Tuesday, October 20, 2020
Home Economy and Finance Union Budget 2018: Who said what

Union Budget 2018: Who said what

Finance Minister Arun Jaitley presented the annual budget for the session 2018-19 during the Budget Session of the Parliament. Prime Minister Narendra Modi and other leaders of the BJP hailed it as a significant reform while opposition parties as expected criticized the budget for not paying heed to the concerns of the middle class. The middle class is disappointed with the budget for not awarding them a tax cut and introducing a long term capital gains (LTCG) tax on investments. The budget displayed Modi Government’s intent of taking the economy forward without handing out SOPs which was the Congress strategy all along and summarised an ambitious plan for ‘New India’.

Expectedly, the opposition, which thrives on negating any and every positive step by the Modi Government and likes to function as not constructive, but destructive opposition, slammed the government for this budget. Rahul Gandhi, President of the Congress Party, commenting on the budget said “thankfully, only 1 more year to go”.

Manish Tewari of the Congress said the government was only paying a lip service to the concerns of the farmers.

Nitish Kumar, Chief Minister of Bihar and ally of the BJP, congratulated the government on the budget and believed the announcements made on the budget will be a boost to the health and agricultural sector.

Yogi Adityanath, Chief Minister of Uttar Pradesh also congratulated the government on the budget and appreciated that the concerns of farmers and senior citizens have been taken care of in the budget.

TDP, which has recently spoken of some tensions with ally BJP, did not have nice things to say about the budget. The Finance Minister of Andhra Pradesh said the concerns of his party were not paid heed to in the budget.

However, President of the Bharatiya Janata Party hailed the budget and said it was in the true spirit of the government’s motto of ‘Sabka Saath Sabka Vikaas’.

All in all, the reactions to the budget have been nothing out of the ordinary. The government hailed it as an exceptional budget, the opposition could not find a single positive with it and as usual, the middle class was left disappointed.

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Staff reporter at OpIndia

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