Budget "sarvasparshee", has rendered the opposition

Image
Press Trust of India Patna
Last Updated : Feb 01 2019 | 5:00 PM IST

Bihar Deputy Chief Minister Sushil Kumar Modi on Friday hailed the interim Union Budget as "sarvasparshee" one that touched everybody, had something for all sections of the society.

The senior BJP leader, who holds Finance portfolio in the Nitish Kumar government, also claimed that the budget was like a "surgical strike" on the opposition which has been "rendered speechless" by the Narendra Modi government ahead of the general elections.

"The provision of Rs 6,000 assistance to farmers would be of particular benefit to a state like Bihar where the average size of land holdings is less than one hectare. There are also provisions for those involved in dairy farming and fisheries," Modi said here.

"Raising the limit of taxable income from Rs 2.5 lakh to Rs 5 lakh per year will bring big relief to the salaried class. Hike in the lower limits for taxable income generated through rent and interests on deposits in banks and post offices will also benefit the middle class," he added.

"The sarvasparshee budget is a veritable surgical strike on the opposition, which had been coming out with baseless attacks on the government and has now been rendered speechless," he said.

Senior JD(U) leader and MLC Ranbir Nandan said in a statement "the budget would help fulfil the aspirations of the common people. Care has been taken to protect the interests of farmers, the middle class, small traders and pensioners."
Senior Congress leader and MLC Prem Chandra Mishra said "the budget is the last instalment of jumlas by the government which is incapable of undoing the damage caused by demonetization and GST."
He also questioned "how can the government explain treating those with incomes of up to Rs eight lakh per annum as economically backward and eligible for reservation and at the same time holding earnings of over Rs five lakh a year as taxable."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 01 2019 | 5:00 PM IST

Next Story