PM says Budget 2021 will Bring Lot of Positive Changes in Industry, Investors and Infrastructure Sectors

Prime Minister Narendra Modi has said that this budget will bring a lot of positive changes in industry, investors and infrastructure sectors. Calling it historic, Mr Modi said the vision of self reliance can be seen in the budget. He said the proactive budget, which focused on health and wellness will help all. Mr Modi said, the budget will also generate employment opportunities for youth. The Prime Minister said several changes have been made, which is set to help growth and job creation in the country. He said, this budget has categorically made announcements to ease and make the lives of women better.

Mr Modi said the government has taken the approach of widening new opportunities for growth, new openings for youth, a new high to human resources, develop new regions for infrastructure, walking towards technology and bring new reforms in this Budget. The Prime Minister said, this budget focuses on sectors that are related to both wealth and wellness. A special focus has also been on infrastructure and MSMEs. He said, the budget for MSME has seen an increase of more than double compared to last year.

This budget is walking the road of Aatma Nirbharta which leads to the progress of every Indian. Mr Modi said, this budget lays a foundation of the decade. He said, this budget emphasizes on increasing the ease of living in the lives of common people by simplifying rules and procedures. The government, while keeping in sync with fiscal sustainability, stressed on increasing the budget size and did not put pressure on the citizens. He said, the government has always tried to keep the budget transparent.

Information and Broadcasting Minister Prakash Javadekar said this budget fulfils the aspirations of all  sections of society. Niti Aayog CEO Amitabh Kant hailed the budget and termed it as a pro-common man financial measure. He said no new provisions of taxation has been included in this budget.

Welcoming the budget, Health Minister Dr Harsh Vardhan said lot of provision has  been made for the health sector. Dr Vardhan said healthcare sector got a major boost in the budget. Union Minister Dharmendra Pradhan has said that the Union Budget 2021-22 is a win-win for all and will ensure the welfare of every section of the society. He said that the Budget of the Atmanirbhar Bharat will act as a provider, enabler and catalyst for a more resilient recovery and sustainable economic growth. Mr. Pradhan  said, the Budget will strengthen the 'Sankalp' of nation-first by delivering to every section of society-farmers, youth. women, children,elderly and labourers. He said the budget is an expression of the faith of 130 crore Indians in our country's potential.

Union Minister of State for Animal Husbandry, Dairying and Fisheries and MSME, Pratap Chandra Sarangi described the  Budget as progressive. He said  the budgetary focus on MSMEs, health sector, agriculture and rural development is commendable.

Economists, banking and tax experts are lauding the budget proposals presented by Union Finance Minister Nirmala Sitharaman today. Speaking to All India Radio, President of IMC Chamber of Commerce and Industry, Mr. Rajiv Podar said it is a  growth-oriented budget as was being demanded by the industry.

IMC's former President Bhavana Doshi said the budget has ensured stability in the tax regime, adding that there has been no COVID cess. Stating that it is a very balanced budget, Chairman, IMC International Business Committee, Dinesh Joshi said budget proposals regarding infrastructure, health and MSME will boost the industry.

Mahendra Kumar Chauhan, a banking expert hailed the announcement made with regard to disinvestment, privatisation of PSU banks and increasing FDI in insurance. Ajit Mangrulkar, DG, IMC said it is a



well-planned budget focused on healthcare and infrastructure.

As the stock markets soared post the budget announcements, the Managing Director and CEO of Bombay Stock Exchange. Mr Ashishkumar Chauhan said it is a visionary budget and the markets are buoyant as no new taxes and levies have been imposed. He said the rationalization of tax structures for Foreign Portfolio Investors, Infrastructure Investment Trust and Real Estate Investment Trusts will also help attract more funds. He added that tax-efficient zero-coupon bonds for infra financing will bring in significant flows and enhance the role of the capital markets in nation-building.

Jammu Chamber of Commerce and Industry ( JCCI) has welcomed the union budget 2021. While talking to the Doordarshan Jammu, Arun Gupta, President JCCI said that “Modi government’s announcement of increasing the budget for the health sector is appreciable.”

Gaurav Gupta (General Secretary, JCCI and Social Activist) said that  taking into consideration the Covid-19 pandemic which badly affected every sector of economy ,  this budget has something for everyone. And the key focus is to make India Atmnirbhar in the health sector is truly a welcome step.

Welcoming  the budget JKNPP (Jammu Kashmir National Panthers Party) Spokesperson Gagan Partap Singh  said that “this is a balanced budget, where the government has given special focus on the industrial, agriculture, health and education sectors.”

Karnataka Chief Minister B S Yediyurappa has regarded the Union budget as a catalyst that can revive the sluggish economy. Speaking to the media persons in Bengaluru today, he said that the budget will strengthen agriculture, infrastructure and industrial sectors.  On the announcement of 14,778 crore rupees for Bengaluru Metro project, he said it is the biggest gift to Karnataka.

The state Industries minister Jagadish Shetter described the budget as one that will encourage MSME, manufacturing sector and start ups. The budget, he noted gives ample scope for the doubling of farmers' income.

In her reaction to the media, the executive chairperson of BIOCON, Kiran Mazumdar Shaw, said that it is a reassuring budget with no negative surprises. She pointed out that the budget has given top priority to healthcare and well-being. She also welcomed the allocation of 35 thousand crore rupees towards Covid vaccination. The Managing Director and CEO of Manipal Hospitals  felt that the Union Finance Minister has accorded special attention to the healthcare sector, increasing the overall outlay by over 135 percent over the last year.

Tamil Nadu Chief Minister Edappadi Palanisamy has welcomed the announcement of the road infrastructure projects for 3500 km in the State.

In a statement today, he assured the cooperation of the State Government in implementing the road schemes at a cost of one lakh crore rupees. He also expressed gratitude for announcing up-gradation of the fishing harbour at Chennai and also for the Chennai Metro rail project to be implemented at a cost of 63 thousand 246 crore rupees.

Mr. Palanisami appealed to the Centre to release 50 percent of the funds for the purpose. The Chief Minister wanted two textile parks for Salem and Southern districts. He also thanked the Centre for amending the rules for scholarship for Adi Dravida students as per his request. Pointing out that the share of revenue in the cess for petrol and diesel has not reached the States, he said that the decrease in excise and increase in cess will affect the revenue of the States.

The Chairperson of Space Kids India, Dr. Srimathy Kesan said that she was happy to hear their project satellite will be carried through PSLV C 51.