Finance minister oblivious to economic decline: Cong leaders slam budget

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Finance Minister Nirmala Sitharaman’s budgetary address to be oblivious of economic decline in the country, said the Congress, as the Union Budget 2021 invoked a strong reaction from the opposition parties.

Finance Minister Nirmala Sitharaman’s budgetary address to be oblivious of economic decline in the country, said the Congress, as the Union Budget 2021 invoked a strong reaction from the opposition parties.

Congress leader Rahul Gandhi highlighted sectors that the government “must” focus on in their Budget, including the MSME sector. Gandhi also urged on the need to generate employment for the farmers and workers in the country and increase expenditure in the healthcare and defence sectors.

Slamming the Centre, Congress leader Anand Sharma said that the “nation needed a bold budget and more direct transfers to the weaker sections to revive demand, restart job creation.”

Meanwhile, Congress spokesperson Manish Tiwari said that there was “no Central focus on Budget.”

This BJP government reminds me of the garage mechanic who told his client, “I couldn’t fix your brakes, so I made your horn louder,” tweeted Congress MP Shashi Tharoor.

Visionless budget: TMC

The TMC lashed out at the Centre over the Union Budget said, it was 100 percent “visionless”. And, its theme was “sell India.”

“India’s first paperless budget is also a 100% visionless budget. The theme of the fake budget is Sell India!” TMC spokesperson Derek O’Brien said. “Railways: sold, Airports: sold, Ports: sold, Insurance: sold, PSUs: 23 sold!”

O’Brien claimed common people and farmers were ignored. The Budget would make the rich richer and the poor poorer, while the middle class got “nothing”, he said.

The Rajya Sabha MP also highlighted statistics to show how West Bengal had developed rural roads.

Budget for Aatmanirbhar Bharat

Shortly after it was presented in the parliament, Union Defence Minister Rajnath Singh hailed Budget 2021, as the budget for an Aatmanirbhar Bharat that will strengthen the economy.

Finance Minister Nirmala Sitharaman introduced tax reforms including scrapping income tax for senior citizens under in the Union Budget 2021.

Sitharaman also extended social security benefits to platform and gig workers. As part of a newly launched Aaatmanirbhar Swasth Bharat Yojana, Sitharaman allotted Rs 35,000 crore for coronavirus vaccines in the country. A budget of 2-lakh-crore was allocated for the healthcare sector. As it happens, we will bring to you the reactions and responses surrounding this year’s budget.

After an estimated 7.7 percent contraction in 2020-21, the Finance Ministry’s Economic Survey projects that India’s real GDP would record a growth of 11 per cent in 2021-22.

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