The pursuance of neo-liberal ideology has run out of policy options to take the Indian economy out of the current crisis. That is the message of this year's union budget.
At first sight, it appears that the Union Budget 2012-13 presented by Finance Minister Pranab Mukherjee, on March 16, lacks anything indicating a significant move in any direction. Appearances however can be deceptive. A careful examination of the budget would reveal that it reflects the clear continuation of the return to fiscal conservatism - a key integral element of the neoliberal doctrine - after its limited temporary suspension in the wake of the global crisis.
Deputy Editor of the Times of India, Shankar Raghuraman comments on the Union Budget for 2011-12.
The entire country is reeling under terrible spell of inflation. Prices of essential commodities and food items have reached historically high levels. The Government has done too little to control prices. A blog post.
A comparative assessment of the budgets placed by the UPA Government and the Left ruled states of Kerala, Tripura and West Bengal.
A response to the Union Budget 2009-10 by the Network for Social Accountability.
"The Finance Minister seems to have walked a tightrope; trying to provide a half-baked stimulus to the slowing economy and make a few gestures to the aam admi even while catering to the demands of the “reforms” constituency; the corporates, stock market players and the affluent sections. This perhaps reflects the very nature of the 2009 election mandate, which has brought the Congress led Government to power. How long can such tightrope walk be sustained is a different question altogether. " argues Prasenjit Bose on Budget 2009.
An Analysis of the Budgetary Allocations for the Scheduled Caste Sub Plan (SCSP) in Recent Years by Siba Sankar Mohanty for the Network for Social Accountability (NSA). Siba Sankar Mohanty works as an honorary research advisor and an honorary policy director on Social Exclusion and Discrimination with the NSA. Courtesy: www.nsa.org.in