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Budget has let down the people of AP: Naidu

India Blooms News Service | | 28 Feb 2015, 08:53 pm
New Delhi/Hyderabad, Feb 28 (IBNS): Andhra Pradesh Chief Minister N Chandrababu Naidu on Saturday said the General Budget presented by Union Finance Minister Arun Jaitley has 'let down' the people of his state.

"The Budget has let down the people of AP. It is Centre's responsibility to provide us a level-playing field to address our needs," Naidu tweeted.

"People of AP have reposed their faith in TDP-BJP alliance. They feel disappointed. I'll work hard until level-playing field is created," he said.

Instead of big bang announcements, Union Finance Minister Arun Jaitley on Saturday presented the General Budget 2015-16 focusing on infrastructure, cleanliness, social security and assuring a high growth trajectory while envisaging stricter laws on black money offenders.

While Jaitley said growth would accelerate  between 8 and 8.5 percent in the coming fiscal year and the pace of cutting the fiscal deficit would be slow, the corporate India reacted positively to the budget calling it incremental and creative.

The finance minister said  7.4 percent GDP is expected for the current fiscal year.

Jaitley did away with the wealth tax and instead introduced a 2 percent surcharge on the super rich. Corporate tax was reduced from 30 to 25 percent in the Budget.