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

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LONDON-Dark Backdrop for Budget

 while he favours a 'pragmatic' approach over an ''ideological' approach, this is not an indication of his lack of com- mitment to socialism. He has also proposed a committee to go into this question. Even on rural taxation he has not made any concrete proposals, Hence, despite the Finance Minister's effective performance in the legislature, the truth is that until the Finance Commission's award is known and until the Fourth Plan is finalised, the many awkward problems of the State's Fin- ances are bound to remain.

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