Budget will revive economic growth and create new job opportunities: Rajnath

Defence Minister Rajnath Singh on Saturday hailed Union Budget for 2020-21, saying it will revive growth and rejuvenate demand in ecomy. Singh said budget is t only investment friendly but it will go a long way in doubling farmers' income and unshackling Indian industries.

" first budget of new dece presented by Finance Minister Nirmala Sitharaman gives an outline of a new and confident India. It is a promising, proactive and progressive budget which will make India healthy and wealthy in coming years," Singh said. ‬

He said budget has a clear focus on welfare and development of all sections with a special attention to farmers, ding that measures anunced by Sitharaman will certainly spur growth and create new job opportunities.

" budget also promises investors, tax payers and wealth creators a predictable environment by assuring m of protection against tax harassment," Singh said.

" new tax reforms introduced in Budget this year are extremely progressive, bold and unprecedented in nature. new tax regime will reduce tax burden on common man. It will pave way for an efficient tax system, in sync with best practises in world," he said.

defence minister also complimented Sitharaman for proposing policy intervention in areas like new techlogies, saying investments in se sectors will build a strong foundation for a new India based on kwledge driven ecomy.

"By focusing on reviving growth and rejuvenating demand budget is expected to trigger a new virtuous cycle in our ecomy," he said.

Singh said budget proposals have emphatically laid a foundation to achieve goal of USD 5 trillion ecomy by 2024-25. "I must congratulate Prime Minister Narendra Modi and finance minister for giving country an excellent budget by dressing aspirations of people, and, at same time, clearly underling our national goals and priorities," defence minister said.