Opposition slams Budget; ‘tolerable’ says Trinamool

Partie term Budget as 'lacklustre' and one that would increase financial burden on common man.

Written by Agencies | New Delhi | Published:March 16, 2012 1:40 pm

Trinamool Congress today gave some respite to the UPA by describing as “tolerable” the Union Budget 2012-13 which came under scathing attack from both the left and the right.

As the Opposition dubbed the third exercise of Finance Minister Pranab Mukherjee in UPA-11 as “anti-people”,”very retrogade”,warning it would lead to a price spiral,Mamata Banerjee’s party offered solace saying it was “not on a confrontationist mode” on the Budget.

Both the Left and the right predicted that the Budget proposals would “lead to indebtedness”.

Former finance Minister of BJP Yashwant Sinha saw no big picture behind the Budgetary exercise nor worthwhile mention of the economic reforms.

The Budget “fails to lift the sentiment of the economy”,he said,adding,”it was an accounting statement but not a policy-enhancing document. The Budget has just tinkered with schemes and programmes.”

CPI-M leader Sitaram Yechury said the Budget was very retrogade and will further widen the divide between the rich and the poor.

He said the concessions given to the corporate sector will go beyond the fiscal deficit. The SP and the BSP were also critical of the exercise with Mayawati’s party saying it was an “urban-oriented” budget while Mulayam Singh Yadav’s party terming it as “disappointing”.

BJD leader Jay Panda described the proposals announced by Finance Minister pranab Mukherjee as “lack-lustre”,saying it provides little comfort to the people.

The Trinamool Congress brought the political temperature down for the government which was on tenterhooks after the controversy over Railway budget with its leader Sudip Bandopadhyay saying the general budget was “tolerable”.

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