Prime minister Narendra Modi has praised the first budget presented by the fimnance minister Dr. Nirmala Sitaraman after the formation of the NDA 2 government, terming it as prosperous which makes every person of the country self reliant.
Prime minister Narendra Modi in a vedio posted in his twitter handle said that the budget would strengthen the poor of the country and accord the youth an enlightened and prosperous future.
He also ensured that the budget will provide the people of the middle class progress and prosperity.
Terming it as a development oriented budget prime minister Narendra Modi added that not only will the budget simplify the tax structure but will also lead to modernisation of the infrastructure.
Praising his new governments first tenure prime minister Narendra Modi said that the people of the country and their lives have tremendous expectations from his government and this budget is very much in tune with their assumptions and expectations assuring them fully that their every demand would and expectations would be fulfilled.
It’s give the assurance that its in a right direction and speed and is therefore all set to achieve the true objectives.
He said that this budget would strengthen the industries and the industrialists/ entrepreneur and enterpreneurships, both and also enhance the process of women’s participation in the development process of thr country.
Extremely satisfied and jubilant over the new budget, prime minister Narendra Modi called it a green budget in which the environmental, electric mobility and solar sectors were promptly and especially encouraged.
He said that the previous government under his five year tenure has left behind environment of pessimism behind and is all set to move forward with immense optimism and confidence.
The budget however has increased excise of one rupee each on the petro diesel products, enhanced 2.5 percent tax on silver and gold with additiinal cess on tobacco products.
However on the purchase of a house worth Rs 45 lakhs it has given tax relief on the amount of 3.5 lakh rupees but the middle class got no relief on annual tax exemption.
The income tax limit of five lakh exemption granted in the vote on account budget before the elections however stands applicable with no tax on the yearly income of Rs. five lakhs.
The tax has also been enhanced on the annual income above three and five crores to 3% and 5% respectively.
The Bahujan Samaj Party and Congress party have severely criticized the budget.
The BSP president Mayawati termed the budget of Modi government as the one implemented for encouraging crony capitalism and crony capitalists including the private sector of the country leading to further enhancing the problems relating to unemployment, inflation, poverty, farmers n ruler distress of the poor, marginalised classes, the dalits and the toiling masses of the country.
This budget is anti poor which restricts the economic development of the country added Mayawati in her tweet.
The chief spokesperson of Congress party Randeep Singh Surjewala also criticized the Budget 2019 severely, saying that during the last five years during the Modi government tenure, the excise duty of diesel has been increased by 443% and on petrol by 211%.
By this way his government has earned Rs 13, 00, 000 crores by cutting the pockets of the common men. Now Modi 2.0 has sprinkled petrol like pouring ” salt on the burned injury”.
The budget has by increasing Rs. 2 as excise on petrol and diesal literally broken the backbone of the middle class, farmers and the common men of the country.
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