Monday, February 16, 2009

UPA Interim Budget

Interim Fin Min and man friday, Pranab Mukherjee, presented the interim budget of the UPA govt. today.

It was a rather uninspiring one, belying expectations of almost all sectors. No major sops were announced for sectors like banking, real estate, infrastucture etc. Neither were any changes made to income tax slabs, rates etc for direct taxes.

The govt. it seems has chosen to remain within constitutional propriety by not announcing any major policy changes, but has instead chosen to highlight its achivements over the past five years.

A rather lack-lustre operation which neither woos nor repels.

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