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Budget has 'betrayed' hopes of the vast majority of people: Ex-Finance Minister P Chidambaram
 
'Who has benefited by this Budget?': Ex-Finance Minister 

Budget has 'betrayed' hopes of vast majority of people: Ex-Finance Minister P Chidambaram

Budget has 'betrayed' hopes of the vast majority of people: Ex-Finance Minister P Chidambaram
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Congress leader P Chidambaram on Wednesday claimed that the Union Budget has "betrayed" the hopes of a vast majority of Indians and shows how far removed the government is from the people and their concerns about life, livelihood and the growing inequality between the rich and the poor.
He stressed that no taxes have been reduced except for the small number who have opted for the new tax regime.
"No indirect taxes have been reduced. There is no cut in the cruel and irrational GST rates. There is no reduction in the prices of petrol, diesel, cement, fertilizers etc. There is no cut in the numerous surcharges and cesses which are, anyway, not shared with the state governments," Chidambaram said.
"Who has benefited by this Budget? Certainly, not the poor. Not the youth looking desperately for jobs. Not those who have been laid off. Not the bulk of the taxpayers. Not the homemaker. Not the thinking Indians who are shocked by the growing inequality, the rise of the number of billionaires and the wealth being accumulated in the hands of the 1 per cent of the population. Certainly, not you," he said.
Chidambaram alleged that the government is determined to push the fortunes of "gift city", Ahmedabad, at the cost of other commercial and financial centres.
"The government is also determined to push the 'new' tax regime for which there are few takers for a variety of reasons.
"Besides, making the new tax regime the default option is grossly unfair and will rob the ordinary tax payer of the meagre social security that he may get under the old tax regime," the Congress leader said.
Also Watch: <a href="https://www.editorji.com/india-news/politics/union-budget-not-futuristic-anti-people-mamata-banerjee-1675245330349">Union Budget 'not futuristic', 'anti-people': Mamata Banerjee</a>

Demonetisation verdict: Congress leader P Chidambaram reacts to SC decision 

"We are happy that the minority judgement has pointed out the illegality and the irregularities in the demonetisation. It may be only a slap on the wrist of the government, but a welcome slap on the wrist," he noted.

Former Union Finance Minister P Chidambaram on Monday said the majority verdict by the Supreme Court has steered clear of the question whether the objectives of the demonetisation exercise were achieved at all.
The 'minority' judgement pointed out the 'illegality' and the 'irregularities' in the demonetisation, Chidambaram said on Monday soon after the apex court made its verdict.
"Once the Hon'ble Supreme Court has declared the law, we are obliged to accept it. However, it is necessary to point out that the majority has not upheld the wisdom of the decision; nor has the majority concluded that the stated objectives were achieved," the senior Congress leader said in a tweet.
"In fact the majority has steered clear of the question whether the objectives were achieved at all," he said.
ALSO WATCH: <a title="Demonetisation verdict: Supreme Court calls Modi govt's note ban decision valid; one judge dissents" href="https://www.editorji.com/india-news/demonetisation-verdict-supreme-court-calls-modi-govt-s-note-ban-decision-valid-1672638093369">Demonetisation verdict: Supreme Court calls Modi govt's note ban decision valid; one judge dissents</a>
"We are happy that the minority judgement has pointed out the illegality and the irregularities in the demonetisation. It may be only a slap on the wrist of the government, but a welcome slap on the wrist," he noted.
The dissenting judgement would rank among the famous dissents recorded in the history of the court, he pointed out.
Earlier in the day, the Supreme Court upheld the government's 2016 decision to demonetise the currency notes of Rs 1,000 and Rs 500 denomination saying the decision making process was not flawed.
There has to be great restraint in matters of economic policy and the court cannot supplant the wisdom of the executive by a judicial review of its decision, a five-judge Constitution Bench of the apex court, headed by Justice S A Nazeer, said.&nbsp;

Senior Congress leader P Chidambaram on Thursday said Finance Minister Nirmala Sitharaman has called the planets to the rescue of the economy after giving up hope in her own skills and that of her economic advisers.

P Chidamabaram vs Nirmala Sitharaman : Planets align for another twitter bout

Why is P Chidambaram asking FM Sitharaman to take up astrology?

Chidamabaram vs Sitharaman: Planets align for another twitter bout

The Congress on Wednesday had hit out at Nirmala&nbsp;Sitharaman, saying she is more interested in Uranus and Pluto than in steering the country's economy towards recovery.

Senior Congress leader P Chidambaram on Thursday said Finance Minister Nirmala Sitharaman has called the planets to the rescue of the economy after giving up hope in her own skills and that of her economic advisers. His swipe at <a href="https://www.editorji.com/business-news/trending-video-fm-sitharaman-offering-water-to-nsdl-md-goes-viral-1652079759575" target="_blank">Nirmala&nbsp;Sitharaman</a> came after she had on Tuesday retweeted images unveiled by NASA from its new powerful space telescope. "We are not surprised that the Finance Minister tweeted pictures of Jupiter, Pluto and Uranus on the day when Inflation printed at 7.01% and unemployment printed at 7.8%," Chidambaram tweeted. "After giving up hope in her own skills and the skills of her economic advisers, the FM has called the planets to the rescue of the economy," the former finance minister said. To begin with, she should appoint a new "CEA:<a href="https://www.editorji.com/business-news/economy/why-is-p-chidambaram-asking-fm-sitharaman-to-take-up-astrology-1657776179722" target="_blank"> Chief Economic Astrologer</a>", P Chidambaram added. The Congress on Wednesday had hit out at Sitharaman, saying she is more interested in Uranus and Pluto than in steering the country's economy towards recovery.

p chidamabaram

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