Chouhan unhappy by Union Budget | india | Hindustan Times
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Chouhan unhappy by Union Budget

CHIEF MINISTER Shivraj Singh Chouhan has termed the Union Budget disappointing for Madhya Pradesh. He, however, has welcomed certain proposals in the budget like short-term loan on seven per cent interest to the farmers, two per cent subsidy on previous loans and increasing old age pension up to Rs 200 per month.

india Updated: Mar 01, 2006 13:06 IST

CHIEF MINISTER Shivraj Singh Chouhan has termed the Union Budget disappointing for Madhya Pradesh.

He, however, has welcomed certain proposals in the budget like short-term loan on seven per cent interest to the farmers, two per cent subsidy on previous loans and increasing old age pension up to Rs 200 per month.

Except Cong, budget disappoints all

ALL POLITICAL parties except for the Congress have expressed disappointment over Union Budget presented in the Lok Sabha today. State Congress chief Subhash Yadav, while welcoming the budget, described it as pro-common man and farmers. He greeted the Finance Minister for huge outlays for education, health, employment, housing, water and rural electrification schemes.

All India Congress Committee (AICC) general secretary Digvijay Singh described the budget as balanced, pro-poor and intended for welfare of the common man. Former Minister Ajay Singh, State Congress spokesperson Manak Agrawal and State Youth Congress president Meenakshi Natrajan have also welcomed the Union budget.

State BJP president Satyanarayan Jatia said there are no significant provisions for agriculture sector in the budget, hence it is highly unlikely to achieve 10 per cent growth in the GDP. Also, he added, there are no provisions for potable water and employment generation. Increase in service tax would only hit hard the people and result in escalation of prices, he added. 

Senior BJP leader and MP Kailash Joshi said the UPA Government has taken populist measures keeping in view the assembly elections in five states but offered no solution to the problems like unemployment, escalation of prices, problems in agriculture sector etc.

Another senior BJP leader and MP Sumitra Mahajan said the budget lacked an economic vision on the nation’s development. She has, however, welcomed increase in old age pension amount.  BJP leader and economist Sharad Jain said the UPA Government has neglected the then NDA government’s ambitious projects. The budget is disappointing from education, health and employment point of view.

Samajwadi Party national secretary Dr Sunilam, while expressing disappointment over the budget, said it was entirely focused on corporate world and upper middle classes. 

Communist Party of India (Marxist) State secretary Bahadur Singh Dhakad said the budget had overlooked fundamental requirements of people. There was no initiative to provide relief to crisis-ridden farmers as well, he said. Centre of Indian Trade Unions (CITU), expressing disappointment with the budget, said the Finance Minister has paid no attention towards increasing employment, relaxing income tax limit, protecting interests of workers in the unorganised sector and suggestions of trade unions for security and development of public sector enterprises. (HTC, Bhopal)

Giving his reaction on the Union Budget the Chief Minister said no proposal had been made for compensation in cash for implementing VAT and not making special provision for Madhya Pradesh for inland water transport and roads.

No provision has been made for adequate loans to farmers in backward districts. The CM said that the states are getting loans from the National Small Savings Funds at the rate of 9.5 per cent, which is excessive as compared to the prevailing market rates. The Union Budget is also silent about this.

He said the backward area development fund was announced in even last year’s budget and this year too. The current budget also mentioned increase in the fund but it had not been decided as to how many districts would benefit by this fund in a year. Similarly, there was no mention about the incentives for increasing pulses production for balanced supplementary diet.

He said reduction in cold soft drinks would benefit only higher classes and multinational companies and would adversely hit the demand of traditional indigenous products.

There was relaxation for some states in central excise taxes but Madhya Pradesh had been overlooked, he lamented. He, however, welcomed the proposal for sanctioning Rs five crore to Kasturba Gandhi Trust Indore and proposals under consideration for Madhya Pradesh under the Jawaharlal Nehru Urban Renewal Mission and the announcement for mega power project in the State.