People will reject budget, says Chidambaram

Senior Congress leader and former finance minister P. Chidambaram has said that the 'budget speech of Nirmala Sitharaman was the "most capitalist speech ever" and the Finance Minister "has mastered the jargon of capitalist economics". Talking to reportes in New Delhi on Tuesday,he said that there was not a word about reviving MSMEs (Small and Medium Industries) or on cutting indirect taxes... not a word on cash assistance to poor," This budget will be rejected by the people. "There are worrying macro-economic indicators... every key subsidy has been slashed... people will reject this capitalist budget," he added.  Chidambaram also tweeted a statement to explain his strong reservations about the budget.

My opening statement on the Budget 2022 pic.twitter.com/tRdgvW7iLa

— P. Chidambaram (@PChidambaram_IN) February 1, 2022

"I was astonished that the Finance Minister was outlining a plan for the next 25 years, which she called the Amrit Kaal, The government seems to believe that the present does not need any attention and the people living in the present can be asked to wait patiently until the Amrit Kaal dawns. This is nothing but mocking the people of India, especially the poor and the deprived," he added.