Union Budget 2022-23 has been received well and caters to almost all sections of society. Can you please give us a sense of the process that had gone into this exercise?
On 1 February Hon’ble Finance Minister Nirmala Sitharaman Ji presented the budget in the Lok Sabha. The budget used to previously be brought to the Lok Sabha in a leather bag, but that tradition was discarded by the Finance Minister, and she published the budget digitally, using an Indianmade tab. She took this bold step in 2019 and has been presenting the budget digitally since then.
Before the presentation of the budget, usually, the entire team gets together and distributes sweets at the Halwa ceremony. This year, due to the Covid-19 pandemic, that system was ruled out, but the budget-making team had a discussion, and we went to the Hon’ble President and met him. The Finance Minister discussed the budget and took permission from him. We then went to the Cabinet meeting, and after that, presented the budget. This is the system of presenting the budget, by first completing all the formalities.
Who were the stakeholders you had in mind for this year’s budget, and what went behind the scenes on who it impacts and why. Also, the budget came 21 months after the onset of the pandemic, and just before some Assembly elections. Even so, it was shorn of populism. What was the thought process that inspired the budget?
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Is Leadership Without Hierarchies Possible?
LEADERSHIP IN THE current era is more challenging than ever before.
The Rise and Evolution of Coffee Culture in India
AS A BANGALORE native, South Indian filter ‘Kaapi’ has always been a significant part of our tradition.
The Daily Ground Goes Desi
Success in Tier-2 and Tier-3 cities hinges on several key factors, with one of the most important being the ability to offer high-quality products at an accessible price point
Cracking The Indian Code
TARUN JAIN, CEO of Tim Hortons India believes in creating an experience at cafes by blending global quality, local flavours and affordability
Making Coffee the New Chai in India
Affordable, great-tasting coffee made fast-abCoffee is reshaping how India drinks coffee
Scripting A New Era Of Coffee In India
From a bootstrapped startup to international expansion, NOTHING BEFORE COFFEE is brewing its way to the top by challenging the giants of the coffee industry with innovation, personalisation, and sustainability
"Driven By A Younger Demographic, Coffee Culture Is On The Upswing"
SUNIL D'SOUZA, Managing Director and CEO of Tata Consumer Products, discusses the company's strategic growth in India's booming coffee market, focusing on premiumisation, innovation, and expanding consumer experiences both at home and in cafés, in this exclusive conversation with BW Businessworld's Tarannum Manjul
Fresh Brew, Big Ambitions
From startups to stores, Beanly's Samayesh Khanna and Rahul Jain elevate India's coffee culture by making freshly brewed coffee a daily delight
"On Track To Become India's Top Café Chain"
In an exclusive interview, RAJAT AGRAWAL, CEO of Barista Coffee, shared insights on the company's current market position, expansion strategies, and its response to growing competition
"Ensuring A Seamless Coffee Experience Outside The Cafe Is The Next Big Thing To Watch Out For"
In an exclusive conversation with BW Businessworld's Resham Suhail, Third Wave Coffee CEO RAJAT LUTHRA and its Co-founder AYUSH BATHWAL delve on how they are navigating the competitive landscape, going beyond retail and tapping changing consumer preferences