At a macro level the Union Budget 2012-13 is a balanced one. The Finance Minister has taken step to create an environment for sustainable growth. The marginal increase in exemption limit on personal taxation to Rs 2 lakh and realignment of tax slabs would leave more money in the hands of the consumers.
Fiscal deficit is a big concern for Indian economy currently, says Rajesh Sud, CEO and MD, Max New York Life Insurance.
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