ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Some Proposals for the Union Budget for 1977-78

leaders were concerned Congress interests were national interests. For them, Congress was a party with a mass base which was trying to bring into effect the Gandhian programme of national reconstruction. Misra goes on to condemn the Congress for being 'hungry for power'' One wonders what he considers the business of a political party to be! After two centuries of British exploitation it was not, only the Congress but the Indian nation which was hungry for power. Misra has failed to understand the rationale of the Congress movement, and by trying to pin it down as the party of the upper middle classes makes some bad misjudgments about modern Indian history.

Loose Ends in the Budget

Loose Ends in the Budget M R Nair The budget for 1976-77 Seeks to step the Plan provision from 32.3 per cent of the centre's aggregate disbursements as in 1975-76 (revised estimates) to 367 per cent. This presumes a tight reining in of non-Plan expenditure which may not be actually achieved. The allocations for defence, general services and non-Plan loans to states, to mention only three heads, appear to be insufficient and, therefore, are likely to be exceeded. If Plan outlay is nevertheless retained intact, the result may be a much larger deficit than envisaged in the budget.

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