NEW DELHI: Congress MP Manish Tewari criticized the budget process on Saturday, calling it a ‘ineffective ritual.
In a submit on X, Tewari mentioned the budget has turn out to be an annual ritual for the finance minister, much like the President’s deal with.
“What is a budget? It is nothing more than an accounting exercise. How much did Government earn and how much did it spend.Over the years it has evolved into an annual grandstanding ritual for the Finance Minister. It is as useless a ritual as the President address, Tewari said.
He suggested that instead of a detailed presentation, the government could simply submit its income and expenditure statement in Parliament. “The revenue and expenditure assertion of the federal government can simply be laid on the ground of the home,” he posted.
Congress MP Manickam Tagore urged the government to change its policy, saying that the wealthy are becoming richer while the middle class is struggling.
“We all know that India’s economic system is in a special stage now. Employment numbers are happening and concrete spending has additionally gone down. The super-rich are getting tremendous cash whereas middle-class persons are struggling. We count on that the govt. will change its coverage and deal with the individuals’s ache,” he mentioned.
On Friday, the Economic Survey offered in Parliament projected India’s financial development between 6.3 per cent and 6.8 per cent for the monetary yr 2025-26.
Finance minister Nirmala Sitharaman on Saturday is about to current her eighth consecutive Budget, which she is going to ship from a digital pill enclosed in a standard ‘bahi-khata’ model pouch.
