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

From 50 Years Ago: Deserted Cause

Vol IV, No 10 MARCH 8, 1969

Deserted Cause

The Union Budget is not the occasion for being facetious. But since the Finance Minister himself has abstained from any serious effort to grasp the opportunities for renewed growth, what else can one seize upon except the proposed increase in the area under poppy to meet the greater demand for opium? To the generation that seeks opportunities for beneficial employment of its talents and skills, the Budget, announced as first of the series for the Fourth Plan, offers little, even of hope. True, prices are relatively stable, the economy has shown signs of revival and the balance of payments is in a less parlous state than before. Of what avail are all these unless the economy is put back on the growth curve?

…[I]s there any indication of concerted steps to consolidate and rationalise past and present expenditure to secure greater value out of it? Much has been said since 1966 about the use of annual plans for consolidation. Barely any rationalisation of expenditure had been essayed over the last three years. The latest Budget does not essay the task for the next year.

Updated On : 8th Mar, 2019

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top