Union Budget 2018: Is youngistan budget-happy? | Hindustan Times
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Union Budget 2018: Is youngistan budget-happy?

While the parliamentarians and the junta are analysing the budget for the ordinary people, here are some of the reactions from young Indians.

youth survey Updated: Feb 01, 2018 20:10 IST
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Finance minister Arun Jaitley presented the Union Budget 2018-19 on Thursday. (PTI Photo)
Finance minister Arun Jaitley presented the Union Budget 2018-19 on Thursday. (PTI Photo)

As Indian finance minister Arun Jaitley announced the Union Budget 2018 on Thursday, we got chatting with the young and the grooving about how it affects their pockets and expectations? Here’s what they have to say:

Sumita Chawla, 21, makeup artist, Delhi

Sumita Chawla is happy that the conutry will now get 5 lakhs more WiFi hotspots.

“The introduction of 5 lakh new WiFi hotspots is a brilliant move. WiFi connectivity would make for a more digitally connected India, specially where most of the gen-next use social media almost throughout the day. For a person like me who is into a profession that relies on social media presence and most of my work gets uploaded in form of photographs, this would just help me make my posts easily where my mobile data might not be at its best. Investing in telecom is a brilliant move that is welcome by me, and I am sure, by all the other people of our generation.”

Fatima Agarkar, 42, educationist, Mumbai

Fatima Agarkar feels education sector needs more reforms.

“The Economic Survey has conclusively pointed out that the education sector needs attention. Our biggest challenge is that we don’t have enough teachers, and we don’t do enough for teacher training to upgrade their skills. But with current taxation policies, teachers find that they are in the same bracket as any one else. If this sector can attract talent, and some concessions are available leaving them with a bit more in hand, this sector could get the much needed momentum ... for talent acquisition and not lose them to other fields! In the larger interest of our future, treat the personnel in the education space as important as the Army or Navy. Ultimately, they are responsible for shaping the way our world will be as the children become decision makers.”

Adviti Batra, 23, hotelier, Mumbai

“Rs 11,000 crore have been allocated to Mumbai rail network. That’s fabulous,” Adviti.

“Rs 11,000 crore have been allocated to Mumbai rail network. That’s fabulous. Trains are the lifeline of Mumbai, and increasing the connectivity is a brilliant move for the thousands that commute daily. This might also ease off the traffic situation in the city, which in turn will again be great. I hope that while implementing this, quality isn’t compromised on, and what the public gets is an efficient system to commute in. It is a big win for the daily commuters! At the same time, I hope commuters respect the move and the train.”

Ankita Jaiswal, 24, travel guide, Delhi

“!0 iconic tourist destinations to be developed. I am excites,” Ankita.

“The proposal to develop 10 destinations as iconic tourist destinations is a welcome move. I just hope that they focus on doing this the right way, and choose to develop the spots in a manner that it doesn’t take away the authenticity and culture of the place. Preserving what makes the place so culturally relevant is as important as the tourist inflow, and this would mean a lot to the tourism industry, as well as local livelihood. The focus on increasing the number of airports under the UDAN connectivity scheme is another great way to lessen travel time and bring more cities in the air connectivity radar.”

Avanti Mukhopadhaya, 26, software developer, Pune

“The 10 per cent tax on long term capital gain (LTCG) on equity shares that have gained more than Rs 1 lakh is unnecessary,” feels Avanti.

“I am not happy with the budget. I regularly invest in the share market. The 10 per cent tax on long term capital gain (LTCG) on equity shares that have gained more than Rs 1 lakh is unnecessary. Small retail investors like me are affected. The government should have kept the profit limit of Rs 10 lakh or more so that only big investors pay the 10 per cent tax.”

Disha Dadlani, 19, DU student, Delhi

“Aiding the governments of Delhi, Haryana, Punjab to curb air pollution is a great move,” says Disha.

“Aiding the governments of Delhi, Haryana, Punjab to curb air pollution is a great move, and one that is of utmost importance right now. Pollution is a great menace that could affect everything around us unless dealt with strongly. I am glad that it is a focus for our government and they understand the need of creating a more clean and sustainable environment for us, and our future generations to live in. This year, post-Diwali, Delhi-NCR felt like a fatal gas chamber. ”

Parul Chugh, 28, theatre artist, Delhi

Parul Chugh is a theatre enthusiast and wanted GST to be removed from theatre.

“I strongly feel that the allocation of budget towards cultural arts should emphasise on growth. This will further result in better infrastructure and more opportunities for theatre enthusiasts. They should have also removed GST from theatres. Looking at the amount of auditorium rents, GST is a huge addition to the expenses. Nothing in that regard was discussed, this is disappointing.”

Shivam Jamloki, 18, BTech student, Delhi

“PM research fellowship is very promising, I am vying it,” says Shivam.

