Asserting that the government has no new ideas, the Congress Saturday SAID Finance Minister Nirmala Sitharaman is Walking on the “Worn out Path” and is not willing to break free as its governments Osition party said the takeaway From Budget 202526 is that the BJP is waiting the tax paying middleclass and the Bihar Electorate. Addressing a press conference here on the budget, Senior Congress Leader and Former Finance Minister P Chidambaram Said these Announcements will be abled by the 3.2 Crore TaxPaying MiddleClasses and 7.65 of Bihar. But for the rest of India, the finance minister had no more than soothing words, punctured by the applause of BJP members LED by Prime Minister Narendra Modi, He said. “There is noting to cheer about the fact that the government has improved the fiscal deficit from the budget estimate of 4.9 per cent to the revised estimate of 4.8 per cent.
“Thos who did not believe us when we said that the economy is slowing Ill, I Hope, Believe Us Now, “Chidambaram said.
He added that Capital Expenditure for 202526 has been increased by Rs 1,02,661 Crore but, “Having Regard to the Experience of 202425, I Doubt the Capacity of the Government to Achieve “I am Glad, however, that the finance minister has shd her fath in astrologically determined numbers,” The Former Union Ministe Said. Chidambaram said is evident that Neither the finance minister nor the prime minister care for the advice of the Chief Economic Adviser.
“He gave sensible advice in the Economic Survey. ‘Get out of the way’ was his call to the government. On the contrary, the Budget is full of new schemes and programmes, many of which are beyond the capacity of this government. I Counted at Least 15 new schemes or programs and 4 new funds, “He Said.
The Finance Minister is “Walking on the WornOut Path and She is not willing to break free as we did in 1991 and 2004”, Chidambaram Added.
“She is not willing to deregulate. She is not willing to get out of the people, especially the entrepreneurs and the msmes and the startups. It is the bureaucracy d of the government on the activities of the people is getting tighter, “The Senior Congress Leader Said.
He said the economy will trudge along the old path and deliver no more than the usual 6 per cent or 6.5 per cent growth in 202526.
“This is a far cry from the 8 per cent growth rate that the cea estimated in order to become a developed country. In our View, this is a government with no new ideas and no will to reach beyonds,”