Budget fails to meet laid objective of better India: BMS

RSS-affiliate Bharatiya Mazdoor Sangh today said the Union Budget fails to meet its own stated objectives to transform, energise and clean India.
"Budget presented by the finance minister for the year 2017-2018 looks failed to address the objective of Budget as declared by finance minister," BMS said in statement after the Budget, presented in Parliament by Finance Minister Arun Jaitley.
The said objectives of the budget -- Transform, Energise and Clean India with the approach of poverty alleviation -- has not been met, it said.
There was huge revenue collection through demonetisation but it has not been transferred to social spending, it said, adding that migration caused due to demonetisation has not been addressed.

Although budgetary allocation to MNREGA has been increased, unemployment caused because of demonetisation and migration from urban to village has not been addressed, it said, adding that the tax relief is also not much, as was expected, because maximum tax payers are the salaried class.
BMS is of the view that the budget is disappointing to workers, salaried class and poor of the country. The unorganised sectors, scheme workers and other labour related concern - enhancement of their honorarium, coverage of social security net have been totally overlooked.

BMS directs its affiliates to hold demonstration immediately against the Budget presented to demand relook on the budget proposals and provide compensation to common man who supported demonetisation by bearing all sufferings.

(REOPENS DCM 66)
All India Trade Union Congress also criticised the Budget saying it does not provide for employment generation.
"In the name of ease of doing business, the budget has given more tax concessions to corporates by reducing the tax rates while totally inadequate relief has been given to small and medium scale industries which provide and create employment," AITUC said in a statement.
The social allocation for health and education has also not been increased, it said, adding that there is a nominal increase of a few hundred crores for jobs under MNREGA.
No compensation has been given for loss of jobs and wages to the people who have suffered due to demonetisation. The workers have also not been provided any relief, it said.

Listing of PSUs in the stock market and further liberalisation of FDI is also against national interest. The Finance Minister has unusually mentioned passing of labour law related codes which do not fall under his domain, it said.
The Central Trade Unions will meet soon to decide the action programme against anti-worker provisions of the budget, it added.