Oppn attacks Budget, says it is pro-corporates, anti-poor

Image
Press Trust of India New Delhi
Last Updated : Mar 16 2015 | 8:28 PM IST
The NDA government's first full-fledged budget today came in for sharp criticism in Lok Sabha from opposition, which termed it as anti-poor and anti-middle class and said it mostly favours the corporates.
Parties like Congress, AIADMK, Trinamool Congress, BJD, CPI(M) and TRS attacked the government, saying it had reduced allocation for social welfare and anti-poverty programmes while giving benefits to corporates and focusing on FDI.
Jayadev Galla, member of NDA ally TDP, said the Centre has fallen short by Rs 3,266 crore in its provision to the state based on the Finance Commission recommendation.
While the Finance Commission has suggested over Rs 24,000 crore to be given to Andhra Pradesh, the state has got over Rs 22,000 crore, he said.
BJP, on the other hand, strongly defended the budget and said opposition was criticising it just for the sake of it.
The members made their views when the House took up the debate on General Budget 2015-16. The debate was slated to be taken up on Friday last but a united Opposition forced its deferment because of the absence of Finance Minister Arun Jaitley.
Jaitley, who was present in the House today after his return from an official trip to Britain, will reply to the discussion tomorrow.
To target the government, opposition members specifically raised issues like increase in service tax, no change in income tax slab and failure to pass on the benefit of reducing petroleum prices to consumers.
Some non-NDA and non-Congress members also alleged that the budget was just a re-packaging of UPA's budget.
Initiating the debate, Veerappa Moily (Cong) said most of the initiatives announced in the budget were started during the time of the UPA.
The government is lucky and reaping the fruits of low oil prices and the award of the 14th Finance Commission, which was set up by the previous regime, said the former minister for Corporate Affairs and Petroleum and Natural Gas.
*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: Mar 16 2015 | 8:28 PM IST

Next Story