Net Edition
Financial Express Logo
Wednesday, February 04, 2004
 
 
 
  SEARCH FE
  FE ARCHIVE
   Search by Date
  GROUP SITES
 
  Expressindia
  The Indian Express
  Screen
  City Newslines
  Kashmir Live
  Express Cricket
  Latest News
  Loksatta
  Lokprabha
  Express Computer
  North American
Edition [Print]
 
 
  The Financial Express
  The Indian Express
  SUBSCRIPTIONS
 
  Free Newsletter
  Wireless Express
  SYNDICATIONS
 
  RSS FeedsRSS Feeds

Home |  Front Page |  Budget Impact |  Edits & Columns |  The Monday Page |  Letters To The Editor |  Fiscal Initiatives |  Documents |  Budget & The Plan |  Knowledge & Economy |  Politics Of Budget |  From The South |  News |  Services

DATELINE
 
POLITICS OF BUDGET
Sailing On Cong Mast With Pro-poor Sops
 
Send Feedback   E-mail this story   Print this story
 Despite riding high on the feel-good factor, finance minister Jaswant Singh has preferred propriety to populism ahead of the ensuing general elections. Mr Singh, a close confidant of the Prime Minister, has decided not to play to the gallery and made it amply clear that the BJP-led government does not believe in day-dreaming, rather realises that citizens’s well being is at the core of its responsibilities.

He also conveyed that his party has brought infrastructure development, economic revitalisation, development and modernisation to the centre-stage. And it is quite capable of winning the ensuing elections on these issues and not on the contentious Hindutva, and Ram temple.

The finance minister’s proposal to explore the possibility of making countervailing duty for the power sector cenvatable and extending various benefits to this sector up to 2012 are quite encouraging for the achievement of much debated capacity addition of 1 lakh mw by the end of the 11th plan.

As expected, the Opposition slammed Mr Singh for his election gimmicks but BJP and its allies claimed these proposals would help continuously enhance the growth momentum which the country has achieved. By reiterating the government’s commitment for garib ke pet me dana, grihini ki tukia mein anna” Mr Singh has sought to puncture the Congress’ electoral plank of Congress ka hath garibonke sath.

Mr Singh, whose speech was delayed by over an hour following the Opposition’s attempt in vain to expose the Centre by showing certain technical and legislative flaws, was at his best when he took a swipe at Congress president Sonia Gandhi, who had last year attacked the Vajpayee government’s economic policies by terming it as Mungerilal’s sweet dreams. The finance minister was categorical that the government’s various initiatives have helped the country to shine and it is poised for a 7.5-8 per cent GDP growth.

The minister may have retaliated the Congress-led Opposition’s criticism, but he and his party would have to convince the Sangh Parivar and certain allies which have claimed that the feel-good factor is visible only in urban areas and it has not yet touched the hinterlands. Sadhvi Rhitambara, who is otherwise quite vocal on the Ram Mandir and Hindutva issues, for a change spoke against the Centre’s claims of ‘Indian Shining’. The BJP would also have to satisfy one of its important allies, Shiv Sena, which has expressed serious apprehensions over the economic benefits trickling down to the grassroot levels.

The Congress, on a comeback bid, will have to do a lot of homework to expose the aggressive ‘India Shining’ campaign being run by the government and BJP. Ironically, the Congress, responsible for launching the structural reforms during in 1990s, has to do a lot of running to catch up with the BJP’s lead in the run-up to the campaign trail.

The Nationalist Congress Party doubts how the budget proposals will help farmers. So also Bahujan Samaj Party opined that proposals would mislead voters and feared that it would only increase deficit in the next budget.

Mr Singh stuck to his sops announced in indirect taxes early January but desisted from doling out fresh sops to the salaried class in revising I-T limit..

Send Feedback   E-mail this story   Print this story

GOOGLE


OTHER POLITICS OF BUDGET
Mr Jaswant Singh Presents A Budget For Bharat
Misleading, Anti-climax, Poll Gimmick...
Opposition’s Side Show Fails At Lok Sabha Box Office
 
Full Coverage
RBI Annual Report
Economic Survey '05-06
Railway Budget '06
Economic Reforms
Indo-Eu Summit: 2005
India Empowered
Reliance Empire Divided
Davos 2006
JJ Irani Committee On Company Law
Ready For Vat?
Run-Up To Foreign Trade Policy 2005-06
Run Up To Budget 2007-08
Rbi Annual Policy 2007-08
Run-Up To Budget 2005-06
Ambani Vs Ambani
Ear To The Ground
The Idea Exchange
RBI Monetary Policy
Walk The Talk
WTO Special
Outcome Budget: 2005-06
 
Home |  Front Page |  Budget Impact |  Edits & Columns |  The Monday Page |  Letters To The Editor |  Fiscal Initiatives |  Documents |  Budget & The Plan |  Knowledge & Economy |  Politics Of Budget |  From The South |  News |  Services





 
   
 
   
About Us | Advertise With Us | Privacy Policy |