Budget lacks vision, its anti-poor and anti-common man: Modi
Describing the Union Budget as "vision-lacking one" to help make India emerge as the global economic superpower, Gujarat Chief Minister Narendra Modi today termed it as "anti-poor and anti-common man".india Updated: Feb 26, 2010 21:50 IST
Describing the Union Budget as "vision-lacking one" to help make India emerge as the global economic superpower, Gujarat Chief Minister Narendra Modi today termed it as "anti-poor and anti-common man".
"During the last five years, Congress-led UPA government had been saying that as they were taking the support of the Left parties they could not initiate economic reforms. But why have they not initiated any financial sector reform this time," Modi questioned.
"There is total absence of a visionary action plan for developing India as the global economic superpower in this
budget," Modi said while reacting to the Budget presented by Union Finance Minister Pranab Mukherjee.
"The increase in fuel prices is an insult to common people who are already reeling under the massive burden of
price rise. This will fuel inflation and increase the difficulties of poor as well as middle class," Modi said.
He said budget will halt the development of progressive states like Gujarat. "Manufacturing sector has a great contribution in the progress of Gujarat. However, by increase of Central excise on manufacturing sector, the Central government has created a new problem for the industries here," he added.
Gujarat's textile industry has been given a death blow by the Centre in this Budget, Modi said.