The recently announced central government budget is anti-poor and fails to address the rampant unemployment, rising inflation as well as the growing inequality between the rich and the poor.
The government is determined to push the new tax regime for which there are few takers for a variety of reasons. People who had risen above the poverty level have fallen below the poverty level again. The government is not bothered about the people and their concerns about lives and livelihood and growing inequality between the rich and poor. There is also a need for a reduction in the GST rate for start-ups, as it will make a significant impact on their finances.
The money is not being spent on welfare schemes and subsidies. Tax is being collected by some crony capitalists and big businessmen. The budget was made purely focusing on the upcoming elections in some states. All interests of Ambani, Adani are fulfilled in this budget, but the common man has been blatantly ignored.
