Arun Jaitley presents Union Budget 2016: Here's how Twitter reacted

Updated: Monday, February 29, 2016, 15:12 [IST]

New Delhi, Feb 29: Union Finance Minister Arun Jaitley proposed his 3rd consecutive Union Budget on the floor of the Lok Sabha and focused over empowerment of rural areas.

However, the highly anticipated change in income tax slab was not introduced by finance minister.

Arun Jaitley listed 'nine pillars' including tax reforms, promoting ease of doing business and ensuring fiscal discipline, that will transform India.

Unveiling the Budget 2016-17, he said the pillars also include emphasis on governance reforms. The government, Jaitley said, will also focus on infrastructure investment, financial sector reforms, fiscal discipline and tax reforms to reduce compliance burden.

Here is how people reacted over social media:

Congratulations to @Arunjaitley ji & @FinMinIndia for a balanced, realistic & reformist #Budget2016 #VikasKaBudget
— Vasundhara Raje (@VasundharaBJP) February 29, 2016

Modi govt walks the talk. Thank you @narendramodi ji and @arunjaitley ji for giving a visionary budget in difficult times.#Budget2016
— Devendra Fadnavis (@Dev_Fadnavis) February 29, 2016

Markets in green now, will RBI cut rates in the next couple of days since govt has stuck to fiscal consolidation plan? #Budget2016
— Krishna Merchant (@KrishnaMerchant) February 29, 2016

All major CII recommendations have been covered in #Budget2016.~Sunil Munjal, Chair, Hero Corporate Service Limited pic.twitter.com/dRnKw5QXaR
— CII (@FollowCII) February 29, 2016

So I applaud the focus on farmers from the start. And particularly, not just on handouts but on rural infrastructure,irrigation,insurance
— anand mahindra (@anandmahindra) February 29, 2016

Subsidy to take LPG to BPL families a brilliant move. It will also do more to cleanse our air than any odd-even Tamasha/tokenism #Budget2016
— Shekhar Gupta (@ShekharGupta) February 29, 2016

This the most political budget speech in yrs yet. Tone echoes a hard Agro-povertarian swing. The govt seems losing nerve early #Budget2016
— Shekhar Gupta (@ShekharGupta) February 29, 2016

Leaving out beedis from increases taxes on tobacco is big nonsensical decision
just because BJP MPs & netas are beedi barons?#Budget2016
— loner (@sane_voices) February 29, 2016

Guess opposition leaders busy chatting rather than listening because theyre planning to oppose, say bad #Budget2016 regardless of details?
— Tanvi Madan (@tanvi_madan) February 29, 2016

Yo! Makes the names of these schemes more friendly. Its frustrating to hear really long, insert name of national leader, yojana #Budget2016
— Priya Ravichandran (@binaryfootprint) February 29, 2016

100 CRORE RUPEES for anniversary of Deen Dayal Upadhyay and Guru Gobind commemoration. Fancy parties planned? #Budget2016
— Rishika Baruah (@rishika625) February 29, 2016

Govt has nothing left for the middle class, not even cigarettes, bidi only to live upon plus Rs. 250/month. Perfect with my DP. #Budget2016
— শুভজিৎ ভাওয়াল (@BhawalSubhajit) February 29, 2016

All smokers upset with hike in tax on tobacco products should switch to taxfree. Bidis. #Budget2016
— Sumit (@_RKSumit) February 29, 2016

Cars, tobacco, alcohol, gold, diamond, costlier but no change in income tax slab #Budget2016
— Amit.A (@Amit_smiling) February 29, 2016

Rs 55,000 crore for roads & highway and a total of Rs 97,000 crore for new roads. #Budget2016 pic.twitter.com/wOACjAKs3g
— Dr. Sridhar Rao (@microrao) February 29, 2016

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