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Budget for Raees, Presenter not Kaabil

The Finance Minister has not provided much relief to middle class and poor people who were affected due to demonetisation.

The budget presented by Finance Minister Arun Jaitley has evoked mixed response from opposition parties, Businessmen and Mumbaikars. Congress attacked the Modi government and said that budget lacks vision and won’t promote growth. Mumbaikars too were expecting that Jaitley would announce various schemes for the middle class and poor people who had faced huge hardships due to demonetisation. Besides a change in income tax slabs no other announcement has been made by the finance minister which would bring cheer to the common man. Afternoon Voice spoke to political leaders, businessman and residents of Mumbai to know about their reaction about budget. Here is what they said:-

Leader of the Opposition in state Assembly, Radhakrishna Vikhe Patil said, “This budget is for Raees people and the government has ignored the common man. This government is not Kaabil to deliver justice to the common man. After watching the Dangal of Shiv Sena-BJP and the lacklustre budget, I am sure that the BJP led government will go into ventilator after the BMC election. The budget is like Mungeri Lal Ke Haseen Sapne and lacks vision. Already former Prime Minister Manmohan Singh has stated that India’s GDP will fall 2 per cent due to demonetisation. Prime Minister Narendra Modi had asked the nation to face hardships for 50 days due to demonetisation but Arun Jaitley has said that it will take one year for India to recover from note ban issue.”

Former Maharashtra Chief Minister Prithviraj Chavan said, “We have been talking about accelerating growth and GDP but no results are visible. No steps have been taken to augment irrigation. The government had also said that it will speed up irrigation projects but not headway has been made.”

Maharashtra Congress Chief, Ashok Chavan said, “Arun Jaitley’s budget has disappointed the common man. He has made several announcements for the corporate sector but has sidelined the common man. They have not waived farm loans. Jaitley has not announced any steps to ease the pain of small traders, farmers and common man who have been affected due to note ban.”

BJP MP Kirit Somaiya said, “How many funds have been disbursed by Congress during its reign for MNREGA. We have allocated funds for MNREGA, small scale and agriculture sector.  The Congress government has only been making promises but have failed to fulfil them during its reign. We have taken good steps like demonetisation which will prove beneficial for the country in the long run. People will have to bear short term pain due to note ban.”

Sanjay Jalona, MD&CEO, L&T Infotech said, “One key take away from the Union Budget is that technology will continue to play a pivotal role in governance as well as the ecosystem of the nation. Overall, the budget is well balanced and new initiatives such as SWAYAM, imparting education on foreign languages under Skill India, AADHAR enabled payments, augur well in skill development and digitalisation. On direct tax front, extending period of MAT credit, additional favourable measures for start-ups to foster innovation, concessional tax rate for Small and Medium Enterprises are all welcome moves.”

Dr Sudhir Dhone said, “The budget has not announced any measures for farmers. Finance Minister should have provided some relief to farmers who are ending their lives due to debt burden. No steps have been taken to create employment. The government has ignored the middle class and instead has announced sops for the corporate sector.”

Mohan Gawde, Deputy Director Confederation of Indian Industry (WR), “I would like to compliment our Hon’ble Finance Minister for the pragmatic budget presented by him. Overall this Union Budget is very positive in 2-3 areas. One is focus on rural economy. Number two is focus on enhanced infrastructure spending. Number three is focus on jobs creation due to employment generated by SMEs who do get some tax breaks. The conscious thrust on empowering the rural population, women, poor and underprivileged and youth reflects the inclusive nature of the budget. This Budget takes a step ahead towards a clean India, which implies stringent compliance and I think it is better for all citizens.”

Sumit Sethia an accountant with a real estate firm in Goregaon said, “I am disappointed with the budget announced by Arun Jaitley. I was expecting that the income tax exemption will be raised to 3.5 lakh but it has only been enhanced to 3 lakhs. He also has not increased the deduction of interest paid on housing loan.”

Rahul Singh a web developer employed with a software firm in Malad said, “The finance minister could have announced more schemes for middle class and poor people who were affected due to demonetisation. Even though transportation cost has increased he has not increased the conveyance allowance.”

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