Haryana Finance Minister Capt Abhimanyu has appreciated the Union Budget 2016-17 presented by Union Finance Minister Arun Jaitley in lok Sabha and described it as farmer friendly, which would also take care of the welfare of all sections of the society and would further accelerate the pace of development.
In a statement issued here, the Finance Minister said that start-ups have been given tax exemption which would encourage the youth. In this budget, efforts have also been made to make tax rational.
He said that this Budget has also encouraged companies in the organized sector to provide maximum employment.
Also, 100 per cent FDI has been approved for the food products produced in India. Special emphasis has been laid on making efforts to double the income of farmers by 2022. Emphasis has also been laid on infrastructural development and investment, said Capt. Abhimanyu.
He added that keeping in view the interests of the middle class, for the first time a provision of tax exemption on the purchase of house has been made. An additional exemption of `50,000 would be available for house costing `50 lakh.
Hailing the Union budget, Haryana Education Minister Ram Bilas Sharma said that the Union Finance Minister Arun Jaitley has emphasised on multi-skill development in the budget for the year 2016-17 and added that it would provide jobs as well as self-employment opportunities to a large number of youth. Sharma said that the Central Government has decided to set-up 1,500 multi-skill training institutes across the country for which `1,700 crore have been set aside in the budget.
On the other hand, Haryana Urban local Bodies Minister Kavita Jain said that the Budget presented by Union Finance Minister is balanced and efforts have been made for the welfare of people of all sections of the society.
This budget lays emphasis on agriculture sector and in the next five years, efforts would be made to double the income of farmers. Provisions have been made in budget to save farmers from the burden of debts and loss due to natural calamities, she added.