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Interim Budget 2019: India doesn't need bold steps; avoid populist spending

All prime ministers before him have respected the tradition of treating the last budget before elections as just a way to keep the government going for a few months. Modi should too

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Mihir S Sharma | Bloomberg

Last Updated : Jan 30 2019 | 1:22 PM IST

On Feb. 1 in India, Prime Minister Narendra Modi’s government will present its last federal budget before general elections are held in a few months. Unlike most other budgets, this typically isn’t a high-octane affair; governments are discouraged from locking their successors into any new spending or taxes. An “interim” budget, as it’s called, tries to avoid committing spending for the entire financial year, which begins from April.

But, Modi’s finance minister seems ready to break with that requirement. Politicians from India’s ruling Bharatiya Janata Party insist that there’s no legal requirement to present just a vote-on-account. And the reason’s

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