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Common man in Rajasthan disappointed with Union budget

For the salaried class, the budget was a disappointment as people were expecting changes in the income tax rates, but only a standard deduction of ₹40,000 was proposed for transport and medical reimbursement

jaipur Updated: Feb 01, 2018 21:46 IST
HT Correspondent
HT Correspondent
Hindustan Times, Jaipur
Rajasthan news,Union budget,GST
Union finance minister Arun Jaitley addresses a press conference after the Union Budget 2018-19 on Thursday. (PTI Photo.)

It was a “disappointing” budget for the common man in Rajasthan.

For the salaried class, the budget was a disappointment as people were expecting changes in the income tax rates, but only a standard deduction of ₹ 40,000 was proposed for transport and medical reimbursement.

Satish Totla, a private employee said post demonetization and GST, the central government has been facing a financial crunch, which clearly reflects in the budget. “The announcements have been made which cannot be termed as populist and was not a genuine budget, as the finance minister did not have money in the kitty. In such a situation, it is to be seen if the announcements made today, materialise in the future.”

Praveen Kumar, a private employee, said “Healthcare was emphasised in the budget, but I personally feel that ayurveda should have been given importance. Along with allopathy, ayruveda should also be promoted.”

He also felt that a time-bound roadmap for the implementation of the budget announcements should be made.

Dr MCR Vyas, a senior citizen, hailed the decision to exempt interest on income on deposits with banks and post office from the existing ₹ 10,000 to ₹50,000.

Usha Maheshwari, a freelance content writer, said tax on mutual funds under long-term capital gains is not a welcome step. “Now people have started understanding mutual funds and were encouraged to make small savings, but they will be discouraged,” she added.

Bhuvnesh Sharma, a private employee said “I am disappointed as income tax slab has not been increased. There is nothing for the salaried class.”

Similarly, Amita Saini, homemaker said, “I don’t find this budget has provided any relief to the common man, who is reeling under inflation.”

First Published: Feb 01, 2018 21:46 IST