New Delhi: Finance Minister Arun Jaitley on Monday unveiled a string of measures to satisfy almost all the sections of society, focussing mainly on farmers and the poor. This approach of the BJP-led government has earned high accolade from their party members, with power and coal minister Piyush Goyal referring it as the foundation for transforming the nation.
However, the Budget 2016-17 failed to satisfy the opposition. Bihar Chief Minister Nitish Kumar, Manish Sisodia, Congress leaders were all hell bent on finding loopholes in the financial estimate of the nation.
Reaction to Union Budget 2016:
1. Yashwant Sinha, former BJP Finance Minister
It's a good Budget. There seems to be an attempt to take from the very rich and give it to the poor. He (FM Arun Jaitley) has passed the test. There is something for everyone in this budget.
2. Manmohan Singh, former Prime Minister
It is a mixed bag Budget. No big idea. Except one mentioned by PM himself, to double the farmers income in next 5 years which is an impossible idea. There was no way of telling the country how it will be achieved. It implies 14% annual in reform income for 5 years. I’m glad that Finance Minister has stood by the fiscal targets.
3. Radha Mohan Singh, Agriculture Minister
It is the first budget after independence that is devoted to villages, farmers and the poor of India.
4. Nitish Kumar, Chief Minister, Bihar
They have been talking about the development of agriculture and farmers but nothing concrete seen in the Budget.
5. Devendra Fadnavis, Chief Minister, Maharashtra
This Budget addresses the real challenges of the nation. It's pro-poor, pro-farmer but growth oriented budget. The huge infrastructure spending will create jobs and fuel growth while the target of doubling farm income will change the future of the nation.
6. Omar Abdullah, former Chief Minister, Jammu and Kashmir
By not focusing the benefits of #UnionBudget2016 on the #suitboot people @arunjaitley has cleverly made the opposition's job a bit tougher.
7. Sushil Kumar Modi, former finance minister, Bihar
PM has passed the budget exam with distinction. Best ever Budget. Pro-poor & pro-farmer budget. Taken care of all segments. The enhanced outlay in agri, irrigation, infrastructure, Skill & tax relief in housing, business, industry will benefit backward states like Bihar.
8. Manish Sisodia, Deputy Chief Minister, Delhi
My 1st reaction to union budget: financial injustice to Delhi continues - no change in share in central taxes. Will speak in detail later.