| Budget Reflections (2005) | |||||||||
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| The annual budget is presented invariably on 28 February, a date that coincides with National Science Day, which celebrates C. V. Raman's historic discovery of the effect which bears his name. Science is inevitably overshadowed, the morning after, when the press pronounces whether the budget was a dream or a nightmare. Economists appear on our TV screens, often repeating whatever they had said in previous years. The Sensex moves up or down, a measure of approval or disapproval of the Finance Minister's complex act of juggling the figures. For a brief moment everyone is alerted to the perils of excessive government spending and the need for fiscal responsibility. | |||||||||
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