My Talk on Union Budget Making and Implementation: Public policy Perspective: Dr P.V. Raghavan Endowment Lecture
On last Saturday i.e. 30.01.2021, I was invited to deliver the Prof Dr P V Raghavan Endowment Lecture on "Union Budget Making Process and Implementations in India: Public Policy Perspective", organised by Department of Economics, D G Vaishnav College, Chennai.
I was humbled by the presence of Prof.P.V Raghavan, who is now aged above 80s but was keen to participate in the event. He was Extremely inspiring teacher of economics especially micro economics.
The Union Budget is a important policy document of the government but how it is prepared to address various sectors issues and challenges are something unknown. There is seems to be missing some institutional framework system for stages of budget making process with some fair amount of transparency and accountability on decisions.
Moreover, the regulators and implementer of the budget announcements were always find clueless practically.
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