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.

- Advertisement - - 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.

Share This Post and Support:
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.

Most read articles recently

AAP propagandist tweets false claim about Adani Group, deletes due to fear of defamation

Earlier Delhi's Education Minister Manish Sisodia had also tweeted false claim about Adani Group

Rahul Gandhi’s lucrative and seemingly clandestine means of income and his links to scam accused FTIL, Unitech

How does Rahul Gandhi earn to buy land and other properties? A mystery we try to unravel
Congress' official twitter handle tweets the wrong date of Shahidi Diwas

BJP’s aggressive candidate list for 2019 election like a blizzard on Congress led by Rahul Gandhi

The boldness of BJP is apparent in that it has 21 present Union and ministers of state in the list, alongside the candidature of its party president, Amit Shah from Gandhinagar in Gujarat.
Prakash Raj was welcomed with pro-Modi slogans in Bengaluru

Actor-turned-politician Prakash Raj greeted with pro-Modi slogans as he went to file his nomination

Prakash Raj seemed visibly miffed with a large number of Modi supporters welcoming him with pro-Modi slogans in Bengaluru

Watch: Embarrassment for Hardik Patel, crowd chants ‘Modi, Modi’ as he addresses a Holi event

Red-faced, Hardik Patel had to stop speaking and left the place soon after

How Caravan and Congress’ attempts to create ‘bribegate’ before 2019 election fell flat

The 'bribegate' that Congress and The Caravan tried to cried falls flat on its face on several counts. 

‘Krantikari’ journalist Punya Prasun Bajpai sacked, again, this time from Surya Samachar

Punya Prasun Bajpai and his team of 25 had joined Surya Samachar last month

The Wire journalist wishes Holi with ‘Bismillah’, devout Muslims say it’s against Islam

Celebrating Hindu religious festivals is not the only that triggers abuses and threats from Muslim radicals
Rahul Gandhi

Staring at an imminent defeat in Amethi, Congress on the scout to secure a safe seat for Rahul Gandhi

The Congress units of southern states have been feverishly imploring Rahul Gandhi to fight from any constituencies in southern states, apart from Amethi in Uttar Pradesh .

Jammu and Kashmir Police officer Imtiyaz Hussain claims his life being under threat after he exposed Pro-Pak Islamists and ‘journalists’

Jammu and Kashmir policeman reveals how certain 'journalists' work hand in glove with the enemies across the border in Pakistan

Latest articles

Connect with us


Don't miss these

Share This Post and Support: