If Finance Minister P Chidambaram thinks he has been able to meet the aspirations of the youth through his Budget 2013-14, he may have miscalculated their expectations.
‘Superficial’, ‘tepid’, ‘unimpressive’… are what the youth calling the Budget.
Shreya Bhattacharya, M.Phil student at IGIDR, Mumbai, says that while it is commendable that Chidambaram has managed to keep the fiscal deficit at 5.2 per cent of GDP, she thinks his estimate of the fiscal deficit for the next year is very optimistic, given the high inflation and the declining savings.
“The Budget was disappointing when it came to social sector schemes as no evaluation mechanism was suggested. Also, the proposal for opening a PSU bank for women is absurd. Overall, it has been a tepid Budget,” she says.
Ketaki Sharma, content writer for an online portal, does not believe that the Nirbhaya scheme will be beneficial. Grand schemes, such as the Nirbhaya fund and all-women bank, won't work, she says.