ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

बगैर दम के दावे

The budget postures to be pro-poor, with little to show for it.

The translations of EPW Editorials have been made possible by a generous grant from the H T Parekh Foundation, Mumbai. The translations of English-language Editorials into other languages spoken in India is an attempt to engage with a wider, more diverse audience. In case of any discrepancy in the translation, the English-language original will prevail.

The Union Budget for 201718, the fourth presented by Finance Minister Arun Jaitley of the Narendra Modi government, was predictably lauded by much of the media for combining fiscal prudence without taking recourse to excessive populism. The budget has been pitched as pro-poor, benefiting farmers, and one that would lead to a more progressive tax structure and a reduction in the generation of black money. However, the chances of the budget alleviating the plight of the disadvantaged, reducing inequality, creating jobs, bringing down the bad loans advanced by public sector banks, and significantly improving the working of social welfare programmes, seem rather remote.

A close look at the budget documents reveals that none of these claims may hold good, that the budget is more hype than substance and, importantly, appears to be trying hard to assuage the hurt and pain suffered by ordinary Indians, in particular the poor, on account of the massive disruption caused to the countrys economy by demonetisation.

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here


To gain instant access to this article (download).

INR 59

(Readers in India)

$ 6

(Readers outside India)

Published On : 20th Jan, 2024

Support Us

Your Support will ensure EPW’s financial viability and sustainability.

The EPW produces independent and public-spirited scholarship and analyses of contemporary affairs every week. EPW is one of the few publications that keep alive the spirit of intellectual inquiry in the Indian media.

Often described as a publication with a “social conscience,” EPW has never shied away from taking strong editorial positions. Our publication is free from political pressure, or commercial interests. Our editorial independence is our pride.

We rely on your support to continue the endeavour of highlighting the challenges faced by the disadvantaged, writings from the margins, and scholarship on the most pertinent issues that concern contemporary Indian society.

Every contribution is valuable for our future.