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AIADMK hails budget, DMK says bitter pill for middle class
Tamil Nadu

AIADMK hails budget, DMK says bitter pill for middle class

Agency News

Chennai, July 5 : The Union Budget presented by Finance Minister Nirmala Sitharaman evoked mixed reactions in Tamil Nadu, with the ruling AIADMK terming it as growth-oriented and the Opposition DMK saying it as a bitter pill for the poor and middle class and sweety for Corporates.

Chief Minister Edappadi K Palaniswami, who is also the joint coordinator of the AIADMK, in a statement here termed it as a long term vision budget that would fuel growth in all departments and welcomed it. He also thanked Ms Nirmala Sitharaman for making Tamil language proud by quoting a poem from epic 'PuraNanooru' in her budget speech.  He said the Centre should allot more funds for the state, which has a high road denisty, under the BharatMala programme and expedite clearance for the second phase of the Chennai Metro Rail Project and accord sanction for new Metro projects in Coimbatore and Madurai, besides upgradation of the Chennai Suburban train services.

Apart from seeking allocation of funds for the inter-linking of Godavari-Cauvery-Vaigai rivers, the Chief Minister urged the Centre to seek the state's concurrence before deciding on privatising

PSUs and ascertain the contributions made by the PSU in development of social economy in the respective states.'

Mr Palaniswami also welcomed the announcement to strengthen the Women Self Help Groups.

Meanwhile, in a statement here, DMK President M K Stalin said the budget did not reflect the principles of federalism and the sentiments and expectations of the State. ''It's a feast for the ear and not for views'', he added. He said there was no new schemes for Tamil Nadu in the budget and no financial allocation was announced. There was also no announcement of inter-linking of rivers and no mention about the Rs 1,000 crore package sought by the state government to meet the drinking water crisis.

Reducing the tax for Corporates and extending the tax concessions to companies having Rs 250 crore turnover to Rs 400 crore, instead of raising the Income-Tax limit for individual salaried class, were aimed at benefiting the affluent sections and not the poor and the middle class. Mr Stalin said the new ten per cent customs duty levied on newsprint import was aimed at stifling the print media and curbing the freedom of expression. "It is an attempt to destroy the media and weaken one of the four pillars of democracy", he added. (UNI)