Telangana chief minister K Chandrasekhar Rao has remained silent on the Union budget introduced by Finance Minister Arun Jaitley in the Parliament, since he had never reacted on the Central budget in the past.
Sources said KCR wants to play safe by not reacting, since he does not want to lose the confidence of Prime Minister Narendra Modi at this stage. If he opens his mouth, he has to talk about the injustice done to the state.
However, KCR’s daughter Kalvakuntla Kavitha, who represents Nizamabad Parliamentary constituency in Lok Sabha was all praise for Modi budget.
She said the tax reduction for medium, small and micro enterprises from 30 per cent to 25 per cent was a welcome move. It would benefit about 90 per cent of total industries of in the country and would also accelerate job creation which was the need of the hour.
She also welcomed the reduction of personal income tax rate from 10 per cent to five per cent for those with less than Rs 5 lakh income. It would increase the tax net and with less burden, more people would be ready to pay the tax.