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Center for the Study for Finance and Economics

Political Roots of the Budget’s Sobriety

How come the government has shown sober responsibility rather than wanton populism in the last full Budget available to it before the 2024 General Election? We see many pundits struggle with this puzzle on television and in newspaper columns and either remain puzzled or conclude that this government stands tall, beyond the temptations of expedience to which ordinary mortals are prone.

Electoral Bonds No Solution

How do donations via electoral bonds funded by legal or illegal money help curb undue influence on policymakers? Electoral bonds provide an additional of such funds.

The Union Government initiated the Electoral Bonds scheme, announced in the Union Budget 2017–18, on January 2, 2018. The aim was “to cleanse the system of political funding in the country”. While many other issues are also germane, the moot question is will this goal be achieved.

Hindenburg’s bet against Adani

Few can vouch for the veracity or otherwise of Hindenburg’s research that raises serious allegations of wrongdoing against the Adani group. The present author certainly cannot. These charges could be accurate to varying degrees but that does not put Gautam Adani in the company of fly-by-night operators or the likes of arms brokers and others who profit purely from government patronage. Adani is a first-generation entrepreneur who has dreamed big, executed with excellence and has built chunks of the Indian economy’s essential infrastructure, whether ports, power plants, grain storage or renewable energy.