Congress President Rahul Gandhi on Friday said the Modi governments scheme to provide direct income support of Rs 6,000 each to poor and marginal farmers, was an "insult" to everything the farmers stand and work for.
With the Lok Sabha elections only a few months away, Finance Minister Piyush Goyal presented NDA government's Budget today amidst a lot of hopes and expectations from across the spectrum of society right from the common people to industries. There is relief in income tax for the salaried and middle-class people. This is being hailed as a budget keeping in mind the forthcoming Lok Sabha Elections and is therefore on expected lines
Pointing out that the Interim Budget announced on Friday is "silent" on jobs and education, former Finance Minister P. Chidambaram ridiculed the Modi government saying all it understands is "pakodanomics".
PM Narendra Modi has bowled an Income Tax googly at the Middle class. Not many know that the Rs 5 lakh exemption sop will not help save a single paisa if annual income is even one rupee more than Rs 5 lakh. This, because the income tax slabs have not been changed.
The Interim Budget prior to the Lok Sabha Polls is on expected lines with lots of goodies for farmers and the middle class, the two vital components of the potential vote bank
Finance Minister Piyush Goyal was reminded of the recent Bollywood release "Uri: The Surgical Strike" by former Deputy Prime Minister and veteran BJP leader L.K. Advani just as he was about to speak on the entertainment industry during the Interim Budget presentation.
You will not have to pay have to income tax on an annual income of Rs 5 lakh. This is one of the big steps among the slew of measures announced in the budget to woo the middle class before elections.
With the Lok Sabha elections only a few months away, Finance Minister Piyush Goyal will present NDA governments Budget today amidst a lot of hopes and expectations from across the spectrum of society right from the common people to industries
n the run up to the elections, PM Narendra Modi has announced Direct Income Support for small and marginal farmers. The scheme called PM Kisan will start retrospectively from Dec 1, 2018.
With the BJP losing three Hindi heartland states to the Congress in the recent Assembly elections and general elections around the corner, the Modi government is planning to give a big relief package to distressed farmers, which may include Direct Investment Support (DIS), interest-free loans and nominal premium for crop insurance. The announcement for this is likely to be made in Budget 2019.