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PM Modi says this budget will bring lot of positive changes in industry, investors and infrastructure sectors

Prime Minister Narendra Modi has said that this budget will bring a lot of positive changes in industry, investors and infrastructure sectors. Calling it historic, Mr Modi said the vision of self reliance can be seen in the budget. He said the proactive budget, which focused on health and wellness will help all. Mr Modi said, the budget will also generate employment opportunities for youth. Prime Minister said, several changes have been made, which is set to help growth and job creation in the country. He said, this budget has categorically made announcements to ease and make lives of women better.

Mr Modi said the government has taken the approach of widening new opportunities for growth, new openings for youth, a new high to human resources, develop new regions for infrastructure, walking towards technology and bring new reforms in this Budget.

Prime Minister said, this budget focuses on sectors that are related to both wealth and wellness. A special focus has also been on infrastructure and MSMEs. He said, the budget for MSME has seen an increase of more than double compared to last year.

This budget is walking the road of Aatma Nirbharta which leads to the progress of every Indian. Mr Modi said, this budget lays a foundation of the decade. He said, this budget emphasizes on increasing the ease of living in the lives of common people by simplifying rules and procedures. The government, while keeping in sync with fiscal sustainability, stressed on increasing the budget size and did not put pressure on the citizens. He said, the government has always tried to keep the budget transparent.

Information and Broadcasting minister Prakash Javadekar said this budget fulfils the aspirations of all  sections of society. Niti Aayog CEO Amitabh Kant hailed the budget and termed it as a pro-common man financial measure. He said no new provisions of taxation has been included in this budget.

Welcoming the budget, Health minister Dr Harsh Vardhan said lot of provision has  been made for the health sector. Dr Vardhan said healthcare sector got a major boost in the budget.

Union Minister Dharmendra Pradhan has said that the Union Budget 2021-22 is a win-win for all and will ensure the welfare of every section of the society. He said that the Budget of the Atmanirbhar Bharat will act as a provider, enabler and catalyst for a more resilient recovery and sustainable economic growth. Mr. Pradhan  said, the Budget will strengthen the ‘Sankalp’ of nation-first by delivering to every section of society-farmers, youth. women, children,elderly and labourers. He said the budget is an expression of the faith of 130 crore Indians in our country’s potential.

Union Minister of State for Animal Husbandry, Dairying and Fisheries and MSME, Pratap Chandra Sarangi described the  Budget as progressive. He said  the budgetary focus on MSMEs, health sector, agriculture and rural development is commendable.

Economists, banking and tax experts are lauding the budget proposals presented by Union Finance Minister Nirmala Sitharaman today.

Speaking to All India Radio, President of IMC Chamber of Commerce and Industry, Mr. Rajiv Podar said it is a  growth oriented budget as was being demanded by the industry.

IMC’s former President Bhavana Doshi said the budget has ensured stability in the tax regime, adding that there has been no COVID cess.

Stating that it is a very balanced budget, Chairman, IMC International Business Committee, Dinesh Joshi said budget proposals regarding infrastructure, health and MSME will boost the industry.

Mahendra Kumar Chauhan, a banking expert hailed the announcement made with regard to disinvestment, privatisation of PSU banks and increasing FDI in insurance.

Ajit Mangrulkar, DG, IMC said it is a well-planned budget focused on healthcare and infrastructure.

As the stock markets soared post the budget announcements, the Managing Director and CEO of Bombay Stock Exchange. Mr. Ashishkumar Chauhan said it is a visionary budget and the markets are buoyant as no new taxes and levies have been imposed. He said the rationalization of tax structures for Foreign Portfolio Investors, Infrastructure Investment Trust and Real Estate Investment Trusts will also help attract more funds. He added that tax efficient zero coupon bonds for infra financing will bring in significant flows and enhance the role of the capital markets in nation building.

 

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