To sum up, this budget not only ignores but also imposes further burdens on the people in the wake of demonetisation and widespread deflationary conditions.
In the backdrop of global economic slowdown the budget should have increased measures that enhance domestic demand. Instead it chose to continue with the same regressive policies that are contractionary.
The budget essentially fails to chart a trajectory to increase growth and investment, create employment and check inflation that was needed in the current scenario. It is a budget relying more on privatisation and foreign investment and short on innovative ideas to increase revenue. The budget is grossly regressive and anti-people and would increase the burden on the common people.
The drama of the resignation of Dinesh Trivedi as Railway Minister after the presentation of the Railway Budget reflects badly on the Trinamul Congress and the functioning of the UPA government. What is of least concern for the TMC leader, who was herself the railway minister ten months ago, is the perilous state of the railways which is in a financial mess and where safety aspects are being neglected.