UPA imprint all over, Congress-Mukt Budget not possible:Ex-FM

Tags: News
Former Minister P Chidambaram today said imprint of the UPA Government's policy can be seen in the Budget presented by Arun Jaitley, adding it is not possible to come out with a "Congress Mukt Budget".

"Welcome to the real world...BJP sought a mandate for Congress Mukt Bharat. My friend, Arun Jaitley, would have realised that it is not possible to have even a Congress Mukt Budget," Chidambaram said in his comments on the NDA government's first Budget.

The senior Congress leader said Jaitley has acknowledged the basic validity of the numbers presented by him in the Interim Budget for 2014-15 in February.

The "imprint of the UPA government's policies" on fiscal consolidation, GST, FDI cap in insurance and social sector schemes, Chidambaram said, can be found throughout the Budget speech of Jaitley and in the Budget documents.

However, he added "what was also missing was humour. And inspirational quotes from Victor Hugo or Tiruvalluvar".

He also complimented Jaitley "for shunning the election rhetoric" about the economy as well as the "uninformed diatribe" against UPA policies by some of his colleagues in the run up to Budget day.

"I am glad that Arun Jaitley has acknowledged the basic validity of the numbers presented in the Interim Budget for 2014-15 and has stuck to them...He has also maintained the tax revenue estimates for Corporation Tax, Customs and Service Tax," he added.

Chidambaram further said actually, plan expenditure and non-plan expenditure are higher in the Budget than in the Interim Budget, yet the fiscal deficit remains the same.

"I wonder what those who castigated the Interim Budget numbers will now say!," he said.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Media obsession with his layoff smacks of lack of focus

    Pretty much like his abrupt vanishing act had done 50-odd days ago, Congress vice president Rahul Gandhi’s return on Thursday from a long and myster

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Varun Dutt

<b>Riskfactor</b>: Oblivious to reality

The hostile media effect, originally deemed the hostile media phenomenon, ...

Zehra Naqvi

Sensual wordplay

The student of literature looks for form and structure. The ...

Bubbles Sabharwal

The bitter cold heart of life

Life has a heart just as we do. Most times ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture