The central budget,presented,by the finance minister.P.Chidambaram on 28th February proposes a tax concession of Rs.5,73,626 crore to the corporates.
There is no proposal for generating job opportunities which is certain to aggravate the already worse unemployment problem in the country.
There is no proposal to contain the rocketing price rise despite strong protest action by the workers and the people. The allocation of
Rs.10000 crore for food security is nothing but a lip service as the finance minister has garnered this amount by curtailing the annual budgeted public distribution system food subsidy requirement of the department of food
There is no increse in the income limit for income tax.
There is no enhancement in the allocation for the MGNREGS
over all the burdens are again inflicted on the poor and the middle class
and that is why even congress MP and president of INTUC, Shri.G.Sanjeeva reddy is compelled to comment on the budget as follows.
‘It is a budget with no plans for the future.it offered nothing for the welfare of poor and workers’.