The interim budget presented by Finance Minister P Chidambaram in the parliament on Monday is a budget for poor, farmers, youths, and common men, Chhattisgarh Congress president Bhupesh Baghel and leader of Opposition in the Assembly TS Singhdeo said.
In the budget the Finance Minister told that India’s economy is the 11th largest in the world which is a matter of pride.
Thinking about the future of the students, the budget announced a subsidy scheme on education loans taken before March 31, 2009 which is a matter of appreciation, they said. It will help 9 lakh students in the country.
By announcing that the Government will pay the outstanding interest liability for the period till December 31, 2013 he has brought cheers among the students who were facing difficulties to pay their study loan, they said.
By cutting down excise duty on different vehicles including the bikes, soaps, cell phones and capital goods from 12 per cent to ten per cent will bring down their prices thereby providing relief to large number of people, they said.
The United Progressive Alliance government fulfilled its promise by providing ten thousand jobs. In the next ten year, it offers to provide jobs to ten thousand people, stated the statement issued by Congress spokesperson Mahendra Chhabara.
The Congress has reaffirmed its commitment for the common men by setting a target to provide eight lakh crore rupees agriculture loan to the farm sector and seven crore rupees investment in farm sector.
Similarly farmers will directly benefit from the improvement of the land acquisition bill. By keeping the interest rate on the farm loan unchanged, allocating 82 thousand crore for rural development and seven thousand crore rupees for panchayati raj , he said demonstrated the government’s commitment.
Terming the interim budget a better one for the country, both Baghel and Singhdeo said it will benefit the common men directly.