Participating in the debate, M Thambidurai of AIADMK said, the income support to farmers announced in the Budget is meagre, and it remains silent on employment scenario in the country. He described the budget as BJP’s election manifesto. He said, small businesses were hit by demonetization.
He also requested the Central government to release the funds for various schemes and arrears of GST for Tamil Nadu.
Congress MP M. Veerappa Moily said, the budget allocation for defence sector is less as compared to last year’s budget. Mr Moily said, because of demonetization, the industrial output and MSME sector suffered a loss and the GDP rate also declined.
He said, the unemployment rate is growing under the present government and is a matter of concern. He questioned on what basis the government is claiming GDP is growing despite the rate of the unemployment rate is high in the country. The discussion is continuing.
Participating in the debate, Union Minister Jayant Sinha said, due to ceaseless efforts of NDA government, India is now one of the best performing economies.
He said, due to effective policies and reforms, the Indian economy has been formalised and it is now one of the fastest growing economies of the world.
Mr Sinha said, there has been 18 per cent growth in direct tax and gross capital formation has gone up to 32 per cent. He also accused the previous UPA government of leaving the economy in poor condition and said that now under the leadership of Prime Minister Narendra Modi, it is back on track.
He also listed government initiatives in various sectors including MUDRA scheme, construction of airports and electrification of villages.
Professor Saugata Roy of TMC criticised the general budget terming it as vote oriented budget. He questioned the government track record on providing jobs alleging that unemployment is at an all-time high in the last 45 years.
Mr Roy also criticised the government decision of demonetisation saying that it has taken lakhs of jobs and adversely affected the country’s economy. He also accused the government of weakening institutions like RBI.
Jitendra Chaudhary of CPM accused the government of manipulating data to show its success on the economic front.
He said, the general budget has nothing for the youth and alleged that the Centre has not taken any steps to fill up around 24 lakh pending vacancies in government departments. He also questioned the budget announcement of six thousand rupees annually to small farmers terming the amount as very small to address the plight of farmers.
BJP’s Kirit Somaiya of BJP attacked Congress alleging that the grand old party is working to protect a family while Prime Minister Narendra Modi is working for the interest of 125 crore countrymen.
Mr Somaiya also slammed TMC accusing it of shielding culprits of chit fund scam. He claimed that people will again pose their faith in the leadership of Prime Minister Narendra Modi during the Lok Sabha elections. The BJP leader attacked opposition unity saying their only aim is to remove Mr Modi from power.
Gajanan Chandrakant Kirtikar of Shiv Sena supported the budget. He, however, raised some demands related to Maharashtra, particularly Mumbai.