The allocation for ‘information’ under the I&B ministry has gone up to Rs 212.51 crore in the last two years — a rise of more than 1,800 per cent from 2016-17.
The general consensus is that while the Budget is slightly populist, it's good that it focuses on healthcare rather than handing out sops.
The budget has the fingerprints of a worried, impatient government not as sure of a second term with a clear majority. Thankfully, it isn’t irresponsible.
Arun Jaitley seemed to make a grand declaration as if he was fulfilling a manifesto promise. But he just shifted the goal posts with Budget 2018.
Swadeshi Jagran Manch, Bharatiya Kisan Sangh call this budget as the first that truly addresses the concerns of ‘70 per cent India’s population’.
The govt has been struggling with managing its spending following the rollout of the GST last year as well as the impact of demonetisation.
An election Budget is usually marked by fiscal profligacy to voter-friendly finance schemes. But this government is confident about selling empty promises.
While ‘Beti Bachao, Beti Padhao’ will get more money than last year, the budget for all other major schemes including Ujjwala has been reduced.
Arun Jaitley has re-introduced long-term capital gains tax of 10 per cent. Companies with turnover of up to Rs 50 crore have got corporate tax relief.