Uncover the potential of active and passive investing on 6th October at 4pm. Register Now!
you are here: HomeNewsPolitics
Last Updated : Feb 01, 2019 05:03 PM IST | Source: Moneycontrol.com

Budget 2019 | BJP calls it 'historic', Congress terms it 'damp squib': Here are more reactions

Karnataka Chief Minister HD Kumaraswamy said, "In this budget, Narendra Modi has given cotton candy for farmers. When I announced loan waiver scheme, PM mocked it as lollipop."

Interim Finance Minister Piyush Goyal announced the budget for 2019-2020 in Parliament on February 1, rolling out a multitude of schemes, particularly for the farmers and the middle class.

While the interim budget was lauded by ailing Finance Minister Arun Jaitley who called it "unquestionably Pro-Growth, Fiscally prudent, Pro-Farmer, Pro-Poor", the Opposition targeted the ruling government, calling the Budget yet another "election jumla".

Former finance minister with the UPA government P Chidambaram slammed Goyal for "copying Congress' declaration that the poor have the first right to the resources of the country". He was referring to Rahul Gandhi's recent announcement of providing basic minimum income to the country's poor.

Meanwhile, Uttar Pradesh Chief Minister Yogi Adityanath said that all sections of the society "including farmers, middle class, poor and women have been mentioned in this budget. This budget will help achieve the dream of a New India".

Whereas Congress MP from Thiruvananthapuram Shashi Tharoor told media persons " The whole exercise has turned out to be a damp squib. We've seen one good thing that is tax exemption for the middle class. Rs 6000 in income support for farmers boils down to Rs 500 per month. Is that supposed to enable them to live with the honour and dignity?"

Neeru Ahuja, Partner, Deloitte told media persons, "We all were expecting it, If we add up all the things then people with an annual income around Rs 7.5 lakh won’t have to pay tax. It wasn’t the full budget, it was interim budget, so I would give it an 8/8.5 out of 10."

Former prime minister Manmohan Singh termed the interim budget announced by Piyush Goyal as "election budget". The former finance minister in the Narasimha Rao government, told NDTV, "In these circumstances of the case, concessions to farmers and concessions to the middle class will obviously have implications in the election."

All India Trinamool Congress (AITMC) satrap Mamata Banerjee also criticized the budget saying it only highlights the desperation of the saffron party. "This govt has no moral authority or responsibility to place the budget for 5 years when they'll not be in power; the govt will go for expiry. After expiry, if you give medicine, is there any value? What will be the value? This is absolutely valueless," Banerjee told ANI.

Congress President Rahul Gandhi castigated the ruling BJP government for offering "Rs 17 per day" to farmers calling it an "insult". He tweeted:

Karnataka Chief Minister HD Kumaraswamy told news agency ANI, "I want to ask if this budget was prepared by officials of Finance dept or RSS? In this budget, Narendra Modi has given cotton candy for farmers. When I announced loan waiver scheme, PM mocked it as lollipop. Friends of BJP have prepared this budget."

Delhi Chief Minister Arvind Kejriwal termed the Budget BJP's "final jumla", saying that the ruling government didn't earmark anything for Delhi.
First Published on Feb 1, 2019 04:15 pm