Taking from poor to feed the rich: Left

NEW DELHI: Expectedly, the Left slammed the Union Budget describing it as ``regressive’’ for its failure to address inflation. CPM leader Sitaram Yechury said the budget was going to increase the financial burden on aam aadmi. Yechury said that the government was taking away from the poor to subsidize the rich, and the concessions given to the corporate sector would go beyond fiscal deficit.
“There is a relief of Rs 4,500 crore in direct taxes, but there is a burden of Rs 45,000 crore in indirect taxes. This will result in increase in prices and will further burden common people,” he said.
Yechury said that instead of creating an inclusive pattern of growth, in the name of fiscal consolidation, people are being burdened.
``The Budget is purposeless and directionless,’’ said CPI leader Gurudas Dasgupta. CPM’s Brinda Karat dubbed it as anti-farmer.
Budget 2012
Budget News 2012