KP Geethakrishnan, finance secretary in the early 1990s, is credited with having called the Budget a Fudget—a reference to how the fiscal deficit was no different from many companies’ profit announcements: Someone’s version of the facts. Following the subsequent Budget presentation and before the cameras rolled at the follow-through TV show, your columnist asked the then chief consultant in the finance ministry, Ashok Desai, how much of a fudge the latest Budget numbers were. His typically crisp reply: “We have reduced the fudging by 50 per cent.” Today, of course, Fudget is an app for managing your personal finances.
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.
Already a premium subscriber? LOGIN NOW
SUBSCRIBE TO INSIGHTS
What you get on Business Standard Premium?
- Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
- Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
- Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
- Pick your 5 favourite companies, get a daily email with all news updates on them.
- 26 years of website archives.
- Preferential invites to Business Standard events.