Budget 2024: The recently presented Union Budget has sparked widespread disappointment across the country, with significant criticism coming from various sectors. However, there are two notable exceptions: Bihar’s Chief Minister Nitish Kumar and Andhra Pradesh’s Chief Minister Chandrababu Naidu.
Budget Distribution Sparks Controversy
The criticism centers around the perceived favoritism shown towards Bihar and Andhra Pradesh, states where the BJP did not secure significant electoral wins. Despite contributing minimally to the BJP’s seat count, these states have received substantial allocations in the new budget. Conversely, states that provided the BJP with the most seats have seen minimal benefits from this budget, leading to frustration and discontent.
Delhi’s Contribution Overlooked
Delhi, which contributes the highest to the central tax revenue, has been notably overlooked in terms of allocations. This has further fueled the perception of an imbalanced and politically motivated budget distribution.
Economic Concerns
Economic reports indicate a concerning trend where income levels are not rising in proportion to the increasing cost of living. Critics argue that the budget fails to address these economic challenges effectively.
Impact on Investors
The government’s approach has also come under fire for its adverse impact on investors. Analysts claim that the current policies have crippled domestic investors, hampering economic growth and innovation.
Universal Discontent
This budget has managed to alienate various segments of society. From investors and taxpayers to regional leaders and general citizens, the discontent is widespread and palpable.
The Union Budget has become a lightning rod for criticism, with many questioning its priorities and fairness. While Bihar and Andhra Pradesh have emerged as clear beneficiaries, the rest of the country remains dissatisfied, highlighting the need for a more balanced and inclusive economic approach.
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