Therefore, we are not able to undertatke investment opportunities and investment potential is declining because of the shrinking of resources from other countries. Secondly, the banking system is not able to cope with this increasing demand for finances or the investment fund for the country, but by using our monetary policy, the RBI has used its instruments of Statutory Liquidity Ratio and Cash Reserve Ration very ably had been able to manage the liquidity situation. This Budget also, through its fiscal instruments, has been able to do some kind of stimulus to the economy by spending, deficit spending on the Indian economy. This is not something new which the people were saying about. Even in 1929 when the whole world economy was facing depression, it was John Lord Maynar Keynes, the greatest economist of the 20th century in the world, who propounded the concept of Pump Priming. When the purchasing power in the hands of the people was not there and the economy was facing unemployment, there was surplus stock and the people were pouring the surplus stock into the sea because the people did not have the purchasing power. The Interim Budget is only an extension of that imaginative fiscal policy and that is why, it has provided for various schemes under which a large amount of money is pumped into the Indian economy. Perhaps when the same Government comes next time after May elections, they will be able to bring more growth impulses into the economy. Therefore, the Interim Budget is prepared today in the context of an extraordinary situation of stagnation and growth, and thanks to the efforts of the Prime Minister who himself happens to be an expert in economics and a person who has understood the reality of the Indian economic situation.
