`Union budget a futile bid to check inflation`

Last Updated: Friday, March 16, 2012 - 20:18

Bhubaneswar: Terming the union budget as
a "futile attempt" of the UPA government at the Centre to
moderate inflation and step up growth, Odisha Chief Minister
Naveen Patnaik on Friday said there was no policy measure for
containing price rise and no new programme to accelerate
infrastructure development.

On the other hand, Patnaik said an additional tax
burden of Rs 45,000 crore has been imposed on the citizens
of India. "Increase in the rate of excise duty and service tax
will fuel inflation thereby hurting the masses," he said.

Stating that the announcement to tackle fuel supply
constraints of thermal power plants will not solve the
problem, Patnaik said Coal India Limited was not able to cater
to their present needs.

"There is no mention about development of transmission
sector and reform in the distribution sector," he said.

Referring to the mega handloom clusters as announced
by Finance Minister Pranab Mukherjee, the chief minister said
"the interest of thousands of poor weavers of Odisha have once
again been ignored."

In fact, there is nothing in the budget for the state
of Odisha, he said.

PTI



First Published: Friday, March 16, 2012 - 20:18
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