INSUBCONTINENT EXCLUSIVE:
ANI |
Updated: Feb 02, 2020 05:22 IST
Bhubaneswar (Odisha) [India], Feb 2 (ANI): The Union Budget 2020-21, presented by Finance Minister Nirmala Sitharaman in
Parliament on Saturday, drew a mixed response from Odisha Chief Minister Naveen Patnaik, who has welcomed a few initiatives, but expressed
concerns over other announcements."We welcome the following initiatives - Krishi Rail and Krishi Udan for a seamless national cold supply
chain, PM-KUSUM to cover 20 lakh farmers for solar pumps, Removal of dividend distribution tax and introduction of concessional component
Odisha had requested for extension of concessional tax rates to cooperatives in line with corporate tax cuts
We welcome the announcement of concessional tax rates for cooperatives," Patnaik said.He hailed the increase of deposit insurance coverage
from Rs 1 lakh to Rs 5 lakh and announcement for New Education Policy and FDI in the education sector.However, Patnaik expressed his concern
over other initiatives and announcements."Almost all allocations under the centrally sponsored schemes have been stagnant
The divisible pool of central taxes has shrunk by almost 59,000 crores
This will reduce Odisha's share by about Rs 3,000 crores
None of the archaeological sites of Odisha have been included in the iconic sites to be developed," the Chief Minister said."Also, Odisha
deserves a National Tribal Museum
Drinking water is a national priority
Allocation of 11,500 crores nationally against an approved plan of 3.6 lakh crores is too little
In fact, Odisha spends about 3,600 crores in drinking water," he added."Sensex is an indicator of investor confidence
The drop of almost 1,000 points today shows that there is a huge scope to take a number of measures
Investor confidence is important for fresh investments to come in, to spur growth which is the biggest challenge now
This will have a huge impact on job creation and livelihood options for our youth," Patnaik further stated.Meanwhile, Puducherry Chief
Minister V Narayanasamy on Saturday said that the Union Budget is a "disappointment."Speaking to reporters at the Puducherry Legislative
Assembly, the Chief Minister said, "The budget was expected to boost the economy, however, it is very disappointing." (ANI)
