Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« General »
Open DEMAT Account in 24 hrs
 New tax regime vs old tax regime: What's point at which tax outgo is the same in both regimes? Check salary and deduction levels
 Advance Tax Paid, Do You Still Need To File ITR? Check Details Here
 Centre seen to have met FY24 gross tax target
 6 income tax rules that salaried should know as financial year 2024-25 starts from today
 How to calculate income tax on stock market gains along with your salary?
 Moonlighting for Additional Income? Know Its Tax Implications
 Have you claimed education cess? Be prepared to pay tax as per the new rules
 Reserve Bank - Integrated Ombudsman Scheme, 2021 (RBIOS, 2021)
 How is tax computed for selling a house?
 How much tax do you pay on equity investments?
 Fuel taxes: Centre s gains striking since FY16

Opposition: Budget disappointing and directionless
February, 28th 2011

Opposition parties on Monday came down heavily on General Budget 2011-12 dismissing the exercise as very disappointing and directionless and said it has failed to address the problems of unemployment and price rise affecting the common man.

The Left and the Right saw nothing much to write home about the budget, which they said was an exercise of nominality given the elections in five states round the corner.

Leader of the Opposition Sushma Swaraj regretted that the budget did not have even the mention of the word unemployment nor has any plans for controlling price rise.

It is a very very disappointing budget, which has not done justice to the common man, woman and the youth, the BJP leader said, adding that the only thing good was the rise in remuneration of Anganwadi workers and helpers.

CPI leader Gururdas Dasgupta said Finance Minister Pranab Mukherjee had not mentioned what is the additional tax on the affluent middle class and millionaires at a time when the rich are growing richer by the day.

This is a budget of nominality with elections in five states on the mind of the finance minister, Dasgupta said adding the exercise showed that there has been no change in the policies of the ruling dispensation.

Terming the budget as timid, former Finance Minister Yashwant Sinha said, the budget is exactly according to the personality of the Finance Minister as the budget is completely devoid of reforms. It is not tackling any reforms.

BJD MP Jay Panda described it as mixed budget but rued no steps were taken by the government to contain the inflationary trend in the budget.

Asked if the budget was aimed at the forthcoming elections in states, SP spokesperson Mohan Singh said, it may be even aimed at the Genera Elections also.

RJD Chief Lalu Prasad said he was happy about the budget.

He described revolutionary step providing cash subsidy in fertilisers, LPG and kerosene directly to consumers.

Congress, however, hailed the budget saying the Finance Minister did not take any cheap populist step and the exercise was a reflection of an India aspiring to become super power.

Party spokesman Manish Tewari said, concrete steps have been taken to strengthen the economic fundamentals in the budget, adding the Finance Ministers exercise was futuristic.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting