Union Budget presented by Finance Minister Arun Jaitley does not address any concern relating to the economic growth nor takes any step to ameliorate the deteriorating conditions of the people. It does not address the questions of peasant distress, industrial stagnation or the rising economic burden on the common people.
The Budget exercise of Indian Govt. has lost much of its importance due to year round increase in taxes and levies as also jugglery of figures. Incomes are inflated to balance the figures and expenditures are announced to hear plaudits from apologist commentators. However the money is not spent and thus people are fooled without any exertion on the part of the Govt. Govt. makes big announcements to hide continuing slowdown of economic growth, the announcements which are never implemented. Schemes are renamed (after Sangh icons), regrouped under different head to show increased allocation and tricks of the kind are galore in Jaitley’s Budget. Appropriate noises are made of care for the peasants and common person but all the benefits accrue to less than 0.1 percent of the super rich. Homilies are paid to the poor with loud mouth but the fine print discloses the real bonanza for the super rich.… Read More