Budget 2021: Rahul Gandhi says Centre planning to handover national assets to few ‘crony capitalists’

By: |
February 1, 2021 3:21 PM

India Union Budget 2021: Earlier, the Congress party had also suggested ten policy prescriptions to revive the economy. One of the prescriptions was to make direct cash transfers to 20-30 percent of the families at the bottom of the economy at least for a period of six months.

Former Congress chief Rahul Gandhi

Union Budget 2021-22: Former Congress president Rahul Gandhi has targeted the Modi government over Finance Minister Nirmala Sitharaman’s budget proposal to divest some of the national assets under the monetisation plan. In a tweet, he said: “Forget putting cash in the hands of people, Modi Govt plans to handover India’s assets to his crony capitalist friends.” Ahead of the budget presentation, he had listed three sectors where he wanted the government to ramp up expenditure.

Earlier, the Congress party had also suggested ten policy prescriptions to revive the economy. One of the prescriptions was to make direct cash transfers to 20-30 percent of the families at the bottom of the economy at least for a period of six months. However, in today’s budget speech, there was no mention of direct cash transfer to the poor.

Sitharaman, on the other hand, introduced a monetisation pipeline under which some of the national assets would be privatised. She said railways will monetise dedicated freight corridor assets for operations and maintenance, and some airports will be monetised for operations and management concession.

Some other infrastructure assets which will be divested include: AAI Airports in Tier II and III cities; Railway Infrastructure Assets; Oil and Gas Pipelines of GAIL, IOCL and HPCL; Transmission Assets of PGCIL; NHAI Operational Toll Roads; Warehousing Assets of CPSEs such as Central Warehousing Corporation and NAFED among others and Sports Stadiums.

Do you know What is Finance Bill, Short Term Capital Gains Tax, Fiscal Policy in India, Section 80C of Income Tax Act 1961, Expenditure Budget? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Uttar Pradesh Budget 2021: Thrust on healthcare and infra, FY22 deficit seen at 4.2%
2Bihar Budget 2021: State govt presents Rs 2.18 lakh crore budget, no new tax imposed
3Budget 2021: Govt is facilitator, private sector driver of growth, says FM Nirmala Sitharaman