The members of the ruling party defend their effort with predictable fervour, members of their alliance partners try to use the platform to send messages of support or veiled threats, depending on electoral considerations. The representatives from the opposition present their argument with such a staggering display of narrow opportunism that it takes one's breath away, and of course the anchors seize upon the slightest comment or view to tease out controversies and dissensions.
Meanwhile, the less said about the economists and industry leaders the better: the judgments of the former seem to be dictated by where their next quasi-governmental appointment fructifies, and the latter by the bottom- lines of their own industries.
Recently, as I watched one news channel after another feature a dazzling array of talking heads, I wondered if there was anyone at all within the lot who spoke from a larger perspective, a selfless approach or a more public spirited agenda.
Many years ago in Mumbai, the country's leading jurist and economist Nanabhoy "Nani" Ardeshir Palkhivala's post-Budget analysis was something people clamoured for. Free from bias, personal agenda, grandstanding and cynical opportunism, it held the promise of cutting-edge analysis wrapped in the spirit of nation building and humanism.
It did not speak for interest groups from industry (even though he was a senior Tata executive), political parties or self-seeking gain.
In the words of his friend and peer, former Attorney-General Soli J Sorabjee, "His talent in expounding the subject was matched by his genius in explaining the intricacies of the Budget to thousands of his listeners. He spoke without notes and reeled off facts and figures from memory for over an hour, keeping his audience in rapt attention."
Sorabjee had seen Nani's Budget speeches evolve into something akin to a significant event in the life of the nation. His famous annual Budget speeches had humble beginnings in 1958 in a small hall of an old hotel called Green Hotel in Bombay, but later they became so popular throughout India and the audience for them grew so large that bigger halls and later the Brabourne Stadium in Bombay had to be booked to keep pace with the demand of an audience of over 20,000. It was aptly said, recalled Sorabjee, "that in those days that there were two Budget speeches, one by the finance minister and the other by Nani Palkhivala's speech."
And of course, unlike the specious standpoints of today's commentators, Palkhivala's audience knew that he spoke unfettered by bias or self-interest. "The audience in these meetings was drawn from industrialists, lawyers, businessmen and the common individual. Nani's speeches were fascinating for their brevity and clarity," says Sorabjee.
Is their anyone today who can claim the same following? Has the time for lofty thought and altruism passed? In an election-year-preceding Budget, is it too idealistic to expect a Budget independent of political exigencies? Those of us who see through the whole travesty of tokenism, party, self and industry interests are not holding our breaths for the answers to these questions.
Meanwhile, next year post-Budget, expect more of the same.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
