True to his style, the veteran Finance Minister stayed focussed on his schemes and tax proposals during his 95-minute presentation , which he began with the promise of keeping it "simple, straight forward and reasonably short".
Unlike the Rail Budget two days ago, Chidambaram's speech in the Lok Sabha was heard with rapt attention and there were only a couple of minor disruptions.
Quoting Stiglitz, he said, "There is a compelling moral case for equity; but it is also necessary if there is to be sustained growth. A country's most important resource is its people."
Towards the end, he read out some lines of his favourite Tamil poet: "What clearly eye discerns as right, with steadfast will and mind unslumbering, that should man fulfil".
Though the Treasury Benches applauded him frequently, Chidambaram invited some brickbats too.
The opposition benches were on their feet and protested when he announced that those states which have substantially fulfilled objectives of Pradhan Mantri Gram Sadak Yojana (PMGSY) will get more funds for PMGSY-II but mentioned only two non-Congress ruled states in the list of six.
When Chidambaram announced that he shall now make his tax proposals and reached for a glass of water, members took potshots forcing him to abandon the idea.
"He has spilled water on the whole budget," Mulayam Singh Yadav, chief of ally Samajwadi Party, said.
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
