Showing posts from July, 2014

India's Big Budget - What Should It Be?

"I know I have a Tough Task" - Arun Jaitley and Narendra Modi in a Pose for cameras (courtesy Dainik Jagran ) It is ironic that every budget is labelled historic in India, completely sidestepping the incovenient facts. Any country that has raised itself in our geographical vicinity has shown policy stability. An annual general budget is a moronic idea to promote economic stability, and I believe it should be replaced with an economic charter at the beginning of the government with no changes through an amendment to the Constitution. Alternatively, governments should focus on one budget and pass votes on account in subsequent years that uphold the policy framework laid out in the budget earlier. Unlike February, the General Budget is being presented in the middle of a truant monsoon this year. A change of government with a mandate not seen since 1984 has meant that Narendra Modi has a tide of hope carrying him. This tide can also leave him high and dry if he fails