India will see its second Union Budget in seven months after Narendra Modi government 2.0 stormed into power. (Photo Credit: Composite Image)
New Delhi:
Ahead of the presentation of Union Budget 2020 by Finance Minister Nirmala Sitharaman in Lok Sabha, Congress leaders are up in arms against the government and seeking measures to revive the economy. Rajasthan CM Ashok Gehlot said entire nation is looking at them (government) and expects concrete measures to revive economy to deal with job crisis.
As Govt presents #Budget2020 today, entire nation is looking at them that there wud b some concrete measures to revive economy,to deal wd job crisis, to provide relief to farmers n for revival of small scale industries & measures to generate employment for unskilled labour force.
— Ashok Gehlot (@ashokgehlot51) February 1, 2020
“Budget 2020 is the time for NDA govt to provide a healing touch to common people & industries, who have been facing hardships since note ban. Hope the budget fulfills expectations of common people and provide relief across sections”, adds Gehlot.
Also Read: Union Budget 2020: What Household Sector Can Expect From Modi Government This Year
Congress spokesperson Randeep Surjewala launched tirade against the government for ‘giving Corporate Tax Cuts’. He demanded the government to offer tax cuts to salaried class and invest in Rural India.
Budget2019=
— Randeep Singh Surjewala (@rssurjewala) February 1, 2020
Consumption crashed,
Unemployment soared,
Farm distress surged,
Incomes declined,
Investments slumped,
Public spending fell,
GDP nose dived!
Yet, Modiji gave Corporate Tax Cuts of ₹1,45,000Cr
Let #Budget2020 give tax cuts to Salaried Class & invest in Rural India
Moreover, Congress’ Jaiveer Shergill demanded the govenment to address concerns like rise in debts, NPA crisis. Making a veiled attack at Anurag Thakur’s ‘ Goli Maro’ remark, Shergill added Budget 2020 should “maro goli” to rising unemployment, rising farmer suicides, rising poverty driven suicides, rising tax terrorism, rising fuel prices, rising inflation, rising input costs, rising bank frauds & not turn out to be “Goli Maro Indian Economy Ko” exercise.”
#Budget2020 should address following concerns:
— Jaiveer Shergill (@JaiveerShergill) February 1, 2020
1. How 71% rise in debt on Nation in last 5 years will be reduced?
2. How ₹2.70 Lac crore lost in bank frauds will be recovered?
3. How Govt justifies ₹5Lac Cr worth of ‘written off’ loans?
4. How 3x NPA rise will be arrested?
India will see its second Union Budget in seven months after Narendra Modi government 2.0 stormed into power. Modi government will seek to boost the economy and placate consumers hit by growing inflation.
Also Read: Several Announcements Likely To Boost Private Sector Industries
Finance Minister Nirmala Sitharaman is expected to present a "feel-good" Budget which may include steps like higher spending in social sectors and possible tax cuts on personal income.
Modi government is expected to announce measures to restore economic growth and to set out a clear road map for achieving the ambitious target of USD 5 trillion economy by 2025.
