Budget a damp squib, no steps to tackle price rise, says AAP

The party also “reminded” Finance Minister of his promise of a slew of measures to check price rise and inflation.

By: Express News Service | New Delhi | Published: July 11, 2014 1:56 am

Calling the Narendra Modi-led NDA government’s first budget a “damp squib”, the Aam Aadmi Party on Thursday said the budget has done little to combat the issues of price rise and job creation.

A statement by the AAP said, “People had expected some concrete and long-term steps from the government in the direction of curbing price rise and generating job opportunities. Apart from this, the budget does not spell out the government’s plan to deal with impending drought when the agriculture sector is facing acute stagnation.”

The party also “reminded” Finance Minister Arun Jaitley of his promise of a slew of measures to check price rise and inflation. “These measures included setting up of special courts to stop hoarding and black marketing, but it did not find mention in the Union Budget presented today.

Apart from saying that the government has enough food grains to deal with a poor monsoon, no contingency plan has been revealed in the budget. At a time when we are faced with unprecedented levels of inflation, with the prices of potatoes, onions, LPG, diesel, petrol and sugar undergoing a steady and steep rise, people had expected concrete steps and not just lip service on the issue of price rise and job creation,” the AAP said.

Slamming the government for being “over enthusiastic” on FDI, the AAP said, “Government’s over enthusiasm for FDI is such that it has compromised its long-standing position on the issue and has raised the FDI limit in the crucial sector to 49 per cent. Similarly, the BJP, which vehemently opposed FDI in insurance during the UPA regime, has raised FDI limit in this sector to 49 per cent. The AAP feels that the government’s over enthusiasm for airports and highways is only because there is a huge scope for corruption in these two infrastructure sectors, because despite a lot of lip service about curbing corruption in their manifesto, the BJP government did not announce any steps towards this in the budget.”

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