NEW DELHI- Significance of the Coming Budget

NEW DELHI Significance of the Coming Budget B M IT is not wise to speculate about the budget for 1976-77 which is in the final stages of its preparation for presentation to Parliament three weeks hence. But certain hints have been dropped by- people in high positions which attract attention. They indicate the approach and outlook which is bound to impinge on budget-making. This is all the more so because it is now fairly well known that the coming budget, as traditionally understood, will not be the Finance Minister's or even the Finance Ministry's budget. The Finance Minister and the Finance Ministry are now bereft of the and of initiative and powers which are required for any such enterprise. The processes of decision-making lie elsewhere.