New Delhi: The opposition is criticizing the general budget presented by Finance Minister Nirmala Sitharaman yesterday but now the Swadeshi Jagran Manch, the frontal organisation of RSS, which is closely associated with the government, questioned some decisions of the Union Budget presented in Parliament on Monday. Swadeshi Jagran Manch has raised concerns about the government’s disinvestment proposals in respect of government-owned enterprises and increasing foreign direct investment in the insurance sector.
According to the newspaper The Hindu, the convenor of Swadeshi Jagran Manch, Ashwani Mahajan said that “the government by taking free food and other necessary steps for the survival of the people and the survival of those who are facing loss of their jobs or income appreciate the steps taken to save. The economy is on track in both rural and urban areas. ”Mahajan also praised the government for the allocation of more funds for infrastructure, and efforts to revive the industry. .
Mahajan said, “The announcement of disinvestment of Bharat Petroleum and Chemicals Limited (BPCL), Air India, Shipping Corporation of India, Pawan Hans, Bharat Earth Movers Limited (BEML) etc. is a cause for concern. Strategic disinvestment of enterprises created with taxpayer money is not right. Mahajan said selling through the equity route would be a “better and more transparent option”.
He further said that raising the FDI limit in the insurance sector from the current 49% to 74% is also worrying as increasing foreign dominance in the financial sector is not a prudent step. This increases foreign dominance over the financial resources of the country and affects the development of the country.
