'Fidget' Day is here
Do not expect any miracle in today's Fidget, oops sorry .........budget.
The Government is presenting its 3rd budget and with no major elections in which Congress has a big stake in the horizon, the Government need not dole out sops to get votes. That will come next year when UP goes to polls. TN, Kerala, Assam, Bengal etc do not matter.
Pranab Mukherjee is a conventional politician with a slightly left of the centre ideology (that is, if he has one). He do not see eye to eye with the troika of MMS, Montek Singh, PC with respect to the economic philosophy. With Congress hell bent on splurging money on non productive social sector reforms, and with the PM considerably weakened (counting his days till the next Presidential election), Pranab Mukherjee is expected to give a status quo budget.
Anyway the budget do not matter when the real centre of money is elsewhere - the parallel economy and Foreign Institutional Investment.
This Government will continue to blunder along. Even the PM has started accepting that 7% inflation is acceptable, and we are grateful it might only be 7% as against 15% - a case of Stockholm Syndrome, though in a different context.
As long as the FM is not expected to give a performance appraisal of his previous years budget projection vs performance, we will continue to see irresponsible expenditure with no long term vision. Forget about long term vision, this Government is so short sighted that it cannot see clearly the tip of its nose.
So, on this fateful day dont Fidget. Just sit back, try to comprehend (if that is humanely possible) Pranab Mukherjees Benglish ( we just Mamata speak the other day, God help me), listen to all the idiots anchor know alls on TV and the self proclaimed 'experts' talk endlessly trying to make sense of something which they dont understand a word of.
