This is a budget for all Indians: Narendra Modi
New Delhi, Feb 1 (IBNS): Praising his government's budget, Indian Prime Minister Narendra Modi on Friday described it as a 'budget for all Indians'.
"Government's programmes have helped in reducing poverty at a rapid rate," he said.
"Lakhs of people are defeating poverty and joining the middle-class section of the society," he said.
Modi said: "From housing to healthcare, several aspects have been touched in the Budget."
He said the development initiatives of the central government have touched several lives.
"I congratulate the middle class for the relief in taxes thanks to the Budget presented today," he said.
This is a #BudgetForNewIndia and for all Indians. Watch my take. https://t.co/eAsPXMk1Dr
— Narendra Modi (@narendramodi) February 1, 2019
In a poll-bound India budget that aimed at reaching out to all sections of the voters, Finance Minister Piyush Goyal on Friday presented an interim budget that promised the distressed farmers of assured yearly income and announced attractive tax benefits for the middle-class groups.
Modi said the Budget was also made by keeping the Indian farmers and their requirements in mind.
"For years, many initiatives have been initiated for farmers but sadly, lot of farmers never came under the ambit of these schemes. The PM Kisan Nidhi will help those farmers who have under 5 acres of land. This scheme is a historic step for farmer welfare," he said.
Amid the opposition Congress' announcements of farm loan waivers in states they won polls and income support promises, the Narendra Modi-led National Democratic Alliance (NDA) government took the rivals' bullish campaign by horn.
Piyush Goyal proposed yearly income of Rs. 6000 per annum assured under PM Kisan scheme targeting 12 crore small and marginal farmers and a rise in the income tax exemption limit to Rs. 5 lakh as he presented the National Democratic Alliance Government's sixth and final budget on Friday.
He said an outlay of Rs. 75,000 crore for FY 2019-20 with additional Rs. 20,000 crore in RE 2018-19 has been approved in the Budget.
He also announced the outlay for Rashtriya Gokul mission increased to Rs 750 crore.
According to the budget proposal, which obviously aims at the 2019 Lok Sabha polls, standard deduction is to be raised from Rs. 40,000 to Rs. 50,000 while salary earners of up to Rs. 6,50,000 income are not to pay tax if they make tax related investments.
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