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Union Budget pro-corporate, anti-poor: CPI(M)

Last Updated: Saturday, March 17, 2012 - 19:18

Jammu: State unit of CPI(M) on Saturday slammed
the Union Budget as "anti-poor", and said it betrays a clear
bias towards the corporate and the rich.

"The Budget reflects clear bias towards the corporate and
the rich, who have been given tax rebates that will further
widen the gap between the rich and poor," CPI(M) state
secretary Mohammad Yousuf Tarigami today said.

The Budget is anti-poor and devoid of vision to tackle
galloping price rise that has hit common man country wide, he

In a statement, he flayed the Central government for
announcing cut in subsidies to fertilizers by 6,000 crore,
saying the step will propel fertilizer prices and harm the
interests of farmers especially those who own small holdings.

He also opposed the cut in subsidies in fuel prices by
25,000 crore, saying the move would inevitably lead to
further hikes in fuel prices, which will have cascading impact
on the prices of all essential commodities.


First Published: Saturday, March 17, 2012 - 19:18
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