People's Democracy(Weekly Organ of the Communist Party of India (Marxist)
March 12, 2006
On Union Budget
Democratic Youth Federation of India (DYFI) has issued the following statement
on Union Budget 2006-07.
Union Budget 2006-07 has failed to address the real problems of the Indian youth
and the masses in general. The Finance Minister is much vocal about the
continuous growth of the economy around 8%. But the Central problems of the
economy agrarian crisis and unemployment have not been adequately addressing in
Economic Survey 2005-06 clearly stated about the dismal picture of employment
and unemployment in the country.
on a daily basis has risen, says the survey. From 1993-94 to 2004 unemployment
rate for males increased from 5.6 percent to 9 percent in rural areas and has
6.7 percent to 8.1 in urban areas. Similarly unemployment rate for females
increased from 5.6 percent in 1993-94 to 9.3 percent is 2004, in rural areas and
from 10.5 percent to 11.7 percent is urban areas.
Union budget is not speaking on the question of the generation of quality
employment in the country. Instead of giving any clear proposal, the budget
speech simply gives some statements about the areas which would generate
employment like textile, tourism etc.
NCMP committed to introduce Employment Guarantee Scheme is not provided with
enough budgetary allocation, which is now only 25% of the expected estimate. The
reduction is customs duties on a wide range of goods will hurt small producers
and cause joblosses for workers.
the area of education is also not considered seriously. The promise of the UPA
Government to increase spending on education to 6% of GDP is not fulfilled and
the budget estimate is far below.
Central Executive Committee of DYFI has registered its strong protest against
the negative attitude of the UP Government towards the genuine problems of the
younger generation of the country.