The Budget Has Failed to Create Stimulus for Job Generation: Cong

Indian polity today reacted to the Union Budget 2016, which has received mixed reactions overall.

Finance Minister Arun Jaitley presenting the Annual Budget 2016-17 in the Lok Sabha on Monday. (Photo: LSTV screengrab)

Terming the Union Budget as “visionary and progressive”, BJP on Monday said that it gives priority to farmers and weaker sections and will also lead to empowerment of the youth.

Former Finance Minister Yashwant Sinha, whose son Jayant Sinha is now Minister of State in the Finance Ministry, said it is good that the budget has focussed on real areas, noting that at the same time it also has many things for the corporates. He said the overall philosophy has to take something from the super-rich for the benefit of the poor, which is alright.

However the Congress criticised the Union Budget saying it has failed to create an “immediate stimulus” to address challenges of employment generation and agriculture sector.