The Hindu Editorial Analysis : 1st February 2024

The Hindu Editorial Analysis

The Importance of Reading The Hindu Editorial: Reading The Hindu newspaper has several benefits, including improving reading skills, facilitating comprehension, staying informed of current events, enhancing essay writing, and more. For individuals aiming for a career in banking, reading editorials is crucial for vocabulary building. In this article, we will examine today’s editorials, provide practice questions, and highlight important vocabulary words.

Sixth budget in a row: Nirmala Sitharaman

• The finance minister Nirmala Sitharaman is going to present the sixth budget in a row, here five annual budgets and one interim budget, today on 1st Feb 2024.
• She set a record to present five annual and one interim budget in a row and match Morarji Desai’s record. He had presented five annual budgets and one interim budget between 1959 and 1964.
• Before presenting the interim budget 2024, the finance minister released a report describing the growth of the country in 10 years. According to that report India’s GDP in 2024-25 will close to 7% with “considerable scope” and there are high chances that by 2030 the country’s GDP will reach 7% mark.
• Nirmala Sitharaman will surpass the record of Manmohan Singh, Arun Jaitley, P. Chidambaram, and Yashwant Sinha, who had presented five budgets in a row.
• Major announcement in the 2023 budget was the increased limit of paying income tax which increased to 7 lakh.
• Interim budget is presented before the general election which is going to happen in 2024-25 and the annual budget is the full fledged budget for next fiscal year.
• The fiscal deficit of 5.9% for this fiscal year is likely to be achieved. The budget would focus more on infrastructure which is the backbone of robust economic growth.
• This interim budget is also important for the current government for electoral purposes. Farmers and women are electrolly significant segments of the economy, this interim budget must have a place for them.

Important Questions:

1. What is the difference between interim budget and annual budget?
2. Why is this interim budget significant for Finance Minister Nirmala Sitharaman?

Important vocabs:

• Lampooned– publicly criticize (someone or something) by using ridicule, irony, or sarcasm.
• Derided– express contempt for; ridicule.
• Herald– announced
• Fervour– intense and passionate feeling
• Entente– a friendly understanding or informal alliance between states or factions.
• Abreast– side by side and facing the same way.

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