Hyderabad, Feb.1 (RAHNUMA): CPI state secretary and the party MLA Koonamneni Sambasiva Rao on Sunday alleged that the central budget had caused great disappointment by failing to make any allocations or announcements regarding the promises made during the state’s bifurcation. He stated that even after 12 years since the formation of the state, the BJP government at the center had ignored the bifurcation promises such as the steel factory, metro rail for Hyderabad, regional ring road, national status for an irrigation project in the state and an announcement regarding the Kothagudem airport.
Sambasiva Rao expressed anger that the budget did not offer any solutions to the immediate problems faced by the people such as unemployment and economic disparities. He said that this budget did not provide any relief to the middle class and the poor but was only favorable to corporate companies . He criticized the fact that like adding insult to injury, the central government had renamed the employment guarantee scheme and added that through the ‘VBG-Ram-G ‘ scheme, the centre was imposing a 40 percent burden on the states, which are already struggling with loans and financial burdens.
He strongly objected to the allocation of only 41 percent of central taxes to the states as per the recommendations of the 16th Finance Commission. He demanded that the central government should give 50 percent of its taxes to the states. Sambasiva Rao also demanded that the central ministers and BJP MPs elected from the state should answer to the people regarding the central government’s discrimination against the state and added that the budget introduced by the Central Government was a hollow budget.
Centre’s budget is misleading: CPI National Secretary Palla Venkat Reddy
CPI National Secretary Palla Venkat Reddy criticized the budget introduced by the Central Government and called it a hollow budget. He said that it failed to satisfy any section of society. He stated that the budget had not provided any support to the manufacturing sector and other sectors, which are already struggling under the burden of American tariffs. He remarked that the central budget had further damaged the spirit of federalism.
Palla criticized that the government had not taken any measures regarding job creation and was misleading the public with the slogan of ‘Viksit Bharat 2047’ without addressing the immediate problems faced by the people, such as unemployment, inflation and economic disparities. He expressed anger that the demand for imposing a wealth tax to control the concentration of wealth in the hands of a few had been ignored. Palla Venkat Reddy said that the banking high-level committee was proposed as part of a conspiracy to merge public sector banks and provide large-scale loans to big business houses.
