Your space: 2022 budget disappoints workers, middle class, readers say

The economy is still recovering from the pandemic

This budget points the way to near-term recovery. The Minister of Finance has announced huge capital expenditures. It will establish a solid foundation for the long term. As we are still recovering from the wounds inflicted by the pandemic, I think it was wise to be careful and careful when drafting future policies. There are many challenges ahead of our economy and due to the disruption caused by Covid, it will take time to recover. The middle class is disappointed because tax rates have not been reduced. The figures show that the Indian economy is recovering from the impacts of Covid and this is a positive sign. There have been no major changes in Aam Aadmi’s expenses because of this budget.

Sujata Joshi

Disappointed by Huge Crypto Tax

I don’t pretend to be an expert on the budget, nor do I understand the deep intricacies. Recently, I started to learn more about cryptocurrencies and their uses. Digital Rupee is to be launched by RBI in 2022-23 using Blockchain technology, the finance minister has said. Besides the 30% tax, there is an announcement of 1% withholding tax (TDS) on payments made when transferring digital assets. I think this tax should be a little less. Although the digital rupee is a welcome step, many young people like me have become aware of the workings, operations and transactions of stock markets and digital currencies. There is no point in India living in the shadows and staying away from this modern form of transactions. I realize that this is a delicate point on which to formulate a policy. So it’s a good step that we are now considering at least getting into digital currency. Digital transactions have now become mainstream in India and I am sure digital currency will be popular as well. However, I was a little disappointed with the lack of change in the income tax brackets.

Utkarsh Deshpande

No respite for farmers

I was not able to spot the major announcements for the agricultural sector. Farmers like me were hoping for an announcement or package from the union government after unseasonal rains and cyclones had impacted the agricultural sector for the past few years. I got the impression that the issue of rising fuel prices was also not addressed. For farmers and ordinary people, these are the important points to face in daily life. I think there should have been a specific announcement of a new scheme for farmers or an increase in compensation through the various schemes that already exist. The agricultural sector is already in trouble. Due to the uncertainty of weather conditions, farmers and their families are already under immense burden. Sometimes such climatic events have an impact on the quantity and quality of our products. After the union budget, the state budget will be presented next month. I hope that some of our problems will at least be solved in this budget.

Hemant Takawale

Digital rupee, university a welcome step

I found three rather interesting announcements in the budget. The first is the introduction of the digital rupee, the use of drones in the agricultural sector and digital universities. The use of technology is increasing in all sectors and if we are to keep up with the advancements of this era, there must be the use of modern technology in all sectors. Furthermore, such programs should not remain on paper and should also reach the lower strata of society. People should have easy access to it, only then will it impact their lives. Writing policies alone is not enough. There should also be effective implementation. Often ordinary people don’t realize the hype of the union’s annual budget. If they see that the provisions in the budget are reaching them, they will also understand its importance.

Ouday Kulkarni

Well-equipped health infrastructure, a far-fetched dream

It was a disappointing budget for the health sector. After facing three waves of Ccovid, there were expectations for the healthcare sector. Increase in the number of doctors and more medical faculties, but nothing was planned for that.

There should have been an allowance for the research and development of vaccines and other crucial medicines that we have to import. Emphasis should also be placed on research and development of new medical equipment, as this is a crucial part of treatment. For the health sector, this budget is neither relevant nor imaginative. The pandemic is not over and we may have to deal with further waves of massive infection. Also, during this period, we realized the crucial need for a well-equipped health infrastructure. Advanced hospitals, developed healthcare infrastructure, abundant medical manpower will not only benefit us in dealing with this pandemic but also in the future. Generations can benefit from it. Infrastructure everywhere, medical research, medical colleges, nursing institutes, importation of drugs and substitute equipment is under the union government and every year these things have to be taken care of .

Dr Avinash Bhondawe

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