MODI GOVT’S INTERIM BUDGET HAS SOME POSITIVES BUT IGNORES AAM ADMI CONCERNS
AGRICULTURE AND SMALL AND MEDIUM ENTERPRISES SECTOR DENIED THEIR DUES
2024-02-05 10:39
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This year’s budget was a ‘vote of account’ which is a provision in the budgetary process that allows the government to obtain the approval of the parliament for essential expenditures for a limited period before the full budget is present. With Mr. Nitish Kumar, joining the National Democratic Alliance, there is a high probability that the incumbent party led by Mr Narendra Modi will return to power. It seems that the FM also believes that, and therefore this vote of account budget was more ‘rational’ and not that ‘popular’ from the standpoint of economics. Let me explain further.