Thursday, June 13, 2013

On Union Budget 2013-14


 Following is my brief comment on the Union Budget 2013-14 that The Hindu carried in its Letters to the Editor column on Friday, March 01, 2013

Populist and cautious are the words I would use to describe the Union budget 2013-14. Mr. Chidambaram has introduced a number of schemes to accommodate the interests of large sections of the middle class and the poor. However, the revenue side has cast a shadow of darkness. Taxing the rich and helping the poor is absolutely fine but the strategy to generate revenue to fund many of the programmes and contain fiscal deficit is vague. The Panchayati Raj Institutions have got nothing except a proposal of an additional Rs. 200 crore. This is mere tokenism. Unfortunately, the priorities spelt out in the budget do not take us closer to decentralisation.
V. Selvam,
Puducherry