Union Budget lacks steps for structural reforms in economy: P Chidambaram

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Senior Congress leader P Chidambaram today criticized the Union Budget saying it lacks steps for structural reforms in the country’s economy.

Participating in the debate on Union Budget in the Rajya Sabha, he said, it is the first budget which does not give numbers related to total revenue, expenditure, fiscal deficit and other figures.

Mr. Chidambaram said the Budget has nothing to improve domestic and household savings. He described tax collection targets of the government as unrealistic.

The former Finance Minister also listed failure of government’s initiatives with regard to road construction, making country open defecation free and lack of jobs in the country.

Anil Desai of Shiv Sena demanded substantial allocations for infrastructure development in Mumbai as well as maximization of funds for Maharashtra. He said irrigation projects of the state need Centre’s support. He also said that all Public Sector Undertakings should not be privatized.

D Raja of CPI claimed that the Budget fails to address real issues being faced by the country. He said the government is dependent on FDI and private investment for revenue generation.

Mr Raja said the allocations for Women and Child Development and SC/STs welfare have been decreased.

Anil Jain of BJP highlighted the several measures taken by the NDA government for the development of the country. He also said the economy has been strengthened under Prime Minister Narendra Modi’s leadership. Ravi Prakash Verma of Samajwadi Party also spoke on the Budget.

Earlier, Zero and Question Hours were suspended to take up discussion on Union Budget in the Rajya Sabha. (AIR NEWS)

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