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100			_a Lalvani, Mala and Karnik, Ajit _960349
245			_aAre Kartavyas any different from ‘priorities’ of 2025–26?
260			_aEconomic & Political Weekly
300			_a61(15), Apr 11, 2026: p.13-18
520			_aDespite apprehensions about deficit targets, the finance minister sprung a surprise in adhering to the targets for 2025–26. We examine how this was achieved and find that many kinds of expenditures had to be compressed. A new set of ideas, labelled as kartavyas (duties), was presented in the Union Budget 2026–27. The seven priorities of the previous budget have been consigned to the past and are ignored in the budget speech of 2026–27. Given the lower projected tax revenue/GDP ratio for 2026–27, and the excessive dependence on the surplus from RBI and other financial institutions, it would not be surprising if the kartavyas meet the same fate of cutbacks, as happened in the case of the “seven priorities” of the previous budget. –Reproduced https://www.epw.in/journal/2026/15/budget-2026-27/are-kartavyas-any-different-priorities-2025-26.html
773			_aEconomic & Political Weekly
942			_cAR