Market Update: Union Budget 2026 political reactions LIVE: Congress terms reduction for the Jal Jeevan Mission 'cruel' – Full Analysis

Market Update: We break down the business implications, market impact, and expert insights related to Market Update: Union Budget 2026 political reactions LIVE: Congress terms reduction for the Jal Jeevan Mission ‘cruel’ – Full Analysis.

Maharashtra left empty-handed despite being major driver of GDP: Cong’s Wadettiwar

The Union Budget has once again dealt a blow to Maharashtra and left farmers, workers and the middle class deeply disappointed, senior Congress leader Vijay Wadettiwar said on Sunday (February 1, 2026).

Addressing reporters in Nagpur, Mr. Wadettiwar alleged Maharashtra has been “left empty-handed” by the Centre despite being the largest contributor to the national exchequer and a major driver of India’s GDP.

“The Centre collects taxes from Maharashtra but diverts funds to other states. This is nothing but injustice to the state,” the Maharashtra Congress Legislature Party leader claimed.

Criticising the Budget’s approach towards agriculture, Mr. Wadettiwar said farmers have been “left in the lurch” as there is no concrete provision for crop prices, storage facilities, cold chains or new markets.

“Despite rising fertiliser prices, increasing input costs and the unresolved issue of minimum support price, the Budget offers only announcements without any tangible benefit for farmers. There is no focus on strengthening agricultural infrastructure,” he said.

Mr. Wadettiwar also questioned the government’s commitment to technology-led growth, pointing out that while funds were announced for artificial intelligence at the Centre, even the previously announced Rs 500 crore allocation for AI in Maharashtra remained unutilised.

“This budget is designed to benefit a handful of industrialists, while the country’s food providers are once again ignored. The Budget has failed to to address rising economic inequality and lacks concrete provisions for the empowerment of SC, ST, OBC and EWS communities,” he said.

“Young people are struggling for jobs, but the government has no clear roadmap for employment generation. Inflation remains unchecked, and the middle class is burdened with higher taxes without any corresponding increase in income,” Mr. Wadettiwar said. — PTI