New Delhi | Prime Minister Narendra Modi, has spoken on the Union Budget for 2019-20 which was presented by Finance Minister Nirmala Sitharaman today in the Lok Sabha.
Addressing the public, PM Modi said,” This budget will strengthen the poor, and the youth will benefit from a better tomorrow”.
“The middle class will progress with this budget, development work will expedite even more. The tax structure will simplify and infrastructure will modernize”, he added.
He also said that the Budget is a roadmap to transform the agriculture sector.
“This budget is one of hope”, he claimed.
Meanwhile, Union Minister for Road Transport & Highways Nitin Gadkari has also reacted to the budget. He said, “In the making of New India, Finance Minister has given utmost priority to infrastructure. The budget of our dept in 2018-19 was Rs. 78,626 crore, now it is over Rs. 83,000 crores”.
Uttar Pradesh Chief Minister Yogi Adityanath praised the Finance Minister for “fulfilling the expectations of the country”.
He said, “It is for the first time since independence that a full-time woman finance minister has presented the Union Budget. I want to congratulate her. The budget fulfils the expectations of the people of the country”.
Among other things, Finance Minister Nirmala Sitharaman said PAN and Aadhaar have been made interchangeable, allowing those who do not have PAN to file income tax returns.
Presenting the first budget of the Modi government in its second term, Sitharaman said Aadhaar card for NRIs with Indian passports will be issued after their arrival in India, without waiting for the mandatory 180 days.
Sitharaman said with a view to incentivising investment in GIFT City, the government proposes several tax benefits.
The finance minister further added,”India is a job creator as well as a wealth creator and called for a public-private partnership to develop rail infrastructure.” 657 km of the metro rail network has become operational across the country while railway infrastructure will need Rs 50 lakh crore investment till 2030,” she added.