It is imperative that Prime Minister Narendra Modi step in to ensure that the budget that will get presented on February 29 be of a post-colonial mould, with lower taxes and more incentives for innovation rather than Chidambaram's growth-deadening focus on raising of revenue to pay for inflated costs and salaries that reversed the direction of growth in India, a malaise that is now visible in full view, and which only the intervention of Narendra Modi can ensure.