Friday, September 30, 2022

Promising, proactive, progressive budget: Defence Minister

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New Delhi: The first Budget of the new decade presented today by Finance Minister Nirmala Sitharaman gives an outline of a New and Confident India. It is a promising, proactive and progressive Budget which will make India healthy and wealthy in coming years” said Defence Minister Rajnath Singh in his post-budget remark in New Delhi on Saturday.

The minister said “the Budget 2020-21 has a clear focus on the welfare and development of all sections of our society and gives special attention to farmers and promoting ease of living in India. The measures announced today will certainly spur growth and create new job opportunities”.

‘Investment-friendly budget’

“The Union Budget is not only investment-friendly but it will go a long way in doubling the farmers’ income and unshackling the Indian industry. It also promises the investors, taxpayers and wealth creators a predictable environment by assuring them of protection against tax harassment” he added.

Singh termed the new tax reforms introduced in the Budget as extremely progressive, bold and unprecedented in nature. “The new tax regime will reduce the tax burden on the common man. It will pave the way for an efficient tax system, in sync with the best practises in the world”, he said.

No mention of ‘defence budget’ or ‘defence’ in RM’s reaction

Praising the budget like the one that has strategic allocations for agriculture, education, health, water, sanitation and skill development the Defence Minister said “policy intervention in new tech economy is indeed a welcome move, investments in these areas will build a strong foundation for a New India based on the knowledge-driven economy”.

Despite the fact that there is a lack of fiscal headroom to pursue fiscal expansion the Budget has done a wonderful job at this juncture. Under the leadership of Prime Minister Narendra Modi, the nation aspires to be a 5 Trillion economy. The Budget today has emphatically laid down this goal to be achieved by 2024-25″ he added.
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The word ‘Defence’ finds no mention in Raksha Mantri Rajnath Singh’s reaction to the union budget, sadly though.

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