Tuesday, Mar 01, 2005
Tuesday, Mar 01, 2005 |
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Advts: Classifieds | Employment | Karnataka
By Our Staff Reporter
BANGALORE, FEB. 28. The Union Budget for 2005-06 has indirectly imposed an additional burden on the poor and the middle class and failed to emphasise reforms, the President of the State unit of the Bharatiya Janata Party, Jagadish Shettar, has said. In a press release here today, he said the budget concentrates on Bihar, Jammu and Kashmir and the northeastern States. It is unfortunate that the budget has not made any reference to the 79 backward taluks in the State.
`Ridiculous'
The national BJP General Secretary and MP for Bangalore South, H.N. Ananth Kumar, has termed as highly condemnable and ridiculous the proposal in the Union Budget to impose a tax on withdrawal of Rs. 10,000 or more a day from banks. Mr. Kumar said that the cess on petrol and diesel will have a cascading effect on all essential commodities. The budget is inflationary and anti-poor. The proposal to reduce customs duty and tax on many items will not benefit the poor and the middle class. There are no measures for employment generation, he said.
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