PUNJAB STATE COORDINATION COMMITTEE OF CPI AND CPI ( M ) PRESS NOTE PUNJAB BUDGET IS ADHOC , NON DEVELOPMENTAL AND ANTI - PEOPLE - BRAR & VIRDI Chandigarh July 17, 2014. Comrade Bant Singh Brar, Secretary, State Council of CPI and Com. Charan Singh Virdi, Secretary, Punjab State Committee Of CPI(M) in a joint statement here today giving their evaluation termed the Budget for the year 2014-15 presented by Finance Minister, Mr. Parminder Singh Dhindsa as adhoc, non developmental and anti people. They criticized the Akali- BJP coalition government for not giving any relief to the peasantry suffering from deepening agricultural crisis, ( growth rate has fallen to 0.3 % during 2013-14 ) drought and power shortage. They further said that the budget also does not give any relief to the working class reeling under skyrocketing prices of essential commodities and slavelike working conditions imposed by the capitalist employers. Com. Brar and Virdi stated that there is no hope for employment and jobs for the lakhs of unemployed youth. The Badal government stands fooled since there is no financial bailout by the NDA government at the centre in its first budget to rescue the state from financial debt trap, said Com. Brar and Virdi. But the finance minister Mr Dhindsa is still trying to befool the people by saying that the central government will give us sufficient funds.The debt shall be touching the high level of Rs 113053 crores as per the budget estimates for 2014-15 where debt service eatings Rs 10505 crores of revenue income of the state and the state has to raise new loan of Rs 13448 crores. While commenting on the deteriorating financial position of the state , both the communist leaders said that the revenue defecit of Rs 4252 crores means the Badal government is continuing to live beyond its means , which will further plunge it into more deep in debt trap. They further said the finance minister is hoodwinking the people of Punjab by boasting of enhancing the allocations in Plan budget by 25% and raising it to ie 20100 crores for the year 2014-15 .It is all phoney , since there is no money. ( CHARAN SINGH VIRDI ), ( BANT SINGH BRAR ) Secretary, Secretary, Punjab State Committee, State Council of CPI, CPI(M) Punjab. Mobile- 94172-05429. Mobile -- 98767-26452
Posted on: Thu, 17 Jul 2014 09:13:32 +0000
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