Union budget 2005-06: promises and prospects

Abstract

The Union Budgets are traditionally surrounded by hype, debate, and controversies. This year’s Budget has been no different. Presented in the backdrop of favourable macro-economic conditions, a sound business environment, a booming capital market, and a relatively stable political scenario, it drew a lot of expectations from all quarters. This issue’s Colloquium is a post-mortem of the Budget, 2005-06 by an eminent panel of analysts. While highlighting the broad tenets of the Budget, they put across their views on the positives and the negatives and discuss their implications.