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‘Interim’ only in name, an Election Budget in offing; may leave a massive burden for next govt

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‘Interim’ only in name, an Election Budget in offing; may leave a massive burden for next govt

[vc_row][vc_column][vc_column_text]What many have been speculating has been given added credence by Finance Minister Arun Jaitley: that the interim budget – an outgoing government presents only a vote on account rather than a full-fledged budget – would be much more than that.

It would be an Election Budget and it may make the previous budgets under Narendra Modi government look like interim budgets. The measures planned by the government are likely to leave the successor government with a bill of over Rs 1 lakh crore, according to a report in The Economic Times (ET).

Speaking at CNBC-TV18’s Indian Business Leader Awards on Thursday, Jan 17, Jaitley, via video conference, said the government could break with convention and make the February 1 exercise more significant than a vote on account.

There is speculation that the government is studying various options, including a cash handout for farmers, to ease their distress and to shore up popular support before the national election that’s due by May. The government has already exceeded its budget deficit targets in October.

Jaitley, while dismissing fears that he is under pressure to present a populist budget after the recent election debacle in three states and ahead of general elections in April-May, ended up confirming the government’s worry and nervousness.

Jaitley said: “The NDA (National Democratic Alliance) government had been in this game for far too long to have nervousness about the budget. We are confident and proud of our performance over the last five years. The NDA government has succeeded in restoring the credibility of the economy and its decision making process over last few years”

In a regime that tends to equate ‘nation’ and ‘nationalism’ with itself, Jaitley said, “Convention has always been that election year Budget is an interim Budget. The larger interest of the nation dictates what will be a part of the interim Budget.”

“If we look at the big picture there have been successes that we have seen in the last few years. There have also been challenges. Therefore, without getting into the specifics, because that would really be disclosing the mind with which we are working, some of those challenges cannot afford to wait,” Jaitley said.

The government has recently announced a series of measures to try to win over farmers, small business owners and the less well-off, after the BJP suffered setbacks in state elections and with a general election due in months.

The measures are likely to be a drain on finances when Modi government is trying to stick to a decade-low fiscal deficit target of 3.3 per cent of the gross domestic product (GDP).

It has, however, promised even more perks ahead of the general election due by May.

“They will be for development, they will be for transformation,” Union Law Minister Ravi Shankar Prasad had said in Parliament, saying people should more “sixes during the slog overs”. Translated, it means more inducements for the electorate when elections are near.

Media reports suggest that the Centre is considering various options to address the agricultural distress in the country, one of them is cash handout for farmers. The deliberation over this began after the BJP was voted out in three key state elections in December.

If the government is planning to extend any relief to the farmers, it will impact India’s fiscal deficit which has already reached 114.8 percent of the budgeted target in November. Experts say that the government may not be able to stick to its deficit target this year.

In recent weeks, there has also been buzz of tax cuts for the middle class and other measures in the government’s economic statement ahead of Lok Sabha polls.

The FM said that the government will try to stick to its path of fiscal prudence, but he also added that in “unusual situations”, a deviation from the fiscal consolidation path might be required, which was understood by the markets and analysts.

Talking about the urgent need to uplift the farm sector, Jaitley said, “Whether it is a situation like a natural calamity or a drought or stress in a particular sector — these are all areas which cannot be considered any kind of populist expenditure. Markets will never understand if you act for the sake of populism,” he said. “But if it is in the larger interest because of a compelling situation that develops, I think then it is a rational, logical thing, which markets will also understand,” he added.

Asked on a reduction in interest rates amid slowing inflation, Jaitley suggested there was need for RBI to pare policy rates without making an explicit comment. “We can’t have real interest rates (after budgeting for inflation) higher than anywhere in the world,” he said, adding that the central bank has begun consultations with stakeholders.

What Jaitley said needs to be seen in context of statements of Ravi Shankar Prasad and some others, and the Modi government may make a short-term gain politically but may be disastrous for the economy.

A report in the ET said the vote-catching measures planned by Modi as he braces for a difficult general election may cost more than Rs 1 lakh crore which would have to be borne by the government that will take charge after the election due by May.

The spending is also likely to delay plans to reduce the government’s budget deficit, a key indicator of the nation’s economic health.

Jaitley talked of the need for fiscal prudence but kept an escape route open for “unusual situations”. The BJP’s economic affairs spokesman, Gopal Krishna Agarwal, told Reuters this week that the party does not consider the finance ministry’s plan to keep the fiscal deficit to 3.3 percent of gross domestic product in the current April-March fiscal year as “sacrosanct”.

