BJP terms budget unimaginative, timid

February 28th, 2011 - 5:45 pm ICT by IANS  

Bharatiya Janata Party New Delhi, Feb 28 (IANS) The Bharatiya Janata Party (BJP) Monday described the budget proposals for 2011-12 presented by Finance Minister Pranab Mukherjee as “timid” and “unimaginative”, saying it had failed to live up to the expectations of the people. BJP leader and former finance minister Yashwant Sinha said Mukherjee was not known “for being a reformer in the economic field”.

“That’s why the budget is completely devoid of reforms. The nation was expecting a bold budget, it is a timid budget,” Sinha said.

The party’s Rajya Sabha member Chandan Mitra said the budget was “disappointing and unimaginative” and had failed to live up to expectation of people in terms of relief in income tax exemption.

He said people were expecting the income tax exemption limit to go up to Rs.2 lakh but it had gone up only to Rs.1.8 lakh.

The budget “lacks growth impetus”, Mitra added.

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