The 2019 budget evokes longer than happy faces in Mumbai
MUMBAI: The long faces evoked on Friday instead of happy faces, as the respondents feel that it contributes little to the and. While people are relieved that no new taxes have been imposed, the increase in fuel prices means that they want the income tax exemption band to be raised to compensate for some inflation in the store.
The few bright places are powered by electric vehicles and additional housing subsidies for houses costing up to Rs 45 lakh, although houses in Mumbai are barely available for double.
However, Maharashtra CM said: This is a visionary budget that will guide India with an even greater speed towards a 5 trillion dollar economy. It is more inclusive and causes more stress in the creation of infrastructure with a huge goal of Rs 100 lakh crore in 5 years.
The common man distrusts the increase of two rupees in excise taxes on gasoline and diesel, which will make everyday products, transportation and transportation more expensive. This will increase my monthly expenses from Rs 125 to Rs 150 (annually Rs 1,500 to 1,800), said Varun Kamath, who drives his car to the office every day.
Transport unionist Bal Malkit Singh, of the Transportation Congress of India, said: An increase in diesel consumption plus the new collection of 2% of TDS for withdrawing more than 1 million rupees in cash annually will paralyze our sector, which It is the backbone of the economy.
The farmers and their union leaders expressed their disappointment. They said that despite talking about doubling farmers' incomes by 2022, the government has not made provisions to carry out this electoral slogan. In fact, with the increase in fuel prices, our cost of inputs will increase. Along with the negligible increase in the minimum support price (MSP) this year, we will continue to struggle, said Ajit Navale of All India Kisan Sabha.
Gold and silver will be more expensive with an increase in gold import tariffs from 10% to 12.5%. The National Council of All Jewels and Jewels of India (GJC) said the measure is not in line with the principles of Make in India and will have a negative impact on indigenous industry driven by 55 lakh hand of skilled work and artisans.
The president of GJC, Anantha Padmanaban, said: Together with the GST, this measure will make gold expensive and will encourage smuggling. Genuine and law-abiding business owners will be affected. Shaankar Sen, vice president, said: The government has exempted new companies that receive funds or investments from scrutiny, but the gem and jewelry sector does not get funds or investments, but it is always under scrutiny. Jewelers struggling to survive will be tempted to negotiate with the gray market.
Imported books have become more expensive, which will further dilute the habit of reading in the generation of social networks. Herin Keniya, manager of the Granth Bookstore store, said: About 40% of the books we sell are imported, as their publishers do not have publication rights in India. These will be more expensive. Of course, we hope that the vendors association will take the matter with the government.
Gandhian elders welcomed the announcement by Finance Minister Nirmala Sitharaman to prepare an online database on the life and works of Mahatma Gandhi, although Sarvodaya Mandal in Mumbai does just that. TRK Somaiya, its unofficial president, said: Previously, the government had also allocated millions of rupees to Sabarmati Ashram of Ahmedabad to put all of Gandhiji's books online. The ashram scanned and uploaded thousands of pages, but the server became so heavy that the readers could not. download anything. We ourselves have an exhaustive website of Gandhiji's books, written not only by him, but also by him, which we built 20 years ago and administer in only Rs 2 lakh a year.