SAD terms it as a lackluster budget

by Punjabnewswire4u

CHANDIGARH, FEB 28

The Shiromani Akali Dal today totally rejected the Union budget, terming it as a lackluster and visionless budget that would retard growth  of the country and further increase the inflation, crushing the common man.  Describing Congress led UPA government as East India Company of modern India Mr. Badal said that this budget had remained focussed on handing over all assets of the country to the multinational companies.

            In a statement issued here today, the SAD President Mr. Sukhbir Singh Badal dubbed it as a ‘Munim’s budget’ that had failed to live up to the aspirations of the people. He said that there was nothing in budget that would improve the confidence of the investors besides giving a fillip to the growth and country should remain prepared for a long period of economic recession.

            Describing budget as a last farewell budget of UPA government, Mr. Badal decried UPA for ditching common man for not giving relief to the common man in the income tax, besides ignoring the challenges of agriculture and manufacturing sector. He said that Punjab agriculture sector has been totally ignored by Union Finance Minister as it has not sanctioned a single penny for diversification of agriculture sector in the state. Mr. Badal said that state government had submitted a comprehensive diversification plan so that granary of the country could meet the food requirement of increasing population but the focus of Union budget remained on filling the coffers of multi national companies.

            Decrying the efforts of Union Finance Minister to reduce subsidy on petrol, diesel, fertilizers and other essential commodities, Mr. Badal said that Congress led UPA government in its final year was bent upon mortgaging the country to multi national companies which cannot be allowed.