Finance Minister Arun Jaitley on Wednesday presented the Union Budget 2017 in Parliament. During his speech, the Finance Minister revealed the government’s plan to steer the economy of the country.
Presenting the Union Budget for 2017-18, the FM said sluggish growth in the current fiscal will be replaced by a higher trajectory in 2017-18 as India’s macroeconomic stability was sound, though the global scenario could pose three major challenges.
Speaking on the BJP govt’s demonetisation decision, the Finance Minster said the impact of note ban will not spill over to next year.
While some praised the Finance Minister’s ‘Uttam’ budget, many leaders said that it was a ‘fairly routine’ budget lacking vision.
Here are some political reactions:
PM Modi: The Finance Minister Arun Jaitley has presented an ‘Uttam’ Budget, devoted to strengthening the hands of the poor.
Uddhav Thackeray, Shiv Sena: What is the need to present the Budget every year? Were all announcements of last year’s budget fulfilled?
Rahul Gandhi, Congress vice-president: Union Budget lacks vision and is a “damp squib”
Suresh Prabhu, Railways Minister: It’s a path breaking budget
Renuka Chowdhury, Congress: Nothing on Defence spending; how are they fighting UP elections? Did they get donations in cheque or digital payment?
C Rangarajan, former RBI governor: Budget 2017 ‘a fairly routine’ budget
Ananth Kumar, Union Minister: Budget 2017 is a transformative one; it’s a step towards cleaning the whole political system, we welcome it
Nitin Gadkari, Union Transport Minister: It’s a historic and important budget which will have a long term impact
DS Rawat, Gen Secy ASSOCHAM: Consider it mix budget. Industry hoped lot more for promotion of investment but I think FM did whatever was possible
Manish Tewari, Congress: The budget is rhetorical, but in actually creating jobs there is precious little. Railways got a cursory mention. The budget numbers don’t seem to add up, as there is huge expansion on govt spending on schemes.
Sonali Jaitley, daughter of FM: It’s a very good budget with focus on skill development, it is women friendly