Chennai: The Union Budget is a "divine gift" to farmers as it had waived Rs 60,000 crore of their outstanding loans, Tamil Nadu Chief Minister M Karunanidhi said on Friday.
Congratulating Finance Minister P Chidambaram for presenting a "please all budget", the Chief Minister in a statement noted that the budget had provided Rs 300 crore for a desalination plant in Chennai to meet the drinking water requirements of the city and Rs 70 crore for an integrated powerloom complex at Erode.
The allocation for education, health, agriculture, road and drinking water facilities had been substantially increased, Karunanidhi, whose DMK is part of the ruling United Progressive Alliance at the Centre, said.
The hike in the threshold limit of income tax would benefit the middle class and government employees, he added.
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