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Budget will strengthen ´ new India´ vision: Modi

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Budget will strengthen ´ new India´ vision: Modi
Terming the Union Budget for 201819 “development friendly”, Prime Minister Narendra Modi said on Thursday it had focused on the needs of rural areas and would strengthen the vision ofa ´new India´
Modi said the Budget had devoted attention to all sectors, ranging from agriculture to infrastructure, and was “farmer friendly, common citizen friendly, business environment friendly, and development friendly”.On MSME sector The Prime Minister said the government would soon announce concrete steps to address the non-performing asset and stress account issues for the micro, small &medium enterprises (MSME) sector.
“For a long time, MSMEs faced a lot of burden on the tax front.In this Budget, we have also reduced the corporate taxes that MSMEs owe. Now, they have to pay only 25 per cent tax instead of 30 per cent,” he said.

On ´Ayushman Bharat´ scheme Modi said the Ayushman Bharat scheme would allow the poor to receive up to RS 500,000 a year for treatment in select hospitals.“It will help them get rid of the worry of incurring cost to get quality treatment.It will help 100million families,” he said.
On infrastructure push The PM said new infrastructure such as airports, ports, railway tracks, and metro projects would generate new job opportunities.“This Budget strengthens the hopes of 12.5 million Indians,” he said.
The Business Standard, New Delhi, 02nd February 2018

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