Budget 2023 Reaction: Some appreciated the Union Budget, some were disappointed, mixed reaction in Uttar Pradesh
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Union Budget 2023: Union Finance Minister Nirmala Sitharaman’s budget brought mixed reactions on Wednesday. On the one hand, the salaried people openly welcomed the increase in the tax exemption limit, while on the other hand, the businessmen expressed disappointment for not getting anything special, a section of the employees who are demanding old pension also looked disappointed with the budget.
Employees disappointed due to non-restoration of old pension: Sunil Yadav
President of Pharmacists Federation and former Chairman State Pharmacy Council Uttar Pradesh Sunil Kumar Yadav said that there is disappointment among the employees due to non-restoration of old pension in the budget (Union Budget 2023). Increasing investment in pharma research is a welcome step. Finance Minister has announced to increase investment in Pharma research and give priority to innovation. This will create employment, while India will develop further in the field of public health with the help of qualified people in the pharma industry and pharmacy sector.
India should be developed as a pharma hub
Sunil Yadav says that India is the largest provider of generic drugs in the world with a share of 20% of the total global pharmaceutical exports. It is also the world’s largest vaccine supplier by volume. That’s why India should be developed as a pharma hub. The demand of the employees was that income up to Rs 10 lakh, pension and medical reimbursement should be exempted from income tax. On which the Finance Minister did not announce and no standard deduction was also increased.
The hope of restoration of old pension in the budget is lost: Atul Mishra
The State Employees Joint Council has termed the budget as anti-employee interest due to non-announcement of restoration of old pension in the budget of the central government. Council General Secretary Atul Mishra and Chief Vice President Sunil Yadav said that there was a demand of the employees that the old pension should be restored. Income up to 10 lakh and pension should be exempted from income tax. But no announcement was made in the budget on these demands of the employees. Increasing tax free income from 5 lakh to 7 lakh in the budget will definitely give some relief.
Make Medical Reimbursement Tax Free
Atul Mishra said that medical reimbursement should be made tax free. Because it is a reimbursement of the expenditure incurred. That’s why it cannot be a part of income. The Council has also expressed concern over the absence of any plan for permanent employment generation. According to the council, privatization plans can never be in the interest of the country. That’s why the government should increase the budget in the direction of permanent employment.
Gift to all sections: Dharmesh Kumar
Sanjay Gandhi PGI Employees Federation General Secretary Dharmesh Kumar said that Union Finance Minister Nirmala Sitharaman has given a gift to almost all sections of the country in the union budget. Especially in the budget, taking special care of salaried employees, they have been given income tax benefits. Whose employed middle class people were waiting for. We thank the Finance Minister and the Central Government.
The youth is craving for livelihood, what kind of nectar is this: Satchitananda
Employee leader Sachita Nand Mishra said that the youth have been disappointed in the Union Budget. Where on one hand lakhs of youths are looking for jobs after doing expensive studies, on the other hand 80 lakh people are standing in line for ration. Government jobs are being closed and contract jobs are being given. No plan has been told to put a stop to this inflation. When the total annual income in the new job is not only 2 lakhs, then how to live and how to get tax exemption? Today the youth is yearning for livelihood, what an immortal time it is!
Traders disappointed with the first budget of Amrit Kaal: Rajkumar Yadav
State President of Sarvhit Vyapar Mandal Rajkumar Yadav said that increase in income tax exemption limit was one of the main demands of traders. Which the government completed. People will save money by increasing the income tax exemption limit. Due to which there is a possibility of increase in business. Reducing the processing of tax returns from 90 days to 16 days is a welcome decision. Traders will get some relief from 1 percent discount in interest rate to MSME. Not fulfilling the demand of e-commerce policy is disappointing. There is nothing for retail traders in this budget.
Traders of Sarvhit Vyapar Mandal State Secretary Afzal Ahmed, State Minister Ajay Verma, Mani Nath Dubey, Saurabh Gupta, Anil Singh, Sunny Singh, Mohammad Mahmood, Ashwani Mishra, Vaibhav Aggarwal, Mohammad Mushir, Anand Katiyar, Iftikar Khan, Rajesh Pal, Shyamu Saxena, Rajendra Shahu, Deepak Sharma listened carefully to the Finance Minister’s budget at RR Guest House Sarvodaya Nagar Indira Nagar. He said that with the disappointment of the traders from the budget, there is a hope that the traders may get the benefit of income tax limit exemption.
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