What did the middle class, employed people get in the budget and why is the government thinking of creating a bad bank. CNBC-Voice spoke to Minister of State for Finance Anurag Thakur on some such questions. Let’s know what they have to say about the budget.
Expectation of people in Corona era? Responding to this question, the Minister of State for Finance said that not only new tax but relief has also been given in the budget. In the epidemic too, the government has set a target and government spending will have a multiplier effect. At such a time, the government has not only saved the lives of the people but has also saved the economy.
Why no relief to the working class? On this question, he says that he has given an incentive to put him back on the job. Interest has also been given relief on interest. When investment comes, employment opportunities will come. Infra will generate employment in rural areas.
How to get immediate relief from investment in infra? On this question, Minister of State for Finance Anurag Thakur says that the government has given 8 months of food grains to 80 crore people. The EPFO has been spent on schemes such as welfare. Some farmers have been confused. On the question of not giving relief on petrol, diesel, he says that the major share of tax comes to the states. States should start giving relief. Cess has been imposed for the benefit of farmers.
Talking about the thinking behind the privatization of the government, he said that the target of investment of 1.73 lakh crore will be met with privatization. The Strategic Sector has a clear definition. Disinvestment will lead to growth of companies. Talking about the time limit for privatization, he said that the time limit depends on many things. Efforts will be made to complete the process soon.
The vaccine will be given free to all? Answering this question, he said that the Modi government has taken care of everyone in the epidemic. The country vaccine has been given to 100 countries of the world. No money has been taken for the vaccine yet. Many things depend on whether the vaccine will be free or not. What is the benefit of creating a bad bank? On this question, he said that creating a bad bank is the way to clean the balance sheet of banks.