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Budget 2014-15: Government of FDI, by FDI and for FDI, says Mamata

PTI     July 10, 2014

Terming the Indian Union Budget as 'visionless, missionless and actionless', West Bengal Chief Minister Mamata Banerjee on Thursday dubbed the Narendra Modi regime as a 'government of the FDI, by the FDI and for the FDI'.

"The budget is visionless, missionless and actionless from the angle of the common people. It is not going to stimulate growth and development of the poor," Banerjee said in a Facebook post.


Stating that a call for a strong and vibrant India was made before the government came to power and that there would be good governance, Banerjee said sarcastically "Only one positive sign of the new government is established in two budgets that they have become a government of the FDI, by the FDI and for the FDI.

"Already, there is FDI in the retail. Now FDI is increased to 49 per cent in Defence, and Insurance Sectors. In addition, disinvestment in banking sector is up to 49 per cent. All these will adversely affect the people of the country," Banerjee said.

Accusing the Centre of political vendetta in both the rail and general budgets, Banerjee said "It is noticeable that Bengal and so many other states are getting deprived."

She said that even though West Bengal had tremendous potential in the textile sector, it did not find place among the six new textiles clusters announced in the budget.

Banerjee also said that West Bengal being the largest fruits and vegetables producers in the country was denied a Horticulture University announced in the budget.


Even in 100 days work scheme, where poor people were involved, she said not a single paise was increased in allocation.

"On the other hand, prices of petrol, diesel and kerosene along with prices of fruits and vegetable and other essential commodities are increasing day by day," the Trinamool Congress Chief said.

Stating that Rs 100 crore was allocated for start-up companies for the rural youth, Banerjee said "As against about 55 crore of rural youth population in the country, only Rs 100 crore is highly insulting to them."

Referring to her government's on-going project to empower the girl child, she said that the 'Kanyashree' project was launched for the first time with a provision of about Rs 1000 crore. {blurb}

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