Sir, I would like to thank you first. I would like to thank the Chairperson of our party. I would like to thank the National General Secretary and the Leader of the House for giving me an opportunity to state certain facts. Before that, I would like to make one comment to my hon. Friend. He has mentioned ‘paisa’ around 40 times in his speech. ‘पैसा’ डा. अ�वाल नहीं जानेंगे, तो कौन जानेंगे? Secondly, he has made a lot of statements that are really defamatory in nature. I would say if he really believes, if he really believed in… सर, इनकी बात छोिड़ए।. मुझेअपनी बात पर आनेदीिजए।. Sir, I would like to start by expressing my deep sorrow at the wasted opportunity of a Finance Minister who has been there for seven years. I came into the Budget process some 21 years ago and have drawn help and helped execute budgets. I have not seen such a lacklustre budget, such an absolutely atrocious Budget. This is the Budget that is fig leaves for plutocracy and for a rule by the rich. I will give just a few examples. Hon. Finance Minster starts off by saying, ‘I let off gold, silver and platinum.’ This is a fact. Sir, gold, silver and platinum is her priority! When I talk of silver, the first thing that comes to my mind is a scandal in the GIFT City, in a particularly favoured State. There is a huge scandal about import of silver. Then she says, ‘I let off cruise ships.’ सर, बजट मेंलग्जरी क�ज िशप्स की भी कोई बात होती है! I gave up the Angel Tax. Angel Tax, Sir, is meant for high investment by high investors. This has nothing to do with the common man. She said, ‘I removed the Angel Tax.’ तो हमारेिलए क्या devil tax है, बाकी क्या devil tax छोड़ा? She has let off Angel Tax! Have you thought even once about small savings? Sir, there is not a word about small savings! Not a word about the common man. The tragedy of the hon. Finance Minister is that she does not understand the subject and rains from a high hog! She has, deliberately, avoided the names of all the important States that voted against her. Sir, West Bengal has not been uttered once; Punjab never, Tamil Nadu never; Kerala never and none of the States she uttered! We do not exist in her scheme of things. That is what I am trying to say. She starts up saying, ‘We are the fifth largest GDP.’ हम यह कब तक सुनेंगे? You are supposed to have made it US$5 trillion by this year. You have not; so, you have lied to the nation. You have not been able to manage even US$4 trillion. As Mr. Chidambaram said, it is all jugglery of deflation. If you have come to close to US$4 trillion, it is not thanks to you, it has happened because of the people of India. As people say, it happened in spite of the Government; didn’t happen because of the Government. Sir, her Economic Survey suddenly brings out one word of truth. I am quoting that sentence. It says, ‘The Indian corporate sector profits are at a fifteen year high.’ I don’t grudge it. I grudge the 75 year low through which the poor are going. That is what my grudge is. The Budget talks of youth, women, poor and farmer. But, what did it do in reality? In reality, it has turned itself into a user-friendly political weapon. It has created monopolies and oligopolies. It has created crony raj and we can go on giving a number of examples, whether it be airport, port, coal, solar and even foreign contract dalal. Now, I come back to taxation structure. It was always around 40 per cent to the personal income tax of poor people and 60 per cent was corporate tax. Sir, 60 per cent used to be the corporate tax. Today, they are equal. It means we are unequal. Personal income tax has gone up from 24 per cent to 55-60 per cent and corporate tax has come down/slashed down deliberately to give them some benefit which they never returned to the nation through any investment. The present calculation is that the present hon. Finance Minister and the hon. Prime Minister have let off Rs. 8 lakh crores – it is a lot of money; it is the Budget of five States put together – of corporate tax, along with a write-off of Rs. 16 lakh crores of banks’ bad debt! Sir, out of Rs. 16 lakh crores of banks’ bad debt (NPAs), she has given me, in writing, that around Rs. 9 lakh crores are on account of Modi, – sorry, Nirav Modi – on account of Yatin Shah, and on account of other big frauds and corporate losses. Sir, with a cumulation of such a plutocratic, such an absolutely openly capitalist Budget, we have landed into an inequality that is one-and-a-half times worse than colonial times. . अगर इनके पास इतना पैसा है, तो कै िपटल फॉम�शन तो करें। But, the Private Capital Formation has declined steadily during this regime. Let them contest it. Those officers, who give them such papers, should also give them such truths, once in a while तािक अपनेख्वाब तो तोड़ें। This has happened consistently. This Budget is the most anti-federal Budget that we have seen in the last 20 years. The most deliberate anti-federal Budget. I will come to my State. They declared an economic war on Bengal because Bengal refuses to subscribe to their principle of hatered. We do not believe in the hatered against minorities. आप हम�मार डािलए, िफर भी हम minority के �खलाफ कोई काम नही ंकर�गे। We do not believe in casteism. So, don’t come and introduce the poison of casteism in my State and say, “हमेंवोट दो – हमेंवोट दो।