Wednesday, February 23, 2011

Budget: What to expect, what not to expect

February 23, 2011

Amid speculation that duties might be raised as Finance Minister Pranab Mukherjee rolls back the economic stimulus, the Budget for 2011-12 will be presented on February 28.

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?

Budget 2011-12 will provide the right opportunity to the government to allay the anxiety of one and all given the spate of negative news the country is dealing with at this point in time, says an ICICI Direct pre-Budget review.

ICICI expects the Budget to be a populist one mainly for the aam aadmi (relaxation in tax slabs and high social spending) given the rising prices of essential commodities.

The Budget should also seriously focus on attracting fresh investments and focus on providing a better environment for speedy execution of the same so as to contain the secular consumption growth.

Also, this Budget will mark the end of the fiscal stimulus that it had provided in 2008-09.

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