Chidambaram invokes poets, scholars in Budget speech


HomeNewsBudget ImpactExclusiveTaxRail Budget Celeb Speak Eco Survey

Chidambaram invokes poets, scholars in Budget speech

Last Updated: Thursday, February 28, 2013, 18:47
 Comment 0
New Delhi: Finance Minister P Chidambaram's low-key budget presentation won applause from members as he seasoned it with a fair sprinkling of quotations from poets and scholars, and highlighted sensitive issues that struck a chord with even those seated on the opposition benches.

True to his style, the veteran Finance Minister stayed focussed on his schemes and tax proposals during his 95-minute presentation , which he began with the promise of keeping it "simple, straight forward and reasonably short".

Unlike the Rail Budget two days ago, Chidambaram's speech in the Lok Sabha was heard with rapt attention and there were only a couple of minor disruptions.

The 67-year-old Harvard-educated Finance Minister invoked noted Nobel Prize winning economist Joseph Stiglitz, Saint Thiruvalluvar and Swami Vivekanand to impress his audience.

Quoting Stiglitz, he said, "There is a compelling moral case for equity; but it is also necessary if there is to be sustained growth. A country's most important resource is its people."

Towards the end, he read out some lines of his favourite Tamil poet: "What clearly eye discerns as right, with steadfast will and mind unslumbering, that should man fulfil".

Though the Treasury Benches applauded him frequently, Chidambaram invited some brickbats too.

The opposition benches were on their feet and protested when he announced that those states which have substantially fulfilled objectives of Pradhan Mantri Gram Sadak Yojana (PMGSY) will get more funds for PMGSY-II but mentioned only two non-Congress ruled states in the list of six.

There were some light moments during the long speech, which put Congress member Dharam Singh to sleep while a few others too were caught napping.

When Chidambaram announced that he shall now make his tax proposals and reached for a glass of water, members took potshots forcing him to abandon the idea.

"He has spilled water on the whole budget," Mulayam Singh Yadav, chief of ally Samajwadi Party, said.


First Published: Thursday, February 28, 2013, 18:47


Post your Comments

Place :
Email :  
Comments :  
Other Stories
MSME Sector

P Chidambaram proposed continuing non-tax benefits to these units for three years.

Full Article »

IT-BPO Sector

Clarity on tax issues related to R&D centres in IT soon.

Full Article »


Big push to infra with Rs 50k cr tax-free bonds, two new ports.

Full Article »

Real Estate Sector

FM raised tax deduction limit by Rs 1 lakh for the first time home buyers.

Full Article »

Auto Sector

Excise duty on SUV will be raised to 30 percent from 27 percent.

Full Article »

More »

Latest Videos
Budget 2013: Tax slab remain unchanged Budget 2013: PM commends Chidambaram's budget Union Budget 2013: Chidambaram's Budget speech
Budget 2013: Tax slab remain unchanged Budget 2013: PM commends Chidambaram's budget Union Budget 2013: Chidambaram's Budget speech
rail budget
Rail Minister announced no hike in passenger fares.
know your fm
P Chidambaram- Man of all seasons.
Opinion Poll
How would you see Budget 2013 as?
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved