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Budget 2016: FM Arun Jaitley has claimed the NDA government will double the income of farmers in the next 5 years, but former PM Manmohan SIngh, who is an economist, says it is an 'impossible idea', on Monday. On Sunday, PM Narendra Modi had made the same claim to farmers. (Reuters)
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Budget 2016: Manmohan Singh also termed the general budget for 2016-17 presented by Finance Minister Arun Jaitley as one with "no big idea". "It is a nit-picking budget. There is no big idea except one that was mentioned yesterday (Sunday) by the prime minister himself, that the government plans to double the farmers' income in the next five years. (Reuters)
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"I think it is an impossible dream and there is no inclination, no way of telling the country how it will be achieved because it implies a 14 percent annual increase in the farm income in each of the five years," Singh said in his reaction to the presentation of Budget 2016. (Reuters)
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He said he was "glad" that finance minister Arun Jaitley had stood by the fiscal targets outlined by him last year, "but they have to reconcile with the expenditure statements that he has made and it is far from clear whether they are consistent with the path of consolidation outlined by him". Jaitley presented the general budget for 2016-17 in parliament on Monday. (Reuters)
