Ummid Assistant

Samsung sets up fund for poor kids' education

US varsity offers doctorate for education professionals

Welcome Guest! You are here: Home National

No 'dramatic announcements' due to political constraints: Pranab

Saturday March 31, 2012 10:50:39 PM, IANS

Kolkata: After getting a lukewarm response from India Inc to his 2012-13 budget proposals in respect of key reforms, union Finance Minister Pranab Mukherjee Saturday said he had refrained from any "dramatic announcement" in the budget because of political constraints.

"I did not want, rather I did not attempt, to have any dramatic announcement (in the budget proposals), because I have to keep in mind that every budgetary proposal requires the approval of Parliament," Mukherjee said during a programme organised by the Calcutta Chamber of Commerce.

"Had it been decided in the boardroom of the corporate sector, or in the seminar of all the intellectuals, problems would have been easier.

"But as a hardcore political activist, I cannot ignore this fact from 1989 onwards, almost 23 years in all subsequent elections, India's electorate did not give a clear verdict in favour of any political party... there is a fractured mandate. Fractured mandate means yes we can move but you have to carry people with you," he said.

The budget for the next fiscal mostly got negative reviews from analysts and commoners.

Reacting to that, the finance minister said he had to formulate the proposals within some constraints as the Congress did not have two-third majority in Parliament and that was why he had to keep in mind that he had to persuade other political parties for getting the proposals approved.

"Therefore, it is not a theoretical proposition to any finance minister... I am to keep in mind that how can I get my proposal approved by Lok Sabha. So within the constraints I have to formulate my proposals. I did not indulge, and I think correctly, of any dramatic announcement," he stated.

"Many more things we shall have to do. And for that you will require time. We have to persuade others," Mukhejee said.

He said it was due to this political constraint, there was a delay in implementation of reforms like the Goods and Services Tax (GST).

"If GST is not implemented and the goalposts have been shifted, it is not because of me. To start the GST, you will require constitutional amendments. My party does not have two-third majority in Lok Sabha and Rajya Sabha. So cooperation of others is required," he said.




Home | Top of the Page


Note: By posting your comments here you agree to the terms and conditions of

Comments powered by DISQUS






Top Stories

Amendments to AFSPA pending, says Chidambaram

A day after the United Nations Special Rapporteur asked India to repeal the Armed Forces (Special Powers) Act, Home Minister P. Chidambaram Saturday said  

Human rights watchdog rakes up AFSPA issue

Why Kashmiris want the hated AFSPA to go


  Most Read

Behind the scenes: India shaped BRICS position on West Asia, Afghanistan

Amid differing perceptions, India played a crucial role in shaping the collective stance of the BRICS countries on the need for dialogue to resolve the festering crisis in  

Italy behind Italians, what about jailed Keralites abroad?

Since February, three Italian ministers have come to express solidarity with two of their marines who are cooling their heels in a prison here after shooting dead two Indian fishermen off the Kerala coast. The Italian foreign minister, his deputy and the defence minister are among those who  


  News Pick

76 percent RTE violations remain unresolved

Two years after the government's flagship education programme came into force, its monitoring body has not been able to resolve as much as 76 percent  

With RS horse trading reports, Jharkhand in news for wrong reasons

The mineral-rich state of Jharkhand has again hit the national headlines -- for the wrong reasons. Perhaps for the first time, the Election Commission of India has recommended to 

16 Chinese websites closed, six detained for spreading rumours

Chinese authorities closed 16 websites and detained six people responsible for "fabricating or disseminating online rumors," the State Internet Information Office (SIIO) and Beijing police said Friday. The websites  


Picture of the Day

Prime Minister Dr. Manmohan Singh meeting Prime Minister of the Republic of Turkey Recep Tayyip Erdogan on the sidelines of the Nuclear Security Summit, in Seoul on March 27, 2012.

(Photo: Shivraj)



RSS  |  Contact us


| Quick links



Subscribe to

Ummid Assistant



Science & Technology



About us




Government Schemes










Contact us




    Disclaimer | Terms of Use | Advertise with us | Link Exchange is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

2010 Awaz Multimedia & Publications. All rights reserved.