Corporate sector and common people across the country hail budget proposals. Federation of Indian Chambers of Commerce and Industry, FICCI, has said the Union Budget 2020-21 could be a step towards further empowering individuals, industry and the nation as a whole.
In her reaction on the budget, FICCI President Sangita Reddy said, an individual should be happy because of a reduction in the personal income tax. Ms Reddy said, both the culture of trust and the appreciation are very significant and FICCI will look forward to the execution/implementation of the proclamation by Union Finance Minister Nirmala Sitharaman.
Talking to media, Vice President ASSOCHAM, Vineet Agarwal has termed the budget as good, saying it will kickstart the economy. He appreciated the reduction of taxation on individuals and bringing more money to their hands so that money can be used for consumption.
CII DG Chandrajeet Banerjee has said, the Budget lays a strong focus on the agriculture and rural sector. Talking to AIR News, Mr Banerjee said, there are several initiatives for Ease of Doing Business.
The Union Budget presented today was welcomed by several quarters of the country, especially by the common man. Farmers from UP welcomed the union budget. One farmer from Pilibhit, Lakshman Prasad Verma said that there are many good steps taken for Farmers in the budget which includes the Kusum scheme for solar pumps, Kisan Rail and the aim of doubling of milk production.
Rahul Mehta, President tourism welfare association Varanasi said that many steps are announced in the budget to promote tourism also which will boost the sector. Many Bankers, Professors, housewives and students also welcomed the budget.
Abhimanyu Rishi, founder of a start-up pharma company says that the idea of NBFC funding MSME will be beneficial for start-ups.
Subhash Ram Saha, who works in Public Sector Undertaking in Mumbai says he is happy to know about the simplified tax system as he will able to save a substantial amount of his annual income.
In Assam, Sanjay Pareek of Sivsagar district expressed his happiness on the Union budget.