Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

Will the present budget lay foundation for higher growth? Your views?

Asked by Good Citizen, 01 Mar '10 05:06 pm
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (6)

 
1.

"Short term pains for long term growth". That moreorless summarises the Finance Minister's budgetary exercise for fiscal 2010-2011. There is the recognition that a sound and prudent fiscal management- with the deficits under control (fiscal deficit down to 5.5% next year) and subject to gradual and targeted reduction over the medium term- has provided an enabling enviornment for the move onto a high growth trajectory. The UPA govt's flagship The Mahatma Gandhi National Rural Employment Guarantee Scheme has been alloted Rs.40100 crore and the Bharat Nirman Programme of building rural infrastructure Rs.48000 crire. In addition the allocation for health and housing have been increased. The budget focuses on fiscal prudence to sustain growth and for this a Financial stability and Development Council will exercise macro prudential supervision over the economy.
Answered by thampy chacko, 02 Mar '10 09:11 pm

 
  
Report abuse
Useful
 (2)
Not Useful
 (0)
Your vote on this answer has already been received
2.

That is right. This budget has been prepared especially for that purpose, growth and higher growth. But please do not ask any questions as to whose growth, since there is no mention of Aam Admi or any special schemes for his welfare even though there is a passing reference to Inclusive growth. I do not know who are included here. I conclude this on the basis of past records of the last two decades of spectacular growth of 9% plus, which failed to dent that informidable fort of poverty.
Answered by Tony Fernandez, 01 Mar '10 05:32 pm

 
  
Report abuse
Useful
 (2)
Not Useful
 (0)
Your vote on this answer has already been received
3.

Let us see
let us hope
Answered by anil garg, 01 Mar '10 10:15 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
4.

Fical deficit contril is the main target yes I hope and wish
Answered by SriniVenkat, 01 Mar '10 05:53 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
5.

That is what is my assessment.
Answered by Damodar Biswal, 01 Mar '10 05:26 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
6.

Only time can say.
INDIA'S GROWTH IS LINKED WITH INTERNATIONAL MARKET DEMAND ON VARIOUS FIELDS.
Answered by gkr, 01 Mar '10 05:17 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining

Related Answer

Q.
A

Panchayati Raj in India today completed its Golden Jubilee today. 50 years ago on 2nd October, 1959, Pt. Jawahar Lal Nehru, the 1st Prime Minister of ..more

Answered by inquisitive