New Delhi, March 24 (NationPress) A Member of Parliament from the Aam Aadmi Party (AAP), Malvinder Singh Kang, expressed his disapproval of the Union Government during the discussion on the Finance Bill 2026 in the Lok Sabha on Tuesday. He asserted that the government’s assertions regarding economic resilience and reforms over the past decade are entirely out of touch with the real circumstances on the ground.

Kang pointed out that despite the Finance Minister's grand declarations about economic development, the actual condition of the nation's economy is highly alarming.

“Over the past decade, inflation has soared to one of the highest levels in the history of our nation, and the Indian Rupee has significantly depreciated, exceeding a worrisome 90 against the US dollar. The same leaders who once promised petrol prices at Rs 60 have now allowed them to rise beyond Rs 100, with diesel prices also surging,” he remarked.

Focusing on the struggles faced by farmers, Kang noted that the commitment to double farmers’ income has been utterly unfulfilled. “Instead of their income doubling, the costs of inputs have either doubled or tripled. The expenses for pesticides and fertilizers have skyrocketed, pushing farmers into deeper turmoil,” he stated.

He emphasized the stark difference between the government's macroeconomic narratives and the reality of individual prosperity. “We are informed that India ranks among the top five economies globally, yet our per capita income ranking has dropped to 142. Poverty is on the rise, and inequality continues to expand,” Kang highlighted.

Addressing the issue of corporate favoritism, Kang claimed that loans exceeding Rs 16 lakh crore owed by large corporations have been written off as NPAs, while farmers struggle to secure even minimum support price (MSP) assurances. “This clearly indicates whom the government favors,” he commented.

Kang also criticized the Agniveer scheme, labeling it detrimental to the nation’s youth. “Young individuals who aspired to serve in the armed forces now face uncertainty about their futures. This policy has driven many towards disillusionment and criminal activities,” he noted, emphasizing the distressing trend in areas like Haryana where unemployed youth are heading down a concerning path.

Regarding international trade, Kang expressed apprehensions about the ongoing India-US trade discussions and their possible repercussions for Indian farmers.

“This agreement poses a direct threat to the livelihoods of our farmers, particularly those engaged in dairy, apple cultivation in Himachal Pradesh and Jammu and Kashmir, and maize production. Instead of bolstering our agricultural base, the government is exposing farmers to unfair global competition,” he cautioned.

The AAP MP also raised concerns about cross-border trade through Punjab. “Trade worth thousands of crores continues through Mumbai-Karachi routes, benefiting large corporations, while the Amritsar-Lahore (Wagah border) route remains closed. If it were to reopen, it could significantly improve the economic conditions for farmers across Punjab, Himachal Pradesh, Jammu and Kashmir, western Uttar Pradesh, Rajasthan, and Haryana,” Kang said.

“The reason for its closure is evident—it would empower ordinary farmers rather than large corporate entities,” he added.