BJP MPs on Friday interacted with Union Finance Minister Nirmala Sitharaman on the deserves and demerits of the brand new and outdated revenue tax regimes at a briefing right here on the Union Budget, which was tabled in Parliament on Wednesday.
Members from each the Lok Sabha and the Rajya Sabha have been current on the briefing on the Budget, the final full one earlier than the 2024 Lok Sabha elections, and for which the BJP has drawn up a large outreach programme explaining the primary highlights.
“There was a power point presentation on the Budget and its highlights, but the Finance Minister went into great detail about the new and old income tax schemes, and the changed slabs. Tax issues always require this kind of explanations, they are never easy, and many MPs had queries on the relative merits and demerits,” mentioned a BJP MP current on the assembly.
There have been additionally questions on the slashing of allocation for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in contrast with the previous few years. The Budget allotted ₹60,000 crore for the MGNREGS, which is eighteen% decrease than the Budget Estimates of ₹73,000 crore for the present yr, and 33% decrease than the Revised Estimates of ₹89,000 crore for the scheme.
“On this, the Finance Minister said that the the hiked allocations for the Pradhan Mantri Awas Yojana, up 66% in this Budget, especially for tier two and three cities will make up for creation of similar employment. She said that during COVID-19 there were situations for increasing the allocations, and that the scheme is largely demand-driven,” the supply mentioned.
The capital expenditure detailed within the Budget was additionally gone into intimately, and flagged as one thing that the BJP MPs ought to talk about when speaking in regards to the Budget. The Mahila Samman Patra, a small financial savings instrument for girls with rate of interest as much as 7.5% for deposits of as much as ₹2 lakhs was additionally talked about.
The BJP kicked off its outreach programme on the Budget on Friday, with Chief Ministers of the States dominated by the occasion holding press conferences. As a part of the programme, Union Ministers may also fan out to the State capitals to speak in regards to the highlights of the Budget.