Budget was expected to be political, not surprised: Ex-FM Chidambaram

  • IANS, New Delhi
  • Updated: Feb 29, 2016 20:21 IST

Former finance minister P Chidambaram said the Budget 2016 was a political budget and not farmer friendly. (PTI File Photo)

Former finance minister P Chidambaram on Monday said the Modi government’s “political” budget was not farmer friendly because it did not talk about crucial agriculture pricing.

“The crucial point in agriculture is the price. Last year, I think farmers were cheated. In many cases, there was a very poor increase in MSP (Minimum Support Price). In some cases, there was zero increase in MSP,” Chidambaram told reporters in New Delhi.

“Immediately, it is the price signal that will enthuse farmers. Farmers are not getting fair and remunerative prices,” the senior Congress leader said.

Chidambaram denied that the budget by any means was pro-poor.

“Pro-poor and all are catch-all phrases. I want to know who is happy. Tax payers? Market? The middle class? I don’t think so.”

He criticised finance minister Arun Jaitley for “no new idea” in the government’s budget and alleged that the government has been dragging its feet on the crucial but stalled “Goods and Services Tax” (GST) legislation.

“GST has only been delayed because the government is unwilling to step away from its stubborn position,” Chidambaram said.

Asked if he saw the budget as political in its essence, the Congress leader said the government passed two “forgettable budgets earlier”.

“Clearly the (new) budget was expected to be political and I am not surprised.”

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