Mamata slams Union Budget

"But from the beginning, we are getting disappointed. Only one positive sign of the new government is established in two budgets that they have become a government of the FDI, by the FDI and for the FDI. Already, there is FDI in the retail. Now FDI is increased to 49% in Defence, and Insurance Sectors. In addition, disinvestment in banking sector is up to 49%.  All these will adversely affect the people of the country," Banerjee posted on her Facebook page on Thursday.

"Again ₹ 100 crore has been allocated for the start-up companies for the rural youth. As against about 55 crore of rural youth population in the country, only ₹ 100 crore is highly insulting to them," she said.

She criticised the Centre for giving West Bengal a place among the six new textiles clusters announced in the budget.

"Even though, West Bengal has tremendous potential for textiles sector, it does not find place among the six new textiles clusters announced in the budget," she said.

"West Bengal, even being the largest fruits and vegetables producers in the country, has been denied for Horticulture University announced in the budget," Banerjee said.

She called the budget as 'visionless, missionless and actionless from the angle of the common people'.

"It is not going to stimulate growth and development of the poor," Banerjee said.

The Trinamool Congress (TMC) supremo said: " In both the budgets, it is noticeable that Bengal and so many other states are getting deprived. The new government has just started functioning with a political vendetta. It is the morning that shows the day."

Union Finance Minister presented his maiden Union Budget in the Parliament on Thursday.