"It seems to be the budget of mere promises and commitments in which interests of the common man, who had high expectations from the budget, have been completely ignored," Singh said, adding that the budget has failed to come up to the expectations of the people, reeling under impact of demonetisation.
He said there was nothing for the farmers and unemployed youth in the budget and nothing much has been offered to lower and middle class as employees were expecting much relief after revision in pay scales.
However, the chief minister welcomed the step to reduce the limit for anonymous cash donation to political parties from Rs20,000 to Rs 2,000.
Describing the budget as "historic, courageous and balanced", former chief minister and Leader of Opposition, Prem Kumar Dhumal said the "Finance minister has presented a growth-oriented dream budget which wouldgo a long way in fulfilling the cherished dreams of farmers, horticulturists, youth, middle class, dalits and oppressed sections of the society."
Dhumal said that cut in income tax rates for people with income upto Rs 5-lakh was very appreciable.
He also hailed the proposal to limit cash donations to political parties to Rs 2,000 and said that it would bring "transparency".
The BJP MP from Hamirpur, Anuarg Thakur thanked the government for launching skill acquisition and knowledge awareness initiative and said that the special scheme for creating employment in leather/footwear sector will impact the economy positively.
"The element of introducing transparency in political funding and thereby entitling the parties to receive donations by cheques or digital mode above Rs 2,000 amount is also a revolutionary step, taken for the first time by any government," Thakur said.
"The establishment of a national agency to conduct entrance exams for higher education and reforms in the UGC will certainly allow more autonomy to colleges," he added.
"The demonetisation has resulted in large unutilized industrial capacity, with core industries like automobiles, cement, steel, paper, aluminium and fertilizers having been hardest hit, and massive unemployment," a CPI(M) release said.
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