Expert says Finance Minister has adopted a professional approach in the present context of Indian economy

While organisations and associations in Hubballi are offering a balanced opinion on the Union Budget, mixed reactions have come from the ruling party members who are praising it and the opposition members who are criticizing it.

The Union Budget presented by Finance Minister Nirmala Sitharaman has received mixed reactions in the region with the ruling party members hailing it and the opposition members criticising it.

Organisations and associations have given a balanced opinion on it.

Union Minister for Parliamentary Affairs, Coal and Mines Pralhad Joshi termed the Union Budget as not election-oriented but development-oriented budget prepared keeping in mind the interests of the poor.

Ms. Sitharaman has ensured that both development and financial security are kept in focus. Agriculture, health and fisheries have been given priority and ₹11.11 lakh crore has been earmarked for infrastructure development, he said.

Member of Legislative Assembly Maheshh Tenginakai has said that the budget has been presented keeping the concept of Prime Minister Narendra Modi’s Viksit Bharat in mind and facilitating everyone’s growth.

The Karnataka Chamber of Commerce and Industry (KCCI) headed by its president S.P. Saunshimath, vice-president Praveen Agadi, honorary secretary Ravindra S. Baligar and other office-bearers has termed the interim budget as status quo budget from the economic point of view of the country.

Pointing out that no new tax proposals have been made, they have said that it is regrettable that no GST Amnesty Scheme has been announced to help entrepreneurs and traders. They are also disappointed as no concession has been declared for micro, small and medium enterprises.