Budget puts agrarian economy in peril – Sukhbir S Badal

Sukhbir Singh Badal
Shiromani Akali Dal (SAD) president Sukhbir Singh Badal today expressed shock at the massive contamination of river waters of the State due to unchecked

Says budget failed to provide legal guarantee on MSP, did not waive off agri loans nor earmarked funds to make diversification a reality

Chandigarh, 1 February 2025

Senior Shiromani Akali Dal (SAD) leader Sukhbir Singh Badal today said it was unfortunate that the union budget 2025 did not go in for inclusive development of the nation and concentrated on poll bound States even as he asserted the agricultural economy had been put in peril by ignoring all the demands of farmers including providing a legal guarantee on MSP and waiving off farmer loans.

Giving his reaction to the budget, Mr Sukhbir Badal said “it is unfortunate that the focus was on Bihar and Assam which go to the polls this year even as an important State like Punjab has been completely ignored”. He said it was unfortunate that the government had failed to earmark funds for ensuring Minimum Support Price (MSP) on all crops as per the assurance given by Prime Minister Narendra Modi four years back. He said similarly no funds were earmarked for a comprehensive farm loan waiver which was needed across the country keeping in mind the distress in the agriculture sector. Mr Badal said no attempt was even made to rework the PM Fasal Bima Yogna and earmark more funds for it so that farmers could derive benefit from the scheme.

The SAD leader said Punjabis were also looking forward to allocation of funds to make diversification a reality by incentivizing farmers for giving up paddy cultivation. “Sadly the government failed to do this”. He said it was also unfortunate that no infrastructure or rail project had been earmarked for Punjab or any major institution. “Punjab is in need of funds to revamp its canal irrigation system but these have also been denied to the State. The State has also been denied a special package for industry in the border zone even as there is no assurance on reopening of trade with Pakistan from the Wagha- Attari border.

Mr Badal said the union budget had also failed to simplify GST collection. He said the trade and industry has been calling for simplifying and rationalizing the GST collection but this demand was also ignored. He said it was also unfortunate that cuts had been imposed on the budgets of key sectors like education, transport and rural development even as nothing was done to tackle rising unemployment by creating job opportunities for the youth. EOM

 

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