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  4. Sitharaman 'concealed' agri-related figures in her budget speech, claims Yogendra Yadav

Sitharaman 'concealed' agri-related figures in her budget speech, claims Yogendra Yadav

Hours after Finance Minister Nirmala Sitharaman announced the Union Budget, Swaraj India President Yogendra Yadav accused her concealing the figures of actual allocation in her speech. He maintained that the Union Budget presented by the Finance Minister Shrimati Nirmala Sitharaman today represents the biggest onslaught on Indian agriculture and farmers witnessed in recent times and is nothing short of declaring war on them.

India TV Business Desk Reported by: India TV Business Desk
New Delhi Updated on: February 01, 2020 19:07 IST
Sitharaman 'concealed' agri-related figures in her budget speech, claims Yogendra Yadav
Image Source : INDIA TV

Swaraj India President Yogendra Yadav (third from right) addressing the media on Union Budget 2020 in Greater Noida on Saturday

Hours after Finance Minister Nirmala Sitharaman announced the Union Budget, Swaraj India President Yogendra Yadav accused her of concealing the figures of actual allocation in her speech. Yadav claimed that the Union Budget presented by the Finance Minister Shrimati Nirmala Sitharaman today represents the biggest onslaught on Indian agriculture and farmers witnessed in recent times and is nothing short of declaring war on them.  

Yadav said: "Her speech was full of platitudes for the farmers but she concealed the figures of actual allocation in her budget speech. The actual figures available from the budget documents indicate that the Government has launched a multi-pronged attack on Indian farmers and the agriculture sector."

While addressing a press conference, he informed journalists that the funds given to the Food Corporation of India for procurement and PDS operations have been slashed from Rs. 1,51,000 lakh crore to Rs. 75,000 crores.

This unprecedented cut is bound to hurt procurement operations and would leave the farmers at the mercy of private traders, said Yadav. This suspicion is strengthened when we see that the allocation for PM AASHA, MIS and PSS Schemes has also been reduced from Rs.1,500 crore to Rs. 500 crores and Rs. 3,000 crores to Rs. 2,000 crores respectively, he added.

Yadav went on to state that the second onslaught came via a drastic reduction in fertilizer subsidy from Rs. 79,996 crores to Rs. 70,139 crores. This comes in the wake of the increasing prices for fertilizers in the domestic and international markets, he said.

The "third onslaught" comes through a reduction in funds allocated for MNREGA, the primary source of sustenance for agricultural labour. he said. "Against the estimated expenditure of Rs. 71,000 crore for MNREGA in this financial year, the finance minister has allotted only Rs. 61,500 crore for the next financial year," Yadav complained.

"It should be kept in mind that experts have pointed out that the actual expenditure this year is likely to cross Rs. 75,000 crores and therefore the government would begin with a deficit of at least Rs.13,500 crores. This will lead to suppression of demand for work and throttle an important livelihood source of rural people," the psephologist-cum-politician noted.

Meanwhile, Avik Saha, National Convenor of Jai Kisan Andolan said: "All economists agree that the smartest thing for the government to do would be to put money in the hands of rural people as that has almost three times multiplier effect on the economy - yet the government has chosen to take away money from rural India. This is sabotage of the chances of rural India to escape the ongoing crippling income and employment crisis."

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