Hyderabad, Jul 10 UNI | 18 days ago

Common people and the salaried expressed happiness over the proposals in the Narendra Modi government's maiden budget presented in Parliament today.

The proposals for duty cut leading to lower prices of branded clothes, footwear, mobile phones, TV sets, soaps and computers, among other things, brought cheer to a majority of people.

The salaried people were happy over the proposal to increase the income tax exemption limit by Rs 50,000 to Rs 2.5 lakh. Senior citizens too had a reason to smile on the proposal to raise their IT exemption limit to Rs three lakh.

The proposals to provide tax concessions on home loans made prospective buyers of homes and flats happy.

Needless to say, smokers and gutka chewers were a bit gloomy over the move to hike duties on cigarettes and tobacco-based items.

People were seen glued to their TV sets in homes, offices, even shopping malls and other business establishments eagerly watching Finance Minister Arun Jaitely presenting the budget in Parliament.

Most TV channels aired special programmes on the union budget with experts and economists expressing their views on the budget proposals and their possible impact on the nation's economy.

(Posted on 10-07-2014)