Under the prevailing circumstances with high inflation coupled with drought like scenario greater focus should have been given on agriculture, irrigation and social sector. However, the Union Budget lacks focus in these crucial areas. Fiscal consolidation without revenue gain through introduction of GST is a misnomer. The concern of the States for adequate compensation for loss in Central Sales Tax has not been tackled. Nominal increase in allocation for flagship schemes will hurt the development process of the States,Except for the promise for an IIM, there is nothing for Odisha in this Budget. As usual the Textile Mega-cluster has bypassed Odisha in this Budget. Meagre allocation on ambitious programmes like Rural Electrification speaks of tokenism.
Posted on: Thu, 10 Jul 2014 16:30:37 +0000
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