Expectations soar high from Union Budget 2020-21.

Source:- dailypioneer.com

With the Union Budget of India being presented by the Finance Minister Nirmala Sitharaman on February 1 for the financial year 2020-2021, Ranchiites have high hopes for the coming year. Income tax concessions, reduced prices of basic commodities, improvement in the education sector are what the people of Ranchi are looking for.

Kunal Ajmani, President Federation of Jharkhand Chamber of Commerce and Industries (FJCCI) said, “I feel there should be a reduction in personal income just the way it has been done in the corporate tax. The MSME’s which give employment to a major part should be given incentives for exports.

As exports would increase, the expansion, income, production and employment will also simultaneously increase. As for the E-commerce there should have some strict laws so that the local traders, retailers can have a boost in their business.”

“In the education sector, changes need to be made regarding higher education. There is a lack of teachers and qualified lecturers should be appointed on a permanent basis instead of contractual basis and this should also be a continuous process. At the Ranchi Veterinary College, where there are about 125 posts and apart from 15- 20 posts all are lying vacant. Appointments have not been made for past 13 to 14 years now.

Appointment of teaching and non- teaching staff needs to be done to maintain the standard of education. For rural development, animal husbandry needs to be promoted,” said Dr Ashok Kumar Shrivastava, Retired Dean of Ranchi Veterinary College.

“The minimum wages of the people who work as daily labourers and daily workers is very less. These are the basic human rights a person needs and in India this is not taken care of. Another factor that needs to be considered is the inflation.

 The prices for everything required for daily living has escalated over the past few years,” said Debolina Sen Hirani, a lawyer with the Jharkhand High Court.

“A significant amount of the budget should be allocated for the education and the healthcare sector and this should also include mental health. The budget should also focus on investment in those areas which can generate employment and create more job opportunities for the youth. Over 30 per cent of our youth is facing anxiety and depression so it is extremely important to address this issue. It should also focus on sports and the development of sportsmen should be taken care of,” said Shilpi Singh, faculty member at TIME.

Ashish Kumar, a city based garment manufacturing businessman said, “The textile industry has maximum man power utilization and in the last year more than 30 Lakh people lost their jobs in this sector.

The Government should introduce subsidies in this industry to promote start ups. There is also a lack of training centres for skilled manpower which needs to be taken care of. The GST slab should also be standard at five percent.”

“There is a high rate of inflation in the fruit and vegetable market and the government should strive to keep the prices under control.

 LPG rates should also be reduced. The budget should also focus on the development of young children which are the future of the country. Most importantly the budget should also include some women welfare schemes,” said Sunita Singh, a home maker.