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Common man missing from Union Budget: Modi

Last Updated: Friday, March 16, 2012 - 22:32

Ahmedabad: Gujarat Chief Minister
Narendra Modi on Friday criticised the Union Budget, saying there
was no relief in it for the common man.

Describing the Budget for 2012-13 as "anti-people",
"lackluster", "directionless and "absolutely disappointing",
he said it will not usher in good days for the country.

"Relief for the common man is just missing," the BJP
leader said.

"The Budget reflects the Congress-led UPA Government`s
political instability, as well its inability to fight burning
issues like corruption, inflation and unemployment. It shows
absence of political will which is necessary for development."

Modi said an additional burden of Rs 80,000 crore -
Rs 40,000 crore in today`s Budget and Rs 40,000 crore in the
Railway Budget, would adversely affect the general public.

About hike in excise duty and service tax, the Chief
Minister dubbed the move as "cruel" and it would affect labour
intensive employment avenues like tourism.

The Finance Minister`s proposals do not show any
direction for planned development, Modi said.

Citing an example of the Centre`s "mismanagement" of
economy, he said the fiscal deficit has increased from 4.6 per
cent last year to 5.1 per cent this year, and the market
borrowings from Rs 3.53-lakh-crore to Rs 4.79 lakh crore.

The Budget also fails to address key issues related to
the farm sector and women`s empowerment, Modi maintained.


First Published: Friday, March 16, 2012 - 22:32
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