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Arun Jaitley's next Budget

In short, the next Budget may not just be a pre-election exercise

Bags for the milkman to drop in milk pouches hang on the gate of a residential complex during a nationwide lockdown to control the spread of the coronavirus, in Mumbai on Sunday.
Bags for the milkman to drop in milk pouches hang on the gate of a residential complex during a nationwide lockdown to control the spread of the coronavirus, in Mumbai on Sunday.

The Union Budget for 2017-18, which Finance Minister Arun Jaitley presented on February 1, had introduced three new features. One, it advanced the presentation of the Budget by about a month. Two, it abolished the distinction between Plan expenditure and Non-Plan expenditure. And three it subsumed the Railway Budget, obviating the need for the railway minister to deliver a separate speech. No Budget in recent years has introduced as many innovations in a single year’s annual financial statement as Mr Jaitley has done. But what has been the outcome of these three ...