Union finance minister Pranab Mukherjee will present the Centre's budget for the year 2012-13 at a time when economic growth has nosedived to 6.1 per cent from a high of 9.3 per cent in the first quarter of 2010-2011. This year's budget, to be presented after the election results of the five poll-bound states are announced, happens to mark 20 years of economic liberalisation. It was in 1991-92 that the Congress government initiated structural economic reforms on the directions of IMF. At that time, Down To Earth had invited ...
By Subrat Das, Posted on: 03 March 2012
Will the first budget of the 12th Five-Year Plan make a serious effort to plug loopholes in revenue collection and increase spending on social welfare?
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