuk Ray, MBBS, MD, and Mrs. Riya Chakraborty Ray, a Mechanical Engineering graduate with an MBA, is dedicated to the noble cause of community healthcare, social welfare, and environmental sustainability. With a steadfast commitment to serving the underprivileged in third-tier towns and villages, ARMF has emerged as a beacon of hope, striving for health equity and holistic upliftment.

Empowering Communities Through Healthcare:

At the heart of ARMF’s mission lies a deep-seated dedication to ensuring accessible and quality healthcare for all. Dr. Kingshuk Ray, backed by his medical expertise, spearheads the foundation’s healthcare initiatives, which encompass preventive, curative, and rehabilitative services. From organizing health camps and medical screenings to providing essential medications and treatments, ARMF is actively involved in addressing the healthcare needs of marginalized communities.

“Access to healthcare is a fundamental human right, yet millions around the world are deprived of this basic necessity. At ARMF, we are driven by the belief that no one should suffer due to lack of medical attention. Through our concerted efforts, we aim to bridge the healthcare gap and empower individuals to lead healthier, more fulfilling lives,” remarked Dr. Kingshuk Ray, Co-Director of ARMF.

Social Welfare and Community Engagement:

In addition to healthcare, ARMF places significant emphasis on social welfare initiatives aimed at uplifting the socio-economic status of underprivileged communities. Mrs. Riya Chakraborty Ray, leveraging her background in mechanical engineering and management acumen, leads the foundation’s endeavors in this domain. From skill development programs and vocational training to educational initiatives and women’s empowerment projects, ARMF is committed to fostering sustainable change at the grassroots level.

“We firmly believe that sustainable development can only be achieved through holistic interventions that address the multifaceted needs of communities. By empowering individuals with the necessary skills and resources, we strive to create a ripple effect of positive change that permeates every aspect of society,” emphasized Mrs. Riya Chakraborty Ray, Co-Director of ARMF.

Green Initiative and Community Kitchen:

Recognizing the critical importance of environmental conservation, ARMF has embarked on a comprehensive green initiative aimed at promoting sustainability and eco-consciousness. Through tree plantation drives, waste management programs, and advocacy for renewable energy solutions, the foundation endeavors to create a greener, cleaner future for generations to come.

Moreover, ARMF operates a community kitchen that not only addresses food insecurity but also promotes nutrition and food sustainability. By leveraging locally sourced ingredients and employing eco-friendly practices, the kitchen serves as a hub for fostering community solidarity and well-being.

Towards Health Equity:

ARMF’s overarching goal is to achieve health equity, ensuring that every individual, regardless of socio-economic status or geographical location, has access to the healthcare and support services they need to thrive. By advocating for policy reforms, collaborating with governmental and non-governmental partners, and mobilizing resources effectively, ARMF remains steadfast in its commitment to promoting health equity as a cornerstone of social justice.

Join Us in Making a Difference:

As Anindya Ray Memorial Foundation continues to expand its reach and impact, it invites individuals, corporations, and organizations to join hands in the noble endeavor of community healthcare, social welfare, and environmental sustainability. Together, we can build a brighter, healthier future for all, leaving behind a legacy of compassion, empowerment, and resilience.

For media inquiries, partnership opportunities, or to learn more about ARMF’s initiatives, please contact:

Dr. Kingshuk Ray

Director

Email: www.anindyaraymemorialfoundation@gmail.com

Website: www.armfoundation.in

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About Anindya Ray Memorial Foundation:

Anindya Ray Memorial Foundation (ARMF) is a non-governmental organization (NGO) founded by Dr. Kingshuk Ray, MBBS, MD, and Mrs. Riya Chakraborty Ray, with a vision to promote community healthcare, social welfare, and environmental sustainability. Based in Islampur, ARMF works tirelessly to uplift the underprivileged in third-tier towns and villages, striving for health equity and holistic development. With a multifaceted approach encompassing healthcare services, social welfare programs, green initiatives, and community engagement, ARMF is committed to creating positive change and building a brighter future for generations to come.