"This budget is practically a no budget. This is a farewell budget of a government which has lost on all counts. Not to highlight their (government) failures, he (Finance Minister P Chidambaram) is hiding behind the figures of percentage of world economies," BJP spokesperson Prakash Javadekar said.

Interim Budget 2014-15

Speaking to reporters outside Parliament after presentation of the Interim Budget 2014-15 by Finance Minister P Chidambaram, the BJP leader said the comparison with other economies like USA was not relevant as they were much bigger.

"What Indian people are suffering due to inflation and corruption...They have no answer for that. Government has nothing to offer and, therefore, it is a failed budget,” he added.

Rubbishing the last budget of the UPA government, Bahujan Samaj Party (BSP) supremo Mayawati said the Interim Budget has nothing new in it and has only listed the UPA government's achievements in the last 10 years.

“Though they have tried to make it an election budget, it is not going to benefit them,” Mayawati said.

The former Uttar Pradesh chief minister said the middle class will not get any benefit from the Interim Budget.

Communist Party of India (CPI) leader D Raja was also critical of the Interim Budget.

“We should not read too much into the Interim Budget. Just before the elections they have to justify certain things and they have to blow up certain things,” Raja said.

“Government is slashing subsidy on food and fertilizers. The economy is in deep crisis and it is going to be challenging for any government that will come after the next election,” he added.

Maintaining that Chidambaram is not leaving behind a strong economy, Raja said, “He made some attempts for electoral appeal at the end of his speech but people are wise enough to understand the economic situation and cannot be hoodwinked by rhetoric at the far end of the government.”

(Agencies)

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