“Addressing farmer distress is the most important thing,” Agarwal told Reuters. “You need an expansionary policy. You chase growth in the economy, you do not chase these parameters like fiscal deficit.”[/vc_column_text][/vc_column][/vc_row]

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Nagaland Assembly urges Centre to withdraw Protected Area Permit regime

Nagaland Assembly unanimously passed a resolution urging the Centre to withdraw the Protected Area Permit regime, citing concerns over tourism, investment and international engagement.

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The Nagaland Legislative Assembly has unanimously passed a resolution urging the Centre to withdraw the Protected Area Permit (PAP) regime in the state, arguing that the restrictions are affecting tourism, investment, international engagement and economic opportunities.

The resolution was moved by Deputy Chief Minister and Home Minister Yanthungo Patton and was adopted through a voice vote.

PAP regime was reimposed in 2024

The Protected Area Permit regulates the entry of foreign nationals into notified areas. The regime had been relaxed in Nagaland in 2011 but was reimposed on December 17, 2024.

During the Assembly discussion, Patton said Nagaland had emerged as a peaceful destination for tourism, culture, investment, entrepreneurship and international engagement. He said these sectors were increasingly contributing to employment and livelihood opportunities, particularly for young people.

The resolution also highlighted events and initiatives such as the Hornbill Festival and the “Land of Festivals” initiative, saying they had helped showcase Nagaland and India’s cultural diversity internationally while generating economic opportunities for local communities and entrepreneurs.

Assembly links PAP restrictions to economic concerns

The state government argued that the return of the PAP regime has complicated efforts to expand international tourism, business and investment.

The Assembly resolution said the regime was creating difficulties for international tourism, business and investment, along with cultural exchanges and overseas partnerships.

However, the state maintained that relaxing the permit regime would not mean compromising national security.

The resolution assured the Centre that foreign nationals could continue to be registered, regulated and monitored through technology-based and institutional mechanisms in coordination with central agencies.

Neiphiu Rio backs review of PAP regime

Chief Minister Neiphiu Rio also participated in the debate along with Tourism and Higher Education Minister Temjen Imna Along, Industries and Commerce Advisor Hekani Jakhalu and MLA Naiba Konyak.

The legislators maintained that Nagaland’s present circumstances warranted a different approach, stressing that the state was peaceful and seeking greater opportunities in tourism, investment and other sectors.

Rio linked the demand to Nagaland’s economic aspirations and the need to create more opportunities for young people while maintaining the state’s commitment to national security.

“Security and development can go together,” Rio said.

The resolution further argued that regulations that have outlived their developmental relevance should not become barriers to employment, economic activity and Nagaland’s participation in the wider national and global economy.

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Mayawati says Akash Anand needs more maturity, rules out major BSP role

BSP chief Mayawati says nephew Akash Anand needs greater political maturity before taking on a major responsibility in the party.

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Akash Anand

Bahujan Samaj Party (BSP) chief Mayawati on Thursday said her nephew Akash Anand needs to gain greater political maturity before he can be entrusted with any major responsibility in the party.

Addressing a national-level meeting of BSP office-bearers, Mayawati said she had allowed Akash Anand to continue working within the organisation but felt that he was not yet ready to handle a significant party responsibility.

“I have allowed Akash Anand to work in the party, which is before all of you, but Akash Anand still needs to become more mature. Till then, it would not be appropriate to give him a major responsibility in the party,” Mayawati said.

Mayawati also made it clear that Akash Anand, who is the BSP’s national coordinator, would continue working in the party. However, he will not be entrusted with any major responsibility for the time being.

Mayawati refers to Kanshi Ram’s principles

Explaining her position, Mayawati referred to the principles of BSP founder Kanshi Ram.

She said Kanshi Ram had permitted members of his family and other relatives to assist with party work, but was against giving them election tickets or positions after the party came to power.

Mayawati said she was also committed to following that principle. According to her, maintaining this approach was important to protect the BSP from tactics allegedly employed by political opponents during elections.

BSP to contest elections alone

During the meeting, Mayawati also announced a major political decision concerning the BSP’s electoral strategy.

She said the party had decided to contest all elections across the country on its own, irrespective of whether they were small or major elections.

Targeting the Congress, Mayawati described it as a “strongly anti-Dalit and anti-Ambedkar” party and said the BSP would therefore fight elections independently rather than depend on other parties.

