Congress MP Manish Tewari's Critique on the Union Budget Process

In a recent statement, Congress MP Manish Tewari expressed his dissatisfaction with the current Union budget process, labeling it as a 'useless ritual'. He compared the annual budget presentation to the President's address, suggesting both have become mere formalities without substantial impact.

Proposal for Simplification

Tewari proposed a more straightforward approach to the budget process, advocating for the government to simply submit its income and expenditure statement to Parliament. He believes this method would eliminate unnecessary pomp and focus on the essential financial details.

Concerns Over Economic Disparities

Adding to the conversation, Congress MP Manickam Tagore highlighted the growing economic disparities in India. He pointed out the increasing wealth gap, with the super-rich accumulating more wealth while the middle class struggles. Tagore urged the government to revise its policies to address these pressing issues.

Economic Survey Projections

Amidst these criticisms, the Economic Survey presented in Parliament projected India's economic growth to be between 6.3 per cent and 6.8 per cent for the financial year 2025-26, indicating a potentially optimistic outlook for the country's economy.