Budget 2020: Rahul Gandhi said FM Sitharaman's peech was 'hollow'Budget 2020: Rahul Gandhi said FM Sitharaman's peech was 'hollow'Calling Nirmala Sitharaman's budget speech "hollow", Rahul Gandhi on Saturday said the government's annual financial statement was full of talk but nothing substantial.
"Maybe this was the longest Budget speech in history but it had nothing, it was hollow," Gandhi said. He also stated, "The main issue facing is unemployment. I didn't see any strategic idea that would help our youth get jobs. I saw tactical stuff but no central idea. It describes govt well, lot of repetition, rambling-it is mindset of govt, all talk, but nothing happening".
Rajya Sabha MP Anand Sharma also targeted Sitharaman saying the FM has failed to explain budgetary maths. "Flowery language and high-sounding words and platitudes are meaningless," Sharma stated.
FULL COVERAGE: Union Budget 2020
Sharma also said, "Goal of 5 trillion dollar economy by 2024 with a GDP growth of 4.8% is a pipe dream. To achieve that requires uninterrupted double-digit GDP growth".
Goal of 5 Trillion dollar Economy by 2024 with a GDP growth of 4.8% is a pipe dream . To achieve that requires uninterrupted double-digit GDP growth. #Budget2020
Anand Sharma (@AnandSharmaINC) February 1, 2020
President of Mumbai Regional Congress Committee, Milind Deora tweeted, "During the last 5 years, power generation has seen zero private capital expenditure. The government's decision to offset this shortfall by spending more on infrastructure is a welcome step. However, #Budget2020 failed to address state DISCOMs' Rs 4 lakh crore debt burden" .
During the last 5 years, power generation has seen zero private capital expenditure.
Milind Deora (@milinddeora) February 1, 2020
The governments decision to offset this shortfall by spending more on infrastructure is a welcome step.
However, #Budget2020 failed to address state DISCOMs 4 lakh crore debt burden
He also added, "Nominal GDP growth pegged at 10% I'm less worried about the government's 'Fiscal' Deficit than I am about it's 'Talent' Deficit".
National Campaign In-charge, Indian Youth Congress, Srivatsa, taking a dig at Nirmala's budget 2020, stated, "5 New Smart Cities announced in Budget 2020. The 100 New Smart Cities announced in 2015 have already been upgraded to the world class standards of Harappa and Mohenjo-daro".
5 New Smart Cities announced in #Budget2020
Srivatsa (@srivatsayb) February 1, 2020
The 100 New Smart Cities announced in 2015 have already been upgraded to the world class standards of Harappa and Mohenjo-daro
Senior Congress leader Ahmed Patel said that Budget 2020 not only confirmed bankruptcy of the economy but also bankruptcy of government's idea. "Piecemeal measures, repackaged schemes, jugglery of tax slabs & no real solutions to solve the present economic crisis," Patel said referring to the Union Budget.
"After squeezing out LIC of profitability the govt now wants to sell it, to rescue itself," he claimed.
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