“ And, for that, we have to pay a penalty that is higher than many other States. We have been stopped funding on MNREGA, Aawas Yojana, Gram Sadak Yojana, and even on health to the poorest. And, our dues are Rs. 1.72 lakh crores. . 1.72 lakh crores! We are doing Awaas Yojana on our own. We are doing MNREGA on our own. नरेगा पर इतना गुस्सा क्यों है, उसका नाम बदल दीिजए न, महात्मा गांधी जी का नाम हटा कर िकसी और का नाम रख दीिजए, पर पैसा तो दीिजए। उसको नरेन्� मोदी �रल डेवलपमेंट बनाइए। West Bengal is the only State that has been deprived for three years. You have declared a special war of vendetta. The Prime Minister and the Finance Minister have declared a special war against us. Please, please look at history. In this sub-continent, if you take out a particular region or a particular State and declare a war of vindictiveness, you are playing with fire. You are playing with fire, with the emotions of the people. You have even stopped kerosene quota. यह क्या हो रहा है? You talk of giving e-vouchers for financial support to one lakh students. Bengal has already given it to eleven lakh students. आप हमें क्या िसखाएंगे? On Finance Commission grants, as you know, there are no conditions possible. But, you have started putting conditions here too. You have started it and it is anti-federal because you are you increasing your tax budget through surcharges and additional duties. And, you are not distributing this. You are keeping this to reward those States that prop you up. You have talked of inflation. The one that matters the most is the food inflation, which is over nine per cent – 9.2 to 9.5 per cent. Vegetable market is on fire. But, you look only at the fire of the stock market. Now, I come to the household consumption expenditure. Your report will not show that 43 per cent Indians are skipping a meal. Your national account 36 or 24 shows that household incomes have crashed by rupees nine lakh crores in two years. I am repeating, crashed by nine lakh crore rupees in two years! The household savings have come down as a percentage of GDP. The household consumption expenditure has been shattered because of inflation. We come to Budget. When you talk of so many things that you are giving, you are not mentioning that this is on borrowed money. Never before have we relied on rupees fourteen lakh crores of borrowal. You are putting the nation into a debt. Remember, 67 years and 13 Prime Ministers borrowed 55.8 lakh crores of rupees. But, one Prime Minister alone has borrowed three times more. It is a fact; let them refute it. And, now you talk of increased budget, मैंयह देरहा हूं, वह देरहा हूं। Our debt, as a part of the GDP, you say, is lower than that of the USA or Japan. उनके पास क्षमता है। They have the capacity to repay. They do not have such a huge burden of the poor to carry on. So, do not compare incomparables. You have cut down even on subsidy. You have cut down even on subsidy on every account. On unemployment, you are on complete denial mode. Unemployment has already burnt you. The gentleman who spoke before me, his State has come down to half, where his party is concerned. When I talk, my State, my party has gone up by 20 per cent in my State. So, these are the results. Do not fool yourself. Unemployment will blow up on your face. The labour force reports are based on mythical things. You worked for one hour, it is taken as a week employment. You worked for one month, it is taken as your annual employment. अपनेआपसेअसत्य बोलना बंद कीिजए और कभी-कभी सच का मुंह देिखए। Now, employment linked subsidy is a new step. Before I come to that, I will tell you that we demand a White Paper on PLI. On PLI, I feel there is something that we all need to look at because almost all of it is going to one State. In that State, Micron industry charges 3.2 crores per job. This is a racket. You have to take a look into it. And, if the Government has the capacity, let it put up a white paper on who got PLI, where and for what purpose, in which State, cornering of all industries into one State, just one State, favouring a couple of other States. On health, our Budget has slashed. We need three percent of the GDP, we are spending less than one. सर, यह क्या हो रहा है? इतनी बड़ी-बड़ी बातेंकरतेहैंिक मैंयह कर रहा हूं, वह कर रहा हूं। On health alone, we have crashed. On education, we have crashed. From our six per cent target, we are nowhere near three percent. This is a Budget meant for the rich, only for the rich and it is a completely anti-federal, antipoor Budget and needs to be junked out. I completely believe that this is a motivated one that is meant against the poor man, against the citizens. Look at small savings, look at the over-centralisation of the NEET, look at the over-centralisation at every level and you know what I mean. With these words, Sir, I strongly condemn the Budget and the points that I have raised, I hope, the hon. Finance Minister replies in a soft, decent manner with logical facts, not anger. Thank you, Sir.
