Congressman Shashi Tharoor said Tuesday that the Union budget is “extremely disappointing, a downer” and that there is absolutely nothing.
Speaking to ANI, the Congressman said there are no MGNREGA, Defense or other pressing priorities facing the public.
“Extremely disappointing, a downer! There seems to be absolutely nothing in this budget. It is an astonishingly disappointing budget. If you listen to the speech, there is no mention of MGNREGA, of Defense, of any other pressing priorities that are getting the public confronted,” said Mr. Tharoor.
He went on to say that the country will have to wait another 25 years for the arrival of ‘acche din’.
“We are dealing with terrible inflation and there is no tax cut for the middle class. This is a budget that seems to push the mirage of ‘achhe din’ even further away. Now it is India at 100, we will have to wait for 25 more years before ‘acche din’ comes,” the congressman said.
“Very clear that in terms of digital currencies, the government was moving in that direction. As far as I know, a reasonable proposal, I don’t think we will criticize that. But we are more concerned about a lack of content for ordinary citizens in Budget ,” he added.
India has set a target of reducing its budget deficit to 6.4 percent of GDP in 2022-23, from an estimated 6.9 percent in the current fiscal year, Union finance minister Nirmala Sitharaman said. Tuesday.
For the current fiscal year 2021-2022, the budget deficit has been revised upwards to 6.9 percent of GDP, compared to 6.8 percent projected in the budget estimates.
Presenting the 2022-23 Union Budget in the Lok Sabha, Ms Sitharaman said gifts received in the form of cryptocurrencies will also be taxed at the same rate.
The finance minister also announced that the Reserve Bank of India will issue a digital rupee in the next fiscal year.