Budget “a national monetisation plan — short hand for National Sell out,” says Cong

Taking a dig at the Union Budget 2021, Congress leaders said that budget was a “national monetisation plan — short hand for National Sell out”.

“Forget putting cash in the hands of people, Modi Govt plans to handover India’s assets to his crony capitalist friends,” Congress former chief Rahul Gandhi tweeted.

Gandhi highlighted sectors that the government must focus on in their Budget, including the MSME sector. He also urged on the need to generate employment for the farmers and workers in the country and increase expenditure in the healthcare and defence sectors.

Congress leader Anand Sharma said that the “nation needed a bold budget and more direct transfers to the weaker sections to revive demand, restart job creation.”

“Extraordinary crisis called for a courageous response for revival of demand and job creation . Transfer of money to economically weaker sections and poor was a must . FM should have opted for part monetisation and part borrowing to fund deficit,” Sharma said.

He added: “The sale of profit making PSUs like LIC and GIC is against broader national interests. More needs to be done to recapitalize banks, facing serious NPA concerns. The economy is not in a V shaped but a K shaped recovery because many sectors continue to be under severe stress.”

Sharma said that the Finance minister could have been bold and extended help to the poor and the working class.

“She chose to be timid and continued with the government’s rhetoric,” he said.

Congress spokesperson Manish Tewari said that the budget was a “national monetisation plan — short hand for National Sell out” and there was “no central focus in Budget”.

Taking to Twitter, Congress leader alleged “FM’s Talkthorn oblivious that growth rate of GDP is in a record 37th month decline.Worst Crisis since 1991. Except for a National Monetisation Plan – short hand for National Sell out no Central Focus in Budget. Bottom line-Will not grow economy but sell the family silver.”

Senior Congress leader Shashi Tharoor tweeted: “This BJP government reminds me of the garage mechanic who told his client, ‘I couldn’t fix your brakes, so I made your horn louder’.”