Union Budget 2018: Shivraj Singh Chouhan hails budget; Congress dubs it as ‘misleading’

Union Budget 2018: Madhya Pradesh Chief Minister Shivraj Singh Chouhan today said the Union budget would provide a boost to the farmers’ income. However, the opposition Congress dubbed it as a “misleading budget based on the jugglery of numbers.”

FM Arun Jaitley presents Union Budget 2018 today.
Union Budget 2018: Lauding the announcement of health schemes, Chouhan said in a tweet, "This is a revolutionary health protection scheme for the poor covering 50 crore of population. (IE)

Union Budget 2018: Madhya Pradesh Chief Minister Shivraj Singh Chouhan today said the Union budget would provide a boost to the farmers’ income. However, the opposition Congress dubbed it as a “misleading budget based on the jugglery of numbers.” Chouhan, in a tweet, said, “Agriculture is the lifeline of our country. I welcome government decision to provide 1.5 times of cost as minimum support price (MSP) for Rabi crops. This step will provide a boost to farmer incomes.” He said the cluster farming will help small and marginal farmers. “Specialised agri processing will help us to utilise well our surplus production and improve realisations for farmers. This budget will also boost organic farming,” the chief minister said in another tweet. He said the Ujjwala Scheme (for providing free LPG cylinders) has brought about a positive change in the lives of rural women.

Watch video: Union Budget 2018: FM Jaitley announces National Health Protection Scheme for poor families

The Saubhagya Yojana announced in Union Budget 2018 (providing power connections) will play a crucial role in realising the goal of power for all, he further said. Lauding the announcement of health schemes, Chouhan said in a tweet, “This is a revolutionary health protection scheme for the poor covering 50 crore of population. This will provide significant relief to poor and vulnerable from high medical expenses, at the same time providing quality healthcare.” “Another landmark initiative taken in the field of education. Allocation of Rs one lakh crore for RISE will give a significant uplift to school infrastructure in India making learning more interactive and efficient(sic),” he said in another tweet.

Also read: Narendra Modi’s seven bids for Mission 2019 in Budget 2018: Take a look

Chouhan also lauded the allocation of a whopping Rs 95,000 crore for the development and welfare of the scheduled castes and scheduled tribes. The union budget 2018 would offer a big boost to the MSME sector as the firms with a turnover of Rs 250 crore (previously Rs 50 crore) will now benefit from the lower tax rate of 25 per cent, he said. This will provide a significant fillip to the industry and investments, he added.

After Budget 2018 will your income tax go up or down? Find out with this Income Tax calculator

The opposition Congress, however, said the Union budget 2018 did not reflect the expectations of people from the Modi government. “This budget has harmed the interests of the middle class. This is true BJP type budget, which shattered dreams of the people. This is a misleading budget based on the jugglery of numbers,” Leader of Opposition in the state Assembly, Ajay Singh, said.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express Telegram Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.