New Delhi: Finance Minister Pranab Mukherjee's Budget failed to send out a strong message about the reform process while coming out with a subsidy management plan and announced a new income tax structure. Experts labelled the it as an '80s style' Budget. Mukherjee began by admitting that the global crisis had affected the Indian economy. However, he said that a major turnaround might be expected soon.
Budget 2012: How it happened:
- GDP to grow by 6.9 per cent in 2011-12.
- Global crisis led to poor GDP growth...more
01:07 PM, Mar 16, 2012