AMN
Senior Congress leader P Chidambaram today said that there is nothing in the Budget that leads one to believe that growth will revive in 2020-21.
Addressing a press conference in New Delhi, Mr Chidambaram said, the Centre is in complete denial that the economy faces a grave macro economic challenge and it has given up on reviving the economy.
He said, the Indian economy is demand-constrained and investment-starved and the finance minister has not acknowledged these two challenges.
Mamata Banerjee criticises budget proposal to sell a part of its share in LIC
West Bengal Chief Minister Mamata Banerjee has criticised the budget proposal to sell a part of its share in LIC.
Expressing serious concern over the issue, Ms. Banerjee said in a tweet that it is a plan to ambush the heritage and legacy of public institutions. The State Finance Minister Dr. Amit Mitra also criticized the Union Budget and termed it as anti-people.
Maha CM Uddhav Thackeray criticises Union Budget
Maharashtra Chief Minister Uddhav Thackeray today criticized the Union Budget 2020-21 presented by Finance Minister Nirmala Sitharaman stating that it is not in sync with the reality adding that it takes the youth of the country, farmers and common man in the world of dreams.
He said that the proposed announcement made in the Budget like selling government stakes in IDBI and LIC presents a gloomy picture of the country’s current economic condition.
Mr Thackeray said that the Budget has been a great disappointment for Maharashtra. He said, Maharashtra is the growth engine of the country and the Budget has done injustice to Mumbai and Maharashtra.