Union Budget Highlights 2020 | Param Realty Blog
The first Budget of the new decade presented today by Finance Minister Smt. Nirmala Sitharaman gives an outline of a New and Confident India. It is a promising, proactive and progressive Budget which will make India healthy and wealthy in coming years.
The Budget 2020-21 has a clear focus on the welfare and development of all sections of our society and gives special attention to farmers and promoting ease of living in India. The measures announced today will certainly spur growth and create new job opportunities.
The Union Budget is not only investment friendly but it will go a long way in doubling the farmers’ income and unshackling the Indian industry. It also promises the investors, tax payers and wealth creators a predictable environment by assuring them of protection against tax harassment.
The new tax reforms introduced in the Budget this year are extremely progressive, bold and unprecedented in nature. The new tax regime will reduce tax burden on common man. It will pave the way for an efficient tax system, in sync with the best practises in the world.
Strategic allocations have been made in this Budget for agriculture, education, health, water, sanitation and skill development. Policy intervention in new tech economy is indeed a welcome move. Investments in these areas will build a strong foundation for a New India based on knowledge driven economy.
By focusing on reviving growth and rejuvenating demand the Budget is expected to trigger a new virtuous cycle in our economy.
Despite the fact that there is lack of fiscal headroom to pursue fiscal expansion the Budget has done a wonderful job at this juncture.
Under the leadership of Prime Minister Shri Narendra Modi the nation aspires to be a 5 Trillion economy. The Budgets today has emphatically laid down this goal to be achieved by 2024-25.
I must congratulate the Prime Minister Shri Narendra Modi and the Finance Minister for giving the country an excellent Budget by addressing the aspirations of the people and at the same time clearly underling our national goals and priorities.