Finance Minister Nirmala Sitharaman while presenting the Union Budget 2020-21 quoted the former Prime Minister Rajiv Gandhi's infamous admission about 'leakages' in benefit transfer and informed about how the current government has overcome such hindrances, leading to better channeling of the schemes towards the citizens.
"A former prime minister had once voiced a concern that the fruits of the welfare schemes were not reaching the intended citizen. the common and deserving citizens were only receiving 15 paise of every Rupee sent to him..." she recalled.
"Guided by Sabka Sath Sabka Vikas Sabka Vishwas our government and our prime minister added manifold speed and scaled up the implementation of schemes and programs that directly benefited the poor and the disadvantaged," Sitharaman said.
Speaking of the GST, the Finance Minister said that the GST reform has integrated the Indian economy while consolidating multiple tax systems into one simple tax, and in doing so, also led to abolishing 'inspector raj'. The FM said, "GST has integrated the country economically and has consolidated multiple taxes. GST has led to 'inspector raj' vanishing, referring to the pre-liberalisation period. An average household now saves 4 percent of monthly spends due to reduced GST rates. Total of 60 lakh new taxpayers have been added and 105 crore e-way bills generated under GST".
While starting her speech, Nirmala Sitharaman had outlined that the Budget's focus would be increasing incomes and boosting purchasing power. She had outlined its three themes - 'Aspirational India, Economic Development for all, and that India shall be a caring society.'