Hitting out at finance minister Nirmala Sitharaman, senior Congress leader P Chidambaram claimed that the former has deceived the people of India, especially the poor, the migrant labourers and the farmers.
바카라The budget was a let-down like never before. This budget, like the previous one, will unravel sooner than you think,바카라 senior Congress leader P Chidambaram said.
Hitting out at finance minister Nirmala Sitharaman, senior Congress leader P Chidambaram claimed that the former has deceived the people of India, especially the poor, the migrant labourers and the farmers.
Claiming that the Centre has imposed cesses on a large number of products, Chidambaram alleged that a cess of Rs 2.50 on per litre of petrol and Rs 4.00 on per litre of diesel 바카라is a cruel blow to the average citizen, including the farmers바카라.
바카라It (The Centre바카라s move) was a vengeful act against the thousands of farmers who took out the longest tractor rally in history. It was also a cruel blow to federalism because the states do not get a share of the revenue from cesses,바카라 Chidambaram said.
The senior Congress leader also claimed that the Finance minister did not mention many important aspects in her budget speech.
바카라She did not mention defence at all, as if the Chinese have vacated occupied Indian territory. She did not mention that defence expenditure in 2021-22 will see no rise. It is flat at Rs 3,47,088 crore, almost the same as the Rs 3,43,822 crore in the current year,바카라 the Congress leader said.
Chidambaram also alleged that the Country바카라s current fiscal situation is in a mess. 바카라The Revenue Deficit (7.5%) and the Fiscal Deficit (9.5%) in the current year have exceeded every prediction, including the government바카라s. In 2021-22 the government estimates it will borrow about Rs 3.42 lakh crore less, but nobody is willing to believe the government. The 바카라borrowing바카라 number has been under-stated by assuming that there will be disinvestment revenues of Rs 1.75 lakh crore. The record of this government on disinvestment is poor. The government has also assumed that tax revenues will increase by 15 per cent 바카라 another questionable assumption,바카라 he said.
The Congress leader also lashed out at the Centre over the budget that was allocated to the agriculture sector and claimed that the 바카라farm sector has been short changed바카라.
He also raised concerns over the budget that was allocated to the micro, small and medium enterprises (MSMEs).
바카라MSMEs were dismissed in one sentence: 바카라an allocation of Rs 15,700 crore바카라. This is like providing a fistful of oats to a hungry elephant. Nothing was mentioned about providing liberal, low-interest loans, working capital or moratorium. Nothing will be done to revive closed units or to recover the millions of jobs that were lost. The FM seems to be unaware that thousands of MSMEs 바카라 especially micro and small units 바카라 have been closed permanently,바카라 Chidambaram said.
And even though the Centre proposed to increase the foreign direct investment cap in the investment sector by up to 74 percent, Chidambaram claimed that the BJP government has continued with 바카라the saga of protectionism.바카라
바카라Customs duties have been increased on a number of items in the wrong belief that a stiffer dose of protectionism will help Indian industry,바카라 the senior Congress leader said.
He also hit out at the central government for paying 바카라special attention to election bound states바카라.
바카라She (Sitharaman) announced large capital outlays for Kerala, Tamil Nadu, West Bengal and Assam. People are not fools: they know that the proposals are only outlays and the actual expenditure will happen only after the schemes are approved and over a period of several years depending upon the pace of implementation,바카라 Chidambaram said.
바카라The budget was a let down like never before. This budget, like the previous one, will unravel sooner than you think,바카라 he added.