Union Budget – 08 – A populist one

It was an aggressive Finance Minister P Chidambaram going all the way to promote the mother of all loan waivers — the Rs. 60,000 crore farm loan waiver. Defying charges of his political opponents and even Left allies, Chidambaram chose a counter-offensive: “Let every politician and political party take a stand on our decision to write off farmers’ loans. They should stand up and say if they are for the farmers or against them. If they have the courage to oppose, they should stand up and be counted.”

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More sources

Northeast gets over Rs.14 bn in the budget Economic Times
Union budget for 2008-09 — Populist but largely sane Hindu Business Line
Real estate welcomes Budget proposals for sector Hindu

India spends more on poor in budget 2008-09 Daily Times
Indian shares slip 1.38% after budget Daily Times
India increases defence budget to $26.40 billion Daily Times


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