When this budget preparation work is started ?
As par Official sources, the consultations would stretch for nearly a month till the winter session of Parliament that generally begins in first week of December.
Though the economy is reviewed after good monsoon and industrial upturn, there are areas of concerns like fiscal deficit, falling tax-GDP ratio, mounting subsidies and slowing reforms.
Analysts feel the Budget would have to lay stress on fiscal consolidation, removing infrastructure bottlenecks and sustaining growth, particularly in agriculture sector, bcoz we in India can not ignore Rural Economy. You must have noticed this year in Mr. Chidambarams Budget speech, emphasized much on Rural and Agricultural Infrastructure today in parliament.
Ministry officials said the implementation of the Fiscal Responsibility and Budget Management Act would r ...more