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Delhi reacts to Union Budget 2015

India’s economy is a ‘super giant’, said Finance Minister, Arun Jaitley while presenting the BJP government’s Budget 2015 which promises to ignite India’s growth engine and take it forward slowly but surely.

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The Union budget 2015 has brought both relief and disappointment to the common man. Here's what the aam aadmi of Delhi feels about Modi government's version. 
 
“I am happy that the government has finally spoken about senior citizens. For us, tax deductions under Section 80D has been raised to Rs. 30 thousands,” said Subhash Chander, a resident of Gurgaon.
 
“I am not happy with the budget as my mobile bills will go up now. Moreover, food will also cost us more in restaurants,” said Komal Sharma, a student of MA English.
 
“The budget comes as a positive sign for the economy. Perhaps for the first time, a finance minister who has given economy more importance than politics,” said Kshitij Sharma, software engineer at Infosys.
 
“As expected the budget majorly focused on growth of infrastructure in the country. However, the ambiguity on the smart city project, which was announced in the previous budget continues with it, getting no mention in the current budget,” said Ganesh Vasudevan, CEO Indiaproperty.com
 
“The provision of Rs. 1000 crore corpus to facilitate start-ups is a good start. However, more investment is required to establish India a major service provider globally, as Indian economy is entrepreneurship-driven,” said Bhuvnesh Talwar, budding entrepreneur.
 
“The benefit of the BJP government’s budget has been very nominal. They have not increased the limit for tax exemption, investment and PF. Since the overall growth of the economy is being aided by surplus money coming to the government treasury, they have increased investments in infrastructure, which is the only good step. There is no direct benefit for the common man,” said Vikram Sehgal, a self-employed Chartered Accountant.
 
“Eating out has been made more expensive, we will try to be more prudent. We had to set up a new home, which will be difficult as the prices of consumer durables will increase,” said Shweta and Anand Sethi, a newly married couple living in Delhi.
 
“The government is trying to encourage people to park their money in more saving instruments. I noticed that they have increased the travel allowance of people and given rebate on health premium,” said R Srikant, stock broker.
 
“We welcome the focus on giving financial aids for improving educational infrastructure and encouraging entrepreneurship. The setting up of Mudra Bank is an interesting development and will help business creation by providing financial aids, with a special allocation being made for the SC/ST/OBC communities which form the backbone of Indian entrepreneurial sector,” Pallavi Rao Chaturvedi, Director, AISECT.  
 
“Upgrading 80,000 secondary schools will boost the drive to eradicate illiteracy. The quality of education needs to improve as well, with a special emphasis on providing superior training to the teachers and supporting staff to empower the educational system,” said Nupur Kaul, a teacher in one of the private senior secondary schools.    

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