Political parties opposing the ruling National Democratic Alliance are stepping up their campaign against the government's decision to present the Union Budget on February 1, 2017.
Sitaram Yechury, the general secretary of the Communist Party of India (Marxist) has voiced concern on the budget and the accompanying economic survey not presenting an accurate picture of the economy's performance during financial year 2016-17.
“This is bound to present a wrong and misleading picture of India's GDP growth rate which is bound to be revised downwards heavily later on,” wrote Yechury in a Facebook post. “ The survey will cover only half of the preceding year,” he added, ascribing political motivations to Bharatiya Janata Party led government's decision to move the finance minister's annual presentation of the budget to February 1, from the customary last working day of the same month.
Yechury added that advancing the date for presentation will hamper the budget-making process.
Budget-making is a serious exercise which should be done based on maximum possible available data. This will not be possible by advancing it to January, and is bound to lead to “looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies”.
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Here's the full text of Yechury's Facebook post:
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