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Policy makers divided on Budget
March 01, 2006 11:23 IST
The much awaited Union Budget mixes populism with fiscal prudence. And it is being both lauded and criticised for this. India's policy makers are divided on the document. Prime Minister Manmohan Singh says, "Our investment and savings rate are rising at a pace that gives me confidence that with sound macro-economic management we can achieve the goal of 8-10 per cent growth rate. The FM has laid the foundations of us moving in that direction"
Deputy Chairman of the Planning Commission Montek Singh Ahluwalia says, "Fiscal prudence is important and at the same time it is important not to become a prisoner of fiscal fundamentalism. I think the FM has struck the balance very well. I think it's a neat balancing of different considerations, both of which are important."
Politburo Member of CPI (M) Sitaram Yechury says, "Our sum conclusion is that there were opportunities that were possible to garner greater revenues so that you could meet the commitments made in the NCMP that were lost by these proposals. I mean the bus has been missed in the sense that you could have geared up to greater revenue collections."
Complete Coverage: Budget 2006 - 2007