Kerala - Thiruvananthapuram   

KPCC terms it ‘disappointing'

Thiruvananthapuram: Kerala Pradesh Congress Committee president Ramesh Chennithala on Friday termed Finance Minister T.M. Thomas Isaac's budget for 2010-11 “disappointing” and one which completely ignored the common man.

In a statement here, he said the Finance Minister had made new announcements despite the fact that most of his earlier ones remained only on paper.

It was preposterous to state that the government would establish eight new industrial units in the public sector in the next one year given the fact that it had been unable to give a boost to new industrial investment during the four years it had been in power, he said.

Kerala Congress (Jacob) leader T.M. Jacob said the budget would push Kerala into a debt trap. The budget failed to come up with creative steps to tackle price rise.

The budget did not have allocation for implementing the pay commission recommendations, besides completely ignoring the agricultural and industrial sectors, he said.

BJP reaction

Bharatiya Janata Party (BJP) State president V. Muraleedharan has said the State budget lacked any measure to check price rise and solve unemployment.

In a statement here on Friday, he said the absence of any reference to SmartCity was proof enough that the government had ignored unemployed youth.

The budget, he said, deviated from the stated policy of improving the finances by reducing revenue deficit. Mr. Muraleedharan said that agriculture growth in the State was only 0.05 per cent against 10 per cent in States such as Gujarat. This raised concern. In capital expenditure also, Kerala was behind other States. The BJP staged a demonstration in front of the Assembly in the morning in protest against the failure to carry out the proposals in the current year's budget.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

State gets five tourism awards
B-school fair from today
Funds for women's special schemes
Kairali TV moves to own premises
Revenue deficit: Isaac blames finance panel
State to get eight new PSUs
Measures to promote energy conservation
5% interest subsidy for Kudumbasree loans
State for policy correction at Centre
KPCC terms it ‘disappointing'
Exempting spirituality from levies
Rs.166 crore for public health
50% rise in outlay for education
Tourism sector divided over proposals
Higher outlay for job scheme
Budget lacks credibility: Leader of the Opposition
Cash, jewellery stolen from car
Budget welcomed
More funds for Vizhinjam
In Thiruvananthapuram Today

Copyright © 2010, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu