Interim union budget is on the floor. Many speculation were made, as people are having higher expectations from Modi's govt. Somehow budget is a decent job done by Mr. Jaitely and seems more realistic.
Govt seems committed to tackle the economic problems like inflation, GDP, fiscal deficit, FDI etc. Such changes requires hardship, as Indian economy has witnessed a drastic sluggishness in UPA tenure. Beside that govt has something more for common man in terms of tax exemption. As the limit raised from Rs 2 Lakh to Rs 2.5, would benefit more than 2 crore people.
A total of Rs 7060 Crore for developing 100 smart cities is another big mark. Bullet train between Mumbai and Ahmadabad has been already announced. Budget has a lot for rural population; from sanitation to rural housing and from road to entrepreneurship, fair amount of justice has done. Rehabilitation of Kashmiri Pundits is also an initiative of budget.
Budget has a clear focus on education and digitization. Rs 28635 is being funded for SSA (Sarv Shiksha Abhiyan) and Rs 4966 Crore for RMSA (Rashtriya Madyamic Shiksha Abhiyan). Moreover 5 IITs and 5 IIMs has been announced, which is a big and brave decision. Govt has shown commitment for health education as well and wish to establish AIIMS in every state. Pan India digitization and effective communication is another area of focus in the budget.
Mr. Jaitley announced a lot of measures aimed resuscitating the local production. These reforms include rectification of duty sturcture, work on industrial corridors and clusters, single window portal etc.
Although a little has announced for women safety, which is a prime concern now a days. Merely Rs 150 is insufficient for safety concerns. Modernization of madarsas got just Rs 100 crores.
Announcement of Rs. 200 Crore for the Statue of Sardar Patel has come under criticism on social media. In a country which is largely strives poverty and hunger, such initiative is 'unnecessary foolishness'.
Well, people are quite done with Interim, and want to see results!
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