Opposition lambasts Modi’s budget, calls it an ‘anti-poor’ and a ‘disappointment’

They said that raising the tax exemption limit by Rs 50,000 was just 'inadequate' when inflation was running high.

By: Press Trust of India | New Delhi | Published: July 10, 2014 4:06:46 pm

Opposition parties on Thursday termed Narendra Modi government’s maiden budget a “disappointment” and an “anti-poor” exercise which can “benefit only the rich”.

Despite raising expectations, the budget has turned out to be a “missed opportunity” for BJP, they said as they begun by expressing apprehension that raising the tax exemption limit by Rs 50,000 was just “inadequate” when inflation was running high.

“This budget has nothing for the ‘aam aadmi’ and the poor.  They have announced tax concessions to help corporates and big industrial houses.

“While on the one hand, they have said they will continue with the tax collection fixed by the previous government, they have given concession to the big industrial houses under pressure,” said the Leader of Congress in Lok Sabha, Mallikarjun Kharge.

Kharge said the budget offers nothing for welfare schemes like MGNREGA and averred that the tax exemption would not help the common man battle the high inflation.

The deputy leader of Congress in Lok Sabha, Capt Amrinder Singh, said the budget was “not pro-poor”.

NCP chief and former agriculture minister Sharad Pawar said, “It is a disappointment, rain of announcements, bunch of words and, lastly, insufficient fuel supply to engine of growth.

“It is a corporate budget. There is nothing exceptional in this budget. There is nothing that will help the common man facing the brunt of rising prices. The Rs 50,000 raise in tax exemption limit will not help the common man. With the rise in indirect taxes, prices of all items are going to rise.”

Pawar, however, hailed the ‘one-rank-one-pension’ provision for ex-servicemen, which the previous UPA government had initiated, and grant of heritage status to Amritsar.

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