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Union Budget is fraudulent: Sitaram Yechury

Union Budget is fraudulent: Sitaram Yechury

India Blooms News Service | @indiablooms | 05 Jul 2019, 11:13 am

New Delhi, July 5 (IBNS): Communist Party of India (Marxist) general secretary Sitaram Yechury criticised the Union Budget and described it as 'fraudulent'.

"The Budget is fraudulent. The FM has used February 2019 interim Budget’s revised estimates as the revised estimates for the whole year 2018-19! Expenditure cuts in the last quarter in the run up to polls are not accounted for! So a rosy picture of the economy is based on jugglery," he tweeted.

He said no mention has been made in the budget to tackle the issue of job crisis.

"On the massive job crisis that India faces, there is nothing in the Budget. The agrarian distress is also not addressed. No debt-relief and nothing on investment in the sector which is badly required," he said.

The Communist leader further said: "Pay back time for the corporates. 99.3% of them get hefty tax relief but for the majority of Indians, it will be higher priced petroleum products which will feed inflation all-round. #Budget."

Union Finance Minister Nirmala SItharaman presented her maiden budget on Friday.