Gadwal: CPM District Secretary A. Venkataswamy has criticized the recent central government budget, claiming it favors corporate interests at the expense of the poor. During a protest at YSR Square, Venkataswamy highlighted several concerns.
Venkataswamy questioned the reduction of corporate taxes from 30% to 22%, and he pointed out the lack of inheritance tax proposals for the wealthy. He feels this benefits the rich more than the average citizen.
He also noted the discrepancy between the 14.5% revenue returns and the 5.91% revenue expenditure. Venkataswamy implied that this shows a mismanagement of the funds collected by the government.
The CPM District Secretary criticized the budget for not including plans for new public sector institutions or job creation initiatives. This is despite 30 lakh vacancies in central government sector organizations.
Venkataswamy expressed concern that the budget omits Telangana, even though the state has two central ministers. He criticized the lack of funding for promised projects like the Palamuru Ranga Reddy Upliftment Scheme and various railway and educational projects.
He also accused the central government of being biased against South India, despite its significant contribution to the GDP.
Venkataswamy called on the public to oppose the budget, which he claims benefits corporates and burdens the poor. Leaders Shiva, Parasuram, Ashok, Anji, Mallayya, Naresh, Raghavendra, Govindu, Ramu, and others participated in the protest.
