recent years, the media has created a lot of hype about
the UPA government's budgets, stating that these are
examples of ''reforms with human face''. This government
assumed power on May 22, 2004, with the support of the
Left parties, and was expected to bring about major
changes in the economic policies in favour of the poor.
The question which naturally arises is whether these
expectations are fulfilled or whether this government
too is framing policies favourable to the richer segments
of the population. This paper attempts to find an answer
to this question by analyzing the recent budget and
the two previous ones presented by Mr. P Chidambaram,
the Finance Minister.