Union Budget Brings In New Hopes And Opportunities For People: PM Modi
Mumbai: Prime Minister Narendra Modi on Tuesday called the Union Budget “people-friendly and progressive”.
He further said that the financial document presented by Union Finance Minister Nirmala Sitharaman is full of new possibilities of more infrastructure, more investment, more growth and more jobs.
“This Budget has brought new confidence of development in the midst of 100 years of terrible calamity (Covid-19). This Budget, along with strengthening the economy, will create many new opportunities for the common man,” PM Modi said.
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“An important aspect of this budget is the welfare of the poor. Every poor person should have a pucca house, water from the tap, toilet, gas facility, all these have been given special attention. Simultaneously, there is an equal emphasis on modern internet connectivity,” he added.
The Prime Minister also said that the reactions of the common people have given the ruling Bharatiya Janata Party (BJP) a new resolve to serve them.
PM Modi said this is happening for the first time in the country that the Parvatmala scheme is being started for such areas as Himachal, Uttarakhand, Jammu and Kashmir, North East. “This plan will build a modern system of transportation on the mountains,” he said.
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The remarks came hours after Finance Minister Nirmala Sitharaman presented her fourth straight budget in the Lok Sabha.
She began his speech by expressing sympathy to those affected by the adverse health and economic impacts of the COVID-19 pandemic and said that the budget will lay down a roadmap for the next 25 years of the Indian economy.
With the $529.7 billion Budget, Sitharaman stepped up investment on highways and affordable housing to put growth on a firmer footing as the economy recovers from the pandemic.
The government has projected GDP growth at 8% to 8.5% compared with an estimated 9.2% for the current fiscal year and a 6.6% contraction the previous year.
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