The Narendra Modi government today announced the fifth and last full Budget of its current term, which was delivered by Finance Minister Arun Jaitley. The government expects economic growth to surge above eight percent post this budget, which has allocated billions of dollars for rural infrastructure and unveiled a health insurance program for around 500 million poor citizens.
However, the social media remains sceptic, and is worried about what comes the middle class’ way. While many are wailing about the Budget 2018, the others have taken this opportunity to meme and mock their way out of it.
Since birth I have seen two types of budget!!
1. Bad Budget and nothing for middle class!
2. Good Budget but nothing for middle class!#Budget2018
— Shash (@pokershash) February 1, 2018
Corporate tax rate cut to 25%
Salaries of MPs are being doubled
Aur tum saala middle class log pakoda becho aur tax bharo ! #Budget2018
— Md Asif Khan (@imMAK02) February 1, 2018
— Bhavesh Vasoya (@vasoya_bhavesh) February 1, 2018
Clearly, Twitterati isn’t particularly happy with what the Budget 2018 has in course for the middle class.
— Ritik (@RitikRai619) February 1, 2018
— Rishabh Srivastava (@AskRishabh) February 1, 2018
— Anirudh (@AnirudhD07) February 1, 2018
— Maithun (@Being_Humor) February 1, 2018
On the contrary, the Finance Minister today said that the the income tax in India is the lowest in the world, and so much couldn’t be done about that.
But you know who are the best people? Who know how to laugh it out.
— Siona Gogoi (@AtomicBlow) February 1, 2018
— The-Lying-Lama (@KyaUkhaadLega) February 1, 2018
Simultaneously, the Union Budget for 2018-19 has announced a customs duty hike from the current 15 percent to 20 percent, which means higher taxes paid on mobile phones, and import of mobile phone parts.