Kanchan Gupta, a senior journalist and also a columnist with
Budget 2012-13 is anti-people, Will take nation from bad to worse days?

" Rs.80,000-cr burden reflects Cong-led UPA Govt’s instability
and inability to solve corruption, inflation, unemployment " –
Narendra Modi
Gandhinagar, Friday: Narendra Modi today described the Union Budget
for 2012-13 as anti-people, lack-lustre, directionless and
absolutely disappointing, sure to take the nation from bad to worse
days. “If someone searches for some relief for the common man, it
is just missing,” he said.
Commenting on the budget proposals presented in the Parliament, he
said, it 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 necessary for development.
Modi said that an additional burden of Rs.80,000-crore on the
people, including Rs.40,000-crore in today’s General Budget and
another Rs.40,000-crore in the Railway Budget earlier, would
adversely affect the general public across the board.
Taking a strong exception to the hike of two per cent on Excise
Duty and Service Tax, he said it is cruel and would affect
labour-intensive employment avenues like tourism.
While the Union Budget should reflect strong fiscal discipline, Mr.
Modi said, the latest budget doesn’t even show any direction for
planned development. Citing an example of the Centre’s
mismanagement of economy, he said, the fiscal deficit has also
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. This leaves no scope for the private sector.
The budget also fails to address the farm sector and women’s
empowerment.
Modi wished the Centre takes a cue from Gujarat in budgetary
allocations. Gujarat earmarks 67 per cent of its budget on
development works as against the Centre’s paltry 30 per cent.
Gujarat has allotted Rs.40,000-crore for Tribal Sub-Plan during the
Five Year Plan, as against just Rs.21,000-crore by the Centre.
There are many such instances.
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