Budget 2019-20

Union Budget, a Gift to Corporate India

THE union budget for 2019-20, presented by Finance Minister, Nirmala Sitharaman in parliament on July 5, fails to live up to the expectations of the vast majority of the people – workers, farmers, agricultural workers, women and the disabled. The first budget of the Modi-2 government is a gift to the corporate India and foreign financial interests who will strengthen their hold on economy.

Decoding the Budget Numbers, and the Words!

SINCE Piyush Goyal tabled the interim budget before parliament earlier this year (February 1, 2019), the Lok Sabha elections giving the Modi government an almost certain additional five years in office is not the only development. In addition to the reality of deepening agrarian distress and grim employment situation that were known even then, at least three other mutually related hard facts relevant to the finalisation of the budget for 2019-20 have also become known since, being acknowledged even by the Economic Survey.

Union Budget: Payback Gift to Corporates

CPI(M) Polit Bureau has issued the following statement on July 5THE first budget of the second Modi government presented by Nirmala Sitharaman was a payback gift after the elections to corporate India and foreign financial interests. The budget and the speech were full of several promises and commitments that would help big corporate capital and the wealthy to strengthen their grip on the Indian economy and foster greater integration of the Indian economy with international financial markets.

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