ANI
03 Feb 2023, 03:03 GMT+10
Vijayawada (Andhra Pradesh) [India], February 2 (ANI): Communist Party of India (Marxist) leader Chigurupati Babu Rao on Thursday called the union Budget 'anti-people' saying it betrayed the state of Andhra Pradesh once again.
"Union budget totally betrayed Andhra Pradesh. There are no funds for AP. The finance minister didn't mention the name of AP itself. what about backward classes," Chigurupati Babu Rao said.
The CPI (M) leader said no funds were earmarked for the railway, metro and Polavaram projects.
"It is an anti-people Budget. Funds were decreased on the remaining commodities as well. Jagan Mohan Reddy and Chandrababu Naidu are not responding on this,' Babu added.
Babu further added they are going to appeal to the regional parties to conduct agitations against this budget.
Meanwhile, Sitharaman yesterday announced an increase in the income tax rebate limit from Rs 5 lakh to Rs 7 lakh stating that the new tax regime will now be the default tax regime.
The Finance Minister also proposed to change the tax structure in this regime by reducing the number of tax slabs to 5 and increasing the tax exemption limit to Rs 3 lakh.
The government proposed to increase capital expenditure outlay by 33 per cent to Rs 10 lakh crore in 2023-24, which would be 3.3 per cent of the GDP, Union Finance Minister Nirmala Sitharaman said on Wednesday.
Further, the government proposed to increase the agricultural credit target to Rs 20 lakh crore with a focus on animal husbandry, dairy and fisheries, Sitharaman said. The agriculture sector of the country has been growing at an average annual growth rate of 4.6 per cent in the last six years.
Presenting the Union Budget 2023, Union Finance Minister Nirmala Sitharaman on Wednesday pegged the fiscal deficit target for 2023-24 at 5.9 per cent of gross domestic product (GDP).
The Finance Minister further said that the government intends to bring the fiscal deficit below 4.5 per cent of GDP by the financial year 2025-26. (ANI)
Get a daily dose of Maine Mirror news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Maine Mirror.
More InformationIt's more cost-effective than the fanciful alternatives, a new study finds. (Minimizing new junk, of course, helps.) ...
Rollbacks on child labor protections are happening amid a surge of child labor violations. ...
A U.S. ban on TikTok wouldn't meet the challenge of limiting harm to users of all platforms. ...
A college education is a hybrid between a public good and a private good. ...
Kamala Harris's political defense could benefit from the logic of Mike Pence's subpoena defense. ...
Follow the StarTribune for the news, photos and videos from the Twin Cities and beyond. ...
WASHINGTON D.C.: US House of Representatives Speaker Kevin McCarthy has said that lawmakers will move forward on legislation aimed at ...
CROWNPOINT, New Mexico: Navajo Technical University, located on the largest Native American reservation in the US, has become the first ...
WEST READING, Pennsylvania: An explosion occurred at a chocolate factory in Pennsylvania, killing seven people and seeing ten staff members ...
OTTAWA, Canada: US President Joe Biden and Canadian Prime Minister Justin Trudeau have announced a plan to close a loophole ...
UVLADE, Texas: Texas police stopped a Florida-bound freight train this week and discovered two migrants had died in a freight ...
ROLLING FORK, Mississippi: A powerful tornado has struck Mississippi, killing at least 25 people, injuring dozens, flattening entire blocks and ...