Budget is ineffective and clerical, says CPI (Lead)

March 16th, 2012 - 4:25 pm ICT by IANS  

Pranab Mukherjee New Delhi, March 16 (IANS) The Communist Party of India (CPI) Friday slammed the union budget for 2012-13 as “clerical” and “ineffective”.

“It is an absolute clerical and ineffective budget. It could have been prepared by the clerical staff of the finance ministry and there was no need for the finance minister to prepare it,” CPI leader Gurudas Dasgupta told IANS after Finance Minister Pranab Mukherjee presented his budget in the Lok Sabha.

“It is ineffective and lacks focus. Increase in social welfare is nominal and there is no employment generation scheme,” he said.

His colleague D. Raja added that it had nothing for the “aam adami”, or common man.

“It is not an aam adami budget and focuses on status quo. This budget has no hint of a course correction to improve the economy,” Raja told IANS.

“This budget follows the same old new liberal policies. It has not touched the corporate sector. The two percent service tax will result in increase of commodity prices,” he said.

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