FM has got a fix on the fisc. But that’s only one side of the coin.
Nirmala Sitharaman, finance minister, India; portrait by Manali Ghosh
Synopsis
There are several positives in this year’s Budget. Walking on the path of fiscal consolidation is one of them. Additional outlay towards building physical infrastructure is another. But there are several not-so-good parts as well.
This year’s Union Budget was a vote of account, which is a provision in the budgetary process that allows the government to obtain the approval of Parliament for essential expenditures for a limited period before the full Budget is presented. With Nitish Kumar joining the National Democratic Alliance (NDA) led by Narendra Modi will return to power. It seems that finance minister Nirmala Sitharaman also believes that, and therefore this
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