Budget 2015 high on intent, low on delivery: Manish Tewari

Congress leader Manish Tewari on Saturday said the Union Budget 2015 was high on intent and low on delivery, adding that there was nothing in it for the common man.

"The budget fails to address the structural of the Indian economy. It is high on intent, low on delivery. There is nothing in this budget for common man. " Tewari told ANI.

"It tries to confuse, if not abuse by going into detail and the specific examples of that is there is no timeline with regard to the implementation of the Goods and Service Tax," he added.

Union Finance Minister Arun Jaitley presented Budget for the fiscal 2015-16 in the parliament earlier today.

The Finance Minister announced a host of measures including the slashing of corporate tax to 25 per cent from 30 percent over the next four years and the General Anti-Avoidance Rules or GAAR would be deferred by two years.

He also announced that the government will target a 3.9 per cent fiscal deficit for year starting April 1, 2015, adding that the real GDP growth is expected to be 7.4 percent.

Prime Minister Narendra Modi has also hailed the Union Budget for 2015-16 as a budget with a clear vision, and one that is progressive, positive, practical, pragmatic and prudent.