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Rathin Roy: Of Tagore, Tiruvalluvar and pet lovers

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Budget Speech, Budget 2016

Rathin Roy 

Rathin Roy

In India, Budget speeches are also platforms for identifying issues that require fiscal attention. Finance Minister Arun Jaitley's speech this year focuses on agriculture, bank recapitalisation, and fiscal reforms. I was curious about how previous finance ministers (FMs) had dealt with these issues.

So I did some reading of speeches made by past luminaries who held this office. (All quotes are from Budget speeches). Explicit bank recapitalisation last happened in financial year 1995. Manmohan Singh embarked on "a basic restructuring of the banking system aimed at ensuring full ...

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First Published: Thu, March 03 2016. 21:48 IST
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