The five-state assembly elections are seen as a now-or-never, no-holds battle for the Congress, points out N Sathiya Moorthy.
The economy, otherwise, is likely to expand by 6.3 per cent in the current fiscal, aided by stimulus packages and United Progressive Alliance's flagship programme National Rural Employment Guarantee Scheme, the report said. The report, prepared by Commission member Kirit Parikh views the measures announced in the interim budget as increase in public consumption and public investment.
Initiating the debate on the Finance Bill in the Lok Sabha, BJP leader Jaswant Singh said the finance minister should not spend his time in 'accountancy' but 'apply his mind to the reality of economic management of the country." Terming the Finance Bill as the 'child' of the Union Budget, he said it (Finance Bill) should be abolished and if not, then the government should 'break it up'.