Long lasting Budget Wishlist!!!

Tomorrow, on the 29th Feb 2016 as the finance minister “rises to present the budget of the Union for the year 2016-17”, he also raises a lot of hopes. In the media in India in the past 1 week or so, it’s been raining wishlists from the budget. As an Aam Admi, I also got tempted to join the bandwagon to submit my own wishlist though I know very well that it’s too late to incorporate even one from this (Wait a minute, may be one can be). But I still go ahead and here’s my list of 10 things which I would like to see change around the budget atleast in my life time.

Here we go:

  1. First up, do away with this archaic “Halwa ceremony” where the FM participates to prepare Halwa in the North Block office along with the staff who are going to be holed up for few weeks in isolation running upto the budget. What’s this Halwa got to do with the budget making? On the other hand, “Halwa Kudukarathu” (Giving Halwa) in Tamil is a euphemism for taking one for a solid ride😁😁! So unless the Govt. actually meant this only every year, they should stop this. And what’s this FM and team posing every year stirring up the Halwa😩
  2. On the day of the Budget, one familiar sight every year you can’t escape is the FM posing with a shining new “Brown Brief case” just as he enters the parliament. To me this brief case symbolizes extreme colonialism which we find it difficult to shrug off. In British parliament also same thing happens to date. (For more on the history of the “Budget Bag” pls click here).  For a country, which boasts itself as an IT behemoth and all that jazz why can’t the FM just walk in with a high capacity pen drive or a lap top instead of this antiquated brief case??? Won’t that be cool?

Budget pic3. And as the FM reads the budget speech, it’s usually from a huge bound document supported by a wooden stand crammed with facts and figures. How will it be if the same is presented as a power point presentation – with slides to the point with graphics? (something we could see in this year’s Economic Survey presented by Arvind Subramanian and team)

4. I don’t know when or who started this trend of sprinkling budget speeches with Shayari??? I do know that FMs like Manmohan Singh, Yashwant Sinha and now Arun Jaitley (Not to mention P.Chidambaram and his Thirukural couplets) get into shayar mode in the course of the budget speech but with limited effect. While it’s good to keep the speech which tends to get boring interspersed with some couplets, poetry,… more often than not it looks thrust upon and not in a flow. As if the British left that also as a rule! Some good self-deprecating humour could be a better option!

5. What is this thumping of the desks by the treasury benches for every outlay announced? It’s now obvious that outlay in itself doesn’t mean anything. Before the FM starts reeling out budgetary allocations, I would like to see the FM starting with the “Outcomes” from the outlays of the top 20 items in the previous year and explain how it benefited the people at large. That will give us some idea as how “our” money has been utilized and for the Govt. an opportunity to boast their report card. This can be followed by the outlays for the next year with clearly expected outcomes from the same.

6. And what is this “ranking” business the media resorts to by the Industry captains immediately after the budget? We have now seen that the devil is in the detailed explanations that surface later. So any ranking without understanding the fuller provisions according to me is an exercise dipped in frivolity.

7. And when is the last time you have seen industry captains giving a thumbs down to the budget?? It is generally a mega thumbs up or atleast a thumbs up with conditions attached. The feedback is always ‘right” and seldom “honest”. So why get into reactions from the Industry which are any way far removed from honesty?

8. Any why do the pink channels get excited and scream about the way the Stock market reacts to the budget?? We have now seen many times in the past that the Stock Market reaction to the budget is knee jerk and not borne out of any proper analysis of the after effects of budget proposals.

9. And why do the pink papers – The Economic Times in particular come out with a blockbuster issue the next day of the budget with the full budget speech and the myriad annexures??? Just upload on the net and leave it to the discerned to access if they need. Saving trees and the environment can just start here!

10. And finally, instead of the FM just making a once a year marathon appearance why not present a review of the budget and the progress made on outlays once every Qtr.? This will help us understand which ministries are performing and will aid PM to separate the wheat from the chaff!

I admit that my wishlist is more on the “method” and not on “matter” and “form” rather than “content”. One of my earlier posts (read here) delved on that a bit. Hopefully we get to hear something sweet in the leap year budget speech tomorrow which will leapfrog our economy. And are not dished out the greasy “Halwa” we Tamilians abhor.

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14 thoughts on “Long lasting Budget Wishlist!!!

  1. Sridhar says:

    All valid points. Did you get a glimpse of the economy report by Aravind Subramanian? That report already covers half of the budget content. The report has a lot of details. I wonder if al channels paid any attention to it. Saw Prannoy Roy in a discussion on YouTube. He was all praise for the content.

    Liked by 1 person

    • TRS, I saw that program the other day. Prannoy mentioned that this was the best Economic Survey document he has seen in years! I just saw the highlights and AS’s own tweets provide a summary all in well produced visuals! The National Anti National and Mahishasur discussions deflected channels attention from the Eco survey!
      Thanks for reading and for the feedback Sridhar.

      Like

  2. Mukund S says:

    Anand – Very thoughtful write-up hitting all the right notes
    Length of the budget speech or the no of words in the speech is another useless statistics shell out by the media

    Mukund

    Liked by 1 person

  3. M S Prakash says:

    RSA, as usual very well written… Lets c what we as aam aadhmi get, Halwa !!!.. Every qtr review is a great suggestion.. Your sense of humor is amazing !!.. Keep writing…

    Liked by 1 person

  4. Good and acute observation. Probably because it is still pleasantly cold in Delhi, halwa ceremony gives some sweet impetus to the otherwise bored people. To talk about shayari….it has its far reaching effects on a few like me. 🙂

    Liked by 1 person

  5. Abhie says:

    Anand, I like the subtle sarcasm and the fun element in your thoughts to present the infidelity of the bureaucratic system ,We service class people are the only source or “money bags” and will always have to pay through our nose in terms of taxes. Also in return we should not be expecting anything in return for the tax we pay and live as a victim of this parasitic bureaucracy. Can there be a democratic way of developing & presenting budgets?

    Liked by 1 person

    • Hi Abhijit, I agree. To be fair, this year the Govt had opened up for suggestions from the public on the budget. How much of it got into that bound document I am not sure!. Thanks for reading and for the comment.

      Like

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