BANGALORE: The former Chief Minister H.D. Kumaraswamy has described the budget, presented by Chief Minister B.S. Yeddyurappa on Friday, as an “election gimmick” aimed at providing “temporary” satisfaction to the people.
Speaking on the budget in the Legislative Assembly on Friday, Mr. Kumaraswamy, floor leader of the Janata Dal (S), termed the budget “politically motivated and anti-people” and said it had failed to strike a balance between urban and rural development. It was interesting to see how nationalised banks would respond the government’s proposal to grant crop loans at 3 per cent rate of interest. Allocations made in the 2008-09 budget for redressing regional imbalances remained only on the paper, he said and questioned the government’s commitment towards development of Hyderabad Karnataka region.