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New Delhi: The Finance Minister Mr. Pranab Mukherjee today presented the budget for the year 2011- 12 with the focus on sustaining high economic growth, strengthening infrastructure, addressing price rise and giving a boost to the farm sector.
The Prime Minister has said that the budget for the year 2011-12 meets all the challenges that the economy will face in the next fiscal. He said that adequate provisions have been made for infrastructure and social sector as well as agricultural development.
Dr. Manmohan Singh said it is important to curb inflationary expectation and for this it is necessary to consolidate fiscal deficit. He said that Mr. Pranab Mukherjee has done a commendable job on this front.
Finance Minister Pranab Mukherjee today said his Budget proposals address the problem of high inflation and give a push to economic reforms.
Union Home Minister and former finance Minister P Chidambaram termed the budget as good and balanced.
Terming the budget as timid former Finance Minister from the Opposition Yashwant Sinha said that the budget does not tackle any reforms.
The Leader of the Opposition in Lok Sabha Mrs. Sushma Swaraj termed the budget as disappointing saying that it did not contain any plan for controlling prices and tackling unemployment.
Janata Dal United leader Sharad Yadav said that there is nothing in the budget to bring down inflation.
Senior CPI leader Gurudas Dasgupta said the budget is directionless.
On the other hand RJD leader Lalu Prasad complimented the finance minister for presenting a budget which will boost the agricultural production in the country.
Mr. Manish Tiwari of Congress said the Budget is a reflection of India’s aspiration to become super power.
The Industry welcomed the budget saying it is positive and growth oriented. FICCI President Rajan Bharti Mittal said that the budget is balanced, will sustain growth momentum, with the main emphasis on agriculture and manufacturing.
The common man expected more relief. Though the people welcomed the 20 thousand rupee raise in individual tax exemption limit, they felt that the limit should have been at least two lakh rupees.
Farmers have welcomed the budget saying that the credit relief will help them in buying latest farming equipment.
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