General Budget-FY17
Arvind Panagriya, a Columbia professor and NITI AAyog head says that advance estimate of Q4 numbers show India grew at 7.8 per cent. While S Sivaram of Enam calls India in recession. How can a Economy growing at 7.8 per cent also be in recession.
From our younger days, we remember Desai, Dandavate, Charan Singh, Yeshwant Sinha, PC, Singh and Pranab give TV and ToothBrush Budgets.
Nearly 70 years later, a similar Budget will be given by Jet-Li. After 2 useless exercises, people should be used to inane presentations. A mere USD 20 Bn of borrowed money is available for allocation. The rest goes to Salary and Interest payments.
With 2 droughts and a 3rd one very likely I see the novice journalists trying to make a game of it, beginning 7 AM today. The money will go to either the suicidal farmers or the already dead SOE Banks. And for this some 2 mn viewers will be sticking to their screen till 2.00 PM this afternoon.
The result will be similar to the Bihar Election-A NDA victory till 10.00 AM and a win to JDU/RLD at 10.10 AM. Long live journalism and long live Indian media
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