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BIG STORY FEBRUARY 11, 2022 | The Indian Eye 5

A woman speaks on the Mobile phone at Showroom as television screens display the live Shareholders and brokers pose a victory sign during the live telecast
telecast of Union Budget 2022-23 in Mumbai on Tuesday (ANI) of Union Budget 2022-23 (ANI)

ing to the cautious approach seen in The industry also sees the budget tor, Findoc. disregard of the burdens and suffer-
this budget. Again, a sign of responsi- 2022 as a move towards growth, digi- But Congress leader P Chidam- ings of the people,” he said.
bility on the side of the policymakers, tization, and financial inclusion in the baram on Tuesday slammed the Union “I was astonished the Finance
he added. country. “The budget has been able Budget saying there was “not a word” Minister was outlining a plan for the
Others also see some positives to deliver a lot of promises for farm- about giving relief to the tax-paying next 25 years, which she called the
in the budget. The imposition of 30 ers, SMEs, infrastructure, e-vehicles middle class or cash assistance to the Amrit Kaal! The government seems
per cent tax on proceeds of digital and digital currency. The extension of very poor and the budget speech “was to believe that the present does not
assets, as announced in the Union one year of tax holiday for start-up in the most capitalist speech” ever read need any attention and the people liv-
Budget 2022-23, will lead to huge tax taxation is a welcome step. Real-es- by a finance minister. ing in the present can be asked to wait
collections as the turnover of the top tate sector, whether commercial or “By any standard, today’s budget patiently until the Amrit Kaal dawns.
10 crypto exchanges in the country is housing runs on a sentiment and with speech was the most capitalist speech This is nothing but mocking the peo-
around Rs 1 lakh crore, said JB Mo- so many sectors receiving budgetary ever read by a Finance Minister. The ple of India, especially the poor and
hapatra, Chairman, Central Board of support, it will definitely go a long way finance minister has mastered the the deprived,” he said.
Direct Taxes (CBDT). for the real-estate sector as well,” said jargon of capitalist economics. Read Congress leader and former
The CBDT chairman said there Aankush Ahuja, Director of Business her speech again: count the number deputy chief minister of Rajasthan
are around 40 crypto exchanges func- Development and Investments. of times she used the words digital, Sachin Pilot on Wednesday said the
tioning in India out of these 10 are sig- “This is one of the most positive portal, IT-based, paperless, database, union budget would promote infla-
nificant transactions. Their turnover is and growth-oriented budgets from ecosystem, global, atmanirbhar. The tion and not generate employment.
between Rs 34,000 crore to Rs 1 lakh Finance Minister and Modi Govern- word ‘poor’ occurs twice in paragraph “This budget is full of inflation but
crore. Mohapatra said, “If we charge ment. We feel the budget has been six, and we thank the FM for remem- less of employment. Currently, there
TDS at 1 per cent on these turnovers able to address a number of issues, es- bering that there are poor people in are three main issues, farmers’ issues,
then you can estimate the collection pecially after the pandemic slowdown. this country,” he said. inflation, unemployment,” said Pilot.
through TDS income tax department The Government has given good fo- The Former Finance Minister “Government should’ve given relief
will get. The proposal to tax 30 per cus on infrastructure, jobs, banking said the “government behaves and to the people who are suffering from
cent on the individual transactions industry, farmers and people needing acts as though it is on the right path” inflation but Finance Minister disap-
from April 1, 2022 government will Government’s support. The sectors and has delivered on the issues that pointed them,” he added.
generate huge tax collection, but it which will be highly benefiting from matter to the common people. Meanwhile, Congress leader Ra-
will be very difficult to say at the mo- these announcements include infra- “This is false. This is also hul Gandhi slamming the Centre over
ment what will the exact tax collection structure, banking and real-estate,” bull-headed obduracy. This also re- the Union Budget said that it does not
by taxing the transfer of digital assets.” said Hemant Sood, Managing Direc- flects the government’s contemptuous have anything for the salaried class,
The thrust of tax proposals an- middle class, poor, youth, farmers and
nounced in the Union Budget 2022-23 MSMEs.
is to simplify processes, reduce litiga- “M0di Government’s Zer0 Sum
tion and provide a stable tax regime, Budget! Nothing for--Salaried class--
JB Mohapatra, Chairman, Central Middle class--The poor and deprived-
Board of Direct Taxes (CBDT) said -Youth--Farmers--MSMEs,” tweeted
on Wednesday. Rahul Gandhi. Nationalist Congress
He further stated that the pro- Party (NCP) MP Supriya Sule on
visions relating to litigation man- Thursday urged the Centre “not to
agement to avoid repetitive appeals, live in a la-la land” and rather intro-
clarification on various interpretation spect what the economy is doing and
issues to plug long prone litigation what is happening in the country.
between taxpayers and the tax depart- It is too early to say if the govern-
ment, new provisions inserted to ease ment will introspect how the economy
faceless assessment process based on is doing. But with the general election
last year experience are some of the A shopkeeper arranges the mobiles at a showroom in Kolkata as the prices of mobiles get just two years away, they have to hope
key changes announced in the Fi- cheaper after the presentation of the Union Budget (ANI) that this budget works for the majority
nance Bill, 2022. of people.

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