New Delhi (PTI): Prime Minister Narendra Modi asserted on Thursday that the Union Budget presented by Finance Minister Nirmala Sitharaman offers the "guarantee" of strengthening the foundation of a developed India.

In a televised address following the budget, he said it will empower the four pillars of developed India, namely the young, poor, women and farmers.

"This is a budget of creating India's future," he said, adding that it is a reflection of the young aspirations of a young India.

Citing the announcement of Rs 1 lakh crore fund for research and innovation, he noted that the "historic" budget has also offered rebates for start-ups. It has provisions for a huge capital expenditure of Rs 11.11 lakh crore while keeping the fiscal deficit under control, he said.

The budget empowers the poor and middle class and will create countless employment opportunities for the youth, he said.

 

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Kalaburagi: Two years after being expelled from the Janata Dal (Secular), former minister C.M. Ibrahim has announced that he will launch a new regional political party in Karnataka on January 24, reported Deccan Herald.

Speaking at a meeting organised by the Nava Karnataka Nirmana Andolana in Kalaburagi on Sunday, Ibrahim confirmed the birth of the new party.

The 77-year-old politician stated he would soon be meeting with other like-minded individuals to choose a symbol for the party.

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Ibrahim emphasised that the organisation would be guided by the principles of 12th-century social reformer Basavanna and the architect of the Indian Constitution, Dr. B. R. Ambedkar.

A veteran politician, Ibrahim served as Union Civil Aviation Minister during the tenure of H.D. Deve Gowda as Prime Minister and later headed the Karnataka unit of the Janata Dal (Secular). He was expelled from the JD(S) in 2023 on charges of anti-party activities.

His exit from the party followed sharp differences over the JD(S) decision to ally with the Bharatiya Janata Party (BJP). As the then state president of the JD(S), Ibrahim had publicly criticised the alliance, claiming it was finalised without his knowledge. He had also reportedly convened meetings of his supporters and expressed support for the INDIA bloc.