A completely retrograde Budget
CM QUOTES/ Vasundhara Raje, Rajasthan
| The Budget has hit the state very badly. LPG has been brought into the list of "declared goods" under the CST Act. States should have been consulted before this decision was taken. It will result in an additional burden of Rs 100 crore on Rajasthan. The government talks about short-term farm credit at 7 per cent interest rate, but how are you going to get it done? Nobody is talking about it. It's the Congress-ruled states where farmers are committing suicide. How is the government going to implement the new proposal? |
| The Budget proposes to increase the cess on domestically-produced petroleum crude. Rajasthan must get a share of it. The Government of India wants to put most of the burden on states and take credit for it. |
| The Budget talks about the recommendations of the 12th Finance Commission, while states are yet to get their dues of the 11th Finance Commission. It's a completely retrograde Budget. The Budget proposes that cooperative banks should pay tax on their profits. These banks are functioning well in Rajasthan, unlike in many other states. The proposal would have a bad impact on banks in the state. |