“To be honest, I am quite delighted with the government’s interest in our field. PM research fellowship is very promising. Under this scheme deserving 1000 Btech students each year will be selected for doing PHDs at IIT and IISc. I will be vying for that. This will not only encourage students to study further in India itself but also help them share their knowledge with undergraduate students, who the fellows are expected to teach once a week or so. There is also emphasis on digital education, isn’t that great.”

Mansi Shah Mehta, 28, banker, Mumbai

Mansi is unhappy with the tax brackets.

“I am a little sad that there wasn’t any change in tax slabs for the salaried class this year. As a law abiding citizen, I pay a sizeable amount each year in taxes and this year, I was hoping for the tax slab rates to be revised. Mobiles are only going to get costlier and eating out is going to be as expensive. However, the govt will contribute 12% EPF of all new employees in all sectors, initially, and that would motivate a lot of people.”

Vijay Peroth, 27, account manager, Mumbai

Vijay Peroha is happy to get more WiFi hotspots.

“I work with a food start-up and most of my work happens over the Internet and while I am on the go. Introducing WiFi and CCTvs on all platforms and in trains is a great move. It will make it easier for me to work uninterrupted. Also, since I travel a lot, the move to improve rail connectivity is in my opinion the need of the hour. So many people take the train to commute on a daily basis and we definitely need more infrastructure to be able to accommodate the increasing traffic on a daily basis. This will also reduce the number of accidents that occur in trains due to overcrowding.”

Sumeet Sharma, 30, Marketing Consultant, Mumbai

“I am glad to see reforms taken for safety and convenience in public transport and efforts to promote healthcare and affordable housing,” Sumeet Sharma.

“I am glad to see reforms taken for safety and convenience in public transport and efforts to promote healthcare and affordable housing. Also, it’s a relief to see benefits in income tax brackets, which will help in further investments especially real estate as I am looking to invest in property.”

Swapnil Mishra, 25, corporate communication professional, Lucknow

“The mega health cover of Rs. 5 lac to the poor is a game changer for the underprivileged,” says Swapnil.

“It is a very balanced budget addressing all the aspirations of the middle class and the poor. The mega health cover of Rs. 5 lac to the poor is a game changer for the underprivileged. Also the reduction of corporate tax to the MSMEs will spur up growth. I am very happy.

Simran KS Lamba, 34, artist, Delhi.

Simran was expecting more monetary patronage for artists.

“Within the world of visual arts, monetary patronage has been of crucial importance for the practising artists. This artistic community needs push and motivation, but there is no discussion about the whole subject in the budget session 2018. It is disheartening.”

Gaurav Jai Gupta, 36, fashion designer, Delhi

the allocation of 7148 crores for textile sector is good but the handloom and craft sectors have been ignored, feels designer Gaurav.

“It is a good budget for rural India and health sector. As a fashion designer, the allocation of 7148 crores for textile sector is good but the handloom and craft sectors have been completely ignored. However, I am happy to see agriculture is back in focus.”

Shweta Sachdeva, 26, marketing professional, Delhi

Shweta was expecting some respite in the income tax.

“I expected significant change in income tax slabs but there’s no relief. However, the EPF rate has been reduced to 8.33%. The finance minister has given some respite while presenting the Union Buget since we hold the purse strings and have so much to deal with.”

Santosh Shekhar,38, healthcare marketing professional, Manipur

Santosh Shekhar, 38, Healthcare marketing professional from Manipur, believes that it’s good initiative of the Govt to provide more benefits in the health sector.

“With the announcement of FM Jaitley setting up of one medical college for every three parliamentary constituencies, upgradation of some hospitals to medical colleges and introduction of 24 new medical colleges, this is brilliant and very encouraging for aspiring medical professionals. With the larger qualified professionals, people will have easy access to doctors. It will specially benefit the far-flung places as it will ensure they have fair share of medical care locally. And students wouldn’t have to flock just a few medical colleges far away from their home towns. this will decrease the pressure on medical colleges and hospitals, as patients will also be able to consult at these new medical centers in their areas.”

Charvi Baishya, 22, works at a startup, Assam

Charvi is unhappy that the cryptocurrencies will not be recognised as legal tenders.

“We live in a country which is moving towards digitalization at such fast pace, so I don’t understand the need to make crypto currency and virtual currencies illegal. For someone like me, a fresh college graduate who has just started working, investing a smaller amount to get better returns, seems to be an excellent idea. I mean just tax these and make these legal, please!”

Babina Koijam, 27, M.Phil student, Manipur

Babina feels governments intent to move to digital boards in school is great, however, it might benifit only the urban.

“Government has intention of moving from black board to digital boards in schools by 2022. Although it’s a great initiative, it is very urban. Because, firstly, meeting the goal of providing every school with a digital blackboard by 2022 seems to be quite impossible as it’s just four years from now. And secondly, the Government needs to understand that there are rural areas and towns where even a basic necessity like black board is not available or are struggling to get one. And moreover, even if they get digital boards, teachers in villages may not able to adapt to it so easily.”