Mamata shocked at union budget proposals

Ankur Bhattacharya ; Kolkata, 1 February : West Bengal Chief minister Mamata Banerjee has  expressed her shock and dismay at  today’s Union budget proposals for 2020-21 and felt that ‘it’s the end of a sense of security and also the end of an era’.

Strongly reacting against the union budget after union Finance minister Nirmala Sitaraman placed the same in Parliament,the Chief minister in her twitter handle said ‘I am shocked and appalled to see how the Central Government plans to ambush the heritage and legacy of public institutions. It’s the end of a sense of security. Is it also the end of an era ?

According to  the political pundits here, her reaction to the budget was so severe primarily because of the government proposals to disinvest its share from LIC,one of the largest public sector entity, through IPO after a similar move was made for the Bharat Sanchar Nigam Limited (BSNL), another public sector unit where  many employees are likely to loose jobs.

Following the line of the Chief minister Trinamool Congress leader in the Lok Sabha  Derek O Brien MP, in a similar tweet today said ‘ Read the fine print on the so-called IT cuts.Govt removes incentives to ‘save’ in a nation where there is no social security.70/100 tax exemptions withdrawn. Exemptions were given as incentive to save money in PPF, LIC, Health insurance etc’.

Similar views were also expressed by state Education minister and TMC  spokesman Partha Chatterjee.