What the FM must do

P Chidambaram must be a worried man. A week from now he will present a Budget that is expected to revive growth, contain inflation and reduce the current account deficit. All this in a political environment in which party colleagues are demanding a pre-election tax bonanza for the middle classes and more welfare giveaways. Some of the balls that he has to juggle are bound to slip from his grasp, and the real test is what he allows to fall and what he chooses to protect.

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