Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
RelevanceDefaultDate
    No Records Found
    ❯❯
    MaximizeMaximizeMaximize
    0 / 200
    Expand Note
    Add to Folder

    No Folders have been created

      +

      Are you sure you want to delete "My most important" ?

      NOTE:

      News
      Showing Results for :
      Reset Filters
      Results Found:
      AI TextQuick Glance by AIHeadnote
      Show All SummariesHide All Summaries
      No Records Found

      News

      Back

      All News

      Showing Results for :
      Reset Filters
      Showing
      Records
      ExpandCollapse
        No Records Found

        News

        Back

        All News

        whatsappJoin Channel
        Showing Results for : Reset Filters
        Case ID :

        Band-aid for bullet wounds: Cong slams Union Budget

        February 1, 2025

        📋
        Contents
        Note

        Note

        -

        Bookmark

        print

        Print

        Login to TaxTMI
        Verification Pending

        The Email Id has not been verified. Click on the link we have sent on

        Didn't receive the mail? Resend Mail

        Don't have an account? Register Here

        New Delhi, Feb 1 (PTI) The Congress Saturday said the Union Budget 2025-26 has nothing to address the "illnesses", which it claimed, the economy was suffering from, while Rahul Gandhi described the Budget as a "band-aid for bullet wounds".

        Asserting that the BJP-led Centre has "no new ideas", the Congress said Finance Minister Nirmala Sitharaman is walking on the "worn-out path" and not willing to break free as its governments had done in 1991 and 2004.

        The opposition party said the takeaway from the Union Budget 2025-26 is that the ruling BJP is wooing the tax-paying middle-class and the Bihar electorate.

        Addressing a press conference here along with his party colleague Gaurav Gogoi, senior Congress leader and former finance minister P Chidambaram said these announcements will be welcomed by the 3.2 crore tax-paying middle class and the 7.65 crore voters of Bihar.

        But for the rest of India, the finance minister had nothing more than soothing words, punctuated by the applause of Bharatiya Janata Party (BJP) members led by Prime Minister Narendra Modi, he said.

        The finance minister is "walking on the worn-out path and not willing to break free as we did in 1991 and 2004", the Congress leader added.

        "She is not willing to de-regulate. She is not willing to get out of the way of people, especially entrepreneurs and MSMEs and start-ups. It is the bureaucracy that will be happy with this budget. The government's stranglehold on the activities of people is getting tighter," the senior Congress leader said.

        He said the economy will trudge along on the old path and deliver no more than the usual 6 per cent or 6.5 per cent growth in 2025-26.

        "This is a far cry from the 8 per cent growth rate that the CEA estimated in order to become a developed country. In our view, this is a government with no new ideas and no will to reach beyond its grasp," Chidambaram added.

        Congress president Mallikarjun Kharge said the government was busy garnering praises for the Union Budget when the entire country was struggling with problems of inflation and unemployment. He asserted that the Budget was an attempt to "dupe" the people.

        He said the Budget is aptly described by the Hindi proverb 'Nau sau choohe khake billi hajj ko chali' (meaning to veil a lifetime of wrongdoing with a few token expressions of virtue later in life).

        Leader of Opposition in the Lok Sabha Rahul Gandhi also slammed the Union Budget as a "band-aid for bullet wounds," saying the Centre was "bankrupt of ideas". He said solving the economic crisis demanded a paradigm shift.

        "A band-aid for bullet wounds! Amid global uncertainty, solving our economic crisis demanded a paradigm shift," Gandhi said in a post on X.

        Later, at a poll rally, he claimed that the Union Budget for 2025-26 is designed to benefit only the country's richest people while providing little relief to common citizens.

        The Congress also accused the Narendra Modi government of appearing to offer "bonanza" to Bihar, governed by NDA ally Nitish Kumar, and "cruelly" ignoring Andhra Pradesh, another pillar of the same alliance.

        Congress general secretary in-charge communications Jairam Ramesh said, "The economy is suffering from four related crises -- stagnant real wages, lack of buoyancy in mass consumption, sluggish rates of private investment, complex and complicated GST system." "The Budget does nothing to address these illnesses. The only relief has been for income tax payers," he said on X.

        Highlighting the financial performance in 2024-25, Chidambaram said the revised revenue receipts are lower by Rs 41,240 crore and the revised net tax receipts by Rs 26,439 crore.

        "On the expenditure side, total expenditure has been cut by Rs 1,04,025 crore and capital expenditure by Rs 92,682 crore. Of this cut, the sectors that have suffered the most, and the amounts cut, are -- health: Rs 1,255 crore, education: Rs 11,584 crore, social welfare: Rs 10,019 crore, agriculture: Rs 10,992 crore, rural development: Rs 75,133 crore, urban development: Rs 18,907 crore, development of the northeast: Rs 1,894 crore," Chidambaram said.

        He said the cruellest cuts were in the allocations for the Scheduled Castes (SCs), Scheduled Tribes (STs), Other Backward Classes (OBC) and minorities. He cited the examples of the Pradhan Mantri Anusuchit Jaati Abhyuday Yojana, Prime Minister Young Achievers Scholarship for OBC, EBC, DNTs, Post Matric Scholarship for SCs and Programme for Development of STs.

        He urged people to look at the Budget Estimates and Revised Estimates for 2024-25 and the proposed Budget Estimates for 2025-26 for certain schemes.

        "The government has lost faith in these programmes announced with fanfare in the previous budget speeches. The government's capacity has significantly diminished. Examples are POSHAN, Jal Jeevan Mission, NSAP, PMGSY, Crop Insurance Scheme, Urea Subsidy and Pradhan Mantri Garib Kalyan Anna Yojana," Chidambaram said.

        He claimed that the railways has been shortchanged.

        "If you examine the railways' specific heads of expenditure, you will find that the BE 2024-25 was Rs 2,06,961 crore while the RE 2024-25 is Rs 2,12,786 crore, and the BE 2025-26 is Rs 2,13,552 crore.

        "The railways serves the overwhelming majority of the population. The increase of a paltry Rs 766 crore in 2025-26 will not even account for the inflation. The allocation will be less than last year's allocation," he said. PTI ASK ASK NSD NSD

        Budget criticism: labelled politically targeted and economically inadequate, prioritising middle-class relief over broad structural reforms. Congress criticised the Union Budget 2025-26 as politically targeted and substantively inadequate, offering relief mainly to taxpaying middle-class voters and select electorates while failing to address four interlinked economic problems: stagnant real wages, weak mass consumption, sluggish private investment, and a complex GST. The party highlighted lower revised revenue and net tax receipts, significant cuts to total and capital expenditure across health, education, social welfare, agriculture, rural and urban development, and minimal real-terms increase for railways, and accused the government of favouring certain states electorally.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Budget criticism: labelled politically targeted and economically inadequate, prioritising middle-class relief over broad structural reforms.

                                Congress criticised the Union Budget 2025-26 as politically targeted and substantively inadequate, offering relief mainly to taxpaying middle-class voters and select electorates while failing to address four interlinked economic problems: stagnant real wages, weak mass consumption, sluggish private investment, and a complex GST. The party highlighted lower revised revenue and net tax receipts, significant cuts to total and capital expenditure across health, education, social welfare, agriculture, rural and urban development, and minimal real-terms increase for railways, and accused the government of favouring certain states electorally.





                                Note: It is a system-generated summary and is for quick reference only.

                                Topics

                                ActsIncome Tax
                                No Records Found