Budget will increase inflation, unemployment: Kerala CM

| | Thiruvananthapuram
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Budget will increase inflation, unemployment: Kerala CM

Sunday, 02 February 2020 | PTI | Thiruvananthapuram

Kerala Chief Minister Pinarayi Vijayan on Saturday slammed the Union Budget, saying that it would neither help strengthen the economy nor ensure social security or development, but only further increase inflation and unemployment in the country.

All the legitimate needs of the southern state were completely ignored in the budget,presented by Finance Minister Nirmala Sitharaman, though Kerala had submitted a detailed memorandum on its long pending demands, Vijayan said.

Kerala had put forward a slew of demands, including the Angamali-Sabari railway line, raising rubber subsidy, granting of AIIMS, accelerating the development of national highways, increasing the number of attaches in embassies in the Gulf countries, rehabilitation of expatriates and so on, he said in a statement.

It was only last month that Kerala had been denied deserved natural disaster relief though it was one of the worst flood hit states in recent times, the Left veteran said.

In the case of Kerala, the same "political mindset" was reflected in the budget also, he said.

The budget, which comprises proposals to sell more Public Sector Undertakings, has not provided enough funds for the survival of PSUs like the Cochin Shipyard and Kochi refinery in the state, Vijayan said.

The Centre, which is constantly denying states their rightful share in the matter of GST, was now trying to 'grab' their rights in agriculture and land sectors, going against the federal principles, he alleged.

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