Budget Analysis

Budget 2012: Thank you, Pranab-da, for not doing something worse...

Pranab misses his Big Bang moment, plays realist instead by making the right noises, and tinkering on some areas, Mukherjee has avoided any major negative backlash from markets and India Inc<br /><br /> <br /><br />

The end of budget as defining document

The budget this year has been reduced to an accounting statement with no roadmaps on how it is going to achieve its various goals, says Raghav Bahl.

Tinkerer Pranab has missed the bus - so what's new?

Pranab Mukherjee's seventh budget has missed an opportunity to fix things. He is getting more revenue, but his expenditure side holes remain

Budget 2012: Do we need a 1990s crisis to shock us into reforms?

Individuals who earn Rs 100 and spend Rs 150 won't usually get even a credit card. But India's profligate government thinks it will get by.

Budget 2012: Why not withdraw tax breaks to companies?

The size of revenue forgone through tax breaks is twice as big as the subsidy bill. Isn't this the place to start fixing the fiscal deficit?