Narendra Modi
Budget will bring several positive changes: Narendra Modi
New Delhi: Indian PM Narendra Modi on Monday appreciated the Union Budget presented by Finance Minister Nirmala Sitharaman and said it has the vision of self-reliance and features every section of the society.
He said the budget will bring several positive changes for individuals and others.
"This budget will bring several positive changes for individuals, investors, industry and infrastructure sector," Modi said.
"The budget presented today shows India's confidence and will instil self-confidence in the world," the PM said after the presentation of the budget by the FM.
He said his government focussed on presenting a transparent budget.
He said: "We have taken the approach of widening new opportunities for growth, new openings for our youth, a new high to human resources, develop new regions for infrastructure, walking towards technology and bring new reforms in this Budget."
Amid the pandemic and riding on the call for a self-reliant (Atmanirbhar) India, Union Finance Minister Nirmala Sitharaman presented a budget with substantial focus on healthcare and vaccine, while exempting pensioners above 75 years from filing Income Tax, keeping the personal IT unchanged and announcing infrastructural funds for poll-bound states like Tamil Nadu, West Bengal and Kerala.
Delivering her budget amid Covid-19, the Finance Minister announced Rs. 35,000 crore for Covid-19 vaccines this year.
She stressed that two more indigenous vaccines, apart from Covishield and Covaxin, will be available in the market to combat the contagion.
In another push for privatisation, Sitharaman on Monday announced a strategic disinvestment in two public sector banks other than IDBI Bank and one insurance company in the next fiscal year.
"Disinvestment target in FY 2021-2022 is 1.75 lakh crore," she said.
"Rs 20,000 cr for recapitalisation of govt banks," she added.
"All disinvestments of BPCL, CONCOR, Pawan Hans, Air India to be completed in FY 2021-2022," the FM said.
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