Vantage point

Sunday, July 05, 2009

Budget Day in India leads to a funny observations

In the United States, issues like tax rates, spending, budget deficit etc. and other budget-related points are a BIG deal in terms of their being election issues. But the actual federal budget presentation hardly gets any news coverage.

On the other hand, in India, no one can make spending cuts, tax rates or deficit reduction an election issue. And yet we treat the day, on which our federal government announces is budget, like some big national festival!

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