TRS MP from Nizamabad Kavita has stated that budget presented by the Finance Minister Arun Jaitley is a tailor made budget for corporate companies and the rich business houses.

Taking part in the budget discussion in Loksabha yesterday she said “The poor and middle class people are not in the budget frame. They were completely ignored by the NDA government, whereas they have pinned all their hopes on this budget. NDA government’s tall claims about increasing 10 per cent tax share to the states is also can’t be justified, because it is giving money to the states with one hand and taking more than what it gives with the other hand."

"Earlier, when it was 32 per cent share, states used to get Rs. 3, 82, 216 crores under plan transfer. Now the states will get Rs. 5, 23, 958 crores with 10 per cent increase in the tax share. But, the central government proportionately reduced the funds allocations to several welfare schemes and the states have to carry that additional burden. We have estimated there would around Rs.777 crores loss due to our state with its idea.”

Kavita also appeals the central government to set up one of its five ultra-mega power projects proposed in the budget to the Telangana state which is facing severe power crisis. She appeals the government to extend the industrial tax subsidies from present five years to ten years and to IT and related industries also. She suggested the central government not to sell its shares from the public limited companies, especially from the profit earning companies to reduce its revenue deficit.