Naveen Patnaik critiques Budget 2020, frets over shrinking central tax pool

Counting the positives, he welcomed initiatives such as Krishi Rail and Krishi Udan

Odisha Chief Minister Naveen Patnaik critiqued the Union Budget 2020-21 for lacking measures to reclaim investor confidence. He also took a dig at the stagnant allocations under different central schemes and shrinking pool of central taxes.

“Investor confidence is important for fresh investments to come in and to spur growth which is the biggest challenge now. This will have a huge impact of job creation and livelihood options for our youths. Sensex is an indicator of investor confidence. The drop of almost 1,000 points today shows that there is a huge scope to take a number of measures”, Patnaik said