Monday, September 28, 2020
Home Business India: Government Aims to Increase Present $2.7 Trillion Economy to $5 Trillion...

India: Government Aims to Increase Present $2.7 Trillion Economy to $5 Trillion by 2025

The middle class literally wailed when the petrol prices shot up by Rs 2.50 per litre, diesel prices hiked up by Rs 2.30 per litre

The moment after the “bahikhaata” Union Budget was presented on Friday, people took to social media platforms that erupted with angry and perplexed reactions.

“Your folder is sanskaari, symbolising ‘departure from slavery of western thought’, but your aspirations are 3 trillion ‘US DOLLARS’ economy, huh hypocrite!” tweeted a user.

Finance Minister Nirmala Sitharaman announced that the government aims to increase the present $2.7 trillion economy to $5 trillion by 2025.

“Instead of making US dollar a bench mark of aspirational currency, why not work on making Indian Rupee stronger?” another user posted.

India, Government, Economy
The moment after the “bahikhaata” Union Budget was presented on Friday, people took to social media platforms. Pixabay

Another social media user shared the lines from an old song: “Achcha sila diya tune mere pyar ka”.

The middle class literally wailed when the petrol prices shot up by Rs 2.50 per litre, diesel prices hiked up by Rs 2.30 per litre just hours after the union budget was presented.

“This has been one of the poorest budgets for common honest tax payer and middle class. You are bound to lose many supporters,” a user wrote in reply to former finance minister Arun Jaitley’s tweet on the budget.

“Petrol prices, diesel prices higher. What are the benefits for honest tax payers? What is the tax benefit, pension benefit, gratuity amount holding by corporate companies?? You really care for honest people (Salaried)?” another person tweeted.

Also Read- Dark Connection: Nationalism and Nazi Spooning

The budget also announced that for I-T returns, PAN and Aadhaar cards would be made interchangeable to help tax payers file their returns.

“So ‘PAN and Aadhaar will become interchangeable’ is somehow a tax benefit to middle-class Indians? So, you first introduce a problem, and then increase the problem, make it more complicated, and then reduce it again (but still keep it confusing) – that somehow becomes a benefit?” a user questioned the decision.

“PAN and Aadhaar interchangeable will not help middle class,” another user tweeted.

People also criticised that the issue of unemployment was not addressed seriously.

India, Government, Economy
Finance Minister Nirmala Sitharaman announced that the government aims to increase the present $2.7 trillion economy to $5 trillion. Pixabay

“Hopeless budget 2019… no help or news for unemployment,” a tweet said.

The millennials, however, had some fun with the budget.

“So, the budget has been declared, still there is no announcement on subsidy for annual subscription of Netflix, Prime and Hotstar. Is this the India we want to live in?” posted a Twitter user.

The funny memes also kept circulating.

Also Read- Banning e-cigarettes But Not Tobacco is Contradictory: Industry

Depicting the “before budget” and “after budget” feelings, a meme showed Prime Minister Narendra Modi first sitting on a rock, and then lying down flat on the rock.

The images and videos of former Congress President Rahul Gandhi looking blank and later dozing off went viral. (IANS)

STAY CONNECTED

19,133FansLike
362FollowersFollow
1,776FollowersFollow

Most Popular

The Party Culture of Hindi Film Industry

BY VINOD MIRANI The film industry was known for its party culture. The alcohol flowed freely catering to choice of all, from beer to vodka...

High Levels of Air Pollution Leads to Increase in Electricity Consumption: Study

Researchers have found that high levels of air pollution are forcing people to consume more electricity, subsequently causing even greater environmental problems by increasing...

Using Weighted Chain Blankets May Improve Sleep of Insomnia Patients

Using weighted chain blankets may lead to better sleep maintenance, a higher daytime activity level, and reduced symptoms of fatigue, depression and anxiety among...

Pandemic Will “Turn Tourists into Travellers”: Rider Mohit Kharbanda

By Puja Gupta Rider and influencer Mohit Kharbanda has covered nearly 2 lakh kilometres across India and several other countries in his motorcycle since he...

SAATHI: Ministry of Tourism Partners QCI to Assist Hospitality Industry

To assist the hospitality industry in their preparedness to continue operations safely and mitigate risks arising out of the Covid-19 pandemic, the Ministry of...

AR/VR, 3D Technologies in Online Shopping Can Enhance Consumer Purchasing: Report

As millions of people stay home in the pandemic, immersive technologies such as augmented and virtual reality and 3D content can enhance consumer purchasing...

Hockey India Conducts Online Course in a Bid to Improve Standard of Coaching

In a bid to continuously improve the standard of coaching across the country, Hockey India has been conducting the 'Basic' Level coaching course (online)...

Chatbot-Based AI Health Apps Can’t Replace a Doctor: Study

As millions of people turn to their mobile devices to talk to chatbot-based health apps, researchers have revealed that existing apps lack the functions...

Recent Comments