Friday, May 24th 08:42 PM IST
 

P Chidambaram’s budget has been disappointing

Arun George

From a political standpoint Chidambaram’s budget does all that it can without offending either the ratings agencies and enough to boost markets. He couldn’t promise any new welfare schemes, but has endorsed the government’s commitment to existing welfare schemes. He has gone after the easy target of the rich while sparing the middle class voters, something that is certain to help boost the image of the Congress among the middle and lower classes. The budget promised sops to the scheduled castes, tribes and the minorities, again a vote bank that needs to be addressed before state and national elections. It may not be the best budget from an economist’s standpoint but its definitely one that his party will appreciate.read less read more

Munnu

Chidambaram hammered the last nail to crucify Congress Party of India.