Union Budget is no help for Telangana : Uttam

MLA-Uttam-Kumar-ReddyTPCC President Uttam Kumar Reddy terms Finance Minister Arun Jaitley’s union Budget as anti-people’ and ‘anti-farmer’.

He said, Due to Demonetization, various sectors including the farmers have suffered , but there is no mention of compensation in the budget. The state telangana has suffered losses due to Demonetization but the FM has not even mentioned anything in this regard.

Fixing of Agricultural Credit in 2017-18 at Rs.10 lakh Crore is an eyewash and does not help Telangana farmers as 7500 crores were disbursed. No mention about Minimum Support Price for farmers or assured any effective procurement of agricultural products.

While the Railway Budget is disastrous as Lot of Railway projects in Telangana have been pending for the last three years and there is no mention in the Union budget. He said, Individual income tax rates is just an eye-wash.