Telangana Rashtra Samithi president and Chief Minister K Chandrasekhar Rao seems to be the only chief minister in the country who has not reacted on the Union budget presented by Finance Minister Arun Jaitley on Wednesday.
Much to the surprise of the political pundits, KCR did not react either positively or negatively on the budget. Instead, he asked his officials on Thursday to make a deep study as to what had come to Telangana from the Central budget.
“KCR, who staunchly supported the NDA government’s demonetisation move, should explain what benefit accrued because of note ban,” former Union minister and senior Congress leader S Jaipal Reddy said on Thursday.
“KCR, who supported note exchange, should explain what benefit came along. He supported such a big step though it did not concern him. Since it miserably failed, he (Rao) should give an explanation. Have you (Rao) achieved anything in this Budget for Telangana? He should explain that also,” he said.
He said the Union Budget has disappointed all sections of society as it failed to provide relief following demonetisation.
“This is not a routine budget. Because of the circumstances and the backdrop to the Budget, disappointment and despair grew among people,” he told reporters here.
Prime Minister Narendra Modi made no mention of demonetisation in his comments on the Budget after its presentation. The economic situation in the country deteriorated due to the NDA government’s rule in the last two and half years, he claimed.
“Investments have come down. Consumption has declined. There are no new industries and jobs have come down. There is under-utilisation of installed capacity in industries. Our economic situation is very grim and note exchange came in the deteriorated economic situation,” he said.