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- Stock Market Suffers Another Major Decline: Sensex Plunges 1,342 Points, Investors Lose ?3 Lakh Crore
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Modi government has now run out of new ideas – Mallikarjun Kharge on the Budget
Kharge said,”This budget, instead of providing solutions to India's serious economic, social, and political challenges, raises even more questions”.
“There is nothing in it for the poor. No solution has been given to control inflation, nor any positive suggestion, nor any concrete step”,he said.
The Economic Survey has stated that trade uncertainty is a major challenge for India, but this problem has been almost completely ignored in the budget. Similarly, there is no plan to deal with the falling value of the rupee.
The Finance Commission's recommendations require further study, but they do not appear to provide any relief to state governments grappling with serious financial crises,he said.
Kharge alleged that the inequality has now increased beyond even the levels during the British Raj, but there is not even a mention of it in the budget. Nor has any provision been made for assistance to Scheduled Castes, Scheduled Tribes, Other Backward Classes, Economically Weaker Sections, or minorities,he added.
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