How is the Budget viewed by Chidambaram with regards to its benefits to the rich and the poor

1. Chidambaram acknowledges that the Budget contains measures aimed at benefiting the poor, such as increased social welfare spending, subsidies for essential goods, and poverty alleviation programs. 2. He highlights that the Budget also includes provisions that benefit the richest individuals, such as tax breaks, incentives for investments, and relaxation of wealth tax policies. 3. Chidambaram emphasizes that the Budget aims to strike a balance between uplifting the poor and supporting the wealthy to drive economic growth and job creation. 4. He argues that policies targeting the rich can stimulate investments, leading to economic prosperity that ultimately trickles down to benefit the lower-income groups.

Chidambaram views the Budget as benefiting both the rich and the poor, attributing its positive impact across different economic strata. Here are some key points highlighting his perspective:

• The Budget introduces policies aimed at improving the financial well-being of the poor by enhancing social welfare schemes and providing targeted assistance.
• At the same time, it includes measures that benefit the wealthiest individuals by promoting investment opportunities and economic growth.
• Chidambaram recognizes that a balanced approach in the Budget ensures that wealth distribution is not skewed towards one particular group, fostering inclusive economic development.
• His assessment underscores the significance of policies that cater to the needs of diverse segments of society, thereby fostering overall prosperity and equity.