India budget: Tax giveaways and handouts for states led by Modi’s coalition partners
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Narendra Modi has been accused of using India’s 2024 federal budget to appease his most important coalition partners, as his finance minister Nirmala Sitharaman presented a package on Tuesday that included extensive tax giveaways for lower wage earners. And perhaps the headline announcements of Ms Sitharaman’s speech to the Lok Sabha, the lower house, were offers of major new central funding to the states of Andhra Pradesh and Bihar, both governed by regional parties that are also Mr Modi’s most influential coalition partners. One, dubbed “Scheme A”, will provide a direct benefit transfer of a month’s wages up to Rs15,000 for each new employee registered with the Employees Provident Fund Organisation, which the government said would likely benefit about 21 million people. And Mallikarjun Kharge, the Congress party president, said it was “not a budget for the ‘progress of the country’, it is a ‘save Modi government’ budget!” He claimed that “there is nothing concrete” in the budget to address the needs of young workers, farmers, marginalised classes, minorities or the rural poor.