Today, Indian Prime Minister Narendra Modi said that many tried to mislead people on the Union Budget but the critics now accept that it is the best budget under the prevailing global economic scenario.
While giving a speech at the BJP parliamentary party meeting in Delhi, PM Modi praised the Bodo accord and the agreement to fix the members of Bru-Reang tribe in Tripura, terming them “historic” successes of his government in this decade.
“However, people have now realised that it is a very good budget and even critics have acknowledged that this is the best budget under the prevailing global economic scenario,” PM Modi said.
He further claimed that the move would bring peace in the northeast that has suffered decades of bloodshed and violence. Finance Minister Nirmala Sitharaman has resented the Union Budget 2020 on Saturday. She claimed the new personal tax regime would help the middle-class save taxes.
The new budget has offered the taxpayers the option to choose between the existing income tax regime and a new tax regime with slashed income tax rates and new income tax slabs but no tax exemptions and deductions.