rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Budget 2013 speech gets modern on quotes; Stiglitz finds mention

Budget 2013 speech gets modern on quotes; Stiglitz finds mention

Last updated on: February 28, 2013 14:48 IST

Budget speech gets modern on quotes; Stiglitz finds mention

     Next

Next

In a marked shift from quoting words of ancient Indian economist Kautilya and Shakespeare by earlier Finance Ministers, P Chidambaram chose to quote from the contemporary economist Joseph Stiglitz in his Union Budget proposals on Thursday.

Presenting the Union Budget for 2013-14 in Parliament, Finance Minister P Chidambaram also quoted his favourite poet Tiruvalluvar towards the end of his Budget speech after referring to Stiglitz in the beginning.

"There is a compelling moral case for equity; but it is also necessary if there is to be sustained growth.

Click NEXT to read further. . .

Union Budget, as it unfolded on February 28

Complete coverage: Union Budget 2013-14

Budget Impact Live!


Image: The Parliament.
Photographs: Reuters
Tags:

     Next

Budget 2013 speech gets modern on quotes; Stiglitz finds mention

Prev     Next
Prev

Next

"A country's most important resource is its people," Chidambaram quoted Nobel prize-winning economist Stiglitz as saying, while stressing on the need for inclusive economic growth.

Just before ending his speech, Chidambaram said the government's work would be seen in its action and quoted his favourite poet, Saint Tiruvalluvar: "What clearly eye discerns

as right, with steadfast will. And mind unslumbering, that should man fulfil".

Chidambaram, who presented his eighth Union Budget on Thursday, has quoted Tiruvalluvar in the past too, while many of his predecessors in the Finance Ministry have quite often quoted Kautilya in their budget speeches.

Click NEXT to read further. . .

Union Budget, as it unfolded on February 28

Complete coverage: Union Budget 2013-14

Budget Impact Live!


Image: P Chidambaram
Photographs: Reuters
Tags:

Prev     Next

Budget 2013 speech gets modern on quotes; Stiglitz finds mention

Prev     More
Prev

More

"I must be cruel only to be kind," then Finance Minister Pranab Mukherjee had quoted Hamlet, Prince of Denmark, from Shakespeare's famous play, while delivering his budget speech last year.

"Mukherjee was talking about tough policy decisions he needed to take for the good of economy in the long run.

In the past, Mukherjee has quoted Kautilya's Arth Shashtra, an ancient Indian treatise and still a masterpiece on rules of economics, during his annual budget speech for

2009-10, interim budget in July 2009, as also while reading out budget proposals for the fiscal year 1984-85.

Kautilya, widely known as pioneer of economics in India, was also quoted by Yashwant Sinha in 1999-2000 as the then Finance Minister in the NDA government.

Kautilya was prime minister in court of King Chandragupta Maurya, a contemporary to Alexander, in fourth century BC.

Union Budget, as it unfolded on February 28

Complete coverage: Union Budget 2013-14

Budget Impact Live!


Image: P Chidambaram
Photographs: Reuters
Tags:

Prev     More
© Copyright 2014 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.