The decision was announced as Mayawati reviewed the BSP’s organisational work and discussed shortcomings with party office-bearers.

She instructed leaders at different levels to implement the party’s annual organisational activities with complete honesty and dedication.

Mayawati attacks RSS over minority rights

Mayawati also criticised the Rashtriya Swayamsevak Sangh (RSS), referring to comments made by its chief Mohan Bhagwat during his recent visit to the United States.

Bhagwat had said that a Hindu who believes there should be no Muslims in Bharat would not remain a Hindu. He had also spoken about Hindu philosophy accepting that different faiths can lead to the same truth and emphasised the idea of unity in diversity.

Mayawati, however, said there was a significant difference between the RSS’s statements and its actions.

She argued that the organisation lacked credibility when it came to issues concerning the interests and welfare of the Bahujan Samaj, reservation as a constitutional right, and the safety, dignity and religious freedom of women, Muslims and other religious minorities.

She further said that despite its long existence, the RSS had not received the recognition and respect it sought.

Mayawati invokes Ambedkar’s Constitution

The BSP chief also challenged the RSS to demonstrate its commitment to the Constitution drafted under the leadership of Babasaheb Dr Bhimrao Ambedkar.

Mayawati said that if the RSS genuinely had faith in a humanitarian, welfare-oriented and egalitarian Constitution, it should follow its principles honestly and ensure that its members did the same.

BSP reiterates focus on Bahujan Samaj

At the national meeting, Mayawati reviewed the BSP’s organisational activities, assessed its shortcomings and gave directions to office-bearers regarding the party’s future work.

She reiterated that protecting the interests of the Bahujan Samaj and bringing exploited and deprived sections to political power remained the BSP’s central mission.

Mayawati maintained that achieving political power was necessary for the party to fulfil these objectives.

Her latest remarks on Akash Anand indicate that while her nephew will remain associated with the BSP and continue working for the organisation, he will not receive a major party responsibility until she believes he has attained the required political maturity.

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Raghav Chadha marked as shifted in Punjab draft voter rolls, alleges AAP vendetta

Raghav Chadha has alleged political vendetta after his name was marked “shifted” in Punjab’s draft electoral rolls during the SIR exercise.

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Raghav Chadha

BJP Rajya Sabha MP Raghav Chadha has raised questions after his name was marked as “shifted” in Punjab’s draft electoral rolls prepared during the Special Intensive Revision (SIR) of voter lists.

Chadha, who remains a Rajya Sabha member from Punjab and has his voter registration in Mohali, alleged that the classification was not a routine clerical error and accused the Aam Aadmi Party-led Punjab government of political vendetta.

The electoral rolls currently under discussion are draft lists, with the final rolls scheduled to be published in October 2026.

Raghav Chadha questions voter list classification

Chadha said he was surprised to find his name classified as “shifted” despite being a sitting MP from Punjab.

He questioned how such a classification was made and pointed to the involvement of officials at different stages of the electoral roll revision process. According to Chadha, Booth Level Officers, Assistant Electoral Registration Officers, Electoral Registration Officers and District Election Officers are part of the process.

He alleged that these officials could potentially face political pressure because their transfers and postings are controlled by the state government.

Chadha also referred to Paragraph 4(d) of the Election Commission of India’s SIR guidelines. He said the provision requires public representatives, including MPs and MLAs, whose names are flagged in the electoral database to be included in the draft rolls so that they can participate in the claims and objections process.

He alleged that this provision was not followed in his case.

Punjab CEO seeks report on Chadha’s voter status

Punjab Chief Electoral Officer Anindita Mitra told that she was not aware of any deletion of Chadha’s name from the electoral rolls.

She said a detailed report would be sought from the district election authorities to determine whether his name had actually been deleted and, if so, the reason for the action.

Mitra also pointed out that the claims and objections process is currently underway. September 13 is the deadline for filing appeals over changes or discrepancies in the electoral rolls.

AAP rejects political vendetta allegation

The controversy has also drawn a response from the Aam Aadmi Party.

AAP leader Neel Garg rejected Chadha’s allegation, saying the party had no interest in deleting the vote of any individual. He instead alleged that the issue was being raised by the BJP and referred to the SIR exercises in Bihar and West Bengal.

Chadha joined the BJP in April 2026 along with six other AAP Rajya Sabha MPs.

The dispute comes as Punjab’s electoral rolls undergo revision ahead of the 2027 Assembly elections. Since the claims and objections process is still open, the status of Chadha’s name is subject to the ongoing electoral process.

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