Some Budgets that became blueprints for institutional change
The Times Of India·2026-01-17 16:00
NEW DELHI: The From The performance principle: Pranab Mukherjee (1983-84) — When grants met accountabilityOn February 28, 1983, Finance Minister Pranab Mukherjee stood before Parliament and announced what he called "the somewhat unconventional step" of allocating Rs 300 crore to states based not on population or political negotiation, but on measured performance in implementing specific programmes."Another Rs 125 crore would be distributed among the States on the basis of their performance in implementing p ...