Home Opinions Budget 2018 suggests that Modi will fight 2019 on performance and not SOPs

Budget 2018 suggests that Modi will fight 2019 on performance and not SOPs

The budget 2018 has been met with mixed response. Some praise the proposed universal health coverage scheme and allocations for MUDRA and MSME sector. Others point out the crucial MSP related announcement in the finance minister’s speech. The middle class has complained that the Modi government has not given any relief to them. However, there is a serious political message through this balanced budget which has sought to innovate within the boundaries of fiscal deficit limits. It has not offered any major sops to any section of the society,

Finance minister’s confident demeanour

When the finance minister rose present the budget, he began his speech with the following words :

Madam, four years ago, we pledged to the people of India to give this nation an honest, clean and transparent Government. We promised a leadership capable of taking difficult decisions and restoring strong performance of Indian economy. We promised to reduce poverty, expedite infrastructure creation and build a strong, confident and a New India. When our Government took over, India was considered a part of fragile 5; a nation suffering from policy paralysis and corruption. We have decisively reversed this.

- Ad - - article resumes -

It appears that Modi and Jaitley have set out with a purpose driven agenda when the NDA’s term in office began. It is not a matter of rhetoric alone. They have not hesitated to uncover the NPAs in the banking system and offer a transparent legislation to solve it (the insolvency and bankruptcy code). The mess of coal block allocation and spectrum sales left behind by the UPA were swiftly solved.

In spite of huge risk, demonetisation and GST were implemented in the face of stiff political opposition. The satisfaction of having achieved this was reflected in the finance ministers last full budget speech during NDA’s five year term. He said , “The journey of economic reforms during the past few years has been challenging but rewarding.”

Essence of Modinomics , as presented by Shah

Amit Shah captured the essence of Modinomics in a speech to intellectuals eminent citizens of Karnataka in August 2017. In a speech of about 50 minutes he outlined the core principles of his party and contrasted BJP from the main opposition party. He said that all governments of past were stuck in dilemmas which had been overcome by Modi.

All governments of past were stuck in the dilemmas. Whether the government must work on urban development and stick to a rural focus. Modi sarkar has proved that there is no conflict between these two goals, both can be achieved simultaneously. Previous governments were confused between the choice of social sector schemes and reforms. Modi sarkar proved that reforms can happen alongside poverty alleviation. [At 38:00 of the video ]

If one looks at the social sector policies of Modi, one finds innovation, variety and a strong understanding of the fundamental needs of common citizens of India. Swacch Bharat, Saubhagya, Jan Dhan yojana, housing for all, Ujjwala etc have dealt with basic needs of the people. Toilets, electricity, bank account , homes and clean cooking fuel are important for uplifting the poor through empowerment and not enslavement to a party or politician.

At the same time, NDA- II has been able to roll out fundamental economic reforms that improve ease of doing business in India. Thus the myth of contradiction between pro-business vs pro-poor economics has been dispelled. All this has been achieved while maintaining fiscal deficit targets. Probably, corruption free governance and low oil prices in 2014-17 played their role in helping NDA -II achieve this result.

UPA -II happened because of farm loan waiver

Most political observers have admitted that the 50,000 crore farm loan waiver brought UPA back to power in 2009. The SOP offered by the center in their last budget ensured that the rural vote stayed with them. It must be remembered that fiscal deficit was as high as 6% ( 3.3 trillion rupees) in 2008-09. The election was won at the cost of tax payer. The summary of 2008 budget states :

About 3 crore small and marginal farmers and about one crore other farmers to benefit from the scheme; Total value of overdue loans being waived estimated at Rs.50,000 crore and the OTS relief estimated at Rs.10,000 crore.

If the economy had been doing well 2013, the UPA would not have hesitated to deploy a similar sop to get elected again to office.  Unfortunately, the economy was in doldrums in 2014 and the hope of re-election had been already low.

Budget 2018 suggests that Modi will fight on performance and not SOPs 

The absence of any SOP before NDA’s last full budget before 2019 polls indicated that Modi is confident about his performance so far. The finance minister said that the reforms and corrections done under NDA II has poised the economy to return back to 8% growth. Modi has effectively thrown the ball in people’s court.

The message from Budget 2018 is clear : I have done my work, now it is your job to get me re-elected.

Help Opindia Reach Every Indian. Share This Post
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.

Big Story

While the date of the recording is not clear, it can be inferred from above conversation that it took place sometime in July.

2019 World Cup Is Here!

Catch the latest on Cricket World Cup as it unfolds, special coverage by Opindia

To Advertise on Opindia.com Click here

Army veteran Surendra Poonia receives threats from Pakistan, files online complaint with cyber crime portal

Major Poonia shared screenshots of the threats he has been receiving as well as screenshot of message which said how an unknown number had threatened to character assassinate him and malign him.

Barkha Dutt’s strange coincidences with a Kashmiri who wished death upon PM Modi and Amit Shah

Idrees ul Haq, with whom Barkha Dutt had a series of ‘coincidences’ is a known separatist sympathiser
Google search shows images of Pakistan PM Imran Khan on search of Bhikari

Old controversy resurfaces: Google throws up images of Pakistan PM Imran Khan when searched for “Bhikari”

This controversy is, however, not new. In December 2018, a resolution had been submitted in Punjab Assembly, Pakistan to summon Google CEO and question him as to why Imran Khan's images show up when one searches for the word 'Bhikari'.

Deplorable ‘journalists’ further Pakistan propaganda and undermine India: Why should their patriotism not be questioned

Indian 'journalists' and 'intellectuals' have taken up the mantle of peddling the Pakistan narrative on Kashmir it appears.
Shah Faesal was reportedly planning to approach ICJ over India’s decision to abrogate Article 370

IAS-turned-politician Shah Faesal was travelling to file case against India in the ICJ over Kashmir issue: Report

Shah Faesal was nabbed at the New Delhi International Airport on August 14 when he was trying to leave the country, reportedly, to Turkey

Here is why Shobhaa De could be first in a long list to be exposed by Pakistan

India’s stand on abrogation of Article 370 and 35A and dilution of Jammu and Kashmir from a state to a Union Territory has dropped the baby of pretence.

Purported email screenshots of Kavita Krishnan’s team show them discussing use of retired judges and ex-military officers for Kashmir propaganda

Purported screenshots of internal emails of urban naxals are being circulated on social media

After the abrogation of Article 370, Pakistan Minister expresses angst over Rahul Gandhi not winning 2019 elections

After abrogation of Article 370 by the Modi government, Congress and Pakistan seem to have found an ideological soulmate in each other
PM Modi's debut on Man vs Wild becomes most viewed show worldwide with 3.6 billion impressions, leaving Super Bowl behind

PM Modi’s debut on Man vs Wild becomes most trending show worldwide with 3.6 billion impressions, leaving Super Bowl behind

The appearance of PM Modi on Discovery’s ‘Man vs Wild’ show with survivalist and adventurer Bear Grylls has garnered 3.6 billion impressions and counting.
Shehla Rashid bats for Armed insurgency in Kashmir

Career-protester-turned-politician Shehla Rashid downplays terrorism in Kashmir, calls legitimate action by India ‘state terrorism’ instead

According to Shehla Rashid, India has been inflicting atrocities on Kashmiris since 1953
Subscribe to Day's Top Stories
[newsletter_form type="minimal"]
- Advertisment -

Latest articles

Connect with us

Help Opindia Reach Every Indian. Share This Post