Team News Riveting
The Budget 2021 had cheered the market with Sensex logging biggest jump but there was another section with whom it did not go well.
Literally, the opposition parties, at least in the four election bound states of Tamil Nadu, Kerala, West Bengal, and Assam, are in a fix. For, the BJP is going to get political mileage from the Budget 2021.
Of the four states, BJP has a government in Assam while in West Bengal it is hopeful for victory given the massive surge in the popularity of the party in the last few years. In Tamil Nadu and Kerala, the party remains a distant player but increased its vote share to double-digit in Kerala during the last assembly election and in Tamil Nadu, it is negotiating a hard bargain with its newest ally AIADMK to create some room.
Finance Minister Nirmala Sitharaman in her budget speech announced massive infrastructure allocation for the poll-bound states. Experts said it would help the saffron party in the upcoming election. The prominent projects in the poll-bound states include 3,500 km of National Highway works in Tamil Nadu at an investment of `1.03 lakh crore. The construction work of the two corridors Madurai-Kollam corridor and Chittoor-Thatchur corridor would start next year.
For Kerala, 1,100 km of highway works attracting an investment of `65,000 crore including 600 km section of Mumbai-Kanyakumari corridor had been proposed in the Budget. A 675 km highway works in the state of West Bengal at a cost of`25,000 crore including upgradation of the existing Kolkata –Siliguri road had been proposed in the budget.
National Highway works of around 19,000 crore are currently in progress in the State of Assam. Further works of more than 34,000 crores were proposed in the Budget.
The latest proposals in the 2021 Union Budget are a major boost to the country’s infrastructure. But the opposition parties remain shattered.
