Monday, July 06, 2009
Politics behind the budget
It was expected that the budget would be focussing on reforms since the anti-reform communists are not a hindrance to UPA any longer. Surprisingly, the 90-minute budget speech was laconic on reforms. Divestment which is considered as a main indicator of reforms was soft-pedalled. Trinamool Congress is happy about this. Apparently Trinamool Congress has taken the place of its bete-noire, the Marxists. As they say, the more politics changes , the more it remains the same. The announcement regarding funds allocation for Mumbai drainage improvement is aimed at upcoming state elections in Maharashtra. The budget has also announced a grant of Rs.50 crore to the Punjab University. Is it because our PM was a student and also a Professor there?