Bad economics, worse politics

Print edition : March 22, 2013

Finance Minister P. Chidambaram and Ministers of State Namo Narain Meena (to his right) and S.S. Palainimanickam pose for a photograph with other officials in the Ministry on the eve of presentation of the Union Budget on February 28. Photo: Altaf Qadri/AP

One casualty of the obsession with the fiscal deficit is public expenditure. Even the NREGS, the so-called “flagship” scheme of the UPA, has not been favoured with a larger allocation. A major push was expected, but at Rs.33,000 crore the allocation for the scheme is the same as in 2012-13 and marginally above the Rs.29,387 crore actually spent in the year. Here, labourers executing an NREGS work in Nalgonda district in Andhra Pradesh. Photo: Singam Venkataramana

The fertilizer subsidy, at Rs.65,971.50 crore in 2013-14, is almost the same as what was spent in 2011-12, Rs.65,974.1 crore. So farmers, who are suffering because of the growing non-viability of crop production, have not been given any support. Here, a farmer carries a bag of fertilizer to his land in Karnataka's Tumkur district. Photo: G.R.N. SOMASHEKAR

The UPA government's last full Budget before the next general election reflects its unthinking adherence to a kind of ideology that makes no economic or political sense.

    Related Articles

    This article is closed for comments.
    Please Email the Editor