Picture : ANI / X
Prime Minister Narendra Modi lauded the Union Budget as a “people’s budget” that fulfills the dreams of every Indian and said that it is a “force-multiplier” that will boost consumption, investment and growth.
According to PTI, In televised remarks after Finance Minister Nirmala Sitharaman presented the Budget in the Lok Sabha, Modi highlighted a host of measures for different sectors and noted that budgets generally look to fill the government’s treasury but this one seeks to put more money in people’s pockets and increase their savings.
This Budget focuses on making people a partner in India’s development journey, he said, describing it as a historic and important milestone on the road to the country’s progress. It lays the foundation for attaining these goals, he added.
“The Budget lays a strong foundation to increase savings and make citizens partners in development,” Modi said, adding that its welfare initiatives for gig workers underscore the government’s commitment to the dignity of labour.
He said the measures presented in the Budget for the manufacturing sector will allow Indian products to shine globally.
The tax relief will provide big benefits to the middle class and salaried employees, he said, adding the Budget announcement that those earning up to Rs 12 lakh will have to pay no income tax will present those entering the job sector with a big opportunity.
The prime minister praised the “historic” decision to promote the private sector in nuclear energy, saying civil nuclear energy will ensure a significant contribution to the country’s development in the future.
Stressing that the Budget has prioritised all employment generating sectors, he highlighted two key reforms, including granting infrastructure status to shipbuilding that will boost the construction of large ships in India and accelerate the ‘Atmanirbhar Bharat’ programme.
Including hotels in 50 tourist destinations under the infrastructure category will provide a major fillip to tourism, Modi said, noting that the hospitality industry is the largest employment sector.
He said the country was progressing with the mantra of ‘Vikas bhi, Virasat bhi’ (development as well as heritage).
