The Hindu Editorial Analysis : 2nd February 2023

02/02/2023

Table of Contents

The Hindu Editorial Analysis

We all are aware of the importance of reading The Hindu newspaper with the aspect of improving reading ability, easily comprehending paragraphs, getting updated with the current events, improving essay writing and many more. For a banking aspirant it becomes necessary to read editorials for vocabulary. In this article we are going to discuss the points of today’s editorials with practice questions and important vocabs.

A raft of compromise among consolidation.

Finance Minister Nirmala Sitharaman’s fifth Budget, and the current Bharatiya Janata Party-led government’s final full-fledged one before next year’s general election, ticks all the right boxes on the face of it.
Inclusive development that ensures prosperity for all, especially the youth, women, farmers, Other Backward Classes, Scheduled Castes and Scheduled Tribes,a focus on infrastructure and investment that serves as a multiplier for growth and employment, policies to enable green.
environmentally sustainable growth, the rationalization of direct taxes, including a raft of concessions to the middle and salaried classes, and pensioners,and, most importantly, doing all this while staying the course on fiscal consolidation.
Terming it the “first Budget in Amrit Kaal”, Ms. Sitharaman sounded the poll bugle by emphasizing the ruling dispensation’s achievements since 2014, when Prime Minister Narendra Modi first assumed office.

Per capita income, she said, had more than doubled to ₹1.97 lakh as a result of the economy’s growth to being the world’s fifth-largest and the government’s efforts to ensure a better quality of living for all.

She also cited an increase in formalization of the economy and the widespread adoption of digital technologies, especially in the payments sphere, as other significant achievements.
With an eye on ‘India at 100’, the Budget proposals, Ms. Sitharaman said, were aimed at actualising a “technology-driven and knowledge-based economy with strong public finances, and a robust financial sector”.
Emphasizing that the economic agenda for achieving this vision would,among other things, require a focus on giving a strong impetus to growth and job creation, the Minister laid out her Budget proposals that were heavy on this government’s trademark acronyms describing the various schemes, but relatively light on detail.
PM VIKAS or Pradhan Mantri Vishwakarma Kaushal Samman, for instance,would for the !rst time over traditional artisans and craftspeople, or Vishwakarmas, a package of assistance aimed at helping them improve the quality, scale and reach of their products, she said.

Specifies, including a financial outlay and the likely mechanics of implementation, were, however, not spelt out.

Practice Questions:

What is PM VIKAS or Pradhan Mantri Vishwakarma Kaushal Samman and how can it help which type of people?
What does the Finance minister explain about the budget and its main motives?

Important Vocabs:

Outlay- money that is spent, especially in order to start a business or project
Fiscal- connected with government or public money, especially taxes
Deficit- the amount by which the money you receive is less than the money you have spent
Bugle- brass instrument like a small trumpet
Robust- strong and healthy