Chief minister Virbhadra Singh termed the union budget presented in the Lok Sabha on Thursday as disappointing, failing to meet the expectations of common people.
Reacting on the budget, he said that it was not growth-oriented and the government failed to show how it would strengthen the Indian economy. Moreover, the budget found no mention for effective steps to be taken up by the union government to check the price rise.
Virbhadra Singh said that Himachal Pradesh should have got preference in the budget for organic farming, disaster management, development of tourism circuit, extension of rail network and industrial package and funding on the pattern of north-eastern states. He said that nothing has been done to curtail the rising prices which were affecting the common man the most.
He said that the target of fiscal deficit of 4.1% has now increased to 4.5% which would mean more borrowings resulting in further increase in prices.
The chief minister raised suspicion on the adequacy of provision of `1000 crore made in the budget for one rank one pension scheme. He said that this scheme was approved by the UPA government. He also said that the increase in the income tax slab was marginal, which would not give required relief to the tax payers.
He, however, welcomed the announcement of Indian Institute of Management (IIM) for Himachal Pradesh.