Wednesday, March 01, 2006

Trend setting budget

This budget is “trend setting”---yes, yes trend setting, in a way. First time, it displays that Annual budget should be just a Revenue expenditure summary.
Why should the policy decision made to wait for a single day? If India has to become a developed nation, It needs to make the budget irrelevant.
Till last year, everybody used to wait with baited breadth the D-day. The FM like a magician would hold the show. And financial experts will have there expert comments. What the investors got? What is in for common man? Which sector got what? Blah…..blah…blah…..
Not any more. This year there was not big-ticket policy initiatives. Yeah, that is right. Policy decisions should not wait for the budget. It should come along the way whole year.

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