CPI activists burn effigy of the UPA government

Communist Party of India State secretary K Narayana along with CPI activists burnt the effigy of the Congress-led UPA government in protest against ‘pro-rich' and ‘anti-people' budget.

Union Finance Minister Pranab Mukherjee ditched the ‘Aam Adhmi' by imposing a heavy dose of tax burden, both direct and indirect, the CPI leader said while leading the protest.

A day ahead of the budget, the government had hit hard the working class as also the middle class by slashing the interest rate on provident fund deposits by 1.25 per cent to 8.25 per cent, Mr Narayana said.

Even an additional half per cent additional tax on the corporate sector could have been imposed and some relief could have been provided by the Centre to the common people reeling under the impact of price rise, he felt.

The credit target of Rs. 5,75,000 crore to farmers was inadequate when the requirement by ryots was more than Rs. 10,00,000 crore, said CPI-led Andhra Pradesh Rythu Sangam State general secretary R Venkaiah. An assistance of Rs. 100 crore to the Acharya N G Ranga Agricultural University was not even enough to meet its infrastructure needs leave alone pursuing research and transfer technology from lab to land, he said.