Budget lacks solutions to revive growth, focuses more on praising PM: Cong

"Longest Budget speech is also the most lacklustre budget ever", Patel said

Ahmed Patel, Congress, Gujarat, Rajya Sabha poll
Congress leader Ahmed Patel. (Photo: PTI)
Press Trust of India New Delhi
2 min read Last Updated : Feb 01 2020 | 2:31 PM IST

Calling the Union budget "insipid" and lacking in stimulus for growth, the Congress on Saturday said the government's annual financial statement comprises piecemeal measures, repackaged schemes, jugglery of tax slabs and has no real solutions to solve the economic crisis.

Senior Congress leader Ahmed Patel said that at a time when India is in the midst of an economic downturn, Finance Minister Nirmala Sitharaman's budget speech focuses more on praising the prime minister rather than helping the common citizen.

"Longest Budget speech is also the most lacklustre budget ever. After Acche Din, New India, it now appears that the government has also abandoned the target of $5 trillion economy," Patel said in a series of tweets.

This budget confirms not only the bankruptcy of the economy but also a bankruptcy of government's ideas, he claimed.

"Piecemeal measures, repackaged schemes, jugglery of tax slabs & no real solutions to solve the present economic crisis," Patel said referring to the Union Budget.

"After squeezing out LIC of profitability the govt now wants to sell it, to rescue itself," he claimed.

Patel also said that after "harassing" tax payers for last six years, the government seems to have realised its disastrous impact on the economy.

"We hope this will not be mere lip service but will be implemented in letter and spirit," he said.

Congress leader and senior spokesperson Anand Sharma said that "budget is insipid, lacking in stimulus for growth" and no clear roadmap for job creation has been given in the budget.

The Congress, on its official Twitter handle, also said that core sector growth stood at 1.3 per cent in December, despite the significant fall from the same time last year, and Budget has failed to layout a roadmap on how the government plans to address this serious issue.
 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*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

Topics :Budget 2020Indian National CongressAhmed Patel

First Published: Feb 01 2020 | 2:20 PM IST

Next Story