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Budget 2010 What we should expect, what not to expect from Budget by Finance Minister Pranab Mukherjee
Amid speculation that taxes and duties might be raised as part of a partial rollback of the economic stimulus, Finance Minister Pranab Mukherjee will present the Budget for 2010-11 on Friday.
But Mukherjee's job is not an enviable one this time: he has his hands full. He faces a tough challenge as he has to try and present a balanced Budget; one that will appease the aam aadmi and also not hamper growth.
So what is it that you can expect from the Budget? And what should you not expect?
Things to expect
Fiscal prudence: Corrective measures to repair India's balance sheet seem imminent. The fiscal position stands stressed with a 16-year high deficit of 6.8% of GDP. With Central Statistical Organisation advance estimates hinting at a GDP growth of 7.2% for 2009-10, the government is bound to withdraw some of the stimulus doled out previously.
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