The Union Budget speech does reflect the idiom “the good [god] is in the detail.” (“ >The good is in the detail ,” July 14). It is only on a close reading of the budget that one gets a gist of the visualisation of a bright road ahead of us and in terms of socio-economic development. One waits to see whether the new government has the capability to bring these ideas to life.
Harish T.,
Coimbatore
It is heartening to know that the government is looking to address the needs of the small entrepreneur. Many years ago, Prime Minister Indira Gandhi had instituted a scheme to provide easy loans for this section. One can explain the fact that there are a number of OBCs, STs and SCs in this sector as they cannot get any job in the formal sector. By addressing the needs of the small businessman, the BJP government will even earn the gratitude of the Muslim community as many of them are in SMEs.
Gita Kavarana,
Coimbatore
The massive workforce in the unorganised sector indicates the sheer potential of the sector. If manufacturing is the growth engine, then MSME is the fuel. The introduction of quality control mechanisms will help this sector.
Ankit,
Sonbhadra, Uttar Pradesh
How does the importance of SMEs and the Finance Minister exploring avenues to better finance it even qualify to be a part of a budget? Does it involve raising revenues or authorising expenditure? It is unfortunate that non-budgetary issues are often incorporated in a budget speech, while the truly impactful (if any) are left to be mined from other budget documents. In the present case, the fact that a non-budgetary announcement has to be propped up as the good in the budget, in itself speaks volumes. Viewing this announcement as a “game changer” appears to be more a sympathetic reading of the budget.
P.R. Renganath,
Chennai
