You will find no number crunching, no jargon and no guru speak from so called Dalal Street mavens on the Budget. sutanu guru & pramod kumar bring you the real budget story – a story of the lead up to the 2014 Lok Sabha Elections.
Days after the Congress-led UPA won that famous victory that left die hard pundits gasping for breath and excuses, some people were quietly and furiously busy in one house at Gurudwara Rakabganj Road and two houses in South Avenue in Delhi. Many of you must have read about how that non-descript residence in Rakabganj Road was actually the war room of Rahul Gandhi; most of you may not be aware that the house was ‘loaned’ by the owner of one of the biggest media houses of the country. The foundations for the Union Budget 2009-10 that was presented by Pranab Mukherjee were being laid by these mostly low profile characters who passionately believe that Rahul Gandhi must, and will, become the Prime Minister of India by 2014. Do remember: Pranab Mukherjee was yet to be ‘officially’ announced as the Finance Minister at that time.
Soon after the Cabinet was formed, it met formally to vet the address of President Pratibha Patil to the Joint session of Parliament. This meeting itself, more or less finalised the broad contours of the forthcoming budget. One key decision taken during this meeting was to abolish the controversial and widely criticized fringe benefit tax. Some of you who do recall the ‘routine’ and ‘yawn inducing’ speech of the President in the first week of June will not be surprised at all by the speech that Pranab Mukherjee finally delivered on July 6. In fact, even as the Finance Minister was busy meeting industrialists, industry lobby bodies and representatives of trade unions, farmers and many other self appointed guardians of public well being, he always found time to meet and discuss the broad agenda of the forthcoming budget with the other members of the core committee of Congress. This core committee includes Sonia Gandhi, Manmohan Singh, Pranab Mukherjee, P. Chidambaram and Ahmed Patel. In addition, informal channels with Rahul Gandhi’s team of close advisors were always open.
Days after the Congress-led UPA won that famous victory that left die hard pundits gasping for breath and excuses, some people were quietly and furiously busy in one house at Gurudwara Rakabganj Road and two houses in South Avenue in Delhi. Many of you must have read about how that non-descript residence in Rakabganj Road was actually the war room of Rahul Gandhi; most of you may not be aware that the house was ‘loaned’ by the owner of one of the biggest media houses of the country. The foundations for the Union Budget 2009-10 that was presented by Pranab Mukherjee were being laid by these mostly low profile characters who passionately believe that Rahul Gandhi must, and will, become the Prime Minister of India by 2014. Do remember: Pranab Mukherjee was yet to be ‘officially’ announced as the Finance Minister at that time.
Soon after the Cabinet was formed, it met formally to vet the address of President Pratibha Patil to the Joint session of Parliament. This meeting itself, more or less finalised the broad contours of the forthcoming budget. One key decision taken during this meeting was to abolish the controversial and widely criticized fringe benefit tax. Some of you who do recall the ‘routine’ and ‘yawn inducing’ speech of the President in the first week of June will not be surprised at all by the speech that Pranab Mukherjee finally delivered on July 6. In fact, even as the Finance Minister was busy meeting industrialists, industry lobby bodies and representatives of trade unions, farmers and many other self appointed guardians of public well being, he always found time to meet and discuss the broad agenda of the forthcoming budget with the other members of the core committee of Congress. This core committee includes Sonia Gandhi, Manmohan Singh, Pranab Mukherjee, P. Chidambaram and Ahmed Patel. In addition, informal channels with Rahul Gandhi’s team of close advisors were always open.
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IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
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IIPM B-School Facebook Page
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IIPM : The B-School with a Human Face
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