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Created: 01 February 2020

• Budget 2020 is pro-middle class, pro-corporate

JAMMU: Bharatiya Janata Party (BJP) State Executive Member Raman Suri today said that Finance Minister Niramala Sitharaman has introduced a pro-middle class and pro-corporate sector budget that’s based on three themes of aspiration, economic development for all and a caring society. The budget, he added will improve living standards of people where they will have better access to health care schemes, good education system and better jobs for all sections of the society. 

He said that Union Government for the past five years is working to establish India as an honest nation around the globe to attract foreign investment. India is preparing for a larger canvas where investors from other countries are eager to invest and create employment. This budget is aimed at creating that platform. 

Raman Suri said biggest achievement of this Budget 2020 is tax concessions for all income groups and assurance of doubling income of farmers in next couple of years. He said this budget once implemented will boost agriculture sector, improve irrigation facilities and lay emphasis on rural development. Special emphasis has also been laid on people’s wellness and sanitation besides potable water that’s going to flow from taps in every home in just a few years from now. 

Keeping in line with Prime Minister Narendra Modi’s programmes and policies the finance minister has kept special provisions for education and skill development programmes so that people could get jobs easily. Main slogan of government “Sabka Saath, Sabka Vikas, Sabka Vishwas” is sure to develop a strong economy. Raman Suri said that unless society becomes humane and compassionate nothing can be achieved for which union government has laid focus on Antyodaya scheme and the budget aims to meet hopes and aspirations of all the sections of society.

Appreciating Union Government for formalisation of economy, Raman Suri said that projects like Rs. 100 lakh crore infrastructure pipeline projects, affordable housing scheme, DBT and Ayushman Bharat, 100% deduction for 3 consecutive assessment years for Start-ups with turnover up to Rs. 100 crore, increased depositor insurance to Rs. 5 lakh from current Rs. 1 lakh, National recruitment agency and new common entrance test for non-gazetted government jobs and public sector banks are all aimed at striving to bring ease of living for every citizen of India. 

He said decision asking Urban Local Bodies to provide internships for young engineers for a period of up to one year, Five New Smart Cities, Rs 1.7 lakh crore allocated to improving transportation system, and setting up of 100 more airports by 2024 to support UDAAN scheme besides accelerating development of highways like completing Delhi-Mumbai expressway and two other projects by 2023 and starting Chennai-Bengaluru Expressway will not only build a strong infrastructure in India but also help save fuel besides giving people a well connected network of cities to boost economy.

Raman Suri also appreciated allocation of Rs 2,500 crore for tourism promotion and setting up of an Indian Institute of Heritage and Conservation under Ministry of Culture with the status of a deemed University. He said that in nutshell the budget is going to strengthen fundamentals of economy strong, contain inflation and clean up accumulated losses of banks which in turn will improve the life of the people considerably. 

Cash reward system envisaged to incentivise customers to seek invoice, reduction of tax on cooperative societies, Tax holiday for affordable housing, selling part of LIC holding, more Tejas-like trains for tourists, solar pumps for 20 lakh farmers, Rs 3.6 lakh crore for water sanitation and pipeline project besides Rs 12,300 crore for Swachh Bharat and a whooping Rs 69,000 crore for healthcare sector are all aimed at improving quality of life of people of India, he added.