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.

EDITORIAL OF THE DAY

  • The Opec decision to cut crude output by 1.8b barrels a day is bad news for India

    The Narendra Modi government’s exuberance on managing vital macro-economic parameters was driven in the main by benign global crude prices fueled by

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Cut & Thrust: 26/11 memories haunt us

Bumped into my old friend Anupam Kher the other day. ...

Ananda Majumdar

The art of prescient politics

Bihar chief minister Nitish Kumar’s timely support to the Narendra ...

Sachin Shridhar

The quagmire called kashmir

For the past three decades, the separatist leaders have claimed ...