Union Budget 2019-20 is an eyewash: Asaduddin Owaisi

Image
ANI Politics
Last Updated : Jul 07 2019 | 7:20 AM IST

AIMIM MP Asaduddin Owaisi on Saturday termed the Union Budget 2019-20 as "an eyewash."

"The Union Budget is not going to do any good for the people. It is only going to increase the burden on poor people. The increase in fuel prices is going to hit the poor people badly. Not only this, the price hike in fuel is going to increase the rate of export duties," he said.

Owaisi said that the increase of rate in public listing to 35 per cent and the increase in the surcharge rate to 3 per cent on Rs 2 crore and 7 per cent on Rs 5 crore income is going to benefit only the BJP government and not the common people.

"On the one hand, they talk about educating common people, on the other, the BJP government has increased 10 per cent import duties on print materials, which is going to make books costly. The lower-middle class people are certainly going to find it difficult to cope up with."

Owaisi also pointed out that the NDA government had promised a loan of Rs 50 lakh without any collateral. There was no mention of this in the budget too. He also said the BJP government promised students from different countries would come to India to pursue studies, but the fact is that all of them are scared, as the mob lynching incidents have become a phenomenon in the country.

Commenting on the BJP's membership drive in Telangana by Home Minister Amit Shah on Saturday, Owaisi said: "Bharatiya Janata Party's membership drive in the state is going to be a futile effort."

He said that the TRS, which lost four seats in the parliament, three were lost due to overconfidence and one due to the wrong choice they made, which the TRS would rectify.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 07 2019 | 1:27 AM IST

Next Story