by Punjabnewswire4u
CHANDIGARH, FEB 28
"Two major letdown in two days", this is how the Punjab Chief Minister Mr. Parkash Singh Badal reacted to the Union Budget presented in the Parliament by Finance Minister Mr. P Chadambram. Mr. Badal said that budget was nothing more than "a failed attempt to create a pre-election illusion of growth and recovery. "Despite all the desperate efforts to put a fake smile on the face of a depressive economy a year ahead of elections, the UPA has managed only to hand down two back-to-back disappointments to the common man without giving adequate relief to poor and the needy sections of the society.
The Chief Minister described the Budgetary proposals as "totally directionless, anti-people and anti-poor and heavily biased against the farmers" and said that these contained no proposals for kick-starting the economy or improving the employment sector. He said that after the railways budget, the UPA has delivered a double dose of disappointment to the poor and the common people. "The budget will unleash fresh inflationary tendencies and push up prices without ensuring any relief to the beleaguered sections of society," said Mr. Badal in a statement here.The FM's refusal to extend the basic limit for taxable income is bound to disappoint the middle classes in a big way.
The Chief Minister said that Mr. P Chidambram had sought to camouflage the UPA government's failures by trying to create a mirage of new development schemes. The status of finances revealed in the budget is enough to belie all these schemes. The Finance Minister had tried to hide the failures of UPA government in controlling the high inflation rate in the country and the budgetary proposals were completely impractical and far from the real motive to tackle the grave tasks like, unemployment, poverty and issues related to agriculture sector in an effective manner.
"At the macro level, there are no bold and out-of-the-box policies in sight to revive a sagging economy and to regain the momentum that the economy had gained under the NDA tenure. The growth rate is and will continue to be sluggish and there are no new initiatives to bring the manufacturing back on rails. Service sector also continues to struggle, and this is especially worrisome as human resource is one of our biggest natural resources," said the Chief Minister. He said that the UPA needed to focus on the core issue of employment generation but that has been given a royal neglect. "That is a critical failure because youth is one of the greatest assets of the country, with India being the youngest nation in the world today."
Mr. Badal said that the budget showed UPA government's utter disregard of the farmers and weaker sections. The budget is clueless about any measures to revive the farm economy and there is no provision to fight the agricultural debt trap. The budget also ignores the need for a major revamp of production and marketing [priorities to promote diversification. There was a need to give a concrete shape to the idea of a second push to green revolution . " Mr. Badal said that the farmers of Punjab expected some liberal package to bail them out of the debt menace. But the Congress led-UPA continues to by-pass Punjab while announcing any relief. Punajb was not covered even by the Prime Minister's package for drought hit states. He said that the proposals contained in the Finance Minister's speech would further unleash inflationary trends and take the prices to unprecedented heights, as the price rise had already broken the back of the poor and middle class people.
The Congress government which always claimed to be the votary of ‘Aam Aadmi’ had once again completely tumbledown the high hopes of the people to get some relief from inflation in this budget, “Befooling the Indians only with unsubstantiated calculations and assurances to tackle the inflation in near future would ever be permitted,” said Mr. Badal. Summing up Mr. Badal completely rejected the budget proposals of the Union Finance Minister.
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