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February 28, 2015

Trinamool’s reaction to Union Budget 2015

Trinamool’s reaction to Union Budget 2015

Professor Saugata Roy and Derek O’Brien briefed the media in Parliament on Trinamool’s reaction to Union Budget 2015:

  • This Union Budget 2015 is not for the people, not for the poor and not for the middle class
  • Lot of talk on giving more to the States. This is untrue. Last year, gross output to States was 61.88%. This year it is 62%
  • There is a saying in Bengali: Machher tele Machh Bhaja (Frying fish in fish oil). Only hollow talk on Federalism
  • There is a lot of big talk on infrastructure and social development. Big promises… Where is the action plan?
  • Lot of projects – BRGF, Modernisation of police, National Mission on Food Procurement, National e-governance plan and 15 other Schemes – delinked from Central funding
  • They talk of Look East and give ‘small change’. Same package as Andhra (AP got Rs 850 Cr)… 1 lakh Crore interest burden paid by West Bengal to Centre
  • Service Tax has been increased. Middle class will be hurt. Prices of essential commodities will go up.
  • 100 Days’ Work Scheme – remains unchanged. Minor increase in allocation from Rs 33k Cr to Rs 34K Cr. Rs 5000 Cr comes with a caveat


WB Finance Minister reacts to Union Budget 2015:

  • There is a talk of increasing the share of devolution from 32% to 42%
  • The truth is, if all the grants all calculated together, in 2014 61.88% was given, in 2015 the share is 62%
  • Allocation for “Sarba Sikha Abhiyan” has been slashed by 22.14%
  • Allocation for ICDS has been deducted by 50%. National Livelihood Mission decreased by 12%
  • Total grant to State in 2014 was Rs 4,05,582 Crore and in this year Rs 3,28,277 Crore, a reduction of 20%
  • Allocation to the Pradhan Mantri Gram Sarak Yojona, Primary Education Sector, Health Sector not been increased
  • On behalf of the West Bengal Government, I must say this is an ‘anti people’ Budget
  • The 14 Finance Commission predicted an allocation of 62.75% to the states. Central Government has not even able to reach target
  • There is no relief to the tax payers for the individual payers
  • There is a talk of a package in the lines of Andhra Pradesh. We do not know the amount of package or any details