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JP dubs Chidu’s budget as gloomy, disappointing
JP dubs Chidu’s budget as gloomy, disappointing, Dr Jayaprakash Narayan, Vote-on-Account Budget. The Union Finance Minister has not made any effort to reduce pulses and edible oil imports or boost their indigenous production through fiscal measures and incentives.
• He totally ignored infrastructure projects in AP
• Not made any efforts to reduce pulses and edible oil imports
• He is just concealing UPA govt’s fiscal profligacy
Hyderabad: The Lok Satta Party national president Dr Jayaprakash Narayan has termed the Vote-on-Account Budget presented by Union Finance Minister P Chidambaram as gloomy and disappointing.
He totally ignored the requests for many infrastructure projects, including Visakhapatnam-Chennai industrial corridor, to address regional imbalances in Andhra Pradesh, he said. Jayaprakash, in a statement, said, “The only silverlining is that the Finance Minister had indicated signs of fiscal consolidation after years of dithering. He has limited the fiscal deficit in 2013-14 to 4.6 per cent of GDP by deferring some liabilities.” The Lok Satta leader said that agriculture had recorded commendable growth due to good monsoon, and not due to any government efforts.
The Union Finance Minister has not made any effort to reduce pulses and edible oil imports or boost their indigenous production through fiscal measures and incentives. He has not made any attempt to promote value addition through processing, despite the spurt in agricultural production, he lamented.
Chidambaram had sought to conceal the UPA government’s fiscal profligacy, shallowness of public policy and absence of resolve to strengthen the economy by rhetorical flourishes. However, the fact remains that this was a desperate attempt to defend a weak record in a decade of lost opportunity, he added.
