The budget presented on Feb 1, 2021 for the next fiscal year beginning from April 1, 2021 in Parliament, has evoked mixed reaction across the country. For the first time the budget went paperless and members were provided soft copies of the speach and documents. Some members in Opposition said it was a vengeful act against the thousands of farmers who took out tractor rally on Jan 26th, 2021.
Some described budget a cruel blow to federalism because the States do not get a share of the revenue from cases. Many people described budget a cruel blow to the average citizen including farmers. The Opposition has criticized for the sake of criticism as we are in know of the fact Indian economy stood derailed in view of the Covid-19′ pandemic. That is why a sharp increase in the expenditure on infrastructure doubling of healthcare spending and raising of cap on foreign investment like measures have been earmarked in the budget by the FM. This budget has put a lot of emphasis on strengthening the farming sector and increasing farmers income as well while making allocations to empower agriculture mandis in the country.
The senior citizens above 75 years of age are exempted from filing annual IT returns to give them relief from extra burden of avoidable obligation. The mention of gas pipeline for Jammu and Kashmir and University for Ladakh are visionary announcements expressed by the FM in the Budget 2021. Building ‘Atma Nirbhar Bharat’ as envisaged by the PM of India. The budget depicts overall growth and progress of the country.
S. N. Raina