Budgets 2015–16 and 2016–17)—

(i) Now, the government believes in doing all needful welfare works with a more performance-oriented policy framework. Rationalising the subsidy regime is an important part of the policy (with the help of Aadhar- enabled technology platform, the DBT).

(ii) On the other hand, the government is trying to tweak all possible options to enhance the ‘ease of doing business’ in the economy—so that the business and industry are able to realise their full potential.

This new stance in the fiscal framework has been termed by the government as ‘pro-poor and pro-corporate’. Basically, to do welfare, the government needs revenues—in this backdrop the changed stance looks quite suitable.