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

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From 50 Years Ago: Saving the Hard Core.

Editorial from Volume IX, No 21, May 25, 1957.

How the people will like the budget and what reply the Government will give if the popular cry grows more insistent that before it asks for more, the Government must demonstrate that public money was not being frittered away or converted into ill-gotten gains for some sections, no one can tell for certain. But no one is crying havoc, even after the Finance Minister proposed taxing the city clerk who gets Rs 250 a month, and not all of it in his pocket, but cannot get a flatlet even in Parel for that amount. They are not the dump multitude. Nor has criticism on the score of excise duties aroused country-wide response. In fact the range of such duties may have to be widened. The nominal increase in the import duty on kerosene was removed with an alacrity which suggested that it had got into the budget proposals through an oversight. But there are others. The Finance Minister still retains some bargaining counters which he can utilise effectively, e g, post cards, deduction for children on income-tax in the lowest slab.

True, the budget proposals can be sabotaged in a more subtle manner. They could certainly be undermined by groups within the Congress on grounds of equity, high morals or expediency, and who knows, even the Finance Ministry itself may play ‘Kumbakonam’. All that lies in the womb of the future.

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