Finance Minister Nirmala Sitharaman announced the Union Budget in the Parliament for the financial year 2024–25 earlier today.
The Finance Minister’s speech highlighted the government’s commitment to making India a leading global travel destination through targeted investments and strategic initiatives.
By prioritizing the development of iconic spiritual and cultural sites, along with promoting natural and scenic beauty, the government aims to attract both domestic and international tourists.
Major Highlights:
> Vishnu Path and Mahabodhi Temple Corridors, both located in Bihar, will undergo comprehensive development, modelled after the successful transformation of the Kashi Vishwanath Temple Corridor.
> The government will support the development of Nalanda as a major tourist centre and work to restore Nalanda University to its historical glory.
> A comprehensive development initiative will be undertaken for Rajgir, known for its ancient Jain temple complexes and sacred hot springs.
>Odisha will be promoted for its potential as a prime destination for both religious and beach tourism.
>The budget also outlined three major economic railway corridor programmes under the PM Gati Shakti initiative to improve logistics networks and reduce costs.
> Additionally, 40,000 rail bogies to be upgraded to Vande Bharat standards.
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