PM welcomes Union Budget; terms it positive and pragmatic
New Delhi: The Prime Minister, Shri Narendra Modi has welcomed the Union Budget.
”Union Budget 2015 is a Budget with a clear vision. It is a Budget that is progressive, positive, practical, pragmatic and prudent. Budget 2015 has a distinct focus on farmers, youth, poor, neo-middle class and the Aam Nagrik. It delivers on growth, equity and job creation. Budget is investment friendly and removes all doubts on tax issues. It assures investors that we have a stable, predictable and fair tax system. From housing for all, jobs, health, education and total electrification, FM laid down goals to be achieved by 2022, India`s Amrut Mahotsav.
I congratulate FM for doing an excellent job in respecting aspirations of the States and at the same time delivering on National priorities. Budget indicates our commitment to ensure that development of Eastern and North-Eastern parts of India gets an impetus and drives future growth. Details of the Black Money law being introduced demonstrates our firm commitment to bring back every Rupee of Black Money stashed abroad. Success of Jan Dhan Yojana is gladdening. Building on that, key schemes are announced that will comprehensively transform lives of the poor. Suraksha Bima Yojana, Atal Pension Yojana, Jeevan Jyoti Bima Yojana, Vidya Lakshmi Karyakram mark a shift from Jan Dhan to Jan Kalyan. Atal Innovation Mission and SETU underline our commitment to enable innovation, entrepreneurship and start-ups to grow and shine in India. FM @arunjaitley must be congratulated for this pro-poor, pro-growth, pro-middle class, pro-youth and paradigm shifting Budget. 2015 Budget will further reignite our growth engine, signalling the dawn of a prosperous future.#SabkaBudget”, the Prime Minister said.
Post Budget Reaction from Mr. Rohit Gadia, Founder & CEO, CapitalVia Global Research
“Overall it was a dream budget Corporate taxes down, GAAR postponed, crackdown on illegal money, wealth tax abolished. The major crux of the budget is that it brings an ideological shift. Ease of doing business, social security net for weaker sections Major takeaways from the unionbudget2015 were high stress on Make in India, rural development this will surly bring a surge in job creations. Health insurance premium rebate is going to help out the AAM JANTA. Tax free infrastructure bonds for projects in Railways and roads will boost up investments in Infra and railways and this will be reflected on the stocks.
Markets were up by a percent while the budget was on and later on slipped to the lows and remained volatile. It’s expected to remain volatile as the budget announced was at par with the expectations of D-street and thus market has already discounted the noise going on in the market.”
Opening Statement by Prime Minister of India at 15th ASEAN-India Summit, Manila Your Excellency President …