Rediff.com
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Is the Budget sufficiently prudent? It probably is but at the cost of substantial under-provisioning for the many grand sounding schemes announced in it, says Nitin Desai. A budget has to be evaluated against its effectiveness in promoting the stated policy goals of the government. The primary economic function of the Centre’s budget is the maintenance of macroeconomic stability. But the specific tax and expenditure proposals in the Budget impact on other policy objectives such as ... Rediff.com, 2 months ago
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