Union budget 2020-21 aimed at boosting income and purchasing power of people: Anurag Thakur
Terms it as new decade budget for new India
Dharamshala: Calling it the new decade budget for the new India, MoS Finance Anurag Singh Thakur said, “This is a budget for the New India and with the progressive vision of making it inspirational, development oriented and caring for one and all in the society, this is one of the best pro people budget presented so far. Every strata of the society has been taken well into consideration and major reforms have been undertaken benefiting youth, women, farmers, investors and middle class.”
In a press release MOS said, “Sh.Narendra Modi led Government believes in 'sabka sath, sabka vikas’ and to ensure the same, I along with Hon’ble Finance Minister Smt. Nirmala Sitharaman ji have been meeting a host of stakeholders across sectors and genres, seeking for their suggestions and inputs. The same were taken well into consideration and the efforts were made to ensure that this budget is good for all, good for the people and the country. The theme of aspirational India - better standards of living with access to health, education and better, jobs for all sections of the society, Economic Development for all - “Sabka Saath, Sabka Vikas, Sabka Vishwas” and Caring Society - both humane and compassionate; Antyodaya as an article of faith, is testamony to the holistic approach of the Union Budget 2020-21.”
Adding further he said, “The budget is aimed at boosting income and purchasing power of people. Keeping the same in mind, middle class has been given top most priority. The new tax regime has been proposed to provide significant relief to the individual taxpayers wherein income tax rates have been significantly reduced for the individual taxpayers. This will not only give a boost to the middle class but also contribute towards laying the foundation for India to become an economic powerhouse.”
“We are committed to double farmers income by 2022 and major initiatives have been proposed for the same. With the advent of ‘Kisan Rail’ and ‘Krishi Udaan’ to be launched by Indian Railways and Ministry of Civil Aviation respectively for a seamless national cold supply chain for perishables, this too will serve beneficial as it will aid farmers in facilitating smooth and fast transport of perishable goods.”
“Health sector has been given the required impetus with investment of Rs. 69,000 crore and reiterating the commitment of making India TB Free by 2025. I am happy to share that this vision of Prime Minister Sh. Narendra Modi was supplemented in 2017 under the same name - TB Harega Desh Jeetega wherein I spearheaded a TB summit and awareness cricket match between lawmakers and celebrities in Dharamshala. A similar campaign was held in New Delhi in February 2019 that witnessed participation from Chief Ministers, Lawmakers, Health experts, celebrities, etc.
“Giving a boost to the aspirations of the youth, Government has announced an allocation of Rs. 99,300 crore for Education Sector and Rs. 3,000 crore for Skill Development to ensure that talent meets opportunity.”
“The grant of 100% tax exemptions for sovereign wealth funds for their investments in infrastructure sector is expected to give a boost to the infra investments in India. In addition to this, abolition of Dividend Distribution Tax (DDT) will serve beneficial to the global yield-seeking infrastructure investors in India.”
The Union Budget 2020-21 is receiving widespread appreciation across sectors.