"Just like the railway budget, there are no specifics in this budget there are no roadmaps," he said in a reaction to the budget.

The union budget for the year 2014-15 presented by Finance Minister Arun Jaitley on Thursday was greeted with mixed response.

Most of the political leaders said the budget was ‘in the right direction’ and would ‘pay long-term dividends’, however the opposition parties slammed the budget saying it had nothing for the common man.

The Union Budget for 2014-15 presented by Finance Minister Arun Jaitley in the Parliament on Thursday left income tax rates unchanged but provided sops to small and marginal assessees by raising the threshold exemption limit from Rs 2 lakh to Rs 2.5 lakh and investments under 80C by Rs 50,000 to Rs 1.5 lakh while promising not to bring tax changes with retrospective effect.

(Agencies)

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