Press Esc to close
Saturday 13 February 2016
News updated at 9:56 AM IST
Weather
Max: 32°C
Min : 19°C
In Bengaluru
Partially cloudy

Chidambaram invokes poets, scholars in Budget speech

New Delhi, Feb 28, 2013 (PTI)

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.


Go to Top

Photo Gallery
Actress Priyanka Upendra  after inaugurating three days wedding essentials collection...

Actress Priyanka Upendra after inaugurating three days wedding essentials collection...

A woman holds the hand of a boy as they cross a temporary bridge made of bamboo on a canal...

A woman holds the hand of a boy as they cross a temporary bridge made of bamboo on a canal...

NSUI Workers pay tribute candle light tribute to Siachen soldier Lance Naik Hanamanthappa ...

NSUI Workers pay tribute candle light tribute to Siachen soldier Lance Naik Hanamanthappa ...

Sand artist Sudarsan Pattnaik pays tribute to Lance Naik Hanumanthappa Koppad...

Sand artist Sudarsan Pattnaik pays tribute to Lance Naik Hanumanthappa Koppad...

Narendra Modi shakes hands with Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi...

Narendra Modi shakes hands with Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi...

Gold medalist Neeraj Kumar, silver medalist Gurpeet Singh and bronze medalist Mahender Singh...

Gold medalist Neeraj Kumar, silver medalist Gurpeet Singh and bronze medalist Mahender Singh...

Kavita Raut and Niotendra Singh Rawat of India shake hands during the 12th South Asian games 2016...

Kavita Raut and Niotendra Singh Rawat of India shake hands during the 12th South Asian games 2016...

Women Indian hockey players (blue )celebrate after scoring a goal against Srilanka (red ) during...

Women Indian hockey players (blue )celebrate after scoring a goal against Srilanka (red ) during...

Women hockey final match played between India(blue ) and Srilanka (red ) during the 12th South...

Women hockey final match played between India(blue ) and Srilanka (red ) during the 12th South...

Indian shooter, Chain Singh celebrates after winning gold medal in the 10m Air Rifle Men's final...

Indian shooter, Chain Singh celebrates after winning gold medal in the 10m Air Rifle Men's final...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523