00839pab a2200145 454500008004000000100002000040245004500060260000900105300001600114362001000130520048900140650001900629650001100648773003400659180718b2007   xxu||||| |||| 00| 0 eng d  aNayak, Pulin B.  aDebt draughtsmanship sans broader vision  c2007  ap.1257-259.  a7 Apr  aBy not paying attention to the wish lists of business and industry groups, P. Chidambaram has done the right thing. The measures related to tax reform in Budget 2007 are the correct ones, but fiscal consolidation is being achieved by compression of capital expenditure. The recent tragedies of Nandigram and Dantewada are symptoms of a developmental process that has gone horribly wrong and there is a need for a new vision of development. Time, however, is running out. - Reproduced.  aBudget - India  aBudget  aEconomic and Political Weekly