Monday, 29 February 2016

BUDGET 2016/17 AND REACTION ON BEATEN LINES

                                
Once again there was a budget today (2016/17) and it passed off on beaten lines. Now a days not only the Lok Sabha telecasts live the budget presentation by the Finanace Minister but all the major news channels devote the whole day on its coverage including comments from different angles. Most of the opposition political parties leaders, economists, businessmen, journalists and the people at large are approached for their comments. The sumtotal is that in these comments there is nothing factual. The ruling combination pats itself on back for presenting a pro-people budget whereas the opposition disposes it off as a ‘vakvas’.
First of all it will not be out of place to talk about the rail budget of Prabhu. The first to comment was Dinesh Trivedi of TMC who said that such a useless budget should not be next time presented which only spoiled the time of the Lok Sabha. A party which has been a party to stalling the proceedings of the Parliament for last nearly two years, talking about the value of the time of the House appears like a joke. Has he not been drawing pay without work for nearly three sessions? Secondly, I remember that after her shifting to West Bengal, Mamata Banerjee passed the mantle of railway minister on Trivedi. The first budget of his career boomeranged on him. When he raised the train fair, the TMC supremo was so angry that his budget proposals were turned down by her, he was divested of his ministerial assighnment and Mukul Roy was brought in. Trivedi, whose budget was discarded by his own party leader, has no face to pass such a discouraging comment against Prabhu.
Today, on general budget, I heard the comments of Laluji, K.C.Tyagi, M. Kharge, Sanjay Nirupam, Yogendra Yadav, Raghav Chadha  and could come to a conclusion that Jaitely is a fool and they are the experts on economic matters. Is really the present FM a duffer in the economic matters? What expertise is Lalu having in this subject. Just to humiliate Modi, he, as the then railway minister had made an uncalled for decision of constituting Bannerjee Commission to enquire into the Godhra incident. The tendentious report was thrown into the dustbin by the SC as already a commission constituted by it was in the job. What action was taken agains Lalu for squandering public money? It is FM’s second budget. Last year also this bunch had made a similar dismal comment. Despite that and also despite the global inflationary trends and droughts in eight states, the economy grew at 7.6% which clearly shows that their comments carry no depth.
Even as a layman, I can say that the thrustline of this budget is common people, kisans, women and children. By going back to villages, Jaitely has given a slap to the leaders who decried the NDA dispensation as a govt. of suit-boot. If the CPM and Congress are so expert in governance, then why they were chased out of their hinterlands? Nearly 30 years of Left rule in Bengal left the state in economic disasters showing that they had either no knowledge of economic development or they just left the public in lurch to line their own pockets. We find only under the TMC rule, things have started coming back on right track. What economic development was experienced by Bihar in 15 years of RJD rule? If possible, Lalu may say that Rabriji was  better than Jaitely in financial matters.

In this backdrop, my view is that in these two opposed streams, the public should not get confused. They should have faith in their govt. and remain assured that even if there was no turnaround, the overall picture will not be worse than the last year. Despite some price rises here and there, the economy is strong, it is in right direction with stewards endowed with honesty and commitment.      

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