Union Minister Dr. Jitendra Singh described Budget 2025 as a futuristic budget
Union Minister Dr. Jitendra Singh has hailed the Union Budget 2025 as a groundbreaking initiative that aims to transform India’s nuclear sector. He emphasized the government’s commitment to involving private players in this vital area, a move he believes will astonish the global community. Drawing parallels with the successful opening of the space sector to private enterprises, Dr. Singh expressed confidence that similar outcomes could be expected from the nuclear sector. This budget not only reflects the government’s sensitivity to the needs of the middle class but also showcases a futuristic vision for India’s development.
A Futuristic Vision for Nuclear Energy
Dr. Jitendra Singh described the Union Budget 2025 as a significant leap towards a developed India by 2047. He pointed out that the budget includes provisions for a Nuclear Mission, Small Modular Reactors (SMRs), and a Green Tech Mission. These initiatives are designed to enhance India’s position in the global energy landscape. The Minister noted that the proposed amendments to the Atomic Energy Act will allow private sector participation, a strategy that has proven successful in the space sector.
The Nuclear Energy Mission aims to generate 100 Gigawatts of nuclear energy by 2047. This ambitious target sends a strong message to the world: India is ready to lead in nuclear energy rather than follow. Dr. Singh emphasized that while the benefits of these initiatives may not be immediate, they will gradually reshape global perceptions of India’s capabilities in nuclear energy. He believes that this approach will not only contribute to India’s economy but also position the country as a pioneer in green energy solutions.
Middle-Class Relief and Citizen-Centric Measures
The Union Budget 2025 has been praised for its focus on the middle class. Dr. Singh highlighted various measures aimed at providing relief to taxpayers, including duty exemptions on essential life-saving drugs. He described the budget as citizen-centric, emphasizing its commitment to improving the ease of living for ordinary citizens. The budget’s provisions reflect a balance between technological advancement and traditional values, ensuring that all segments of society benefit from economic growth.
In addition to tax relief, the budget allocates significant resources for technological initiatives. The introduction of Small Modular Reactors (SMRs) is expected to revolutionize energy production while supporting the agricultural sector. With a budget allocation of Rs. 20,000 Crore for SMRs, the government aims to establish at least five reactors by 2033. This initiative will not only enhance energy security but also provide farmers with access to advanced technologies, ultimately improving agricultural productivity.
Boosting Innovation and Research
Dr. Jitendra Singh also emphasized the budget’s commitment to fostering innovation and research. The government plans to increase support for startups with an additional Rs. 10,000 Crore allocated to the Fund of Funds for startups. Furthermore, the budget includes provisions for establishing 50,000 Atal Tinkering Labs in government schools over the next five years. This initiative aims to inspire creativity and innovation among students, preparing them for future challenges.
The budget also allocates Rs. 20,000 Crore for research and development, signaling a strong commitment to technology-led growth. The PM Research Fellowship scheme will provide 10,000 fellowships over the next five years at prestigious institutions like IITs and IISc. Additionally, the establishment of the National Geospatial Mission will enhance foundational geospatial infrastructure, facilitating better urban planning and infrastructure development.
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