The Congresseader called the announcement made for Bihar as an election tactic as the state is going to poll soon.
New Delhi: Congress leader Jairam Ramesh has expressed his dissatisfaction over the Union Budget presented on Saturday. Taking to the social media platform X, the Congress general secretary in charge of communication observed that the budget failed to address four crises gripping the economy.
The Rajya Sabha MP pointed out that the economy is suffering from four related crises: stagnant real wages, lack of buoyancy in mass consumption, sluggish rates of private investment, and a complex and complicated GST system.
“The budget does NOTHING to address these illnesses,” Jairam Ramesh wrote, acknowledging that the only relief has been for income tax payers.
The Congress leader further stated that it is to be seen what the actual impact the tax cut will have on the economy.
Read Also: Union Budget 2025 Live Updates: No Income Tax Upto Rs 12 Lakh, Says FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Saturday presented Union Budget 2025, announcing serval changes, reforms and measures for various sectors. The minister claimed that the tax cut, one of the major relief in the Budget 2024, would leave more money the hand of middle class, boosting household consumption, savings and investment in the new tax regime.
“The FM spoke of 4 engines: Agriculture, MSMEs, Investment, and Exports. So many engines that the Budget has been completely derailed,” the Congress leader said.
Taking note of the announcement made for Bihar, the Congress leader said it is natural since elections are due there later in the year. “But why is the other pillar of the NDA, namely Andhra Pradesh, been so cruelly ignored?,: the MP asked.
The economy is suffering from four related crises –
i. Stagnant real wages
ii. Lack of buoyancy in mass consumption
iii. Sluggish rates of private investment
iv. A complex and complicated GST systemThe Budget does NOTHING to address these illnesses.
The only relief has been…
— Jairam Ramesh (@Jairam_Ramesh) February 1, 2025
