Firmly on the Trodden Path

Bhabatosh Datta There is no sign of a break away from the established path in the budget for 1990-91. The people were looking forward to effective progressiveness in taxation, large help to the production of employment-intensive mass consumption goods and control of the inflationary pressures on prices and on real income distribution. The overall expectation was that of a new approach to what is called growth and a perceptible move towards income and wealth equality. These expectations have been disappointed by a government from whom bold steps were expected in all the major directions. Where are the socialists of yester-year?