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  1. Letters to the editor

Letters to the editor

Scrap the General Budget Apropos of “Why only Rail Budget, scrap General Budget too” (FE, September 13), the column gets it right when it points out that it is important to revisit the annual budgeting exercise which, I may dare suggest, is an exercise in futility. It has simply outlived its importance and is practically […]

By: | Published: September 14, 2016 6:14 AM

Scrap the General Budget

Apropos of “Why only Rail Budget, scrap General Budget too” (FE, September 13), the column gets it right when it points out that it is important to revisit the annual budgeting exercise which, I may dare suggest, is an exercise in futility. It has simply outlived its importance and is practically a hindrance to economic growth rather than an advantage. Jaswant Singh was one of the country’s most progressive and pragmatic finance ministers. I recall, in one budget speech that I watching live, he cut out the rhetoric (which FMs are usually susceptible to) and suggested that all the information he had to share was already in the budget papers with each of the MPs. He therefore stuck to specifics and conducted what, arguably, was one of the shortest and sweetest budget day since Independence. A progressive economic environment needs a dynamic decision-making process, not an archaic annual tamasha.

Shankar Poti, Bengaluru

Water wars

Few decades back, nobody would have imagined that water would one day create so many problems. It is said water is the oil of 21st century and many wars of the century may be fought over water as it is unevenly distributed across the globe. Most of you would recall school chemistry—that water is a universal solvent, but one wonders when people will dissolve their differences over water and resolve issues amicably before it reaches a boiling point. One wonders whether inter-linking rivers will solve India’s water crisis or lead to more disputes. Benjamin Franklin said “When the well is dry, we know the worth of water.” Let us all take a resolve to save water as every drop counts.

TS Karthik, Chennai

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