PM Modi says Budget will be crucial for Amrit Kaal, accuses Opposition parties of 'scuttling his voice' in last Parliament session
While relying on some regional parties to form the government, the BJP has retained most ministers from its second term, signaling continuity in fiscal policy
Seeking more funds to tide over the state's financial woes, Kerala Finance Minister K N Balagopal on Sunday said the Centre should have a state-specific rather than a uniform financial approach towards states as each of them has different kinds of developmental activities. Balagopal, part of the CPI(M)-led Left Democratic Front (LDF) which is in power for the second consecutive term in the southern state, emphasised that monolithic thinking about overall development is not practical and also called for flexibility in utilisation of Centrally Sponsored Schemes (CSS) depending on the requirements of the state. Flagging serious concerns about reduced central fund transfers and borrowing restrictions, Kerala has demanded a special package of Rs 24,000 crore in the upcoming Union Budget to tackle the liquidity stress. "A monolithic thinking about the total development and administration of the country is not practical in India because different states should be considered differently, ..
In his meeting with Nitin Gadkari, Naidu sought support for construction of the Outer Ring Road project in Amaravati, widening of the Hyderabad-Vijayawada highway and support for other road projects
It will be interesting to see the path the FM opts for in the Budget and how she strikes a balance between the govt's political compulsions and economy's medium-term needs
Several BJP-backed state govts, over the past month, have unveiled a number of schemes targeting the poor, women, farmers, and students, following setback in the Lok Sabha polls