JAMMU, Feb 2: There has been mixed response to the budget 2017-2018 presented by Union Finance Minister, Arun Jaitely in Parliament yesterday.
While BJP hailed the budget saying that this was one of the best budgets presented so far, the Congress and Low Paid Employees Federation described it disappointing and inflationary respectively.
In a statement BJP State general secretary (Org), Ashok Kaul while appreciating the various aspects of the budget said this is the best budget as compared to previous budgets. “The motive is to improve the basic infrastructure and health care facilities, extending basic amenities to the ignored and far flung areas, helping the weaker families to improve their economic lot, strengthening the Panchayats, construction of highways and checking the price rise in the country and boosting digitalization process’’.
Kaul said the budget will usher a new era of development and prosperity as more attention was paid towards development of weaker sections, farmers and women.
However while commenting on the budget the chief spokesman of JKPCC, Ravinder Sharma described the Union budget 2017 totally disappointing for the common man in the country and the people of J&K.
Reacting to the budget Sharma said that Modi Government had claimed that demonetization will bring drastic change in the overall economic scenario in the country and there was great expectation of common man from the Government. But the budget proposal is totally disappointing for almost all sections of the society, especially poor and common man as there is no direction in the budget to control prices of all commodities.
Abdul Majid Khan. president All J&K Low Paid Employees Federation while criticizing the budget described it inflationary anti people and anti working class as nothing has been done to arrest the price rise of essential goods of daily consumption causing serious financial hardships for the people.
He said besides, marginal raise in Income Tax exemption limit has disappointed the salaried class who are hard pressed on account of inflationary trend prevailing since early nineties in the grab of economic reforms ushered in by the exploiting ruling classes on the behest of World Trade Organization (WTO).
Sheikh Imran, Chairman of CII J&K State Council while welcoming the budget said Union Finance Minister, Arun Jaitely has presented a comprehensive, smart and transformative budget.
He further said “for a State like J&K, where agriculture and SME’s are the backbones of economy, it is a pretty favorable budget. The budget reduced Corporate Income Tax rates for medium and small enterprises there by bringing cheer to the large majority of companies with turnover of less than Rs 50 crore, while stimulating employment and entrepreneurship. Another important feature of the Budget which is set to transform the Indian economy is “doubling farmers’ income, which is very crucial for the agrarian states like J&K, he added.
Besides, it increased investment in infrastructure, rural economy and affordable housing will boost demand in the economy and help generate employment. Budget 2017-18 has allocated a total of Rs 3,96,000 cr for the infrastructure sector. The vision of making the Indian Railways end-to-end transport solution provider will make it competitive and help the Railways in regaining leadership share in the transportation sector, he said. The other announcements related to the infra sector such as New Metro Act to promote Metro system in cities, opening of airport operation & maintenance in Tier II cities on PPP basis, second phase of Solar Park development to be taken up for additional 20,000 MW are steps in right direction” he added.