Congress President Mallikarjun Kharge:
“We expected some new schemes to ease the suffering of POOR and MIDDLE CLASS from this Interim #Budget2024. FM has said that they will present a WHITE PAPER on the previous government. Ever since the Modi government came to power, only big dreams have been shown to people. Schemes are relaunched by changing names. But it is not told what happened to the old promises? How will the new dreams being shown get fulfilled?
Any budget has two aspects: One of which is to provide a status report on the previous years, and the other is to provide a vision for the next year, both of these are MISSING from this Interim Budget!”
AAP MP Swati Maliwal
“This is a disappointing budget. Inflation and unemployment are at their peak in the country but there is nothing about it in the budget…It is a disappointing budget for the common people.”
Sudarshan Venu, MD, TVS Motor Company
“The emphasis on homes for the middle class and expansion of women self-help groups shows the government is committed to development across the board, even as it encourages investment in sunrise sectors and technology. For the automobile sector in particular, the continued infrastructure spending with the push to develop the EV ecosystem is exactly what the industry needs.”
Narinder Mittal, Country Manager & Managing Director – Agriculture Business, CNH India & SAARC
“The Interim Budget has reinforced the upliftment of farmers with the continuation of PM Kisan Samman Yojana, which annually extends direct financial assistance to a substantial 11.8 crore farmers. The focus on oilseed production and processing marks a significant stride in reducing import dependency while creating new avenues for the growth of the agricultural community. Additionally, the expansion of the crop insurance scheme to benefit 40 million farmers will enhance resilience against unforeseen risks. Moreover, the allocation of financial assistance to support the procurement of biomass aggregation is a commendable move.”
Mukundan, MD & CEO, Tata Chemicals Limited
“The Interim Budget has presented clear vision for Viksit Bharat by 2047 using demography, democracy and diversity as enablers. It reinforces India’s commitment towards people-centric, inclusive and sustainable development, with every Indian becoming active players in national growth.
The announcement of the bio-manufacturing and bio-foundry scheme gives fillip to India’s larger green growth mission. Along with climate-resilient activities for restoration and adaptation measures, these initiatives will go a long way in supporting our net-zero 2070 goals. Guided by the principle ‘Reform, Perform, and Transform’, the government has taken up next generation reforms such as strengthening the e-vehicle ecosystem, underscoring India’s ambition to be a manufacturing hub.”
Niraj Rajmohan, Founder, CTO, Ultraviolette Automotive
“At Ultraviolette we firmly believe that electric mobility is the future. There is a compelling need and opportunity to accelerate adoption by establishing reliable ecosystems around EVs. We are happy to see the Government of India’s renewed commitment to EV manufacturing. The expansion of the charging infrastructure will make charging more accessible and boost the convenience for EV owners.
While we appreciate the lower GST rates on EVs and chargers which have made EVs more affordable, we believe that the reintroduction of tax benefits for EV financing will greatly incentivize adoption. With respect to the larger policy framework, we continue to advocate that subsidies and benefits should spur cutting-edge technology development and not be capped by product cost.”