sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza
 
 
Popular Search: due date for vat payment :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: VAT Audit :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: cpt :: articles on VAT and GST in India :: form 3cd
 
 
« General »
 'Altered' DTC Bill likely in monsoon session, says Pranab Mukherjee
 Lawyers' bandh shuts down western Odisha
 GAAR may be thrown open to public debate
 GAAR application deferred by a year, amendments to provisions announced
 Investor awareness programme in Mangalore
 CBDT in soup for bypassing House
 TN seeks compensation till GST is introduced
 Jewellers to meet finance minister Pranab Mukherjee, hopeful of early resolution
 Only NRIs with unexplained wealth need to bother: CBDT chief
 ICAI National Cost Convention-2012 begins RPN Singh calls for public friendly Accounti
 Withdraw tax on unbranded gold jewellery, CM writes to PM and FM

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 2012 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

Victorian Jewelry | Estate Jewelry | Handmade Jewelry | Rose Cut Diamond | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Fashion India | Fashion Garments | Fashion Shows | Fashion Designers | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions