The Polit Bureau of the Communist Party of India (Marxist) has issued the following statement on July 10.
THE debut budget of the BJP government expresses deep commitment to continue the trajectory of reforms of benefiting foreign and domestic capital by emphasising on larger FDI flows and enlarged avenues for PPP projects. Fiscal consolidation is sought to be effected through contraction of public expenditures and not by increasing revenues through taxing the rich. Thus it is a recipe for further enriching the rich and impoverishing the poor.