Between two Finance Ministers, a Book Launch Nearly Gives In To Budget Talk
New Delhi, Nov. 7: For a fair while it was tough to make out if the evening was about a hot-off-the-press bestseller or about superannuated or future budgets.
Between an incumbent finance minister and his immediate predecessor and adversary, the launch of Rajdeep Sardesai’s 2014 The Election that Changed India (Penguin Viking, Rs 599) became a dour policy duel rather than a soiree of political spice that lies liberally stuffed between the covers.
P. Chidambaram challenged Arun Jaitley to have the courage to scrap the controversial retrospective tax proposals with the comfortable parliamentary majority his government enjoys; Jaitley appeared the meeker to the task, suggesting he expected the outgoing UPA to have “cleaned up the mess” before departing from power.
“I feel let down, if I enjoyed such a majority as you, I would have repealed the retrospective tax,” was how Chidambaram cast his dare to Jaitley. “And I sincerely hope you do that in your next budget, that you will scrap it.” Continue reading