Too many to please?

February 23 2016

Arun Jaitley is wearing a frown nowadays, worrying about how to make the coming Union Budget people-centric and popular. He says that the Seventh Pay Commission’s recommendations alone are going to cost the national exchequer Rs one lakh crore. At the same time, the armed forces’ one rank one pension demand is going to further put strain on the national treasury. Forming a populist Budget in such circumstances will not be an easy feat. In any case, the role of both Jayant Sinha and Raghuram Rajan has been that of “hatch fund” and their thinking reflects that.

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