Competing demands result in shortchange in some sectors: FM

Image
Press Trust of India Mumbai
Last Updated : Nov 19 2013 | 10:40 PM IST
Against the backdrop of Bharat Ratna nominee CNR Rao's outburst over inadequate funding for science, Finance Minister P Chidambaram today said competing demands from various departments do result in some sector getting short-changed.
"If the pie is small...If there are competing demands, the allocations tend to be smaller than what the sector deserves," Chidambaram told reporters when asked to comment on Rao's lament a day after his name was announced for the highest civilian honour.
Chidambaram was addressing reporters here after the launch of the country's first bank devoted to women, the Bharatiya Mahila Bank.
"We are all concerned about the allocation for science and technology. If the pie is large, you can allot a large amount of money," Chidambaram added.
After the announcement of his name for the Bharat Ratna, the veteran scientist had rued the fact that science and technology got inadequate funding and also called politicians "idiots" for doing "so little" for the sector.
"Why the hell these idiots, these politicians have given so little for us. In spite of that we scientists have done something," Rao had said, losing his cool.
However, he yesterday clarified that he never meant to call anybody idiot but had merely underlined the investment deficit in science.
Chidambaram, who centred his reply on the lack of resources, said multiple departments jostle for allotments and said others like defence, rural development, health and education also ask for money.
"I have a rule of thumb, if every department complains that it has been allotted less money, that means I have allotted fairly," the Finance Minister, who has a record for announcing the most number of budgets, quipped.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Nov 19 2013 | 10:40 PM IST

Next Story