Budget 2024: One Crore Youth Will Directly Benefit From Our Internship Scheme, Says Finance Minister

Explaining the rationale behind tax collection of asset classes Finance Minister said, "The intention is not revenue generation but simplification. So that no one has confusion on it."

It is important to reach to the farmers and today they require better inputs, technology and high-quality seeds. The 109 seeds that have been developed by the Indian scientist will be given to the framers by the government. The government is also looking at giving input support to the farmers.

The government is working with private sector by offering them incentives to offer jobs to the youth, said Nirmala Sitharaman. The government is also working with the companies to provide ITI training to the youth in the state. She also said that one crore youths will directly benefit as the government will talk to over 500 companies to offer them job through CSR.

Talking about the angel tax T.V. Somanathan, Finance Secretary said that hardly anything was collected through it and the number of people subject to the tax was small. He further added that there are other alternatives to Angel Tax in the IT rule.

The first three employment schemes are for the people recruited in the private sector, said T.V. Somanathan, Finance Secretary making the involvement of the companies very passive. He further said that they are not being directed to recruit anyone and have no obligation to do anything.