Union Budget 2014-15 with Mixed Response
Union Budget 2014-15 by Finance Minister, Mr. Arun Jaitley Puts the Country with Mixed Response, where there is Something for Everyone in true lines to BJP’s Tagline of Election Manifesto, “Sabka Sath Sabka Vikas” but still for the Development and Change, one has to pay the Costs and Compromises. Focus of the Budget goes towards Infrastructure Development, Manufacturing and Investment followed by Providing better and Cost Effective housing, Healthcare and Quality Higher Education – Which Truly Gives a Sign of Development and Growth.
On one side it creates the opportunity for Manufacturing, Real Estate, and Retail Industry while gives a major setback to Tobacco, Non Aerated Drinks etc. Primary as well as Secondary Development of various Sectors and Industries is anticipated with this Budget. No change in Duty for Luxury Products favors the flow of Revenue from the class which can afford the Luxury, which will directly benefit the Planned Expenditure of the Government.
With lot of Infrastructure Development Plans, it certainly will create emergence of opportunities and boost of different industry in longer run. Rs 100 crore allotted for Metro Projects in Lucknow and Ahmedabad and Rs. 7,060 Crore for the project of developing 100 Smart Cities is a positive stand towards development in Tier 2 and Tier 3 Cities in India.
Swachh Bharat Abhiyan to cover every Household with Sanitation Facility by the year 2019, Free Drug Service and Free Diagnosis Service to achieve “Health For All”, Kisan TV for Farmers, Arun Prabha TV for Northeast, 1000 Crore provided for “Pradhan Mantri Krishi Sinchayee Yojna” for assured Irrigation and Slum Development to be included in the list of Corporate Social Responsibility is a positive initiative for growth of EWS, BPL and Farmers.
“So in all, the Union Budget promises the Better Uniform Development with a strategic Revenue Model favoring almost all Class and Segments and Direct or Indirect Boost to Overall Economic Development of country”, as Quoted by Ashu Gaur, Managing Director (Eixil Group)
