New Delhi: Former Prime Minister and economist Manmohan Singh admitted that the Modi government’s interim budget will have implications on the forthcoming Lok Sabha polls 2019. Calling it an ‘election budget’, Singh said,”In these circumstances of the case, concessions to farmers and concessions to middle class will obviously have implications in the polls.”
Congress president Rahul Gandhi called the budget as “Akhiri Jumla Budget” and targeted the government over the announcement of direct cash transfer of Rs 6,000 per year for marginalised farmers.
“Dear NoMo, 5 years of your incompetence and arrogance has destroyed the lives of our farmers. Giving them Rs. 17 a day is an insult to everything they stand and work for. #AakhriJumlaBudget,” he tweeted.
Congress leader P Chidambaram criticised the budget saying,”The Interim Finance Minister tested our patience by the longest interim budget speech in the recent memory. It was not an interim budget, it was a full-fledged budget accompanied by an election campaign speech.”
“My one-line comment on the budget is that it is not a vote on account but an account for votes,” he added.
Earlier on Friday, acting Finance Minister Piyush Goyal presented the interim 2019-20 union budget in Parliament. He announced tax sops for the middle class, corporates and a relief package to address agrarian distress and the stressed small-scale industry sector.
Prime Minister Narendra Modi said that the interim budget has taken care of all sections of the society and termed it a “trailer” ahead of the “budget which, after elections, will take India on the path to development”.
“From middle class to labourers, from farmers’ growth to the development of businessmen, from manufacturing to MSME sector, from growth of the economy to development of New India, everyone has been taken care of in this interim budget,” he added.