Budget can’t be another exercise in ‘Jumlanomics’: Yechury | india | Hindustan Times
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Budget can’t be another exercise in ‘Jumlanomics’: Yechury

india Updated: Feb 29, 2016 11:41 IST
Sitaram Yechury

Union Finance Minister Arun Jaitley leaves the finance ministry to present the General Budget at Parliament House, in New Delhi.(Arvind Yadav/ HT Photo)

CPI(M) general secretary Sitaram Yechury said on Monday the annual Budget must be in the service of the common man, and asserted that the Centre must train its focus solely on improving people’s livelihoods.

“So much Cess and Excise-excess this past year. Nothing has benefitted groaning Kisans and common people. Budget must account for that. Budget cannot be another exercise in Jumlanomics. Sarkar must focus on improving peoples’ livelihoods. #NoDataFudge,” Yechury said in a series of tweets.

The Congress also made an ominous prediction saying nothing except ‘platitude’ should be expected from the General Budget 2016-2017.

“The way our economy is, everybody knows that except for platitude, nothing is going to happen in this budget. Rather than making wild announcements on the radio, the Prime Minister should give a direction to the economic policy to see how we can come out of the mess that his own government has created,” Congress leader Sandeep Dikshit told ANI.

Dikshit was talking about Prime Minister Modi’s comments on Sunday during his Mann ki Baat address in which he said that the Budget is his exam and that 125 crore Indians will be testing him.

“I am healthy and full of self-confidence. Let us hope my exams that start tomorrow and yours the day after are good. If we succeed, the country will succeed,” Modi had said.

Earlier in the day, minister of state for finance Jayant Sinha said, under the guidance of Prime Minister Narendra Modi a wholesome Budget had been formed, keeping the suggestions of everyone in mind.

“The Prime Minister has given us the guidance that when faced with a test, we must be fully prepared and rest. At 11:00 clock you will see what the Budget has to offer. We have really worked hard for this and prepared a lot. Under the guidance of the Prime Minister and the finance minister, we have been working in the service of the people,” Sinha told reporters.

Stressing that the Budget was a test in itself for the Centre, he added that the nation will be grading them as the Budget unfolded.

“We have taken everyone’s opinion and advice into consideration in forming the Budget. There are many challenges and we have tried to that keep everything in balance, so we can help the nation,” he added.


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For our full coverage of the 2016-17 Union Budget, click here.