The UPA govt seems to signal that it won’t abandon its populist agenda, may temper its spendthrift ambitions to mollify ratings agencies
On Monday evening, India’s finance minister P. Chidambaram chose an unconventional strategy to hard-sell the Union Budget. He took questions from citizens on Google Hangout. Chidambaram’s enthusiasm for new communication tools to discuss the budget is commendable. Yet, that can scarcely mask his reliance on stale ideas and conventional UPA (United Progressive Alliance) tactics in framing the Union budget itself.