Budget 2021 Highlights: Chidambaram lashes out at govt; says migrants, farmers deceived
Union Budget 2021 Highlights: Congress leader P. Chidambaram said that the government had only marginally raised health funding, which when adjusted to inflation becomes nil
BusinessToday.In | February 1, 2021 | Updated 19:56 IST
Union Budget 2021: Although the government has claimed a massive increase of 137 per cent in health allocation in Budget 2021, Congress leader P. Chidambaram lashed out at the Centre saying the figure was just a conjurer s trick
Union Budget 2021
: Although the government has claimed a massive increase of 137 per cent in health allocation in Budget 2021, Congress leader P. Chidambaram lashed out at the Centre saying the figure was just a conjurer s trick. Chidambaram further said that the government had only marginally raised health funding, which when adjusted to inflation becomes nil.
Budget 2021 Highlights: Chidambaram lashes out at govt; says migrants, farmers deceived
Union Budget 2021 Highlights: Congress leader P. Chidambaram said that the government had only marginally raised health funding, which when adjusted to inflation becomes nil
BusinessToday.In | February 1, 2021 | Updated 19:56 IST
Union Budget 2021: Although the government has claimed a massive increase of 137 per cent in health allocation in Budget 2021, Congress leader P. Chidambaram lashed out at the Centre saying the figure was just a conjurer s trick
Union Budget 2021
: Although the government has claimed a massive increase of 137 per cent in health allocation in Budget 2021, Congress leader P. Chidambaram lashed out at the Centre saying the figure was just a conjurer s trick. Chidambaram further said that the government had only marginally raised health funding, which when adjusted to inflation becomes nil.
Synopsis
“. we are a bit disappointed that concerns of the telecom sector, which is the backbone of digital India, remained unaddressed,” said Cellular Operators Association of India (COAI) director general (DG), SP Kochhar .
Agencies
The industry body said although the overall Budget tabled by finance minister Nirmala Sitharaman on Monday was “pro-investment” and “pro- growth”, it overlooked the sector at a time when telcos are going to launch 5G services.
Telecom operators are disappointed that their concerns to improve the health of the telecom sector were not addressed in the Union Budget.
“. we are a bit disappointed that concerns of the telecom sector, which is the backbone of digital India, remained unaddressed,” said Cellular Operators Association of India (COAI) director general (DG), SP Kochhar .
Telecom industry body COAI on Monday expressed disappointment over budget proposals, saying that none of the concerns of the sector such as reduction in levies was addressed. The Cellular Operators Association of India (COAI), whose members include Reliance Jio, Bharti Airtel, Vodafone Idea, said that the government has not considered the request of the industry to exempt the payment of government levies such as LF, SUC and spectrum installments etc from GST. We welcome the budget as it is pro-investment and pro-growth. It will provide the much-needed impetus to economic growth post the pandemic and will set us on the path to becoming Atmanirbhar Bharat.
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Does not address concerns over inequitable growth, say experts
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Union Finance Minister Nirmala Sitharaman addresses a press conference in New Delhi on February 1, 2021. | Photo Credit:
Sandeep Saxena
Does not address concerns over inequitable growth, say experts
The Union Budget 2021-22 drew mixed responses from the corporate sector. While it was largely welcomed by India Inc, which termed it a ‘budget for growth’, sectors such tourism and telecom expressed disappointment that their concerns were not addressed. Analysts too pointed out that the Budget does not provide any specific support for sectors stressed due to the pandemic.
The two major industry bodies CII and FICCI hailed the Union Budget. Uday Kotak, President of CII, said the Finance Minister delivered on her promise of unveiling a ‘Budget Like No Other’, adding that she had announced a “raft of prudent measures aimed at rejuvenating government spending towards critical