The budget presented by Finance Minister Mrs. Nirmala Sitharaman neglects the challenges faced by the Indian economy.
Rising unemployment, inflation, increasing inequality and regional disparities are some of the major issues faced by the Indian people but the budget fails to address them. Already the economy is in a bad shape and the value of Indian Rupee has fallen to unprecedented low level. Foreign debt is increasing.
Social sector and welfare of the marginalized people are neglected as schemes like MNREGA are not given importance and there is no adequate allocation on education, health and social sector.
Similarly, private partnership in nuclear field and increasing private participation in every sphere of economy will continue to ruin the economy.
100 per cent FDI in insurance sector is bound to impact LIC and GIC which are already facing problems in the country. Budget does not address the issues of pensions, social security and pressing issues like MSP demanded by farmers. It fails to address gender equality and social justice issues.
Budget talks of zero poverty but in reality the number of people below poverty line is on the increase.
CPI calls upon people to protest exposing the pro-corporate policies and failure to address the issues of livelihood of the people by the union government.
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