Union Budget undermines spirit of Constitution: Minister Sridhar Babu

Industries Minister D Sridhar Babu criticised the Union Budget, calling it unconstitutional and against the principle of cooperative federalism. He expressed disappointment that Telangana, which contributes over 5 percent to India’s GDP, was not mentioned in the Budget speech.

Hyderabad: Industries Minister D Sridhar Babu said the Union budget ran contrary to the spirit of the Constitution and undermines the principle of cooperative federalism.

In a statement, the Minister expressed disappointment that Telangana was not mentioned even once in the Budget speech, despite contributing over 5 percent to the country’s Gross Domestic Product, according to official estimates.

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He pointed out that the Centre had projected grants of Rs 22,782 crore to Telangana for the current financial year. However, the State had received only about Rs 4,000 crore even after ten months, which was less than 20 percent of the amount due, the Minister said, adding that this was fiscal suppression.