NEW DELHI / AGARTALA, May 5 (TIWN): Lok Sabha on Wedeesday passed a bill allowing the central government to withdraw Rs 66.07 lakh crore from the consolidated fund to meet its expenditure during 2016-17, thus completing the second phase of the budgetary exercise.

Picking flaws in the Budget, MP Jiten said it lacked vision and was full of “hollow promises”. It also burdened commoners by way of “inflationary” indirect taxation, he said.

“FM says Budget is about fulfilling ‘desires & dreams’ but it has no vision. The dead certainty from it is of a shrinking economy,” Jiten said in Loksabha Debate. MP Jiten Pointed that the schemes announced/supported by Union Finance Minister Arun Jaitley in the budget were the ones opposed by Prime Minister Narendra Modi before elections, adding increasing cess will hurt.

“FM says Budget is about fulfilling ‘desires & dreams’ but it has no vision. The dead certainty from it is of a shrinking economy,” Jiten said. “Increasing cess hurts the common man, with indirect tax collections proposed to be up by Rs 20,600 crore.

Direct tax proposals are down by Rs 1,060 crore. This means more burden on common people as indirect taxes are inflationary. State like Tripura always deprived of more fund under Sabha Sikhya, ASIDE, BRGF, SPA, Health, Agriculture, Transport ,Rural Development like schemes. Moreover stop funding those schemes. Moreover there is no  positive answer by DoNER Ministry as far as  NLCPR is concerned.

So there will be no expansion in domestic demand,” he stated.